Originally Posted By: supton
Originally Posted By: Wolf359
Originally Posted By: crazyoildude
Every appliance these days are engineered to last under 10 years it seems. Before i was born my parents bought a refrigerator that worked great when we sold the house when i was 30, it was in the basement used as a second refrigerator and it was always ice cold. It was built like a tank. It was a philco and according to my old neighbor it was still there in 2007
In the case of refrigerators, having it last a long time is a false economy. They've gotten more energy efficient every few years such that if it had been replaced, it probably would have saved multiple times what the refrigerator cost in electricity. For instance, a refrigerator from the 80's would probably use about 5 times more electricity than a new one. A new one would pay for itself in just 2 or 3 years just from the electricity savings.
I have heard if that, but then I read about many appliances simply not lasting. Thus negating savings. Probably internet amplification, but still: my fridge is from 1987 I think, and I am letting it run until the end.
Microwave says 1999 on it. Over the stove, which is nice. I did have to replace the mag in it when I bought the house ten years ago.
The problem is that you're only hearing from people who had their appliance fail. There's always a certain failure rate with anything so if there's enough of them out there, you hear about it. On car forums, there's a certain number of items that seem to be pretty normal for most cars of a particular make, but then maybe about 3/4 to a 1/2 you never have happen on your car. I buy lots of refrigerators and stoves as a landlord and have been at it for over 10 years. Most of my basic refrigerators have lasted, I've had one or two in that time period only last 3-4 years, most of my other ones have lasted longer. If you do the math, the payback period is just 2-3 years, if you're really worried, they always sell 5 years extended warranties, I think I'm still ahead by declining it every time. Your thinking is similar to those that don't wear seat belts because they think they'll be trapped in a car and be killed, but 99%+ of the time it will save your life, but you're betting on the less than 1% chance that you'll be thrown clear and be safe and the car will be destroyed.