Which is the best option for saving money: renting a washer & dryer, buying used ones, or the laundromat?

Question

The prices I'm working with are about $1 each for a wash and dry, or rent them from an apartment complex for ~$25-30. I haven't checked an outside rental company for prices yet. Also, if I were to buy, I'd probably keep them for at least 4 years.

Answer 1

I would recommend purchasing a used washer and dryer. The laundromat cost will add up, and it is a hassle! By the time you rent for a year from your apartment complex, you will probably have spent the same amount as if you had purchased used ones. Don't even bother checking outside rental companies. With the interest charges, you will end up paying more than if you had just outright bought a NEW washer and dryer. One more benefit of owning your own is that when you are ready to get rid of them, (no matter how old they are) you can always sell them to get a little bit of your money back.

Answer 2

we bought a used washer and dryer for our son for his first apartment off of craigslist.org in our area for $300.00. they were a very high quality and it was cheaper than driving to a laundromat, waiting for the washer and dryers and plugging in quarters or renting them from the complex. i don't know how much it costs to rent them but i am sure its expensive. the thing is once you are finished with them you can donate them and take it off your taxes or sell them to someone else. if you think about it for 4 yrs. that is 208 weeks, if you do two loads a week and it costs $1.00 to wash and a $1.00 to dry then that is $2.00 per load, twice a week - $4.00 per week times 208 weeks is $832.00. now we both know that most ppl do more than two loads a week and its costs more than $2.00 to wash and dry so it would be a lot more. and thats not considering the cost of detergent, softeners and the hassle...my advice look up craigslist.org or freecycle.org and follow the links to your area and see if anyone is selling or giving away a washer/dryer. when you get them home wipe both down inside and out with a anti-bacterial soap and warm water then spray with lysol.

Answer 3

Definitely buy a used washer and dryer. You will probably be able to find one near you at: http://www.craigslist.com.

I rented mine for three years previously and could have purchased a really nice set instead. Then I brought my clothes to the laundromat but that was costing $20/week. Now I've purchased them and they will last for ages.

Answer 4

Look at the prices of used appliances and compare that to what you will spend at a laundromat. It depends upon how many loads of laundry you do in a week and the convenience of not hauling tubs of laundry out of your home. Most used appliances will have a warranty for 30 days to one-year, depending upon the dealer.

Answer 5

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Answer 6

The best way to save money is to purchase your own washer and dryer. And to further save money hang your clothes out to dry on a clothes line out doors when the weather permits.