Replacing fridge/freezer - how do you decide?

ViolaLass

I'm debating whether it's time to replace our fridge and freezer. They were both second hand so we don't know how old they are. I've been wondering at what point you decide that the saving per year is worth the initial outlay.

e.g. if a new one (we'd probably get an all-in-one, much easier) cost £250 and we could save £50 a year, is it worth it? At what point does it become worth it?

Thanks.

Hintza

Payback will be 5 years plus the loss of interest (or plus finance) so probably about 6 years.

Of course with inflation at 4.5% and your savings earning virtually nothing then you should buy it now.

Why not decide when something breaks and just ditch it then? Or sell it for £50 and that will bring payback a year closer.

In this current climate if it ain't broke don't fix it springs to mind.

But it really boild down to can you afford a new one and do you really want a new one then just buy a new one.

That should cover most replies have fun deciding

ViolaLass

Hintza wrote: »

Why not decide when something breaks and just ditch it then?

Because I don't want to come home one day and find everything defrosted.

Hintza wrote: »

But it really boils down to can you afford a new one and do you really want a new one then just buy a new one.

It's not about 'want', it's about trying to make the best financial decision (for argument's sake, let's assume I can afford it).

Innys

If your fear is coming home to a defrosted fridge, you have that potential with a 10 year old or one day old fridge. As that's clearly very important to you, why not simply buy insurance against it?

If you don't fancy doing that and you can afford a new one now, am I the only one who doesn't understand your question? I'm sorry but the phrase "Is it worth it?" makes limited sense to me. How about you rephrase?

penrhyn

Buy some freezer blocks and keep them in the freezer.
If the fridge packs up pop the blocks in it and you'll be OK for a day.
If the freezer packs up they will act as a thermal store.

Then pop out a buy a nice new Bosch.

Most places can offer next day delivery, in fact my local Euronics shop man followed me home with a new washeing m/cin his van when mine packed up.

Hintza

ViolaLass wrote: »

It's not about 'want', it's about trying to make the best financial decision (for argument's sake, let's assume I can afford it).

Well I have given you all the arguments for buying or not buying. I have even done rough sums.

The other posters have covered the other contingencies.

SailorSam

When i was looking around last year for a new FF, i wondered why do they nearly all have a bigger fridge, is it just me that prefers a big freezer.

hcb42

ViolaLass wrote: »

I'm debating whether it's time to replace our fridge and freezer. They were both second hand so we don't know how old they are. I've been wondering at what point you decide that the saving per year is worth the initial outlay.

e.g. if a new one (we'd probably get an all-in-one, much easier) cost £250 and we could save £50 a year, is it worth it? At what point does it become worth it?

Thanks.

bit of an odd question this one, but if it cost £250 and could save £50 a year, then it is worth it providing new one lasts five years...one would assume that was reasonable, but there are no guarantees as it were. (well there are if you buy an extended one of course)

TBH I don't evaluate them this way. I am waiting until mine breaks down before I replace it. I dont use a freezer for much, so no real financial loss incurred.

ViolaLass

hcb42 wrote: »

bit of an odd question this one, but if it cost £250 and could save £50 a year, then it is worth it providing new one lasts five years...one would assume that was reasonable, but there are no guarantees as it were. (well there are if you buy an extended one of course)

TBH I don't evaluate them this way. I am waiting until mine breaks down before I replace it. I dont use a freezer for much, so no real financial loss incurred.

I suppose I may have been asking how long are fridges etc expected to last but I'm also aware that just because a new fridge costs me £50 less to run in year 1 doesn't mean it will be the same in year 5. And it's not just about waiting for the freezer to break down - if getting a new one cost £50, saved me £50 a year and lasted three years then getting it now would make sense. Hopefully that clarifies my thinking.

ViolaLass

Any thoughts anyone?

penrhyn

You have a bad case of precognitive dissonance, time to make your mind up.

PS i used to be indecisive but now I'm not so sure;)