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Selling Your Old Tech Devices

(MoneyHippo.com) – Did you know it’s possible to get money for your old tech devices that are gathering dust in the closet? Of course the value will depend on the specific items, their condition, and demand, but here are some options for selling or trading in your old tech:

  1. Online marketplaces: Websites like eBay, Amazon, and Craigslist allow you to sell your old technology to interested buyers. Make sure to research the current market value of your items, take good pictures, and write accurate descriptions to attract potential buyers.
  2. Trade-in programs: Some retailers and manufacturers, such as Apple, Best Buy, and Samsung, offer trade-in programs where you can exchange your old devices for store credit or discounts on new products.
  3. Local buy and sell groups: Social media platforms like Facebook have local buy and sell groups where you can list your old tech for sale to people in your area.
  4. Pawn shops: You can try taking your old devices to a local pawn shop, where they may offer you cash for them. Keep in mind that pawn shops generally pay less than what you might get from selling directly to a buyer.
  5. Electronic recycling programs: Some recycling programs or e-waste facilities may offer cash or gift cards in exchange for old technology. Look for such programs in your area.
  6. Donate for a tax deduction: If you’re unable to sell your old tech, consider donating it to a nonprofit organization or charity. You may be eligible for a tax deduction, depending on the value of the items and your local tax laws.

Remember to erase all your personal data and restore the devices to factory settings before selling, trading in, or donating them.

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