An article on the internet today suggests that if you buy an electric appliance from the electrical appliance store, you should probably get a brand new one instead.
But, if you already have an old one and don’t want to spend more money on it, you can use an online auction site to buy a brand-new appliance for as little as $9.95, according to a new study from the National Retail Federation.
The study, published online in the Journal of Consumer Research, compared the price of brand-name appliances with those of brand new models.
The authors of the study estimated that it would take the average person a year to save $20 on an electric refrigerator by buying a brand name appliance and saving $60 a year on an appliance of the same size.
The researchers also found that, for a brand brand-named appliance, a $10 increase in price of $50 would result in savings of $10 per year on the appliance.
The new study is just one in a series of studies by the National Consumer Federation and the National Association of Home Builders that aim to quantify the impact of consumer spending on appliances.
While many studies have estimated the value of appliances, the new study was the first to calculate the true cost of an appliance in terms of its lifetime cost.
The researchers estimated that the lifetime cost of a brand named electric refrigerator, for example, would be $1,500, or $6.25 per year.
If you already own an appliance, you could also use a credit card to pay for the purchase of a new appliance.
But if you do not have a credit or debit card, you would need to use an appliance store.
The National Retail Federations study is the first of its kind, said Jody M. Molnar, president of the National Trade Council.
“I think it is important that people understand that there is a huge difference between buying a new product and buying a replacement product,” she said.
“The consumer wants to make sure that they have the best product, so if you are going to buy replacement parts, the manufacturer should be on the hook for a fair price.”
But buying a used appliance could be risky.
In some cases, the replacement parts may be worth less than what you paid for them.
For example, a new refrigerator may cost less than $200 to replace, but a used one may be over $1 and might cost $3.
Molnar said the research should serve as a wake-up call to the consumer to buy brand-names rather than brand-fresh appliances.
She said she would like to see manufacturers offer more warranties and offer discounts on refurbished appliances.
“If consumers are buying used appliances, they are more likely to take the extra step to check on a brand and see if the parts are in good condition,” she added.
“That would be a good sign to consumers.”