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Believe it or not, it was way back in 1913 when the first refrigerators and dishwashers were designed for domestic use. It wasn't until 1946 that we were blessed with the first line of microwave ovens and a year later in 1947, the first automatic washing machine. However, the original microwave wasn't very popular to begin with, being as big as a fridge-freezer and costing a whopping £30,000. In the late 60's it was eventually refined into the modern smaller microwave oven we know today and we haven't looked back since! 

As a society we've become fully dependant on our kitchen appliances and it is incredibly difficult to imagine life without them, so when the unfortunate incident strikes and we need to replace them, it really does become a matter of urgency.

 

What are the average costs of white goods?

A broken appliance never comes at a 'more convenient' time. It usually isn't something we see coming or are thoroughly prepared for either. There are some appliances that we can wait to replace for longer than others, for example if you need to purchase a new oven there's always the microwave in the meantime and vice versa. If it happens to be your washing machine that has broken down though this can be a real headache, especially if you have no relatives, friends or even a launderette nearby!

How much it costs to replace your white goods really does depend on your needs for the appliance, if you receive regular visits from the grandkids then perhaps you would be more in need of a much larger fridge-freezer... and a good night's sleep! However, if you generally cook for just yourself then you may find a smaller fridge-freezer much cheaper to both buy and run and more suited to your needs.

Below, we've used Which's 'Best Buy' guide to help you identify some of the expected costs of replacing an appliance with a new, reliable one:

 

 Costs of 'Best Buy' Appliances

Best Buy Appliance

Average Cost

Freestanding Oven

£300 - £400

Built in Oven

£200 - £300

Built in Hob

£150 - £200

Microwave

£50

Combination Microwave

£200

Fridge (Size/Requirements Dependent)

£300 - £800

Freezer (Size/Requirements Dependent)

£120 - £1000

Fridge-Freezer (Size/Requirements Dependent)

£400 - £1500

Dishwasher

£200

Washing Machine

£300

Tumble Dryer

£200

Washer-Dryer

£400

 

How much it costs to replace your white goods really does depend on your needs for the appliance, if you receive regular visits from the grandkids then perhaps you would be more in need of a much larger fridge-freezer... and a good night's sleep! However, if you generally cook for just yourself then you may find a smaller fridge-freezer much cheaper and more suited to your needs.

 

What can you do if you need a new appliance?

If you have rainy day money saved away, then it may not mean breaking the bank to replace a faulty refrigerator, if that's not the case and you can't borrow money from family or friends then it can be quite a worrying situation.

There are a couple of options available to consider though, rent-to-own stores in the high street allow you to lease an appliance until you have paid an agreed amount at which point it becomes yours.

If however you'd much rather prefer to buy your new washing machine, microwave or other appliance out right, or the high street rent-to-own stores don't stock the model you want then a better alternative for you could be a short term loan. This also allows you to shop about for the best deal.

There are many online payday lenders available to compare but with a payday loan that does mean repaying the amount borrowed plus interest in one lump sum.

With a short term instalment loan, such as one from Satsuma, you could borrow the amount you need to purchase your appliance outright and not have to worry about repaying in one hit, we allow you to spread the cost of your repayments in manageable monthly or weekly instalments for up to 12 months as a new customer. To find out more about how we can help, visit our about us page!

 

Sources:

http://www.greatachievements.org/?id=3768

http://www.gizmodo.co.uk/2013/09/10-everyday-technologies-we-can-thank-the-military-for/

http://www.which.co.uk/home-and-garden/home-improvements/guides/planning-a-kitchen/kitchen-appliances/

 

 

Representative example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.