3 Clever Ways You Can Make Money With Old Appliances

If you have a few old appliances sitting around, or if you are looking for a creative way to make a little extra cash, here are two clever ways you can make money with old appliances.

#1 Sell Them For Scrap Money

One of the easiest ways to make a little cash off of your old appliances is to sell them for the scrap metal. In order to do so, you need to own a pick-up truck or a trailer that you can haul your appliances with. From there, you will need to find out where the local scrap metal dealer is located in your town. If there are multiple dealers, you will need to call each dealer in order to find out which one will offer you the most money for appliance scrap metal.

If you enjoy selling your own old appliances for scrap metal, you can pursue online listings and pick up any appliances that are listed in the free section. You can also pursue local garage sales for broken appliances. Often times, people don't want to deal with getting rid of their broken appliances, and will happily give them to you for free just to get them off their hands.

#2 Fix Them Up, Resell Them, & Increase The Price

Another way to make money off appliances is to purchase them from online listings and from garage sales. In order to make the most money, look for appliances that either need to be fixed or are being sold well below asking price.

Fixer-Upper Used Appliances

Oftentimes, people just don't want to spend the time to fix their appliances so they just upgrade to new ones instead. Or, they feel like they have fixed a certain appliance one too many times, and just don't want to invest money in fixing it again, so they get a new one. Both scenarios leave you with a broken appliance that could easily be fixed.

You can find instructions online on how to repair almost any problem with an appliance. You could even hire an appliance repair technician to come out and fix the appliance for you, and then list it at a high enough price that you are able to pay off the technician's bill as well as make a little profit.

Lower-Priced Used Appliances 

Additionally, many individuals who sell their appliances online are looking to get rid of them quickly and often list the appliances well below their value in order to get rid of them. These appliances generally work just fine; the only problem is the original owner needs them out of their house. In order to make money on them, all you need to do is purchase them at a low price, pick them up, and then list them for resale immediately at a higher price. 

If you have some old appliances that you want to get rid of, or if you are looking for a creative way to make a little extra cash, try out one of the two methods listed above to make some money off of old appliances. 

For more information about how to fix up old appliances, contact a local professional such as Appliance Tech Repair LLC by Frank Lecato.