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January appliance sales
"January is a notoriously slow month for retailers across the board, and the need to push sales this month, combined with the quickly diminishing value of anything left over, prompts retailers to hold sales and also be willing to bargain to close a sale," says
Matt Ong, retail analyst at
Appliance deals again in the fall
But waiting until September through November can result in even more savings. That's when new models come out, so stores slash prices on older versions to clear space in the showroom.
Andrew Schrage, co-owner of the website,
Money Crashers, notes exceptions. Air conditioners and refrigerators should be purchased in winter and spring, respectively. And there are other strategies. "For instance, if you shop earlier in the week when stores have fewer shoppers, you can receive better service. You certainly don't want to invest a lot of money in a new appliance without making an informed decision."
Expect to negotiate
Another factor in getting a great price is being willing to haggle, says Schrage. For the best deal, he recommends Sears, Home Depot, Lowe's, h.h. gregg, BrandsMart and Best Buy. Schrage also suggests signing up for email updates from websites like FatWallet, which posts appliance deals from both online and brick-and-mortar stores.
Many consumers favor new models, but Schrage advises, "Unless there's a new feature that is simply a must-have, consumers do not miss out on much by purchasing older models on sale."