You are here: Home - Household Bills - News -

Get money back for your old Ikea furniture

Written by:
Flatpack furniture giant Ikea has launched a new scheme where it will buy back unwanted furniture from customers.

The buy back scheme is available through Ikea’s website, where customers can register the items they intend to sell back to the retailer. If successful, the customer can then get a refund card worth up to 50% of the original value of the item they are returning.

How does the buy back scheme work?

It’s important to state from the outset that this scheme is really only applicable to items that are still in somewhat decent condition. 

You can register the items you intend to sell back on the Ikea website, confirming things like the exact item name and the condition. How much you can get will vary based on what sort of shape it’s in ‒ those that are effectively as new, with no scratches, will be bought back for 50% of the original value, dropping to 40% for those with minor scratches and 30% for furniture which has been well used with several scratches.

Somewhat problematically, the item will need to be returned fully assembled. That may be easy enough for a small bedside unit, but it’s rather more tricky to get a bookcase in the back of your car. As a result you may need to reassemble the item once you get to Ikea.

It will then be assessed by a member of the Ikea team to confirm that it is the same quality that you claimed when getting the initial quote. This means that you can end up with a different amount than you initially expected from the buy back scheme.

The returned items can then be sold on once again by Ikea in special areas of stores, on through the Gumtree website.

Doing the right thing

The scheme had originally been planned for launch in November last year, but this was put back as a result of the ongoing pandemic. It has already been trialled in some stores in Scotland. However, not only has the buy back scheme now launched in the UK, it’s also gone live in dozens of other countries in which Ikea operates.

Hege Sæbjørnsen, sustainability manager of Ikea UK & Ireland, said that it was vital for retailers to take the sustainability movement seriously, adding that it was important to move away from the linear model, where used items are simply thrown away.

She continued: “Companies that don’t really follow this and work with customers and the movement will find themselves not providing the services or needs that customers are asking for. It is also the right thing to do.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Cashback website rapped over ‘misleading’ ads

Cashback website Quidco has been ordered not to repeat “misleading” claims in its advertising by the Advertising Standards Authority (ASA).