Your lightly used, but very workable appliances, still have a lot of value. One option is that they can be sold outright. Used, but working, appliances are usually very much in demand and you could first try selling them in a garage or yard sale.
Water heaters and other appliances that use plumbing for operation are especially worthy of collecting for scrap metal purposes. These types of appliances tend to feature valuable components that are in high demand, such as copper pipes and copper wiring.
Scrap yards pay varying amounts for appliances based on current metal pricing, the appliances size, weight, and condition. Typical payouts for appliances like washing machines, stoves, and dishwashers range from about $10 – $50.
if you find the right scrap yard and have means to transport what you find it can be worth it. Places will take the appliances as is usually at a scrap iron rate, 8-10 cents per pound. Its not a lot but if you can collect enough in a short time without spending a lot on fuel you might make some money.
Multiply the age of the appliance by the replacement cash value. Multiply this product with the depreciation rate to obtain the depreciated value of appliances. Subtract the depreciation value from the replacement cash value to find out the actual cash value of the appliance.
Your lightly used, but very workable appliances, still have a lot of value. One option is that they can be sold outright. Used, but working, appliances are usually very much in demand and you could first try selling them in a garage or yard sale.
Depreciation per year: $750 / 15 years (expected lifespan) = $50 Life left: 15 - 5 = 10 years Value: 10 years x $50 = $500 If the refrigerator is in excellent condition and there's high demand in your area, you might price it around $500.
You can expect to sell your appliance for 20 to 40 percent of what you paid for it. An appliance that sells for $1,000 new should list for around $300.
And, if all else fails, you can usually sell your old frig, working or not, for scrap. If your working refrigerator is less than 10 years old and in really good condition you can possibly get a few hundred dollars for it, especially from a private party.
Check with Your State Energy Office or Local Electric Utility. Local utilities and energy-efficiency organizations support a growing number of refrigerator and freezer recycling programs. Some programs offer cash to recycle your old fridge; others offer utility bill credits. Ask about Municipal Pick-Up of Appliances.
Yes, washing machines contain valuable scrap metal components like steel, copper, and aluminum, which can be sold to scrap metal buyers.
A scrap dealer, processor or recycler like Cohen can buy your old appliances at a scrap recycling center near you. Pricing changes at least monthly, based on the market values of metals, so call ahead and ask what they are paying for mixed iron if you'd like an estimate.
b) Scrap metal collectors
Dishwashers contain valuable metal parts that can be sold as scrap. Selling your dishwasher is not only a good way of getting it collected for free, but also making some extra cash. You could contact local scrap collectors and ask if they're interested in picking it up.
Radioactive and hazardous materials should never be recycled to the same standards as metals. That's because if a scrap yard melts any radioactive metal without knowing, it will end up contaminating the rest of the metal, the equipment that is used during the recycling process.
Refrigerators and any appliances that use plumbing to operate - like an old rusted water heater - are especially worthy of collecting for scrap. This is because these appliances often have copper components; copper wire and plumbing scrap is valuable and gives you great profit.
All cables contain copper, a valuable material, making them suitable for recycling. Many standard cable plastics can be recycled too, although some may pose challenges due to the presence of additives. What should you do with them? There are several recommended methods for managing old chargers and cables responsibly.
You can determine a fair price for a used appliance by following a three-step formula: Initial purchase price / estimated life cycle of the appliance = Depreciation per year. Life cycle of appliance – Age of appliance = Life left in life cycle. Life left in life cycle X Depreciation per year = Fair price.
Pawn shops are a great place to sell used appliances for cash. They are convenient, give you money right away, and have no listing or selling fees. You get cash on the spot, so you have quick access to your money.
Average Washer and Dryer Prices
The average washer price and dryer cost can vary significantly, depending on factors such as the configuration, washing machine capacity, features, and brand. On average, you can expect to pay between $1,000 and $2,300 for a complete washer and dryer set.
To qualify for $50, the unit must be 10 to 30 cubic feet in size. To receive $20, the fridge or freezer must be under 9.9 cubic feet. Use our convenient measurement tool on this page to see if your refrigerator or freezer qualifies for appliance recycling.
While your old refrigerator may still look good and work well, if it is more than 15 years old, it's more than likely using a significant amount of energy -- in fact, more than twice the energy of a new ENERGY STAR certified model.
If your 20-year-old fridge has been running well, and only needs minor repairs once in a while, then it is worth keeping it, instead of replacing it. Though, if it ends up needing a major repair, then you should think about replacing the fridge.