Have you ever thought that you could trade your old appliances for cash? I didn’t, until my husband and I purchased our first home.
Unlucky Find as New Homeowners
After moving in, Paul and I thought we had scored the jackpot: the previous owners left their kegerator in the garage for our enjoyment. It had been fashioned out of an old refrigerator, and even bore a painted stencil of the logo from Paul’s favorite football team (the Texans).
Unfortunately for us, it had not been used in such a long time that the product inside the keg was ruined, the tubing was moldy, and the refrigerator itself only worked when it was cranked up on the highest number (9).
In other words, we needed to get rid of our newly found treasure, and seeing how it was an energy-guzzler, we needed to do it as soon as possible. If you have old appliances you need to get rid of, there are several ways to do so and earn cash at the same time. @FrugalConfess Click To Tweet
Getting Rid of Our Appliance for Extra Cash
We did not have a truck at the time so I was very happy to find out that there was a company who was not only willing to come and pick the kegerator up from our home, but would also pay us $25 for doing so! It was a win-win situation as the kegerator was no longer our headache, we earned $25, and this company could recycle the parts for a profit.
How to Get Cash for Your Old Appliances
If you have old appliances you need to get rid of and are looking for some extra cash (who isn’t?), there are several ways to do so where you can earn money in the process like we did.
Read below to find out how you can extract value out of your old working or non-working appliances.
- Donate for a Tax Break: If the appliance is in a usable condition, you can donate it and take a tax deduction (if you itemize your taxes). Some places will pick the item up from you, while others you will need to drop it off. Also, don’t forget to ask for a donation receipt if you plan to take a tax deduction.
- Sell the Appliance: Once again, if the appliance is still in a usable condition you can sell it on Craigslist or through a local pamphlet/ad for a small amount (depending on the condition and age). This option is good for those that do not have a way to transport the appliance as the person can come and pick it up as part of the transaction. Also call your local used appliance shops and see if they will purchase the appliance from you. You can also check out Shopify, where you can create an online store of things to sell.
- Sell the Parts: Repair shops may be looking for some of the parts in your appliance. Call around to repair shops and local appliance technicians to see if there is interest. You will probably have to bring the parts in for an appraisal.
- Scrap the Metal: If the appliance cannot be used or fixed, you can scrap it for the metal. Scrap metal is actually quite lucrative right now; the shop that we use has doubled their paying price from one year ago.
Have you had luck in getting rid of your old appliances for cash?