How much do you pay for appliances? When you’re in the market for new white goods, it pays to consider the running cost as well as the upfront cost of the item. At least that’s the standard advice and what I would have said also. Well, I’ve crunched some numbers comparing three top brand washing machines to see just how much running costs affect the overall cost of purchasing appliances.
For this example I have looked at two front loading and one top loading washing machine. I have compared their initial purchase price and the energy and water consumption of each product.
The energy consumption and water consumption come from the product specification sheet (or you also can find it on the star rating sticker). The kWh per year as per the specifications is based on 365 washes on a warm wash cycle, so I’ve calculated the water consumption on 365 washes also.
You may not wash warm, and you may not wash 365 times a year, however this gives a common baseline for making comparisons between brands.
The calculations are based on the following:
- All three washing machines have an 8kg capacity
- Brand A and B are front loaders
- Calculations are over a 10 year period (assuming a 10 year lifetime)
- I have calculated the running cost according how much I pay for electricity (17c per kWh as per my latest electricity bill) and how much I pay for water ($1.35 per kilolitre as per the last rates notice).
|Brand||Initial Price||kWh/Yr @ 365 washes||Water Consumption||Running Cost||Total Cost|
|Brand A||$1,499||330||57 ltrs per wash||$841||$2,340|
|Brand B||$1,349||367||69 ltrs per wash||$964||$2,313|
|Top Loader||$999||555||81 ltrs per wash||$1,342||$2,341|
Despite the common conception that you will save money by buying the more energy efficient and more expensive washing machine the above results show very little difference in overall cost between each machine.
There are however a few other variables to consider:
- Brand A has and LCD display screen, extra wash cycles and a patented water spray system. If you are looking for these extras, then it might be greater value for money.
- Your state may offer a water efficiency rebate on Brand A (the only one with a 5 star water rating) making it the cheapest option. For example, NSW offers a $150 rebate for 5 star washing machines making the total cost of Brand A $2,190.
- The calculations are based on a ten year lifespan. One brand or model may be a better make than others and last longer or have a better guarantee. The longer the lifespan, the better value for money.
- We’ve only considered the money savings, not taken into account environmental impact. Of course, from an ecological perspective, Brand A is the best buy.
- This comparison doesn’t take into account sales prices, haggling, price matching etc.
Numbers don’t lie (ok, they do sometimes, but anyway…) I still think it’s a good idea to do a comparison of running costs when looking for the best value appliance, although as the above data suggests, it might not be the big determining factor as is often claimed.
Melissa Goodwin is a writer and the creator of Frugal and Thriving who has a passion for living frugally and encouraging people to thrive on any budget. The blog is nine years old and is almost like her eldest baby. Prior to being a blogger and mum (but not a mummy blogger), she worked as an accountant doing other people’s budgets, books and tax.