With the credit crunch biting, even the most fashion conscious consumers are considering cutting back on the latest trends in an effort to save. However, when it comes to mobile phones you needn’t sacrifice the hottest new looks to save some money, because getting rid of your old phone could actually make you some cash.
As people regularly upgrade their mobile phones around 1.5 million are thrown away each year, many of them in working order. Our research finds that the average mobile phone user has two old mobile phones simply lying around – perhaps stuffed away in a drawer – with 32% planning to keep hold of their mobile phones once they’ve finished with them. Two-thirds of us are failing to recycle and that’s costly for our wallets as well as the environment.
At moneysupermarket.com we’ve launched a new mobile phone recycling section in partnership with love2recycle.com to show consumers that when the number is up for their old mobile phone, there is money to be made – possibly as much as £160.
How does mobile phone recycling work?
There are several companies, such as our partner site love2recycle.com, that are willing to collect and process mobile phones for reuse and in many cases they will offer money for the handsets.
Prices vary depending on the model, age and condition of the handset. For example, if you are willing to recycle the Apple iPhone 16 Gigabyte (GB) model, perhaps because you want to upgrade to the 3G version, you could pocket as much as £169.50 through our channel if it’s in full working order or £84.70 if it’s faulty. A Nokia 8600 Luna could earn you as much as £111.50 in a fully working state or £55.70 if it’s damaged.
Admittedly these prices are on the higher end of what you could earn, but there is cash to be made for the vast majority of handsets even if in some cases it’s only a few pounds. For example a Nokia 1101 could earn you £1.50; for the 1200 you could pocket £4; while the N70 has a much higher value at £36.50. If you have a Sony Ericsson model you could earn £22.50 for the W800i; £5.50 for the F500i; or £10.50 for the Z750i.
It’s certainly worth investigating to see how much you could earn. Each model has a working price and a value if it’s faulty – which is usually at 30-50% lower than the fully functioning price. So no matter what the standard of your old mobile phone may be, take a look at our phone recycling section and see if you could pocket some cash.
If you decide you want to proceed, then register with us for free and pop your mobile phone into the prepaid envelope we supply and wait for your money back.
Another reason to recycle
Aside from the fact that you could pocket some cash by trading your old mobile phone in, there are also huge environmental benefits.
There are numerous hazardous components held within mobile phones such as the highly toxic cadmium held in nickel-cadmium batteries which can leak into soil and cause contamination. There are other dangerous materials too including lead and mercury which can pose a threat to the environment.
By sending your phone to a recycling company it will be tested to see if it can be reused – if so it will be resold and shipped out. If that’s not possible it will be dismantled and refined with all harmful substances disposed of safely – a great boost for the environment.
What new deals are available?
If you want to upgrade the phone you’re currently using then this is a great time to not only pick up money for your recycled model, but also capitalise on a host of attractive deals for some of the hottest new handsets.
For example, the Nokia N95 8GB, which features a large screen, 8GB of internal memory and a built-in global positioning system (GPS) is available for free with the 3 Mobile Mix and Match 900 tariff, with 900 minutes and 900 texts for just £33 a month on an 18 month contract.
The Samsung Tocco is a highly sought-after model with a touchscreen you can customise, a five megapixel camera and mobile blogging. It can be picked up on the T-Mobile Combi 35 tariff, which includes 800 minutes and unlimited texts each month, for just £35 a month on an 18month contract. Or if you like to take perfect pictures with your phone, the popular Sony Ericsson C950, which has an 8.1 megapixel camera, is available through Vodafone with 700 minutes and 250 texts for just £35 a month on a 24month contract.
For more on the latest tariffs and hottest handsets visit our mobile phone section and search for the model you want.
Disclaimer: Please note that any rates or deals mentioned in this article were available at the time of writing.