1. Consult Consumer Reports magazine, available in most public libraries, for information about specific brands and how to evaluate them, including energy use. There are often great price and quality differences among brands.
2. Once you've selected a brand, check the phone book to learn which stores carry this brand; then call at least four of these stores for the prices of specific models. After each store has given you a quote, ask if that's the lowest price they can offer you. This comparison shopping can save you as much as $100 or more.
3. Consider buying your major appliances at garage sales, thrift (second-hand) stores, or auctions. These tend to be a fraction of the original price. However, be aware that older models may have hidden repair costs, and older models tend to have higher energy costs (especially for electricity) than newer models. Energy-efficient models may initially cost more, but they usually save you money in the long term.
4. Some power companies give consumers a rebate if an energy-conserving major appliance is purchased. Check with your local company. Also, check out the Energy Star Web site for special offers and rebates: www.energystar.gov).
5. Purchasing products in tandem (for example, a washer and dryer) may result in a better price than purchasing each item separately.
6. Finally, don't wait until the last minute to make your purchase! This is not always possible but, after researching the brands and models you have interest in, watch for them to come on sale. Feel free to ask the store if a particular model will be offered on sale in the near future.
Web Resource:
http://www.eere.energy.gov/consumer/your_home/appliances/index.cfm/mytopic=10020
We would like your feedback on this Personal Finance Frequently Asked Question.