05/18/2019
Myth: New appliances only last 7-10 years. They just don't make them like they used too.
Truth:
Many appliances last 11-25 years when they are maintained regularly and not abused. The only time it makes sense to buy a new appliance is if the repair is going to cost greater then 50% of a brand new appliance.
Major surgery like a bearing, motor, transmission or bad compressor usually warrant new purchases.
However, repairs like belts, fuses, drum rollers, tensioner pulleys, evaporator motors, condensor motors, thermostats, start/run capacitors, overload relays, igniters, heating elements, switches, pumps and valves are always worth fixing. I even find great deals on control dials, control boards and control panels and can usually beat Dick Van Dyke's and Sherman's by hundreds on their repair guestimates. I call them guestimates because the estimate usually doesn't even mention the right part that needs repaired. Always get a second opinion before buying new.
Fact:
The 7-10 year appliance life myth has been perpetuated through marketing and advertising for companies that sell brand new appliances. Dick Van Dyke's and Sherman's are not in business to repair appliances, the margins are too small for their appetites. Their business model is built around the 100-200% mark up on appliances and selling extended warranties that only cover the parts that have a 5-10% risk of going out in 3-5 years. An extended warranty typically adds 25-35% profit to new appliances. The only time you should buy an extended warranty is if you are going to use a residential machine commercially. Or if you have a habit of overstuffing your washer/dryer and taxing your motor/transmission.
The Real Skinny: It is always worth getting a second opinion for a nominal fee from myself or Gary's Appliance Repair (I've worked with Gary for many years and he's very competent).
Big Lar's Appliance Repair: 309-431-1396