We all want our appliances to be more energy efficient and every year it seems like the new models of refrigerators, dishwashers, washers, dryers, etc do a better job of conserving power.  Unfortunately, coming up with the money to purchase that new energy efficient refrigerator or dishwasher or washer/dryer set isn’t nearly as easy for many of us as it should be–even with some of the tax breaks that are available to help offset the cost. Thankfully, there are options out there for people who want or need to upgrade. Here are five tips to help you afford new, energy efficient appliances for your home.

energy efficient appliances

Credit and Loans

If the situation is dire (like if your refrigerator has gone out) you might consider using credit to purchase the replacement appliance. Obviously using credit isn’t always the best way to go, but if there is no other option, you have to do what you have to do. If you don’t have credit or your credit is bad, you can try financing through independent companies like www.crestfinancial.com that specialize in financing for people who are in a jam and don’t have a great deal of money or credit at their disposal. Unlike with traditional creditors, like banks, these companies employ people who are financially trained to help, instead of simply using an algorithm, they go above and beyond to make sure that people in financial straits get the help they need.

Layaway

If you can afford to pay some money now, you should consider putting the new appliance on layaway. This allows you to, essentially, reserve the appliance you need with a down payment and then pay it off over a short amount of time. The store has to keep the appliance you want on hand and isn’t allowed to sell it to someone else. If you choose to go this route, try to find a store that offers “take home” layaway financing. Many stores contract through third party financiers. For example, if you look at the Google+ page for the aforementioned CrestFinancial.com, you’ll see videos from retailers who are able to offer “take home” layaway programs. These programs help you take the item home after your initial payment, like you would if you were using loans or credit.

Buy Used

Even if you have the money in hand (or enough credit available) to buy brand new, consider shopping for gently used appliances. Used appliances are often much cheaper than what you could find brand new. When shopping around for used energy efficient appliances, make sure you only buy from sellers who thoroughly inspect each appliance to make sure it is in good working condition before putting it up for sale. Get proof–in writing!–of the appliance’s fitness before paying for it and taking it home.

Shop Independent

Independent and family owned small appliance shops are great places to find the appliances you need. They carry the same stock that the big sellers do but often at lower prices because they have less overhead to cover. Plus, independent store owners are often more willing to negotiate prices and payments with you because they want you to keep buying from them in the future. They might even be willing to take your old appliance–if it is in good condition of course–as a trade-in to help offset the cost of the new appliance.

Save Up

If you don’t need something right now and you’re hesitant to put a big purchase on your credit card or take out a loan, why not simply save up for it over time? The best way to do this is to set up a sub-savings account at your bank and then have 5% of every deposit you make automatically transferred into that account. That way you don’t have to remember to save and you won’t be tempted to put saving off for another time.

As you can see, there are plenty of options available to you if you want to upgrade your current appliances to better, more energy efficient models. It doesn’t have to be a costly or stressful purchase!