REPAIR OR REPLACE
Major appliances are a staple of daily modern life. Without these tools, people would be required to wash their clothes by hand and cook meals over an open fire. It’s no wonder that a broken appliance causes a big problem and interruption in life! The question of whether to repair or replace can create a lot of stress when a problem arises.
When it comes to repairing appliances, every device eventually reaches a point of diminishing returns. If it’s cheaper to fix an appliance than replacing it, the smart and eco-friendly decision is to fix. However, it doesn’t make sense to repair a device that is likely to break down again in the near future or is more affordable to replace.
TIME TO REPAIR
- Appliance is an antique that would be difficult to replace or would require renovation of the surrounding area
- The repairs will extend the life of the appliance for several years
TIME TO REPLACE
- Repairs add up to more than half of the product’s original cost
- The parts are obsolete or no longer available or if the part is not able to rebuilt
The age of an appliance should be considered when deciding whether to repair or replace. Most appliances have an average life cycle and once an appliance passes that date, it’s usually a good idea to replace. Antiques and high-end appliances are the exceptions to the rule, as they may be extremely expensive to replace.
Determine if your appliance is under warranty because you might be able to have it repaired at a reduced rate or free of charge. Warranties are important because replacement parts are expensive and can even cost more than the cost of purchasing a new appliance.
Appliance professionals recommend when the price of the repair totals more than half the cost to purchase a new appliance, you’re better off replacing the appliance.