Consumers are being urged to reconsider discarding their old Ikea furniture, as a retail expert highlights a lucrative opportunity to reclaim value from used items. Jordon Cox, widely recognised as the 'Coupon King' from ITV's This Morning, has shared insightful advice on his YouTube channel, advising shoppers to leverage Ikea's buyback scheme for financial gain.
Unlocking Value from Used Furniture
In a detailed video posted under his handle @CouponKingUK, Cox emphasised that Ikea customers should never dispose of old furniture hastily. Instead, they can obtain store credit by returning items to the store, even after years of use. This initiative allows individuals to recoup a significant portion of the original cost, with potential returns of up to 50% on a wide range of products.
How the Buyback Process Works
Cox explained the step-by-step procedure for participating in the scheme. Shoppers must first search for their specific item online and submit a buyback estimate through Ikea's website. After receiving a quote, the item needs to be brought back to the store fully assembled for a final evaluation. Upon approval, the compensation is issued as an Ikea gift card, which can be used for future purchases, including furniture or even the iconic meatballs.
The amount refunded depends on the condition of the product, with categories clearly defined: 'As New' items qualify for 45% of the original value, 'Very Good' for 35%, and 'Well Used' for 25%. Additionally, holders of the Ikea Family Card receive an extra 15% bonus on top of these rates, enhancing the overall return.
Real-Life Example and Benefits
To illustrate the scheme's effectiveness, Cox shared a personal anecdote from last year, where he received £30 for an old bedside cabinet. This practical example underscores how everyday items can translate into tangible savings. Beyond individual profit, the buyback program aligns with environmental goals by promoting circular economy principles.
Ikea states that the service aims to prolong the lifespan of products, reducing waste and supporting sustainability. Returned items are resold in dedicated sections like the Re-shop and Re-use area or online, offering affordable second-hand options to other customers while advancing the company's commitment to becoming more people and planet positive.
Eligible Products and Exclusions
According to Ikea's official guidelines, the buyback scheme accepts a variety of clean, original products that retain their product sticker or logo. Eligible categories include dressers, bookcases, small tables, chairs, children's products, and home decoration items, among others. However, certain items are not accepted, such as upholstered or leather products, bathroom accessories, rugs, sofas, and non-assembled pieces. Shoppers are encouraged to check the full list online to confirm eligibility before proceeding.
This initiative not only provides a financial incentive for consumers but also fosters a culture of reuse and responsibility. By turning old furniture into store credit, individuals can contribute to a more sustainable retail model while enjoying savings on future purchases.
