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What would you do? Buy a new fridge?

June 16th, 2010 at 04:41 pm

We have a friend who works at Sears. I saw her yesterday and showed her baby DS. She showed me a new refrigerator. It is one of the models I had admired on past visits. It's 'last years' model, the floor display. It is on clearance. More than 50% off, like $1100 less. 0% Sears card financing for a year.

We are going to need a new fridge - at some point. Our current fridge is a 1991 model that came with the house. I suppose it will die sooner rather than later. Should we replace it now while we can get a great deal on the fancy fridge I really like? Or wait until it dies and buy at (likely) full price?

5 Responses to “What would you do? Buy a new fridge?”

  1. MonkeyMama Says:

    It depends.

    My first thought is that the same deal will be there next year, likely. BUT, if you have the cash set aside to replace it, I don't think it is the worst thing to replace it now (rather than get stuck rushing to replace it when it bites the dust - quickly with less options).

    Of course, perusing your blog, I don't see that you have the cash (or you may, but you have some debt - some for appliances). Personally, if I were in your shoes, I would not buy it. If the old fridge died tomorrow, I'd pick up a used one for $50. I'd personally pay off the debt before I bought any new appliances. I've had great experiences with used appliances - I don't think new appliances are worth going into debt over (or delaying other debt payments).

  2. HouseHopeful Says:

    I'm with MonkeyMama - if you have some debt & its not a need, I'd hold off. There are ALWAYS good deals. Sears is known for that. My parents worked for the company for years and I can tell you, there are certain times of the year they do those deals on the slightly 'older' models. The deal will come around again.

  3. creditcardfree Says:

    I wouldn't take it just because it is a deal. There are always deals to be had. If yours dies you either replace/repair with cash on had while you are in credit card debt.

  4. Elisabeth Says:

    I'm with MonkeyMama. You don't need the debt burden. I've also had used appliances. I got a used dryer that went on to last for 10 more years and I paid less than $100. In our brand new custom home we shopped used for kitchen appliances. Fridge, range and dw for less than $250. Once again they are still working 10yrs later. We put the money saved into a wrap around to our front porch.

  5. Looking Forward Says:

    You are all right. Thank you!
    I have thought about buying a used fridge if our current one dies before I have the funds to buy a new one. I could buy the new one now, but that would mean using EF and this is NOT an emergencey!
    Thank you for the frugal check. It really helps me. Big Grin

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