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Is it worth it to fix an appliance?

Microwave Oven Repair

Is It Truly at the End of Its Useful Life?

You will need to calculate the average lifespan and then get a repair estimate. To diagnose the problem, most service providers charge a “trip fee”. These fees can vary greatly so make sure to ask before you schedule an appointment. The trip charge is usually waived if the appliance is repaired by the company. E&J Appliance Repair does it this way. The repair price includes a flat fee for the trip for things like a washing machine, washers, front-loading washers, and typical kitchen appliances.

According to the Association of Home Appliance Manufacturers, upgrading home appliances like gas ranges and clothes dryers is a smart idea if you plan on living in your home for at least 10 to 15 more years. If you are moving soon, it is a good idea to keep your older appliances working with a repairman and let the new owners upgrade to more energy-efficient models.

Is It Truly at the End of Its Useful Life?

An appliance replacement cost may be more than the purchase price. The appliance’s cost could actually be less than the money spent to upgrade it. Extended warranties cost money and are usually not worth it, such are the thoughts for icemakers, dishwashers and mini splits etc.

There are many reasons to repair items when they break rather than replace them. It’s often cheaper to fix an item than replace it. If a faucet leaks for $100, it doesn’t make any sense to replace it with a washer that is less than $1.

Sometimes, even things that are impossible to fix yourself can be fixed by a professional. Jeff Yeager, a frugal living expert, writes at AARP about how most electrical items can be fixed, such as a faulty cord or worn belt. These problems can be easily fixed by an electronics repair shop.

The Advantages of Repairing

Sometimes, even complex repairs on things like HVAC systems are still worthwhile. A good example is car repairs. A new car is a huge expense. It’s not worth the hassle of having to scrap your car each time it needs repair.

If they are well-made, however, old appliances can still be worth fixing. Sometimes older appliances cost more than modern ones because they were built better. A simple repair can keep an old workhorse that never used dryer sheets running for many more years.

This is true for all products that are built to last. Let’s say that you have worn the same pair of leather boots for 10+ years and the soles have worn out. It’s worth $50 to have the boots resoled, as long as they are in good condition.

Some items, such as antiques or collectibles, can increase in value over the years. Your investment in repairing an item that is defective is considered an investment if it becomes an antique or a part of a collection. The old chair might be worth more than the money you spent to fix it today.

Is it still under warranty?

A warranty is one thing that’s worth not paying more for. Consumer Reports found that most products won’t fail until the warranty has expired. Even if they do break, the savings are not that great. People who purchased a service or warranty contract averaged $136, while those who paid out-of-pocket for repairs only $16.

Worse, people who had their repairs completed under warranty were not as satisfied with the results. They were more likely to wait for repairs for two weeks or more than the rest of us. They also had a higher chance of having the repair done incorrectly.