HomeHome ImprovementWashing Machine Financing
Advertising Disclosure Acorn Finance receives compensation from some of the companies featured on our website, which may influence the presentation and order of the offers shown. Please note that not all loan options, savings products, or lenders are represented on our site.

Washing Machine Financing

Compare monthly payment options from several lenders in under 2 minutes.

How much would you like to finance?

Woman smiling at financial transaction on smartphone via Fiona Template.

Check Washing Machine Loan Offers

A washing machine is an invaluable appliance, so buying a washing machine on finance is a great option in a pinch. In fact, buying a washing machine on finance can even be a way to get a higher quality washing machine that will work better for your family!

Check Offers
Quick. Simple. Secure.

How To Finance A Home With Acorn Finance

How To Get Finance For Home With Acorn Finance
Security concept with shield icons across desktop and mobile platforms.
1

Pre-qualify

Fill out an easy online form to check for pre-qualified offers with no impact to your credit score
Concept of data sharing across desktop and mobile platforms.
2

Select offer

Compare terms and payment options to select the offer that’s best for you
Iconic online banking symbol depicted on computer and mobile screens.
3

Finish application

Complete your application on your selected lender’s website
Icon symbolizing monetary investment or support.
4

Receive funding

After your loan is approved, your funds should arrive within 1-2 business days2

Check offers
in seconds

Get pre-qualified for loan offers with an easy online form

Won't impact
credit scores

Checking offers will not impact your credit score

Competitive
payment options

Compare rates from our network of lenders

Receive
funds quickly

Same-day and next-day available for certain offers2

Compare Rates From Lenders in Our Network

Learn More About Washing Machine Financing

Here's what you need to know if you're considering buying a washing machine on finance.

Read more - FAQ

+

Can I finance a washer and dryer?

Yes! Financing a washer and dryer isn't difficult and a lot of people are using personal loans to help cover the cost of these important appliances. Washer dryer financing is a lot more common than most people think it is and loan providers are happy to provide specialized loans for these appliances.

Financing your new washer gives you the option of choosing to pay for your washer monthly instead of in one large upfront payment. Choosing to finance your washer dryer set, or just your washing machine can make it easier to get the kind of washing machine you need instead of settling for a cheaper appliance.

Some retailers may offer promotional financing for appliances. If the retailer you are working with offers promotional financing, you should listen to what it entails. In some cases promotional financing can offer a 0% interest rate for a certain term. While this can be considered the same as paying cash, you'll want to pay close attention to the terms. Promotional financing is often only available for a short term, resulting in high monthly payments. If you are unable to repay the loan in full during the promotional period, you may be charged extremely high interest charges.

Whether the retailer of your choice offers promotional financing or not, a personal loan may still make sense.

Should you finance appliances like a washing machine?

A lot of people worry that financing appliances isn't a good financial move and stress over the logistics of getting a new washing machine without getting a loan. The truth is buying a washing machine on finance is a good option for most people, as long as you get a good loan. That's why working with Acorn Finance to find a good loan provider can be extremely beneficial.

Financing can also be a good long-term decision because it makes it easier to get a high-quality washing machine that will likely last longer and work better. It can also be a good way to buy more eco-friendly machines that help lower your family's carbon footprint and utility bills.

Of course, the decision whether or not to buy a washing machine on finance is a big one. It's always a good idea to look over your finances and any loan offers you're given before committing to a loan.

How much should I pay for a washing machine?

Washing machines are an incredibly important appliance in your home. They are cost-saving and time-saving appliances that make it much easier to thrive. Without a working washing machine, you're left with the option of hand washing, a time-consuming and incredibly difficult process, or taking your clothing to a laundromat, which is also time-consuming and costly.
It makes sense to want to get the best washing machine you can when you consider how much time, money, and effort an in-home washing machine can save. But, in the heat of the moment right after your washing machine breaks down it can be tempting to purchase the most affordable options available. Unfortunately, cheap washing machines often aren't very good at their job and are more likely to break down and wear out faster than better-built washers.
Washing machines usually cost somewhere between $250-$2,500. That includes the cost of both new and used appliances.

There may also be a price difference between the two different types of washing machines. Front-loading washers are usually about $300 more expensive than similar models of top-loading washing machines. Here are the average costs of both designs:

Front Loading Washing Machines – Front loading washing machines usually start at about $400 and can go up to $1,500 or more for premium models. Most models fall somewhere between $800-$1,200 for a good model that's reasonably effective and durable.

