Swedish furniture giant IKEA has announced plans to sell second-hand furniture in stores. The move will see the flat pack titans buy back your old furniture – but not everything can be re-sold. Let’s find out how the IKEA recycling scheme works and how it can help you save money.
What is IKEA’s new recycling scheme?
IKEA’s BuyBack scheme will mean you can sell your old IKEA items back to the store. IKEA will then resell these items in dedicated second-hand sections. If anything can’t be sold it’ll be recycled.
Only certain items can be returned, but if they meet IKEA’s standards, then you’ll be given up to 50% of the original value in vouchers to spend at the store.
IKEA are currently trialling the BuyBack scheme at stores in Edinburgh and Glasgow, and they’re planning a national rollout at the end of November to tie in with Black Friday.
How does the IKEA recycling scheme work?
You’ll need to go online and fill out an initial assessment. IKEA will ask you what category your item falls into. You’ll then need to choose the specific item you want to sell back. The next step is to confirm the item’s condition, which will generate an estimate of what it’s worth. The pricing structure looks like this:
- As new items (no scratches): 50% of the original price
- Very good items (minor scratches): 40% of the original price
- Well-used items (several scratches): 30% of the original price
If you’re happy with your estimate, you’ll need to take your item to a participating IKEA. Your returned item will need to be checked by a member of IKEA staff to confirm its condition. As a result, the final amount agreed may differ from the estimate if the physical inspection uncovers any additional bumps and scrapes.
If you’re happy with the final value, you’ll be given the equivalent value on an IKEA refund card. You can use your refund card in store and online but not at IKEA bistros, restaurants or food markets.
If IKEA aren’t willing to buy back your old item, they’ll offer to recycle it for you (where possible).
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What products can I trade in at IKEA?
IKEA are only accepting non-upholstered items. So we’re talking things like bookcases, coffee tables, cabinets and chests of drawers. A full list of products included in the scheme is available on the IKEA website.
Only IKEA products are eligible for the BuyBack scheme (and furniture will be verified by a member of staff). Items also need to be fully assembled.
How does the IKEA recycling scheme save me money?
If you’re selling back your old IKEA furniture, you can save money in two ways. You can either get money back to spend on something shiny and new. Or, if you’re feeling thrifty, you can buy something from IKEA’s second-hand section.
Even if you’re not selling anything, you could save money by checking out the pre-loved section in stores and find a bargain.
And if you do love a bargain, don’t forget that there are lots of other ways to kit out your home. For true vintage, head to auction sites or visit charity warehouses which specialise in large items from house clearances.
Plus, don’t forget local charities on the high-street can be treasure troves if you don’t mind a rummage.
If you are trying to make some serious savings, then we’ve got a wealth of tips and advice in our money hub.
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