O2 has issued an important alert to anyone looking for an iPhone or Android upgrade. While it’s easy to toss your old device aside, the phone network encourages users to trade it in instead, as you may receive a cash benefit.
Shocking figures from Virgin Media O2 indicate that average UK households could be losing out on at least £200 by neglecting old phones and laptops left forgotten in cupboards. If you’re keen to trade, it’s crucial to do this as soon as possible, as a device’s value plummets over time.
Reflecting on the research, O2 told the Mirror: “Research from Virgin Media O2 has revealed the average UK household is sat on over £218 worth of unwanted mobile phones, but only one in ten (11%) Brits has traded in a device in the last five years.
“Sell your unwanted mobile, laptop or tech as soon as you’re done with it. The sooner you sell it, the more money you’re likely to get for it.”
Beyond the financial benefits, traded-in devices are often recycled, which is more beneficial for the environment. Those curious about their device’s value can check O2’s Recycle website by entering details like make, model, and condition.
How much is my phone worth?
O2 isn’t the only firm offering trade-in deals. Numerous other sites, including MusicMagpie, Compare and Recycle, and Mazuma, are also willing to take old tech off your hands. Samsung and Apple may cut the price of a new device if you trade in an older one too.
Apple claims that you can receive between £30 and £655 when trading in an iPhone. Advice on its site reads: “With Apple Trade In, you can get a great price for your current device and apply it towards a new one.
“And you can do it all online or at an Apple Store. If your device isn’t eligible for credit, we’ll recycle it for free. It’s a great deal for you and the planet.” Meanwhile, Samsung writes: “Trade In allows customer to purchase at discounted rates for new devices by trading in their old device across multiple brands.
“Trade in your old device to get an instant discount on a brand new one. Trade In is available on a range of our smartphones, tablets and smartwatches. We check prices regularly to give you the best possible Trade In deals, no matter which brand or network your device comes from.
“A full list of phones, tablets and wearables that qualify for Trade In is available when you choose your new device.”