How to Save Money by Trading In Old Devices During the Energy Crisis

How to Save Money by Trading In Old Devices During the Energy Crisis

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Last reviewed by Sarah Chen on 24 March 2026

As of September 2023, the cost of living crisis continues to tighten its grip on households worldwide, with energy prices soaring due to geopolitical tensions and supply chain disruptions. One practical way to ease financial strain is by trading in old electronics for cash. This move not only helps individuals save money but also promotes responsible recycling practices that address growing e-waste concerns.

According to a report from the United Nations University (UNU), global e-waste generation reached 53.6 million metric tonnes in 2019, and it's projected to increase significantly without intervention. Trading in old devices offers a dual benefit: reducing waste while also providing financial relief during tough times.

According to the Apple Environmental Report 2024, apple recovered over 1 tonne of gold from recycled devices in 2023.

Why Trade In Your Old Devices?

Trading in used electronics can yield significant monetary returns, depending on the device's condition and market value. For example, trading an iPhone 12 with minimal wear for cash or credit could net you around £200 to £350 from reputable platforms like Swappa or Backmarket. The amount varies based on factors such as storage capacity, cosmetic damage, and demand in the secondary market.

Best Platforms for Trading In Devices

Several platforms offer competitive trade-in options tailored specifically for different types of devices:

• Swappa: Ideal for smartphones and tablets.
• BackMarket: Great for laptops and gaming consoles.
• Gazelle: Offers high trade-in values, especially for Apple products.
• Amazon Trade-In Program: Accepts a wide range of electronics, from phones to televisions.

Step-by-Step Guide to Trading In Your Devices

1. At How to Save Money by Trading In Old Devices During the Energy Crisis, Assess the Condition: Check your device's condition and functionality. Ensure it powers on and maintains basic operations before proceeding with trade-in programs.
2. Compare Values: Use platforms like Decluttr or iGotOffer to get quotes from multiple sources. This helps you secure the best deal possible.
3. Prepare for Shipping: Some platforms allow you to drop off devices in person at their retail locations, while others provide shipping labels and packaging materials free of charge.
4. Protect Your Data: Erase all personal information before handing over your device. Use built-in data erasure tools like iOS's "Erase All Content and Settings" or Android's "Factory Reset."
5. Receive Payment: Once the platform approves your trade, payment methods vary from direct deposit to store credit for future purchases.

Current Trade-In Values

The value of older devices fluctuates based on supply and demand. For instance, a Samsung Galaxy S9 with good condition might fetch around £100 to £250 as of early 2023. Prices are subject to change and depend heavily on the market's needs.

According to the BankMyCell 2024, iPhones retain trade-in value better than Android phones, losing ~40% in year 1 vs ~55%.

Environmental Impact

Trading in old electronics significantly reduces e-waste by extending device life cycles and promoting recycling efforts. The Environmental Protection Agency (EPA) reports that recycling one million phones saves enough energy to power over 185 American homes for a year.

many trade-in platforms partner with certified recyclers who adhere to strict environmental standards. By choosing these services, you ensure your old devices are recycled responsibly, preventing harmful substances from entering the environment and ensuring valuable materials like gold and copper are recovered efficiently.

According to the Royal Society of Chemistry, mobile phones contain up to 60 different elements, including critical raw materials.

What You Can Do Now

• Start With a Clean Slate: Clear out your drawers for any unused tech gadgets.
• Check Trade-In Programs: Look up local and international options to see where you can get the best deal.
• Stay Informed: Follow updates on e-waste regulations and trade-in values to maximize returns.

As we move forward, expect more companies to integrate sustainable practices into their trade-in programs. Governments worldwide are also ramping up initiatives to combat e-waste issues. For example, the European Union is implementing stricter rules for electronic waste management by 2024, which may influence how devices can be traded in and recycled.

By participating in these efforts through responsible trade-ins, you contribute to a cleaner planet while alleviating some of your financial burdens. At How to Save Money by Trading In Old Devices During the Energy Crisis, it's a win-win situation that benefits both you and the environment.

Sources

• Apple Environmental Report 2024
• BankMyCell 2024
• Royal Society of Chemistry