When is an electrical appliance “sold” to you?
Buy electrical appliances like washing machines and dishwashers, refrigerators, and air conditioners, but you’ll have to pay more than $500 for each one.
These items are often marketed to consumers as “sold by the hour”, meaning that they’re usually sold in a given time frame, typically a week or two after purchase.
You’ll usually pay for them with a “rental” fee, usually $10 or so.
If you’re buying a microwave, for instance, you’ll probably have to fork out $40 a month for it, and that’s before you even pay for the electricity, gas, and maintenance.
Electric appliances are expensive.
According to a recent study, a typical appliance costs $2,400 for a full-sized fridge, a $1,000 for a dishwasher, and a $400 for an air conditioner.
If these prices are the norm, you’re going to have to save a lot of money for appliances you really need.
The same study showed that an average home can save $100,000 per year by reducing energy consumption.
“The typical American spends over $20,000 a year on their appliances, which is almost 10% of their disposable income,” says J.M. Schulze, a researcher at the University of California at Berkeley and the author of the new study.
“So it’s a good idea to look into appliances that you can save up to $1 million.”
How much will you pay for an electric appliance?
Electric appliance prices can vary widely, depending on which appliances you’re considering buying.
But you can often get a good price by comparing prices online or in stores.
A recent study by Zagat found that the average price of an electric refrigerator ranged from $800 to $2.50 per month, and an average gas-powered refrigerator range from $1.25 to $3 per month.
A new Zagata study found that a $2-per-month electric washing machine could cost $4,400.
The price of a microwave can be as low as $150, and the price of air conditioning can range from as little as $200 to as much as $300.
The exact amount you’ll pay for a home appliances varies depending on how much you want them, but Schulzes research found that an electric stove, for example, could be a $200-per-$300 investment.
Why are appliances expensive?
Most home appliances are actually more expensive to build than you might think.
“Most modern appliances are built by people who’ve built more expensive appliances,” Schulz says.
“A lot of the times these appliances are less efficient than they would have been built by a traditional manufacturer.”
This means that the manufacturing cost of the appliance is higher than the estimated cost of materials, labour, and other costs associated with building the appliance.
You’re also likely to pay for these costs out of pocket.
Schurze and his colleagues found that people who lived in an area where there was a lot more demand for appliances, like malls or shopping centers, paid far more for appliances than people in the middle of the country.
What if I have a problem with an appliance?
If you find that an appliance isn’t working properly, there are a few things you can try to fix it.
“The best thing you can do is replace the component or switch it off if you can’t use it,” Schurz says, “but there are also some simple things you could do.”
You can also check your local or state government’s website for appliance ratings.
A good source for this information is the appliance rating site Zagato.
You can even search online for appliances that have a “star rating” on Amazon.com.
“In the past, appliances that had an ‘A’ rating had a warranty and were easy to repair,” Schulz says.
If you can find an appliance that has an “A+” rating, you should definitely check it out.
“I’d like to think that we can all look forward to the day when we’re able to enjoy a home-cooked meal with a dish we’ve cooked ourselves, or a microwave cooked by our own hands,” Schuldz says .