Savvy consumers consider price, performance and reliability when making a major purchase, such as a car or home appliance. The greatest of these is reliability — particularly lately.
Supply chain disruptions can mean long waits for parts or replacements if something breaks. Getting a new refrigerator, dishwasher or other major appliance now often takes weeks or even months, says Paul Hope, home and appliances writer for Consumer Reports. Plus, the microchip shortage means many manufacturers prioritize making their most expensive models, which are typically the most profitable, Hope says.
“It’s getting increasingly difficult to get some of the inexpensive models of any given product,” Hope says.
In my latest for the Associated Press, how to find truly reliable and durable products.
Today’s top story: What to buy and what to skip in April. Also in the news: What all those terms and conditions you ignore really mean, how to save for a home when you have student debt, and steps for helping kids become financially savvy. 