When it comes to purchasing major appliances, timing is everything. Manufacturers introduce new models each year, and retailers reduce the prices of previous year's models to make room for the new inventory. January and February are typically the months with the most discounts on major appliances, following the annual Consumer Electronics Show in Las Vegas. This is when brands present their newest models and stores start selling old stocks to make way for new smart appliances.
Refrigerators, washing machines, and smaller kitchen appliances such as blenders and fryers are all great items to consider during February. Dean Schwartz, Vice President of Marketing and Appliances at Lowe's, recommends researching the lifespan of your current appliances to get an idea of when you might need to buy a new one.To maximize savings, it's important to keep an eye out for sales and promotions. Many retailers offer discounts on major appliances throughout the year, so it pays to shop around. Additionally, you can often find coupons or special offers online that can help you save even more.
When it comes to buying major appliances, timing is key. By doing your research and shopping around for deals, you can save a lot of money on your purchase. So if you're in the market for a new refrigerator or washing machine, consider waiting until January or February when discounts are at their peak.