CEX Now Offers 24 Month Warranty on Second Hand Goods

Purchasing any used electrical item from smartphones to CPUs involves a high degree of risk unless the product includes an original proof-of-purchase. As a result, when looking for expensive graphics cards on eBay or premium mechanical keyboards, you have to take into account the lack of consumer protection. It’s quite baffling that the selling price is usually so close to a new retail sample which often contains a 2-5 year warranty. Throughout Europe, new goods legally have to come with a 2-year warranty, but there’s some confusion if this applies to used items.

Thankfully, there are some retail stores in the UK which provide guarantees on pre-owned hardware. However, the duration varies quite dramatically and some chains do not disclosure this information in a clear way. Recently, CEX announced they will provide a 24 month warranty on all used items as standard. This is a fantastic scheme and offers piece of mind on used products. Personally, I would probably pay the extra compared to eBay to have that extra year of cover. This enhanced protection encourages consumers to spend money on higher ticket items such as a used Intel Core i7-4770K. The savings are impressive and the warranty period buying used is only reduced by one year in this particular case.

While I’ve not always had the best experience with CEX, I have to applaud this consumer-friendly move. Hopefully, this will force the company to enforce greatly improved testing, and make sure traded-in products meet the standards.

Do you care about the warranty period when buying components?

Tesla is Now Testing the Used Car Sales Market

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Electric Car giant Tesla has been making massive waves in the automotive and home electrical worlds recently. Firstly by introducing its spectacular Model S and more recently the home batteryThe battery technology is still brand new, but the cars are starting to age a little, with the oldest Model S around 2 1/2 years old.

What does this mean? The consumer turn around for prestige cars like this normally lasts around two – three years; they then trade in and purchase the newest model. So what about the older cars, surely they don’t just leave them rotting or flash the memory and sell as new do they? Of course not, those cars which have started coming back to the dealerships are now being sold through Teslas ‘Buy Pre-Owned‘ scheme.

Looking through the sales pages, the cheapest model to come up was a Model S 60 at a respectable $59,000. After looking for a comparable model, the cheapest Model S 85 was $62,350; when compared like for like to a new model, the price came in at almost $100,000, that’s a huge saving of almost $38,000. You also get 4 years/ 50,000 miles warranty and a delivery to your nearest dealership for up to $1,500.

Tesla can offer these low prices due to only selling through their own dealerships. The used car market is a lucrative place to be, you can sell a car for thousands over book price with the right selling pitch. Well done marketing at Tesla, if the price originally put you off; it seems it’s going in the right direction.