4 Heavily Discounted Goods: What You Should Never Buy at Full Price

Always look for the deals, know when and where to find them -- and don't forget to haggle.

Mar 16, 2014 at 3:30PM

There are some items you should simply never pay full price for. Not only can you find these items on sale frequently throughout the year, but it many cases you can also negotiate a deal for them or find them at a cheaper price by comparison shopping.

Whether you're buying a new mattress because your old one is so worn out that it's ready to walk off the platform by itself, or you're simply looking for a new model that will give you a better night's sleep, never pay full price -- there are plenty of mattress deals, even on name brands, to be found.

Pass any mattress store, and you'll probably see a big, red sale sign in the window -- mattresses, which have at least a 70% mark-up price, are most always on sale and retail even cheaper on holiday sale days, including Black Friday, Memorial Day, Labor Day, and Presidents Day.

Consumer Reports, for example, states in its Mattress Buying Guide that if you wait for a mattress sale, you can save at least 50% off the list price, but buyers should be cautious about pulling out their wallets right away, because a deal on a mattress isn't always what it seems.

Consumer Reports points out that mattress manufacturers "modify innerspring mattresses for different sellers, changing the color, padding, quilting, and pattern." So that mattress with a blue cover that you fell in love with may be cheaper at a different store -- it just has a different name, and that blue cover is white.

Mattress prices also have price tags that can be negotiated. Forbes listed it as one of five things that consumers can haggle for because mattress salespeople are paid on commission and given the authority to negotiate. And after your move them down on a price for the mattress, ask for free delivery and removal of your old mattress.

If you're looking for a high-end dishwasher, washing machine, or dryer, or one that will just get the job done, be sure to scour advertisements and the Web for the best deal, because they are at your fingertips.

Appliance sales, like mattress deals, can always be found on holidays.

For example, a Maytag Centennial 7-cubic-foot dryer this past Black Friday was selling for $399 at Lowe's and this month is selling at the same store for $100 more.

The same is true of dishwashers. On Black Friday, Sears offered a Kenmore Elite 24-inch, built-in stainless steel dishwasher for $699. That same dishwasher in February was retailing for $899, a $200 difference. Since you'll only be buying appliances once every few years (hopefully), you're best off buying on a big sale day.

The price of appliances can also be negotiated. After speaking with buyers, Consumer Reports found that 75% of those who haggled over a price of an appliance where able to talk the salesperson down, saving, on average, $100 for a major appliance and $50 on small appliances.

Appliances are also items that often come with mail-in rebates. For example, Lowe's lists current manufacturer rebates on its website, including a rebate for a General Electric oven for $1,000.

Designer handbags
They say that diamonds are a girl's best friend, but in some cases, it is a designer bag that's her real matchless sidekick. But, like diamonds, designer handbags are costly, retailing in the thousands of dollars, but it isn't necessary to pay full price for that perfect, authentic clutch.

A number of designers, including Michael Kors and Coach, stock outlet stores full of bags that can be purchased not only at a discount, but also at an even lower price when you present a coupon.

The designers themselves also offer end-of season sales, slashing prices. And bags can also be found for 20% off on certain websites, including Overstock.com.

And if you're OK with buying a used designer bag, there are a number of high-end consignment shops that sell hardly used designer bags at half the price.

It doesn't matter if you're in the market for a new couch, armchair, or kitchen or dining room table -- you can find it at a discounted price.

The price you pay for your new furniture can be negotiated with salespeople, and you can find deals on major holiday shopping days, as well as throughout the year.

In fact, Consumer Reports indicates that the best time to buy indoor furniture is during February, a month that furniture retailers most often release new items and older items are marked down from, in some cases, a 200% mark-up.

Using a simple online search or a price-comparison app, you will find that any furniture item can be found for a cheaper price. A La-Z-Boy Acme Arcadia chocolate microfiber recliner armchair, for example, can be purchased for $210.27 at Amazon.com, $179 at Wal-Mart, or $223.99 at AMB furniture.


The Motley Fool recommends Amazon.com, Coach, and Michael Kors Holdings and owns shares of Amazon.com, Coach, General Electric, and Michael Kors Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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