Best places to sell electronic items

I have £2500 of finance available on a store credit card. I am in need of
cash at the minute so i was planning on buying something and then
selling it

Where could i get the best deal? I know i won't get the retail price but i don't want to get completely ripped off

Reply 1

mrMagie

3

Safest bet would be selling it on Gumtree, cash in hand.
Another option would be Ebay, but you'll have to pay 10% in fees which can be a huge amount if you're considering selling an item worth £2500.
Stay away from Cex and the like (if you value your hard earned money)

Musicmagpie

Entertainment Forum Helper

19

Original post by mrMagie

Safest bet would be selling it on Gumtree, cash in hand.
Another option would be Ebay, but you'll have to pay 10% in fees which can be a huge amount if you're considering selling an item worth £2500.
Stay away from Cex and the like (if you value your hard earned money)

I agree- ive brought dvd's and cd's from there. But never sold anything, you get next to nothing for them.

Reply 4

Emma:-)

Entertainment Forum Helper

19

Original post by niteninja1

Musicmagpie

I didnt think you got much from selling stuff to them.

Reply 5

niteninja1

22

Original post by Emma:-)

I didnt think you got much from selling stuff to them.

You get a fairly competitive rate. Considering you don’t have to worry about returns etc

Reply 6

MUFC95

OP

2

When i looked on their website i couldn't get a quote for a new laptop.

Reply 7

jameswhughes

19

Original post by niteninja1

You get a fairly competitive rate. Considering you don’t have to worry about returns etc

Do you mean for buying or selling? If you're selling the losses can be huge, I just looked at what they offer for an iPhone X and it's £536 for selling, compared to £719 for buying which is a massive difference!

Reply 8

jameswhughes

19

Original post by MUFC95

I have £2500 of finance available on a store credit card. I am in need of
cash at the minute so i was planning on buying something and then
selling it

Where could i get the best deal? I know i won't get the retail price but i don't want to get completely ripped off

Is there any way you can sell off the card itself? You're likely to get more if you can just sell it to someone who wants to shop there, instead of buying laptops or whatever and trying to shift them yourself.

Reply 9

Mikardo88

10

There is some absolutely terrible advice being given here.

How much cash do you need and in what time frame? Is the store card specific to one shop or is it more like a generic credit card? Do you need the cash for absolute essentials? To be clear, I am not trying to be high and mighty. I do however have a great deal of experience in the repercussions of bad debt on peoples lives.

Reply 10

Heroic_

9

Original post by MUFC95

I have £2500 of finance available on a store credit card. I am in need of
cash at the minute so i was planning on buying something and then
selling it

Where could i get the best deal? I know i won't get the retail price but i don't want to get completely ripped off

This is a terrible idea. Your going to finance right now with a high interest card which will ruin your future?

You have to consider this; your buying a brand new item from a trusted source then selling it on less reliable sources. Obviously you're not going to get a £1 for £1 exchange value. Take a car, the second you purchase it and drive away from the dealer, it's worth £5,000 less to someone else.

Maybe your next question would be; How do i raise £2500 of cash quickly.