W/D Rent? Buy?

I live in a 10-unit coop and we have a washer and dryer in the basement. We currently lease the machines for a total of about $65 a month and the company provides service when needed. The service is generally terrible given we’re hardly a big account for the w/d company. So we were thinking. . . would it make more financial sense for us to purchase a w/d outright? I mean $65 per month x infinity is a lot. p.s.: These units are used by only a few owners as several have w/d in their own apts. Thoughts? Thanks.

angelique.m.west

in General Discussion 8 years and 2 months ago

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dorkofwindsor | 8 years and 2 months ago

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or just buy a speed queen and be done with it.

BobMarvin | 8 years and 2 months ago

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If consumer machines are cheapeenough it might make sense to forget about the warranty and just pay for any repairs, replacing the washer or dryer wheniit’s toofar gone

daveinbedstuy | 8 years and 2 months ago

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“Consumer washer and dryers void the warranty if used in commercial manner” True. GE won’t warranty a standard water heater in a two family.

slopefarm | 8 years and 2 months ago

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That makes sense. 10 households sharing one w/d is a lot of usage. A consumer product may not hold up for long with that kind of usage.

mozeeatupu | 8 years and 2 months ago

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Consumer washer and dryers void the warranty if used in commercial manner and commercial washer dryers can be expensive

slopefarm | 8 years and 2 months ago

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I would add that it is worth buying the 5-year service contract to extend the warranty. While I agree with Dave, it is harder than it used to be to find quality washers with manual controls.

daveinbedstuy | 8 years and 2 months ago

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If you do buy them, get mechanical controls, not electronic touch pads. Much cheaper to repair if something goes wrong. Probably cheaper initial purchase too.

Arkady | 8 years and 2 months ago

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I’ve been reliably told by appliance dealers that the expected life on new units is about 7 years. Do the math w/ what costs of new ones would be vs. what you’re paying now.