Buying or Leasing? The Advantages of Leasing Laundry Machines

A well-equipped laundry room is a vital part of any multifamily building. Whether it be an apartment complex or a college campus, everyone needs to wash his or her clothes. Depending upon the number of tenants, you will need enough washing machines and dryers to reasonably suit their needs. When it comes to obtaining such appliances, one of first questions many ask themselves is whether they should buy or lease. While both options carry unique advantages and disadvantages, there are many cases in which leasing proves to be the wiser choice. Here are some advantages of leasing laundry machines.

Hidden and Long-Term Costs

At first, it may seem that buying your washers and dryers would be the best choice economically. After all, once you purchase the appliance, it becomes yours forever without monthly payments, right? Although this is true, buying your washers and dryers outright may prove to actually end up costing you more in the long term.

Like any major appliance, washing machines and dryers break down, even with meticulous care. Coin slides may jam, money may get stuck and machines may become wobbly and noisy. Repairs for such issues are generally not under warranty for units that have been purchased. Parts may be covered, but other repairs can end up costing a significant amount. When you lease your machines, many repairs are covered, so you can put your money to better use.

Peace of Mind

In addition to unexpected repairs costing a substantial amount, they can cause unneeded stress as well. When you own your machines, repairs become your responsibility. By leasing, it will be much easier to contact professionals about necessary maintenance. You will be able to work with them to come up with a program to suit the needs of your facility so you can rest assured that you are getting the best service possible.

Although buying outright may carry some advantages, most people will benefit more from leasing their washers and dryers. Contact FMB Laundry today by calling 877-709-3599 or sending an email to [email protected] to learn more about great deals for equipping your laundry room.