Newegg launches GPU trade-in program, will buy your used GPU.

[UltraMega]

https://www.newegg.com/promotions/nepro/23-1322/index.html?cm_sp=Head_Navigation-_-Under_Search_Bar-_-Trade-in&icid=760123

 

 

 

 

As someone who buys a lot of used GPUs, I think this is really neat. I understand a lot of people would hesitate to buy a used GPU, but since the mining craze the used GPU market has actually evolved quite a bit and there are some sort of unwritten standards that have become prevalent. For example, it's rare for me to buy a used card these days that doesn't come in near-perfect condition with new paste and pads. Given that GPUs (and CPUs for that matter) almost always last longer than their useful lifespan, it makes a lot of sense these days to consider used GPUs as a totally viable option. 

 

Newegg sells these GPUs as "certified refurbished". This is really the icing on the cake because it creates a whole new force of pressure on GPU prices. The prices they sell these GPUs for ranges from very reasonable to completely absurd. ~$350 for a used 3070, but there is a 2080Ti listed for ~$800. I'd imagine this will evolve over time. What's more, the site doesn't filter out these listings by default, meaning when people look for a GPU on newegg, they will see these listed along with new GPUs unless they manually filter out the used ones. These used cards come with a 90-warranty from newegg. 

 

https://www.newegg.com/p/pl?N=100007709 4016&cm_sp=tradein-landingpage-certifiedrefurbished

Price wise, what they offer isn't bad but it's not as much as a seller would get from selling a GPU on ebay. Newegg offers 209$ for a 3070 and on ebay they usually go for about $300. Minus ebay fees, the seller would make about $260. On the AMD side things are a bit further off. An RX6800 would go for about $380 on ebay, seller would get about $330. Newegg only offers $255. All and all, seems like a pretty good option for Nvidia users who don't want to bother with ebay, while AMD users should probably stick with ebay. 

 

 

 

Edited September 26, 2023 by UltraMega

[Supercrumpet]

This is really interesting actually, and I'm glad it goes back more than just one generation.

[Snakecharmed]

Other than getting lowballed by $50-200 for your trade-in value (which is to be expected), I think the biggest concern with this program today is consumer trust in Newegg.

 

Imagine saying that 10+ years ago.

[UltraMega]

35 minutes ago, Snakecharmed said:

Other than getting lowballed by $50-200 for your trade-in value (which is to be expected), I think the biggest concern with this program today is consumer trust in Newegg.

 

Imagine saying that 10+ years ago.

I think their issues were pretty short lived. I remember Newegg going down hill for a little while, but that's all be resolved.