Renting or leasing a washing machine
Need a new washing machine, but don’t have the amount of money in your bank account that is needed to buy a new washing machine right away? No problem, you can always rent or lease a washing machine. We explain where you can do that and what you need to pay attention to when renting or leasing a washing machine.
Renting or leasing a washing machine
If you’re looking for a new washing machine, you might be surprised by the price. A standard washing machine with an 8kg fill weight and energy class D will cost you almost €500. Of course, you would prefer a larger and more energy-efficient washing machine, but this can easily cost you more than €700.
The lifespan of a washing machine varies from 2 to 8 years, which is quite a difference. We all know someone who has had the same washing machine for 20 years, but also someone who has to buy a new one every year and in the meantime has all kinds of extra expenses for repairs and replacing parts.
If you are afraid that your washing machine will break down within a short period of time, you might start to hesitate about buying a new one. It is a big expense and you do not always have the guarantee that your washing machine will last for a long time or that there will be no additional costs for repair or service. In this article we will look at another option: leasing or renting a washing machine.
What is leasing a washing machine
Leasing or renting a washing machine is actually the same as with a car. Instead of spending a large amount of money to buy a washing machine, you can pay a fixed amount per month and still use the washing machine.
You enter into a contract that specifies the monthly costs and what you get in return. Is the washing machine broken? Then in most cases you just get a new one. Any additional costs, for example for service or if a part breaks down and needs to be replaced, are also included in the amount you pay per month.
This way you are able to use a good washing machine even on a small budget and you can save on electricity and water costs.
The advantages and disadvantages of leasing or renting a washing machine
Whether renting a washing machine is better than buying one depends on a number of factors for you. Suppose you don’t have the budget to buy a new washing machine, then leasing could be a good solution for you. Even if you do have the budget, but you are afraid that you will spend too much on repairs and service, you can see the advantages of leasing. In this section, we’ve listed the various pros and cons for you so you can make a good consideration.
The advantages of leasing a washing machine
- The biggest advantage of leasing a washing machine is of course that you don’t have to spend a lot of money at once. For a fixed amount per month you can still use that spacious and energy efficient washing machine. You do not have to make any concessions in terms of weight or energy efficiency, you can always go for the washing machine you want.
- In addition, leasing a washing machine is also very beneficial for the other costs. As soon as the washing machine breaks down, it is replaced for you and even when a part needs to be replaced or repaired, you do not have to pay for this yourself. The costs you pay per month for the washing machine are exactly what you spend on it, no more and no less.
The disadvantages of leasing a washing machine
- Renting/leasing a washing machine is more expensive in the long run than buying one yourself. For example a washing machine of €1250 costs €35 per month to lease and you also pay €99 for the administration, delivery and connection of the device, that means you pay €519 in the first 12 months.
- After 2 years you will have already paid €939 for the washing machine and another six months later you will have covered the full purchase price of the washing machine. Chances are that the device is still working well at this time and that means it would have been cheaper to buy it yourself at once. With leasing, even after you have reached the full purchase price, you still continue to pay €35 per month. Lease this washing machine for 5 years? Then that comes down to an amount of € 2100 and you can easily buy 2 washing machines for that.
Is renting a washing machine for me?
The choice you have to make is between spending a large amount of money once or paying more for the same machine in the end. Don’t forget to take into account that with renting or leasing, you don’t run the risk of your washing machine breaking down quickly and you also don’t have to pay for other costs, such as repairs.
Start the quick decision aid
find your ideal washing machine
Washing machine decision aid
What does it cost to rent a washing machine per month
What the monthly cost is to rent or lease a washing machine varies greatly. The price differences between different providers are very large, so it’s important to compare them before making a purchase. In this section, we’ve listed some features that may help you make your choice:
Is there anything free?
For example, with some companies they will bring and connect the washing machine for free, or you will get a new one for free if the washing machine no longer works properly. With some providers, on the other hand, you will spend almost €100 for the connection, delivery and preparation of the contract . It is also common that the repair is not completely free of charge and that you have to pay for example call-out charges when a part needs to be replaced.
There are also companies that offer a lot of extra free services, they move the washing machine with you when you move to another house. So always check what exactly is included in the price.
For how long should you rent/lease the washing machine?
Most providers indicate that you need to take out a subscription or sign a lease where you indicate that you will use the services for at least 1 year. There are also many companies that do not have contracts for 1 year, but where you have to sign for at least 2 or 3 years. In that case it is important that you carefully consider whether it is cheaper to rent or lease a washing machine or to buy it yourself.
In addition, when renting or leasing, you are often required to take out another subscription. Think of a subscription to detergent or a subscription where the washing machine is regularly checked for defects.
Is there a possibility to buy the washing machine?
Some providers also offer the possibility to buy the washing machine after the rental period of one year. The accumulated amounts that you have paid for renting the washing machine are not included, but you can often buy the washing machine for a lower price.
This is because the appliance is not always in top condition after use, and therefore the rental company cannot always offer it to someone else again. Instead of taking the washing machine back and selling or renting it to someone else, they will always try to sell it to you first. This saves the landlord a lot of money. They don’t have to come and pick up and/or store the appliance anymore.
For you it can also be beneficial, because the price of the washing machine is a lot lower and you in turn do not have to pay for the delivery of a new machine. If this solution is offered in your contract, it is a good idea to find out if it is advantageous for you. In this way you can avoid paying 3 times the purchase price of the washing machine.
When is renting a washing machine useful
If you are living somewhere temporarily, it might be beneficial to rent or lease a washing machine. In a temporary living space it does not always make sense to buy white goods, because it is not ideal. When you leave your temporary residence again, you have to move or sell everything with you and that can be very annoying. It is then much easier if you can have your washing machine picked up by the leasing or rental company.
Renting with several people
Another situation where renting or leasing a washing machine can be advantageous is when you live with several people. For example, in student houses where turnover of residents is high, renting a washing machine can be a convenient solution. The monthly costs for the washing machine can be included in the rent, so no one has to pay for the purchase all at once. If a tenant leaves the property, the cost of renting the washing machine is simply transferred to the next occupant. In this way, no one is stuck with the costs and everyone can still use a good washing machine.