Australia markets close in 5 hours 3 minutes

How to get Ikea to pay you for your old furniture

(Source: Getty, Facebook)

If you’ve ever struggled to sell old furniture on Gumtree, you’ll never have to go through that again: Ikea has a little-known buy-back scheme that will give you money for your pre-loved household items.

An Australian mother-of-two revealed that she sold her decade-old Ikea furniture back to the Swedish furniture giant, and gained $319 in store credit.

“We’ve twice taken items back for Ikea to ‘buy back’ and it’s awesome,” she said in a Facebook post to private group Ikea Mums Australia.

“Such a great idea.”

(Source: Facebook)

“We couldn’t sell these on marketplace/gumtree for $250!”

Other commenters also said they didn’t know about the scheme, and one said they had attempted to sell a rocking chair for $70 online before Ikea bought it for $90 in store credit, Daily Mail reported.

How the IKEA furniture buy-back scheme works

The furniture giant first announced the buy-back scheme in October in a bid to minimise landfill as well as provide affordable options for shoppers.

“It’s this kind of approach and way of thinking that will help us achieve our goals of becoming a circular business and people and planet positive,” Ikea said.

You can get an estimation of how much your Ikea furniture is worth through the website, before having it assessed by an Ikea staff member in-store.

The money will be given to you in store credit.

What furniture is eligible for Ikea’s buy-back scheme?

You can’t just sell any old furniture to Ikea. Here’s what won't be accepted by the scheme:

  • Non-Ikea products

  • Home furnishing accessories including Lighting and Textiles

  • Add on units, and componentry

  • Products that have been used outside including outdoor furniture

  • Mattresses & Bed Textiles (such as Blankets and Mattress toppers)

  • Kitchens including bench tops, cabinets and fronts

  • Modular Wardrobes and accessories

  • Electrical Appliances

  • Children’s and Baby products (such as cots, mattresses and change tables) 

This is the Ikea furniture that is eligible for the buy-back scheme:

Products that:

  • are structurally sound and safe

  • are in resalable condition

  • are of acceptable quality and fit for the purpose the products are or were advertised for

  • Are owned by you and not carrying any hidden debts or security interests

  • match our descriptions of the products and not be modified from their original state

  • meet the promises we make or propose to make about performance, condition and quality of the products. 

The buy-back scheme is available at all Ikea stores around Australia.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.

Follow Yahoo Finance Australia on FacebookTwitterInstagram and LinkedIn.