Top Loading Washing Machines – Top loading washing machines are usually a little more affordable, but you'll still want to get a high-quality model if you want an effective washing machine. Most consumer models cost as little as $300-$600, though there are some more expensive models as well.

If you're being offered a washing machine for less than average for that type of appliance, remember that there may be something wrong with the machine, or that it may only last a year or two before breaking down.

How long should a washing machine last?

A good new washing machine should last longer than a cheaper model or a previously owned washing machine. If you choose to buy used, see if you can find out how old the machine already is to get a better sense of how long it may last.

New washing machines tend to last somewhere between 10-15 years, with most models surviving roughly 11-13 years of regular family use. Of course, that can vary a bit depending on what you're washing, how often you use the washing machine, and how well you take care of it.

The bad news is that some models of washing machines can be prone to failures or need costly repairs part way through their working life, which makes it harder to save for a replacement when you need one. One tip for buying washing machines is to look up reviews of your model, and similar models from the same brand, to see what real users are saying. That way you can get a better estimate of the actual life of the washing machine and what kinds of repairs are most common.

Does 0% financing for a washing machine hurt your credit?

Financing a washing machine won't necessarily hurt your credit, and choosing a 0% financing option isn't any more harmful to your credit than choosing any other type of credit. However, some people do notice that their credit scores go down right after they accept a new personal loan or another kind of financing.

That's not because of the nature of the loans themselves. Usually, when people see their credit scores go down after accepting new lines of credit it's because the new loan increases the 'utilization' of their credit. Using a high percentage of your available credit, or having high debts on credit compared with your account balances, can both lower your credit scores slightly.

The good news is that paying off those debts should bring your credit score back up, sometimes by more than it went down in the first place.

So, while financing for a washing machine can cause your credit to go down slightly in the short term, it shouldn't have long-term negative effects as long as you pay off your loan on time and make good financial choices in the meantime.

There's more good news here too. Checking for financing offers through Acorn Finance will not impact your credit score. That way you can look at your financing options without impacting your score and use that information to make the best decision for you.

Are expensive washing machines worth financing?

While financing isn't right for everyone, getting a better model of washing machine is one way financing can often help and may be a good financial move.

There are a couple of reasons washing machine financing can make sense. For one thing, the benefits of a good washing machine last for years, including the financial benefits of a lower water bill and longer-lasting clothing. Washing machine financing is also usually a relatively small loan, which means that your risk is lower than other kinds of financing.

Ultimately the decision to finance your washing machine or not is up to you. Everyone's situation is unique and it's a good idea to take a little time and evaluate the situation before deciding to finance your new washing machine.

How much can I borrow for washing machine financing?

Many people would like to purchase a washing machine and do not have the money for it. One of the most popular ways to finance a washing machine is by taking out a loan. The amount you can borrow usually depends on the type of loan or financing and what you qualify for.In most cases, you should be able to borrow enough to cover the washing machine, maybe even the installation too. The type of financing you use may depend on the amount you need to borrow. With washing machines ranging from $250 to $2,050, there are several types of financing that could be an option.
While personal loans are a popular way to finance home improvements and home appliances, you may need to borrow $1,000 or more. Whether you use financing offered by a retailer or a personal loan, you should be able to finance the washing machine and installation. You may even be able to finance an extended warranty. Before determining what type of loan is best, you should figure out how much your purchase will cost, including installation, delivery, and any other extras. At Acorn Finance, you can check personal loan offers between $1,000 to $100,000. If you use in-store financing, you should be able to finance a wide variety of amounts, it will just depend on what you qualify for.

Is washing machine financing worth it?

Washing machine financing can allow you to get the appliance you need while allowing you to make monthly installments. In some cases, financing can be extremely affordable. If you need a new washing machine and are short on cash, financing can be the solution you need. In most cases, replacing a washing machine is not something you plan for. In some cases, you may be remodeling or upgrading appliances. In this case, you may have some warning that you will be investing in new appliances, leaving you plenty of time to save up the cash you need. If you currently have an old washing machine, it's likely that it's not very energy efficient. Upgrading your washing machine can save you on your monthly energy bill.
If you only qualify for a high interest rate, financing a washing machine may not be worth it. However, there are several retailers that can offer competitive promotional financing that can make financing a washing machine a no brainer. There are also several lenders that can offer personal loans for washing machine financing that can be worth it as well. A personal loan is an especially good option if you need to replace several appliances or want to make home improvements in addition to purchasing a new washing machine.

