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How to sell your old TV

How to sell your old TV
Image source: Getty Images.

It may be that times are tight and you are looking to make a little extra cash on the side, or that the Netflix binge-watching during lockdown has prompted you to upgrade your current setup. Either way, let’s take a look at everything you need to know about how to sell your old TV.

The tax-free ISA deadline is approaching!

If you’ve not made the most of this year’s ISA allowance of £20,000 you have until midnight on 5th April before the allowance resets.

A stocks and shares ISA could be a great tax-free way of investing for the future. To help you make a good choice, MyWalletHero’s experts have reviewed and ranked some of the UK’s top stocks and shares ISAs – compare them now.

Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances.

Can you get money for your old TV?

The answer is yes. If you want to sell your old TV, then you stand to earn some money from it.

How much you get very much will depend on the type of TV and the condition it’s in. It may equally depend on the site you choose to sell it through.

No matter how old your TV is, there is no harm in trying to sell it. Whatever you get for it is likely to be better than nothing.

And that little something could be the kick start you need to set up a savings account or help you pay off some outstanding credit card debt.

What types of TV sell best?

The type of old TV you’re selling will be the main factor that dictates how quickly it sells and how much you get for it.

Typically, a TV with Freeview built in will be easier to sell. This is because whoever buys it won’t need an additional Freeview box in order to watch.

TVs with LCD or plasma screens tend to be in high demand. So you will find that these sell the best.

But that’s not to say you can’t shift an old-style CRT TV. There are people out there who want these models in order to play retro games consoles.

Who buys them?

A wide variety of people buy old TVs. It could be someone looking for a second-hand bargain. Or, as we’ve mentioned, it could be someone who wants an old TV for a specific purpose such as retro gaming.

Invest up to £20,000 tax free – before 6th April

Would-be investors could make a big tax saving by taking advantage of the annual ISA allowance before it resets. A stocks and shares ISA allows tax-free investments of up to £20,000 each year.

If you’re looking to learn more, MyWalletHero’s experts have reviewed and ranked some of the UK’s top ISA providers.

Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances.

Can you sell your TV for parts?

Yes, you can sell your old TV for parts, but in reality, this isn’t that common.

There are some websites that specifically look for old or faulty TVs to recycle. And you may find some individual enthusiasts who are looking for sets to break down and sell off.

But the likelihood is that if you want to sell your old TV, the buyer will want the set just as it is.

Where can you sell your old TV?

Local listings

There are lots of different options for selling your TV locally. You can advertise it on a website like Gumtree or Nextdoor.

These sites are usually free and connect you to your local community. This way, you’re likely to find someone nearby to buy and pick up your old TV.

Similarly, Facebook Marketplace and local Facebook selling groups are quite popular for listing old TVs for sale.

Nationwide auction sites

Most of us will know of eBay. Using the online auction site can open up your item to a wider geographic audience. But there are usually selling fees involved and you would possibly need to factor in packaging and delivery costs.

A site that specialises in buying and selling old TVs is Zarax. It claims to have buyers already in place and offers free collection and diagnostic checks. Zarax will provide you with a quote in advance and will pay as soon as your TV is received.

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