Can You Sell Washers And Dryers To Pawn Shops?

NOTICE: This article was recently update with the most up-to-date information and has changed from when it was originally published in 2013.


Washers and dryers are a unique item to want to bring to pawn shops. It’s not often that most pawn shops will see these arrive, but in some larger businesses, they are welcome. Typically speaking, this is not an item type that is often considered, but under the right circumstances, may make for a great way to get some extra money together.

How 'Pawnable' Is This Item

What Value Does This Item Have

Washers and dryers rank ‘Very Poor’ on pawnability due to:

  • Their size and difficulty moving.
  • The relatively small number of pawnshops nationally that accept them.

They receive a value rating of poor due to:

  • The lower than expected offers for all but the nicest models.

What To Bring With You:

When taking these types of items to a pawnshop, you’ll want to bring:

  • Any warranty or original receipt information you may have if the appliances still carry a warranty of any type.
  • All of the parts (such as a lint filter or detergent basket) that is needed for the appliances to work as intended.

Statistics:

Percentage Of Pawn Shops That Accept This Item 20%
Percentage Of Pawn Shops That Consider This Item Desirable 20%
Average Redemption Rate For This Type Of Item 30%
Percentage of Households That Have This Type Of Item 90%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 30%

At roughly 20% nationally, not many pawn shops accept these types of items. It will typically require a larger store with plenty of storage for them to consider it. Most pawn shops don’t consider them overly desirable due to their size and difficulty moving around a storage area.

The redemption rate for items this size is also lower than the average item type. This can be due to:

  • The size and difficulty moving these types of items (no truck/van available.)
  • The fact that if the customer didn’t need these items while they were in pawn, they may have found an alternative means for taking care of their laundry.
  • A degree of additional financial hardship on the customer beyond the state they were in at the time or loan originally.

90% of households have these items. This figure does not take into account residents of multi-family dwellings.

More often than not, this type of item is sold versus pawned.


What Are Some Advantages To Pawning This Type Of Item

  • The highest end models in like-new condition, that are still under warranty, can often fetch a good amount at a pawn shop.

What Are Some Drawbacks To Pawning This Type Of Item

  • Moving items this size can be difficult for most people.
  • Lower than expected pawn values for most mid and low tier models.

Pawn shops tend to take a lot of merchandise but when you are talking about appliances like washers and dryers, very few pawn shops will take them in. They are normally just too big to store many of.

2 or 3 sets will take up a lot of space, and they aren’t incredibly valuable – maybe $200-$300 for the set in most cases.

So no, washers and dryers aren’t commonly accepted by pawn shops. That’s not to say that all pawn shops are the same way though

In fact, I do know that SOME pawn shops will take in washers and dryers, as well as other appliances. It’s just the nature of their business really.

If you want the best chances of success then you will probably want to deal with pawn shops that have larger physical buildings and spaces as they are the most likely to be able to store large items like these.

Call Ahead

Make sure you at least call your local pawn shop to see if they buy or sell washers and dryers. You never know, you may have a large pawn shop in your immediate area that will take them in as collateral on loans.

And if they take them in, then you know they will probably sell washers and dryers as well. It’s just one of those things that you will want to ask about.

If They Do Buy Them…

If you are luck enough to have such a pawn shop in your area that deal with appliances, make sure you do the basic inspection and cleaning of your washer or dryer before you take them in. This is one of those areas where you will want to pay special attention.

Go through all of the functions and make sure that the appliances are working 100% in every mode. The last thing that you want to do is load up a couple big appliances just to find that they something on them doesn’t work right and get denied by the pawnbroker.

Clean them well. Wipe the inside and outside out, and clean the lint trap make sure there’s nothing in them that might look like neglect when the pawn shop is inspecting them.

Here again, it would be horrible if you loaded them up and then the pawn shop didn’t like what they saw and denied the loan or sale. It little attention upfront can solve or prevent a lot of problems later.

 How Much Will A Pawnshop Pay For A Washer Or Dryer?

washerdryerPart of the price will determine on the usual questions.

  • Does it work properly?
  • Is it in good condition?
  • Are there a bunch of dings, dents and scratches?
  • Is it newer?

Once they’ve determined all of that, if it’s in good shape and modern – you will probable be looking at $75-$150 for either the washer or the dryer. You can expect $100-$300 for the pair under normal circumstances.

The Nerd’s Experience

There aren’t many loans done on big, bulky items like these. When they do come in, they normally aren’t very clean… If you do take appliances into the pawn shop, make sure they are very clean.

Go over it twice just to be sure. Appliances are tough loans for the pawnbroker to make most of the time because of how many things can go wrong with them – so eliminate any concern or abuse upfront and present them as well as you can.

Make sure you call ahead though – that’s really important in this case. Very few shops that I know of deal with such large items.

Thanks as always,

Brian