Whether it is worth fixing a 20 year old dryer depends on repair cost, dryer type, and safety considerations. Generally, most appliance professionals advise replacement rather than major repair at 20 years because the average dryer lifespan is 10 to 13 years, so at 20 years you have already doubled its expected life and other components are likely near failure. If the repair is minor and inexpensive, such as a $15 to $30 thermal fuse, $20 lint filter, $30 to $60 drum belt, or $20 to $50 idler pulley or roller set, and you can do it yourself, it can be worth fixing to get another year or two. However, if the repair requires a $200 to $400 control board, $150 to $300 heating element plus labor, $200+ motor, or $300+ gas valve assembly, it is not economically sensible, as a new basic dryer costs $600 to $900 and a high-efficiency model $900 to $1,300 with far better energy efficiency, moisture sensors, and safety features. A 20 year old dryer also lacks modern fire safety sensors, uses more electricity, and may have deteriorated venting and wiring that pose a hazard. Additionally, parts for 20 year old models may be discontinued. A good rule is if repair cost exceeds 50 percent of replacement cost, replace it.
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