When it comes to expensive electronics and appliances, do you repair or replace them when they break?
Before you decide to throw away your washing machine, stove or even your phone, there are a few things you should look at to know when something is worth saving and when it isn’t.
The first thing to look at is how much does it cost to repair the item versus getting a new one? Experts recommend sticking to the 50 percent rule. If the repair costs more than half the replacement price, don’t repair.
Built-in refrigerators, gas cooktops, and home theater systems are more difficult and expensive to repair than dryers, electric cooktops, and digital cameras.
Next, you want to check if the repair costs are covered by a warranty. Most products come with a manufacturer’s warranty, which usually lasts one year and covers the cost of repairs.
Even some credit cards offer extended warranties on devices like phones, and the age of a device can help determine if it’s worth saving.
Old appliances that aren’t energy efficient can cost you more on your energy bill, even if they’re cheaper to repair.
Consumer Reports offers an interactive tool to help you determine if you should repair or replace your household item.
Also, call the manufacturer directly to see if they will repair or replace defective items. Companies like Keurig and Moen are notorious for replacing defective items without discussion.
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https://www.news4jax.com/money/2022/11/07/should-you-repair-or-replace-your-major-appliances-or-phone-3-factors-to-consider/