How long can I finance a washing machine?

If you are looking to finance a washing machine, the period for repayment will depend on how much you need to borrow and what the lender can offer. People who want to borrow less than $1,000 usually have a short-term financing duration of 1 to 3 years. Those who want to borrow more than $25,000 often have a longer-term financing duration of five years or more. If you are financing a washing machine, you probably will not be spending anywhere close to $25,000. However, if you are financing a washing machine and making other home improvements, you may need to borrow $25,000 or more. In this case, you may want to consider one personal loan for all expenses. Some lenders can offer personal loan terms up to 12 years.
If you use promotional financing offered from a credit card company or retailer, you should understand what the promotional period is. They may make it seem like you have longer to repay the loan than you actually do. While you may be able to extend the repayment period, you probably can't extend the promotional period. You will want to repay the loan within the promotional period to avoid paying high interest and other fees.Promotional periods are often short. If you can repay the loan within the promotional period, this can be a cost-effective way to finance a washing machine.

Can I get washing machine financing online?

If you are using a personal loan, you should be able to secure financing online. If you want to secure financing online, you should work with an online lender. In addition, you should ask them about their process before applying. Some lenders may offer a completely online process. If you are financing with a retailer, they may advertise financing online but they may not allow you to complete the process online. Retailers often partner with lenders to offer financing to drive sales. While online sales are growing, many retailers still feel that they can sell you more if they can get you to the store. Therefore, many retailers will use financing as a lure to get you into the store.
Another option for online financing is finding a credit card with a promotional period. Some credit card companies may offer promotional periods with 0% interest. If you go this route, make sure you understand the terms. Oftentimes you need to spend a certain amount of money within a specified timeframe in order to take advantage of the promotional offer. In addition, if the balance is not repaid by the end of the promotional period, you may face high interest rates. Remember, lenders are motivated by money. If they offer something that sounds nearly free to you, always look out for the catch.

What are the pros and cons of washing machine financing?

In the past, if you wanted to buy a washing machine, you had to save up the money before you made your purchase. Today, many different financing options make it easier than ever to get a new or used washing machine. If you need a washing machine and don't want to dip into your savings or don't have savings, financing can seem like a lifesaver, and it very well could be. However, if you sign up for financing and can't afford a monthly payment, you may find yourself in trouble. Financing is designed to help make the things you need more affordable. While financing may cost more in the long run, not having what you need can also cost you in the long run.
If you have bad credit, or less than perfect credit, financing can help you improve your credit score. However, you may have to pay high interest rates. Whether you have good credit or bad credit you should make sure you understand financing terms and are able to repay the loan on-time. Otherwise, it's best to go without what you need.
Here are some pros and cons of washing machine financing:
Pros:
Get the washing machine fast
Available for most credit scores
Flexible payment terms
Cons:
Interest and other fees
It can hurt your credit if you don't pay on time
Risk of overspendingClosing Thoughts
Acorn Finance can help connect you to qualified loan providers that will make the process of finding and buying a new washing machine that much easier. Acorn Finance has trustworthy lending partners that can offer APRs as low as 6.99% and loan amounts up to $100,000, depending on your credit score. Individuals can discover simple and competitive payment options through Acorn Finance. At Acorn Finance, you can submit one application and receive loan offers in 60 seconds or less with no impact to your credit score. Once you have claimed the best offer and finalized the loan, you can receive funds quickly.

Rest easy knowing that you're able to afford a great new washer when you need one, with the help of washer financing through Acorn Finance's lenders.

Purchase a washing machine on finance. . . get started with financing today!

How Does Acorn Finance Compare?

Compare Rates From Top Lenders

$2000 Loan Calculator

Are you a contractor?
Generate more revenue with Acorn Finance.

Offer customers the ability to finance their dreams with zero dealer fees.

Get Started

Popular Home Improvement Projects

Barn Financing Options

One home, endless possibilities

MORE HOME IMPROVEMENT FINANCING OPTIONS

Personal Loan Information