|(Flickr user Angel Arcones/CC)|
A frequent rule of thumb is if the repair exceeds the more than half of the cost of a replacement, then you should repair it. That's not bad advice and actually can be a pretty decent rule of thumb; Before you cancel that service call and go running off to find a new appliance you may want consider a few other factors.
Let's talk about that "cost of replacement". These days manufacturers offer a wide variety of appliances to meet a spectrum of price points. What that means is that many repairs will exceed half of the cost of a lower end appliance. There is a good chance that what you are looking at replacing is a better, more feature rich unit than the low end "price busters" you might have seen in some ads.
Make sure, when you are thinking of those ads that you saw, that the machine being sold is as good as what you have. If not you will probably be buying a more expensive appliance from your appliance dealer. That higher priced appliance is the true replacement cost, not the low end unit that would not meet your needs or standards,
Also do not forget to take into account delivery charges, installation charges and any expenses that might be involved with getting rid of your broken appliance. As you can see, that "cheap ad" that you saw suddenly becomes a bit pricier.
Besides the question of replacement cost, I might consider the nature of the repair. For example. if the appliance is in great shape, but a fairly expensive switch needed to be replacement, That might be worth doing. On the other hand an inexpensive repair may be a symptom of a more expensive item beginning to fail. This is where hiring a trained, professional service technician can help you make an educated choice.
Nobody likes having a broken appliance and facing the repair/replace dilemma. If you are facing that choice, we hope we have helped sort out the decision for you. If you opt to replace your appliance, we wish you years of trouble free operation. If repairing the appliance is the better choice. we are here to help with the parts and supplies to do the job.
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