Thread Number: 72361  /  Tag: Modern Automatic Washers
Low Resale Value on Used Speed Queen Washers and Dryers
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Post# 956362   9/6/2017 at 01:37 by pumpkina (California)        

I'm perusing craigslist and see several Speed Queen washers and dryers for less than $200 (see my prior post about one). They claim to work and appear to be in decent shape.

However, this price isn't that much more than a used Whirlpool/Kenmore in similar condition and age.

Any insights as to why 10 year-old Speed Queens lose so much value on resale?





Post# 956363 , Reply# 1   9/6/2017 at 02:32 by DaveAMKrayoGuy (Oak Park, MI)        
Somehow might make sense... (Somehow really doesn't...)

daveamkrayoguy's profile picture
I don't know why... Maybe Speed Queen isn't in as big demand despite a lot of the newer (newest) ones being relatively as well-built...

Perhaps not as many had been sold, so not as many parts/supplies--not even as nearly, as many comparable Maytags & GE's...


-- Dave


Post# 956364 , Reply# 2   9/6/2017 at 02:35 by mrsalvo (New Braunfels Texas)        

It could be your location also, if California still has high water rates many might have switched to HE models to cut utility costs, therefore lower resale values.



Post# 956365 , Reply# 3   9/6/2017 at 02:59 by DADoES (TX, U.S. of A.)        

dadoes's profile picture
 
Used appliances by-and-large don't have much resale value.


Post# 956374 , Reply# 4   9/6/2017 at 07:19 by combo52 (Beltsville,Md)        
Low Resale Value Of Used Appliances

combo52's profile picture

As Glen mentioned appliances have very poor resale value, people always talk about what percentage you lose if you trade a 1 YO car in, well I figure that you would be lucky to 1/2 of what you paid back on almost any used appliance in less than one year.

 

To suggest or prove that SQs have lower resale value you would have to average at least a few hundred resales to get close to a real number.

 

We find at our dealership we can easily get an extra $50-300 for used SQs over any other brand of used laundry appliance we sell.

 

John L.


Post# 956385 , Reply# 5   9/6/2017 at 08:44 by rapunzel (Sydney)        

Apparently the opposite is the case here in Oz. According to a mate of mine, who repairs and reconditions Speed Queen washers, second hand Speed Queens with warranty, sell for close to a thousand dollars and are much sought after. Speed
Queen is now the only traditional American style top loading agitator washer on the Australian market. There are still a lot of people around who want the simplicity, sturdiness and functionality of that design and they are prepared to pay for it.



Post# 956396 , Reply# 6   9/6/2017 at 10:46 by pumpkina (California)        

Thanks.

Combo52, what city/county is your store located?


Post# 956399 , Reply# 7   9/6/2017 at 11:10 by Lorainfurniture (Cleveland )        

I get a bit of a premium for speed queen here in Cleveland.

Post# 956408 , Reply# 8   9/6/2017 at 13:03 by Yogitunes (New Jersey)        

yogitunes's profile picture
I paid 25.00 a piece for mine......they were Speed Queens, made by Alliance.....nothing more had to be asked!

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Post# 956412 , Reply# 9   9/6/2017 at 13:13 by Tomturbomatic (Beltsville, MD)        

$200 for a 10 year old washer seems like pretty good money.


Post# 956417 , Reply# 10   9/6/2017 at 14:37 by Yogitunes (New Jersey)        

yogitunes's profile picture
the thread from this one is a set for 100.00.....SQ washer and a Maytag dryer....for 50.00 each, you can't go wrong with either one....

you could re-sell the dryer for 100.00 and not cost you a dime...


comes down to two things, snooze you loose, and money talks!

I guess it depends on areas, but used Speed Queen washers don't come around all that often for sale.....luck is maybe once or twice a year.....


CLICK HERE TO GO TO Yogitunes's LINK


Post# 956643 , Reply# 11   9/8/2017 at 14:34 by Yogitunes (New Jersey)        

yogitunes's profile picture
asking $800.00.....really nice clean set.....

CLICK HERE TO GO TO Yogitunes's LINK on Chambersburg Craigslist


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Post# 956647 , Reply# 12   9/8/2017 at 14:50 by pumpkina (California)        

Thanks

What is "HD Commercial?"

Any idea on the age of those washer/dryers?

Is there a way to tell whether the dryer is gas or electric, based upon the photos?



Post# 956699 , Reply# 13   9/8/2017 at 23:11 by agiflow2 (iselin, nj)        

I would say 2013 at least. I bought my set in 2013 and they have the same type of controls as these. I got the model with the extra rinse switch model 432. Great washing but honestly,...I wish it was a better rinser. I am using Tide and even with smaller dosages I usually have to do an extra rinse. Otherwise these are modern classics.

Post# 956721 , Reply# 14   9/9/2017 at 04:16 by askolover (South of Nash Vegas, TN)        
HD Commercial

askolover's profile picture

is "heavy duty commercial quality" because the SQ machines you see in a laundromat are the same as ones sold for home use sans coin/card processors.  Here I rarely see SQ's on CL but when I do they are "only a few months old" and they want practically new prices for them.


Post# 956734 , Reply# 15   9/9/2017 at 05:34 by Launderess (Quiet Please, There´s a Lady on Stage)        

launderess's profile picture
Just off the top of one's head:

newjersey.craigslist.org/app/d/s...

hudsonvalley.craigslist.org/app/...

boston.craigslist.org/search/ppa...

longisland.craigslist.org/app/d/...

westernmass.craigslist.org/app/d...

vermont.craigslist.org/app/d/spe...

chambersburg.craigslist.org/app/...

You can see, well you can see we are awash in SQ washers and dryers here in north east. As for prices there is quite a range.


Post# 956819 , Reply# 16   9/9/2017 at 19:05 by Huebschman (Quebec, CA)        
Resale Value on Used Speed Queens

In 2009 I bought a Huebsch set (432 washer and 30R dryer) for $1640.00 w/o taxes. Still satisfied with my purchase but back then , everybody I told about my new purchase told me I was crazy to pay this price for a TL set.

That made me think how much would I get if I had to sell them in a year or 2. Checked the classified and for $500 I realized I would be asking too much due to the unfamiliarity to the brand and the fact that you can get a cheap brand new TL set for $600 or less.

That... to bring you to my next point. I paid $1040.00 for the washer and $620.00 for the dryer. Higher prices in CA... no biggy, we're used to it.

Now 2017.. the 432 with mechanical controls sells for $1500.00 and dryer for $1300.00! The only difference: Normal ECO wash, 15 yr vs 10 trans warranty and a light in the drum.

I wrote to Alliance several times on different subjects and always got a quick answer. But when I wrote 3 times about MSRP in CA through 3 different websites... zilch!!! And I know they have them for the US.

Please share your prices in your region (forget online purchase).



Post# 956821 , Reply# 17   9/9/2017 at 19:14 by jkbff (Gladstone, ND)        

jkbff's profile picture
The 432 set sells for 849 for the washer 749 for the dryer. This is sw north dakota.

Post# 956827 , Reply# 18   9/9/2017 at 19:57 by Lorainfurniture (Cleveland )        

Pretty similar pricing in Cleveland. I believe mine are $869, $750 for dryer.

Post# 957685 , Reply# 19   9/15/2017 at 17:25 by Huebschman (Quebec, CA)        

Seems like they put the higher price on the dryer and keep washer's low. A $100 difference between W and D!... I an sure a washer costs way more to manufacture...




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