Whether you’re upgrading to a new model or giving up a hobby, there are no shortage of reasons why you’re reselling tech devices you’ve purchased in the past. In fact, when deciding whether or not to purchase tech devices, resale value may be a factor to consider. Some devices tend to have better resale value than others. Gadgets like video game consoles and old audio equipment retain their value for a long time.
Of course, factors such as the condition of an item will always influence what potential buyers consider it to be worth. A recognizable brand can also attract buyers who are either loyal to said brand or who view an established brand as a sign that a technology is likely to be reliable.
Generally speaking, considering resale value might also motivate you to prioritize maintenance and upkeep. You may find it easier to spend time maintaining a piece of technology in good condition if you remember that it could be financially beneficial later. In the meantime, if you have one of these devices, don’t throw it away just yet. They could be a source of a little extra income.
Video game consoles
One of the main factors affecting the resale value of a piece of technology is the extent to which it remains useful for a long period of time. As long as the original user keeps it in good condition, a video game console is a great example of a device that can maintain its functionality and relevance for years. When shopping for used video game consoles, some buyers even find that fairly new consoles that still have their box and all the other components that come with them can sell for almost as much as truly new units.
Video game consoles can also be unique compared to other devices like DVD players. A DVD player is a device that has essentially been replaced by new technology. While there are certainly exceptions, many titles available on DVD are also available on Blu-ray. Even if it doesn’t, an old DVD can still be played on a new Blu-ray player.
Retro video game consoles are different. Although some older games are re-released for new consoles, in many cases it is only possible to play an older title on the console for which it was originally released. So even relatively old video game consoles can sometimes have a high resale value.
Old audio equipment
Audiophiles know that some audio equipment can remain in good condition for decades. Additionally, this is a technology category where there seems to be a fairly consistent demand for retro devices and media. For example, in recent years, younger consumers have embraced vinyl as an alternative to streaming services. As such, they may naturally be on the lookout for older devices that can help them get the most out of their growing vinyl collections.
In communities like Reddit’s r/audiophile subreddit, users say the general rule of thumb is that decent audio equipment should depreciate by about 30 to 50 percent of its MSRP after a few years of use. After this time, however, the resale value can remain fairly stable, provided the equipment is still in good working order.
As a seller, there are steps you can take to make your old audio equipment as attractive as possible to potential buyers. For example, when possible, you may want to give buyers the opportunity to test equipment before purchasing it. Someone considering purchasing old speakers or a turntable from you may be more inclined to do so if they can confirm that the equipment still sounds impressive.
Smart watches and wearables from well-known brands
Different types of users have different relationships with wearable technology. Some users upgrade their wearable technology every two to three years. These users are unlikely to be the type to purchase a second-hand smartwatch or other similar device.
However, some users also consider using these types of devices only for basic purposes, such as using GPS to easily track their daily steps. They may be perfectly happy to buy second-hand if it saves them money. They will generally be more likely to make a purchase if a wearable device comes from a reputable brand and its sensors work well enough to provide accurate readings. Naturally, a smartwatch or other wearable free of visible damage will sell for more than one that has suffered some wear and tear.
Once again, this highlights the importance of maintaining your technology. Keeping your appliances in good condition and functioning can maximize their resale value. That said, if you’re reading this, you might be just as interested in buying used equipment as you are in selling it. If so, make sure you familiarize yourself with which tech items are thrift store gems and which ones are worth leaving on the shelves. This will help you make wise decisions as a seller and buyer.
