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  • Need info on resale price of refrigerator

    Want to know how much would be the resale value for your 3 yrs old Godrej Refrigerator that is still working fine? Our technical experts would let you know.

    How much can I expect if I dispose my 10+ years old Godrej 260 litres refrigerator in good working condition through sites like OLX? We bought this godrej fridge of model -GFP 280X(Metallic Blue) for Rs.13,500 in the year 2015. How much depreciation can be expected. Please revert.
  • Answers

    2 Answers found.
  • Generally the cash value for a 10 year old fridge will not be much and anything in the range Rs 500 to 1500 can be expected and you can quote in that range in OLX. The appearance and general cosmetic look also makes a difference and price will vary accordingly.

    In such cases it is better to purchase a new fridge by exchanging the old one and if you negotiate you can get an exchange discount of even up to Rs 2000 to 2500.

    Knowledge is power.

  • The expected prince of your refrigerator could be around Rs. 2000/- that is fairly reasonable if it is in working condition. One of my relatives is in this business. He does rate the refrigerator based on its working condition in respect to the amount of power it consumes, its current look and the inside condition. If your refrigerator is in working condition, you should set Rs. 2500 as the base prince in OLX. Normally OLX person who wants to buy this refrigerator will negotiate around 1500 to 2000 and this price is good enough.

    Paresh Gujarati,
    NIT-Surat (SVNIT)

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