It’s high time I explain the differences between used and new appliances. (Thanks Jan.) Used appliances offer a 15% to 40% reduction in price, but are the risks worth the cost?
Remanufactured Appliances: The Basics
First of all, it’s very important to understand the difference between remanufactured appliances and used appliances. A used appliance is a unit like a refrigerator, washer, or mixer that is defective, has been replaced, or not used anymore by a consumer. A consumer will generally trade these products in for store credit or cold hard cash. Retailers will superficially test these appliances and put them on their showroom floors (Though often on their Ebay Stores.) at a greatly reduced priced compared to their brand new counterparts.
Remanufactured appliances differ from used appliances in one key way, they are thoroughly tested and often completely rebuilt and typically carry better warranties than used appliances. Because of the extra labor and cost of replacement parts, remanufactured appliances generally cost more than used appliances.
Because used appliances aren’t thoroughly tested, I strongly advise against purchasing large used appliances. Yes, you may find an amazing deal here and there from your neighbor down the street or at a local yard sale, but buying used equipment from a so called Mom and Pop appliance store is very risky business.
Now that we have the basics of pre-owned appliances out of the way, lets explore how remanufactured appliances measure up to brand new equipment.
WarrantyBrand new appliances come with more comprehensive warranties that cover more items for a longer period of time such as electronics, wearable parts like handles and grips, and frame of the appliance. Warranties on new appliances are also backed by the manufacturer and remanufactured warranties generally aren’t. Most remanufactured appliances are warranted for 60 – 90 days compared to a 2 to 4 year warranty period on new equipment.
Price
Price is the other huge difference between new and remanufactured appliances. New Appliances sell for 15% - 40% more than remanufactured appliances. These products on Amazon, for example highlight the possible savings of buying a remanufactured appliance.
Product: iRobot Roomba 4230
Brand New: $329.99
Remanufactured: $199
Difference: $130.99
Bissell 1930R QuickSteamer Steam Clean Vacuum
Brand New: $99.99
Remanufactured: $59.99
Difference: $40
For anybody who wants the most bang for their buck, remanufactured appliances are the best route to go. If you’re worried about your appliance not working when you bring it home, purchase an extended warranty. (Unfortunately, this sharply decreases your savings.) Remember, appliances marked “used” are going to be a lot more riskier than appliances “marked” remanufactured, so I advise only buying used equipment from people or appliance stores you’ve dealt with in the past and trust.
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