Trading in your old electronics - FOX 35 News Orlando

Trading in your old electronics

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ORLANDO, Fla. (WOFL FOX 35 ORLANDO) -

It can be difficult to keep up with technology these days. It seems like a new phone, tablet, or gadget pops up every week. But there are ways you can trade up to the latest model, without breaking the bank. In fact,  sometimes, you can even make money!

FOX 35 hit the stores and the web for the answers.

Companies like Gazelle will send you cash for your old device. You log on, write a fair description of your device's condition, and the company gives you an offer. They'll send you a box and pre-paid label. You should receive a check or PayPal payment within three days. The company said an iPhone 5 can fetch you about $400, or even $250 for some Androids.

Similar sites such as Nextworth, BuyMyTronics, and Glyde operate the same way.

Prefer face to face treatment? Best Buy accepts more than 11,000 gadgets.

"Customers always have two options when it comes to it.," said  Nicholas Antolos from Best Buy in Sanford. "You can either get a Best Buy gift card for the value , which can be redeemed either in store or on our website, or you can always do a mailed cash check."

We're told iPads are worth the most.

"Depending on what the market value is," said Antolos. "I've seen them as high as $200, even for a second of third generation iPad."

Stores like Costco use online site Gazelle for its program. But beware -- trade directly with Gazelle and you'll get a check; use the store's website, you'll get a gift card.  Target uses the site Nextworth. Walmart works with the site CExchange. Both stores, plus Radio Shack, online retailer Amazon, and Apple offer gift cards.

Looking for quick cash on the spot? Try pawn stores like La Familia Pawn and Jewelry.

"On a busy week, we'll do over 100 transactions on people coming in, trying to trade in or trade up," said Orlando store manager Rafael DeLeon.

Managers say electronics are their number one retail money maker over gold.

"Actually gold is actually tougher to sell because the value of gold has gotten so high right now," said General Manager Todd Peterson.

Don't dig out those ancient phones just yet. Late model gadgets will get you the most cash.

Most of the companies we spoke with said they'll erase your information off the devices, refurbish it, and try to resell it, if possible. If not, they'll recycle the gadgets themselves or have agreements with other companies that will recycle the electronics in a responsible manner.

Another option includes sending your old cell phone to troops overseas in care packages. Check out the website www.operationgratitude.com

 

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