Sometimes, we don't know whether we should buy a new one, or try our luck to replace goods. Yes, I would have such problem of decide so. If we are bad luck, end up the we pay even more of repair before we buy new one. If we are good luck, we just save the money of buying a new one.
I would say we will take certain risk when we repair the goods. Let say I bought a Notebook on last 3 years ago and the default 2-years warranty was expired. The hard disk was malfunctioned and I replaced a new one with RM250. 1 month later, the DVDR-W is malfunctioned, I replaced a good one using RM380. And 4 months time, the notebook LCD broken, and I replaced it with RM700. Fine, and after 6 months, the motherboard broke down, and I need to spend RM1,800 to replace a new one. Since I already spent RM1,330 on the Notebook along this year, should I still repair the board, or just buy a new one?
Lifespan of a man, it's a curve!
1. It's the new one worth?
2. What is the total cost of repair?
3. What's its lifespan?
4. Can we live without it?
5. The green impact?
How true they are. Let's use the Notebook example just now. A low/medium end Notebook lifespan is about 3-5 years (I'm talking without extra luck here). Since the Notebook is already 3 years old, the lifespan in fact is actually ended. Since a new Notebook with better specifications only cost us about RM2,000, why we still bother to spend more than 10% to change a malfunctioned hard disk?
If the goods are broken within the lifespan, we can always replace it, provided the cost of repair is far below the new one, like 30%? Just apply the questions above and you will find the answer you want.
We save on how much we spend, not how much we save. Hah! I don't get it.
In fact, we can always understand the goods lifespan, or request to extend the warranty of the goods when we purchase a good. If we get the picture clear, we will able to handle this issue easier.
Below are the list of goods lifespan for your reference (taken from Personal Money Oct 2008).
| Lifespan (years) |
Appliances | |
Dryers | 13 |
Refrigerators | 13 |
Dishwashers | 9 |
Microwave oven | 9 |
Cabinets | |
Kitchen cabinets | 50 |
Masonry | |
Brick walls | 100 |
Coutertop | |
Cultured marble countertops | 20 |
Natural stone countertops | Lifetime |
Electrical | |
Electrical accessories and lighting controls | 10+ |
Flooring | |
Carpet | 8 to 10 |
Marble, slate and granite flooring | 100 |
Home technology | |
Built-in audio system | 20 |
Security systems | 5 to 10 |
Fixtures | |
Lavatory | 20+ |
Flooring | |
Laminate | 15 to 25 |
Tile | 75 to 100 |
Paint | |
Exterior and interior | 15+ |
For the rests of the goods not listed above, you can always check them from the Internet or different merchants.
Cheers.