Repair Costs – What’s the Best Deal?

- by Elizabeth Redfern
How Much Does It Cost To Fix Home Appliances? – Chapter Seventeen

When an appliance breaks, the repair costs vary greatly depending on what sort of repairs you decide to go for. Calling out a repair company to fix a home appliance can be costly. So, many people decide to chuck out the broken appliance and buy a new one. Sometimes there are small problems which you can fix at home, but if you are not comfortable doing DIY or are sensible enough to understand that messing with an appliance that has electricity running through it could be dangerous, then a professional repair engineer is the best option.

When a warranty has expired and you need to choose a repair company, where do you start? You don’t want to have to take a payday loan to pay for repairs! So how do you find an affordable repair company?There is such a wide choice, and you may decide to look on the Internet or browse through the local newspaper before making your decision.

Repair costs - good advice from Cashfloat

Fixed Repair Costs

Some companies advertise fixed repair costs while others will give individual estimates. It can be hard to know which to go for.

On the surface, fixed repair costs looks like a good option. Many retailers now offer an after sale contract with fixed costs for repairs. But is this a good deal?

The first thing to understand is how the company makes a profit on such contracts. No company is going to offer such a deal unless it will make money, so you need to ask yourself: is the fixed price a realistic option or could you get the same work done cheaper by shopping around?

Large businesses work on large numbers. So, if a large number of customers have simple repairs that are relatively inexpensive but they are paying a higher fixed rate cost, these multiple jobs will easily cover the costs of the more larger but rarer expensive repairs.

You may find yourself sucked into the hard sell of a fixed rate appliance repair contract. But, before signing up for this, you should think about the reality of appliance repairs. Most repairs are relatively simple and are cheaper than you might envisage.

Look At The Figures

Repair costs calls statistics - Cashfloat

Around 30% of repair call outs need no parts. If the washing machine is spilling out water and you call out for a repair, it may only need a clean through. A call like this might take half an hour and require no parts. Costs might be around £30 compared to a fixed rate of £50.

For repairs that do require a replacement part, around 30% of these parts cost less than £20. So, if you are being charged a high fixed fee for the repair, you could be paying out far more than necessary.

Additionally, in 25% of all calls, it is not cost effective to make a repair. In these cases, you will have to replace the appliance and have no benefit from the fixed rate repair contract.

Large Businesses That Offer This Service

Some large and well-known businesses offer a fixed rate repair contract. These include British Gas and the AA. However, British Gas subcontracts the work out when their own staff are too busy. So, you could end up with an independent repair company that you could have chosen yourself and paid out less money.

Independent Repair Services

Choosing a small and independent company will give you a better choice for appliance repairs. Most local businesses will offer a free estimate for the repair work so you can get more than one estimate before making a decision.

Repair costs - good advice from Cashfloat

Don’t go for the one with the largest advert. Shop around and ask friends, family and acquaintances for a reference. Check that the company has full insurance and that it offers a suitable time period for warranty. In this way, you can avoid becoming one of the people with a horror story about the difficulty and expense of getting a home appliance repaired.

In The World Of Throwaway Appliances

Many people now choose to replace a home appliance instead of repairing it. And, it is easy to understand why they go down this route. Dependent as we are on freezers, washing machines, cookers and dishwashers, no one wants to go for more than a few days without them. So, the replacement appliance often seems like the best and fastest solution.

Why does this happen? The answer is complicated, and there are many factors involved. Many engineers will not attempt repairs on cheap appliances as it is not cost-effective for them or the consumer.

Parts for individual appliances can be hard to get, and an independent repair person will be unable to carry spares for all brands and models. Most customers do not want to wait for a part to be located and ordered and may choose to buy a new appliance.

Repair costs - good advice from Cashfloat

An Explosion In Technology

In the last few decades, there has been an explosion in technology. Whereas in the past there were mostly just a few well know brands like Hoover or Hotpoint, globalisation means that now almost every brand in the world is sold in the UK, making it harder for engineers to specialise.

Many engineers are now working with a far wider range of appliances and this, in turn, had reduced the quality of repairs. An engineer cannot be a specialist in every brand and model of appliance so it is little wonder that many will recommend buying a replacement model especially if the appliance is cheap.

So, when you call an engineer for a quick fix to your appliance, it is worth bearing in mind some of the problems that they now face. The kind of service that you would have got a few years ago is no longer available. Repair engineers have to make a living and must charge repair costs that make it viable for them to continue with their job.

If you are looking to replace your broken washing machine or a broken oven, but you are lacking the funds to do so, you can click here to apply with cashfloat a small loans direct lender in the UK.

Finding a good repair company

That said, it is still possible to find a reliable and reputable repair company if you know where to look. Recommendations from friends are a good way to start or look online for trusted traders. Ask pertinent questions about insurance and warranty for work completed and get more than one estimate before making a final choice.

There are still excellent repair services around with individuals who want to do a good day’s work for a good day’s pay. So shop around, and you will find the right engineer for the job.



Share
About The Author
Elizabeth Redfern
Elizabeth Redfern is a born and bred Londoner who loves the city life. She is a proud chocoholic who enjoys reading, jogging and eating - especially chocolate! Elizabeth attained a first class degree in Mathematics but chose to make a career out of her real passion, writing. She has published many poems and short stories, but decided to join the Cashfloat educational channel writing team because she is passionate about helping people take care of their finances leaving them free to enjoy the finer points of life - most notably (in her opinion), chocolate!
Blog disclaimer

We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

Information and data on this blog are for information purposes only. While we work hard to ensure it is accurate, we cannot accept responsibility for the accuracy, completeness, suitability or validity of any information provided on the blog. We will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided with no warranties and confers no rights.

If you feel that any of the information published on our blog is not accurate, please notify us via email at compliance@cashfloat.co.uk

Cashfloat is rated 4.82 stars by Reviews.co.uk based on 604 merchant reviews

4.82 / 5 Rating
604 Reviews
Quick and easy and gentle reminders when payments due
Anonymous
Friendly staff, very flexible payment.
Mr Eric M
This is brilliant. Great concept. Very convenient and fully transparent. A bit expensive, but great service.
Anonymous
Bottom content

Cashfloat is a trading style of Western Circle Limited - Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority. FCA full permission license: 714479. ICO Registration Number: Z3305234


* Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy. In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.


Representative example: Borrow £500 for 4 months. First monthly repayment of £172.09. Second and third monthly repayments of £229.45 Fourth monthly repayment of £114.75. Total repayment £745.74, interest rate p.a. (fixed) 226%. RAPR 695%. Our APR includes all applicable fees. Daily interest is capped at 0.75%.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

This site uses cookies. Find out more.