Electronics change on a regular basis, with new and improved models being released at a faster rate than in the past. This is partially due to the advances and improvements in technology. Since people are upgrading more often, it does not take long before you end up with a closet full of unwanted devices. Instead of tossing these into the trash and letting them end up in a landfill, electronics can be recycled for cash. What I may not know is that every day my electronics are sitting and collecting dust, they are continuing to depreciate and lose value. If I no longer have any use for them, it is better to sell my device sooner, rather than later, to get the most cash out of it.
The amount of money I am offered when I sell my device depends on several factors such as:
- The product life cycle — This is the number of years the manufacturer expects consumers to use the device for before upgrading to a newer model. For example, I could have an iPhone 4 and want a new iPhone 5. Because my iPhone 4 still can be used for several years, it will be worth more than an iPhone 3.
- Overall condition of the device — Devices that still work correctly, have no damage and a cosmetic condition of like-new or good, fetch a higher price compared to those with some operational issues, damage, or which are in fair or poor cosmetic condition.
Even if the device is broken or no longer works, it could still have some cash value. It is worthwhile to check, because I would rather put a little cash in my pocket and recycle it.