Beyond the Sticker Price: Estimating the Real Cost of a New Appliance

Different retailers may charge different fees for delivery of your new appliance, depending on how far away from the store you live or the size and weight of the appliance. Be sure you include delivery fees when doing your price comparisons on various retailers.

If your new appliance can simply be hooked into existing plumbing or wiring and be good to go, installation will typically be included as part of the delivery. However, if you are getting a type of appliance you’ve never had before or you want the new appliance in a different location from the old one, the services of a plumber, electrician, or carpenter may be needed. For example, to install a dishwasher in a home that has never had one, you would need to remove existing cabinets and add water lines and drain lines.

Don’t be fooled by a low sticker price on a brand name appliance—this may represent the most basic model possible that lacks features you may really want. For example, you might see a great price on a fridge, only to realize it doesn’t have an icemaker. Be sure to leave room in your budget for optional features and upgrades that will enhance your enjoyment of your appliance.

It’s a good idea to review the terms of your new appliance’s warranty before making your purchase. This will enable you to make a better-informed decision if and when you are offered the option to purchase an extended warranty.

If you choose a deferred payment plan for your appliance purchase, be sure you fully understand the terms of the plan. If you don’t, you risk being taken by surprise by fees and interest that can significantly increase the total cost of your new appliance.

If you’re replacing an old, worn out appliance, don’t forget to consider the cost of disposal. Some retailers will handle this for you as a complementary service. However, it is more than likely that you will have to cover the cost of hauling your appliance away yourself, and also pay a fee at your local landfill.