You’re worried the washing machine may be on its last spin cycle. It makes a horrible screeching sound and needs a lot of coaxing to make it all the way through a full cycle. Should you spend $319 to fix this inefficient appliance or replace it with a $999 new model that will use less electricity and water?
Deciding whether to repair or replace your broken appliance — especially when trying to save money in the long run — can be challenging.
Consider these basic guidelines, based on costs and advantages of both options, to help you decide.
If you cannot pay cash for the new replacement. You should get it repaired to buy yourself time to save up for the replacement. Even if the repairs will only keep this appliance going for a year or two, you’re far better off