Washing Machine Repair, Part Deux
Well, it turns out that I was wrong about our washing machine… The motor was shot, and the repair estimate was $270! Actually, we had already incurred $70 of that for the visit plus the repairman’s time diagnosing the problem. This left us in a bit of a quandary — lay out an additional $200 to get the motor replaced, or cut our losses and buy a new machine? This decision was made all the more difficult by the fact that our washer was barely three years old when it died. Thus, it’s not like we’d be patching up an old, decrepit piece of junk. Of course, another possibility would be to repair it myself. However, the motor alone runs around $150 and, as I mentioned before, I’m facing a bit of a time crunch right now. What to do?
We opted to bite the bullet and replace it. After a whirlwind afternoon of shopping, our new washer will be delivered today. In the end we decided to upgrade a bit size-wise, going from a ’super’ capacity unit (3.2 cubic feet) to one with ‘king’ capacity (3.5 cubic feet — big family = big washer).
Although I saw a number of good ’scratch & dent’ deals at the Sears outlet, I couldn’t get one home on my own, and they don’t offer any delivery deals at their outlet. Thus, the delivery charge would’ve eaten up a good bit of the difference in price. So… I ended up at Lowe’s, where they offer free (after rebate) delivery, next day availability, and free haul away of the old unit. (Note that both Home Depot and Sears offer similar deals on delivery, although prices at Sears are generally a bit higher than Lowe’s and Home Depot.) Since the model that we wanted was out-of-stock, and since we needed it pronto, they agreed to give us the next better model for the same price ($467 –> $437). Add to that a $20 rebate coupon that the repairman gave to us, and we ended up reasonably happy — we would’ve been even happier if this hadn’t happened in the first place, but that’s water under the bridge.
Anyway, all of this got me to thinking. Are there any general rules for how much you should be willing to spend to repair an appliance? At what point would you throw in the towel and replace it? Ignoring for the moment the $70 that we incurred for the initial visit, the balance of the repair estimate (~$200) was a bit less than half of what we ended up spending on the new washer. Actually, if we had replaced our old washer with the current equivalent, it probably would have cost somewhere in the low- to mid-$300 range. Thus, the estimated cost of the repair was closer to 2/3 of the actual replacement value. At that point, it’s pretty hard to justify making the repair, even for a newish appliance.
Whether or not we made the right decision, I’m hoping that this one will end up lasting considerably longer than the last.
Published on July 15th, 2005 - 5 Comments
Filed under: House & Home
email this article
- bookmark it
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» One Year Ago This Week (July 9th – July 15th)» Printable Lowe’s Moving Coupon
» From the Archives (July 15th – July 21st)
» Washing Machine Repair
» From the Archives (July 8th – July 14th)
» Avoid Check Washing With Special Ink?
» Flexible Spending Account Tapped out for 2005
» Fender Bender Update
Was this article useful? Please sign up to receive our content via e-mail:
Great deals...
Readers’ choice...
Recent articles...
- Effect of Foreclosure, Short Sale, and Bankruptcy on Your Credit Score
- DIY Garage Kayak Racks: Fast, Frugal, and Effective
- Lending Club $25 Bonus Reminder
- Coupons are a Waste?
- How to Save Money on Pet Care
- Best HSA Custodian?
- Considering a High Deductible Health Plan
- Pay Back the Homebuyer Tax Credit?
- How to Find a Good Deal
- How Much Does Your Debt Cost?
Recent comments...
- iris bobi: I went to contract 4-2009 and going to close on my house either December...
- Tim Rosen: Pros and Cons: Pros: a.) A systematic discipline to save/invest on a regular basis, for a...
- Matt Jabs: @Tim: Thanks, I hope this article helps get even one person on the...
- Tim Rosen: Excellent Matt! A very practical, real-world plan that I believe anyone can "flesh out"....
- Jerry Robertson: Your article has great information about the large companies going out of business, but...
- laura: I have a foreclosure on my credit from Jan 2007 and my FICO score...
- nickel: Ron: Good question, and I have no idea as to the answer. It could...
- Christina: While foreclosures wreck less havoc on the score than a bankruptcy (according to your...
Most talked about...
- Dave Ramsey is Bad at Math
- $8,000 Homebuyer Tax Credit
- Dish Network Customer Service SUCKS
- How to Claim the First-Time Homebuyer Tax Credit
- $15,000 Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- Would the "Fair Tax" Gut the Economy?
- Tax Stimulus Rebate Payments to Start Early
- Pay Off Mortgage Early? Or Invest?
- The Best Online Savings Accounts (Updated!)
- Life's Too Short to Drink Cheap Beer
- $7500 First Time Homebuyer Tax Credit
Stumble It!
Digg It!
Tip It!
del.ico.us
Facebook
I think you made the right choice. I would have done the same thing.
Comment by FMF — Jul 15th 2005 @ 9:16 amSmart move. There’s very little sense in replacing the motor; that’s one of the most expensive parts to fix. If the machine is that old, odds are you can do much better with a new machine anyway.
Suggestion for the future: Try diagnosing the problem yourself to save the repairman’s visit. Common tools and a $30 multimeter and a troubleshooting book for major appliances should at least lead you to which part is bad — including the motor. I’ve fixed my freezer, my dryer, and dishwasher this way, and I diagnosed a problem with our water heater well enough so that I knew it was worth it to call in a claim on my home buyer’s warranty.
Comment by mbhunter — Jul 15th 2005 @ 12:27 pmDid you get a front-loader? The potential water and energy savings would make the replacement expense go down smoother, though it’s more money up front…
Comment by Daytonscott — Jul 15th 2005 @ 2:25 pmWhen the cost of repair approaches the cost of replacing, I usually replace. Something hard to avoid, however, is “replacing” a product with a better version (read, more costly). It’s tempting to buy a better washing machine when you’re old one dies, but you should always ask yourself if you really need a fancier one.
Also, you can’t really say the cost of repair was 2/3 of the replacement value, because you didn’t replace it with that one, you went with a better one.
In the end, I probably would have gotten the better one too, lol.
Jeff
Comment by Jeff — Jul 15th 2005 @ 5:29 pmhttp://www.roadtorich.com
The one that we bought wasn’t so much better as it was bigger. Since our family has grown since we bought the first one, we really can use the extra capacity. Aside from that, there aren’t really any features available on a washer that would make me pay extra. If our clothes get clean, they get clean.
And no, we didn’t get a front-loader. While I’m aware of the advantages, I just don’t like them very much. To me, they’re kind of like refrigerators with the freezer on the bottom. Clever and functional, but just not my cup of tea. I guess I just can’t handle change.