For me, shopping is a year-round sport.
Stores drop prices and offer promotions throughout the year but knowing when and why retailers are highly motivated to clear their stock is a critical part of my buying strategy. Often stores keep old inventory when new models hit the floor but once the new year hits, retailers get aggressive about discounting and moving last year’s stock.
To that end, major appliances are typically at the lowest price point in January, with the exception of refrigerators because most new fridge models roll out in the summer.
The majority of furniture companies release new products twice a year — in February and August so January and July are great times to buy floor models.
I’m a big believer in shopping for off season items. For instance, now is the best time to buy air conditioners and grills. The only downside is that the selection is usually limited.
Electronics that weren’t purchased during the holidays are also deeply discounted. In fact, retailers will be running promotions for HDTVs and home theater systems for the Super Bowl.
One way to take advantage of increased competition during these promotional seasons is to scour ads for deals and ask for a price match from a store that offers free delivery and installation.
I’m a pretty tough negotiator and follow the old adage that ‘it never hurts to ask.’
I don’t consider it a win unless I get at least 50% off the manufacturer’s suggested retail price (MSRP).
Having such high bargain standards requires a great deal of research and patience but waiting for the right time to buy is always worth it.
What’s the best deal you ever scored?