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 (Happy Rock, 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...

Post# 961053 , Reply# 20   10/7/2017 at 03:38 by johnrk (Houston)        
432 price

I live a short distance outside Houston. In my city of 35,000 we have Lowe's, HD and a private appliance store. I just bought my 432 and matching dryer from the local dealer last week and in fact the washer was installed today, the dryer the end of last week. I paid $1913.74 but that is with the state and local taxes in there (my city tax is around 8.5%,TX sales tax 6.255). I called a large privately owned appliance store in Houston and they offered the same pair out the door for $1600 total. Problem was, after delivery by-the-mile was figured in for out-of-town it was over $1800 so I bought from the local business. My decision was whether to go with the 432 and the mech timer or pay $20 more, get 2 more years of warranty and get the electronic panel. Seeing as the electronic panel on my last FL malfunctioned for the last 3 years without being able to be repaired, I wanted knobs like I had in the dim, distant past. Loving this new machine. Dryer tends to over-dry.

Post# 961066 , Reply# 21   10/7/2017 at 05:30 by DADoES (TX, U.S. of A.)        

dadoes's profile picture
 
(my city tax is around 8.5%,TX sales tax 6.255)
Just to say, I believe the legal aggregate maximum is 8.25%.  TX state is 6.25%.  My locality is 1.5% city and 0.5% county for the 8.25% total.


Post# 967017 , Reply# 22   11/9/2017 at 11:51 by agiflow2 (iselin, nj)        

When I bought mine in Metuchen NJ I paid $849 for the washer.


Post# 967034 , Reply# 23   11/9/2017 at 13:52 by brucelucenta (Queen Roberta has blocked me from posting, so not likely to)        

Used washers and dryers are just that, used washers and dryers. Regardless of the brand there is no real resale value for them. It isn't like a house or car.

Post# 967047 , Reply# 24   11/9/2017 at 15:39 by rapunzel (Sydney)        

"Used washers and dryers are just that, used washers and dryers. Regardless of the brand there is no real resale value for them. It isn't like a house or car."

That depends. If a particular style of used product is sought after and people are prepared to pay - the cost goes up. There are businesses that restore old stoves and fridges and they seem to be doing brisk trade. Not to mention that their finished product isn't on the cheap side either.

Old stereo systems are also coming into vogue again as millennials are discovering the superior sound quality of vinyl over i-pods.

It all depends on where people see value and it doesn't always have to be monetary. People are getting bored with mass produced, generic products and not everything 'modern'is necessarily better than what came before.


Post# 967050 , Reply# 25   11/9/2017 at 16:30 by agiflow2 (iselin, nj)        

Good post rapunzel

Post# 967054 , Reply# 26   11/9/2017 at 17:26 by Real1 (Eastern WA)        

Old stereo systems are also coming into vogue again as millennials are discovering the superior sound quality of vinyl over i-pods.

 

This is something I know about and have been in this hobby since they were new. There was a resurgence in vinyl for a couple of reasons. One, they produced those cheap USB turntables that could plug into your PC/laptop. That give millennials instant access to something from the past-cool factor. Two, the reissue 180 gram albums have given those of us with decent turntables, new ways to listen to our old music. Trendy movies even recent, often show turntables spinning music. You still see an occasional movie showing R2R's reeling, but nothing like TT's. Again, cool factor

 

On the other hand, most vintage stereo gear needs to be fully gone through and components replaced after all this time. This is expensive and if not, you're gonna get screwed. Plus....tape whether it be R2R or cassette is on the way out and has been dying a slow death for decades...if you go by the #'s. Biggest reason for that is the decks are the most complicated of vintage stereo gear and need someone trained in working on them. The tech schools haven't trained  students in analog technology for decades. A lot of the old analog techs are dead or retired.  This situation is only getting worse.....the more complicated the old deck, the harder it is to find techs. Right now there are about a half dozen techs in the whole country that can adequately work on Nakamichi decks, for example.  Think of that...six people.

 

Yes, there are boutique studios still recording in analog and even many rock groups still make records available to their fans. And there is seemingly no limit to how much very well heeled (often very stupid about audio) customers will pay for present, top-end analog gear. But when you talk about the masses....analog already died a slow death. Niche marketing though being what it is, still gives us tape & records for now.

 

We have always been a nation about convenience...one format replacing another because it's 'easier' to use or because the Madison Ave boys told you it was better. But you can't bring a dead format back if there's next no one around to fix the units. Some things you can school yourself in and fool & poke around...not analog decks and generally not sophisticated receivers and separates.

 

Kevin


Post# 967250 , Reply# 27   11/11/2017 at 00:56 by tolivac (greenville nc)        

Newer "cheap" TTs---AVIOD-AVIOD these like the plague!!!!!!They can DAMAGE your records.Buy an older TT and fix it up-This would be MUCH better.New record users will get disappointed with a "new" TT over an older one.

Post# 967251 , Reply# 28   11/11/2017 at 01:15 by Combo52 (Beltsville,Md)        
Damage your records?

combo52's profile picture
Hi Rex, what records are we talking about?

Post# 967254 , Reply# 29   11/11/2017 at 01:36 by tolivac (greenville nc)        

Any and all records!!!!I won't use a new TT-esp those so called "Crosley" ones!!!!!Use a VINTAGE TT and you will be better off-I have seen used TT's at thrift shops,swap shops,and even yard sales.Most are not hard to fix up.Most of the time a new belt or clean the rubber idler wheel.Replace the stylus or cartridge-you should be good to go-checking the stylus pressure and tracking is a god idea,too.A bad stylus can wreck records in a hurry!If you must buy a new TT-the higher priced models are best-some have the digital convertor built in.Also its hard to make a TT that holds speed while playing if it is powered by a dinky wall wart supply or the USB plug from a computer.And the tiny motor won't last long like a 120V motor will.And the 120V motors can be rebuilt-relubed.New TT's with all plastic arms just can't track properly or hold the proper tracking force.




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