A refrigerator lasts about 13 years on average, according to a study by the National Association of Home Builders. When a unit well short of that age has a failed fan, defrost part, valve or control board, repair is usually the sensible choice, since those fixes generally cost much less than a new refrigerator.
Near the end of that lifespan, or when the compressor fails on a basic model, replacement may make more sense. Built-in and panel-ready refrigerators lean the other way: they are costly to replace and are fitted to custom cabinetry, so repair is usually the better value. Our firm quote gives you a clear number to weigh before you decide.