Welcome to the Repair or Replace Calculator! This handy tool is designed to help you make informed decisions about whether to repair or replace your household appliances. By taking into account the age, original cost, and repair cost of your appliance, along with its type, our calculator provides a clear recommendation on what might be the most cost-effective option for you.
How to Use the Calculator
Enter Years Owned: Input the number of years you have owned the appliance. This helps us determine how much useful life is left in the appliance.
Enter Original Cost: Provide the appliance's original purchase price. This value is crucial for calculating its remaining value.
Enter Repair Cost: Estimate the cost of the necessary repairs. This will help us compare the repair cost against the remaining value.
Select Appliance Type: Choose the type of appliance from the dropdown menu. Different appliances have different life expectancies, which are factored into our calculations.
Calculate: Click the "Calculate" button to get the result. Our calculator will analyze the data and provide a recommendation on whether to repair or replace the appliance.
View Results: The result will be displayed both as a text recommendation and a visual representation using a doughnut chart. The chart compares the remaining value of the appliance to the repair cost.
Using this calculator, you can make more informed decisions, potentially saving money and ensuring your appliances are functioning efficiently.