SALT LAKE CITY (ABC 4 News) – Tis the season of savings, but buyers beware, falling for black Friday deals could cost you more in the long run.
The black Friday barriers are just now going up at the Best Buy in Salt Lake City, but some of the bargain-buying crowds have already earned themselves a spot in the front of the line. Thomas Gallegos and his family have been in front of Best Buy for two days now. He’s hoping to get a steal on a couple of televisions.
Gallegos said, “The 55 inch LED or there's like a couple other ones, but for sure the 40 inch, that one for sure."
If you're not at the front of the line for those door buster deals, financial experts say you might be better off staying home. That’s because you can find the big ticket items cheaper if you're willing to wait.
For example the best time to buy appliances is January. If your honey is looking under the Christmas tree for diamonds tell her to wait until Valentine's Day. February is the best time to find a deal on jewelry. Those looking for a big screen TV or other electronics experts say it’s best to wait until October.
Jane Driggs, President of the Better Business Bureau of Salt Lake City said, "I think it's probably because it is football season and people get ramped up into the sports."
Driggs says those TVs in the black Friday ads aren't always the top brands so it's best to comparison shop and be patient.
"Not just comparison shopping on the price, comparison shopping on the features and the brands,” explained Driggs.
Thomas Gallegos knows the TV he's waiting for may not be the best on the market, but he still believe it's the best deal.
It’s not really a brand name, but it's a pretty good deal for the size,” said Gallegos.
Many stores like Best Buy have a black Friday guarantee, which means if you purchase something and the price goes up by January 31st they'll actually pay you the difference.