How Much Is My Laptop Worth?

Kenny Trinh Updated on October 26, 2020
How Much Is My Laptop Worth

The price you have bought your laptop is not the price you could sell it today. Its parts age and newer, faster, and better laptops are being released as time passes by. If you are curious about the current price of your laptop, read on as we will give you a rundown of the considerations you have to check to know your current laptop value.

To know how much your laptop’s worth by going to eBay and searching for a used laptop that is the same as yours. Then check those prices that are being sold. You may just add or subtract a little at the price depending on your preference.

It only takes a few minutes of search to know your laptop’s worth. But this could be a little tricky as every used laptop is different from each other. Some could be sold at lower or higher prices depending on the defects and upgrades of the parts. The good news is, this article details everything that you need to consider pricing your laptop.

How To Know The Exact Price Of My Used Laptop

Different people have different opinions regarding prices, but it would be better to have an objective basis as a start. You can follow this formula to have a working foundation for estimation:

Hardware price + software price + any peripherals (monitor, keyboard, etc.) – damages = Total Computer Value

After computing an approximation, you now have to compare it to others. We have listed below 3 places to compare your prices.

eCommerce Websites

eCommerce websites are full of laptops, both brand new and used ones. There are refurbished laptops or laptops with different defects. This is the best place to check for comparison because you could have found a very similar case to yours. You could also see reviews on different laptops which would help you in gauging your laptop’s worth.

One of the best eCommerce sites that you could check is eBay. To search for used laptops on eBay, follow the instructions below:

  1. Open your internet browser and go to the eBay website.
  2. Type “used laptop” on the search bar and click search.
  3. All the used laptops will be displayed there and you could check their prices.

You can narrow down the searches by checking the categories that fit into your description. You can see the different categories on the sidebar on the left. You could also try to search the specific brand and model of your laptop on the search bar.

To be sure that the laptops that you are scanning are already used and not brand new, click on it. You can see the “Condition” of the laptop whether “new” or “Used” once opened. You can also see the reviews on the seller on the right part of the screen, under Seller information.

You can also try to search on Amazon to check for your laptop price. To do that, follow the steps below:

  1. Open your internet browser and search for the Amazon website.
  2. On Amazon’s website, find the search bar and type “used laptop”.
  3. All the used laptops will show and you may choose to open any of those laptops.

You may narrow down the searches by clicking on your desired filters on the left sidebar. You can also search for more specific keywords like your laptop’s exact brand and model.

Online Calculator

Using an online calculator is a good way to give you an estimate of your current laptop’s price. You just have to input your laptop’s brand and model and it automatically shows its current market price.

You can also state its condition whether it is fully functional, fair, or already have some defects. You can also give details as to what component of your laptop has a defect and the calculators will consider it.

One of the online calculators that you can use to check the price of your laptop is Gadgetsalvation. To use this, follow the steps below:

  1. Go to the website of Gadgetsalvation.
  2. On the search bar, type the brand and model of your laptop, and click search.
  3. Select your laptop on the search results that will appear.
  4. Fill up “Cosmeting Condition” and “Functionality”.
  5. Click calculate.
  6. You will get an offer, and you may choose to go Back, Add to Cart, or Add Another Device.

You can easily sell it to the websites that offer online calculators or you can use it just as a basis.

Another website that offers a free online calculator is SellYourLaptop. The prices that it offers are at Pound Sterling so you may have to do some basic currency conversions. To get a quotation on SellYourLaptop, follow the steps below:

  1. Go to the website of SellYourLaptop.
  2. Click the “Get A Quote” tab on the upper part of the window.
  3. Then click the brand of your laptop.
  4. Select the CPU of your laptop from the list.
  5. After that, fill up the necessary information.
  6. After filling up, click “Get A Quote” on the bottom of the page.
  7. The offer will appear and you may choose to “Sell My Laptop”, “Clear Buyback Cart”, or “Sell Another Laptop”.

Local Laptop Retailers

Relying online on knowing your laptop’s value could not give you the most correct estimation for your laptop value because prices highly depend on your location. If you do not plan to sell it online in the first place, you may opt to go to the local laptop retailers in your area.

This may give you the most correct price that is based on your exact location. But this could be quite tedious as you have to travel and bring your laptop to the store just to ask for a price.

Though, another advantage of hopping to different local laptop retailers is that you could also ask for the prices of the newly released laptops. They could even give you a bonus if you agreed to sell your laptop in their shop and also buy a brand new laptop from them.

Another advantage of going door to door to local laptop retailers is that you could ask them in real-time about what you want to know regarding laptops. You can ask technical stuff, the market trends, and they might even check your laptop for the defects that you don’t know that are present inside of it.

4 Laptop Price Factors

Are you amazed at how they can see the exact price just by looking at your laptop? It is not magic, though, they are also using some tricks to identify your laptop’s current market value.

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Brand

The brand largely affects your laptop’s market value. Different brands have different consumer demands which greatly affect the price of your laptop. Why is it like this?

Different companies spend different amounts on marketing and advertisements which greatly influences the minds of the consumers in picking the laptop that they want. Consumers have different priorities in specs and that is why different companies focus on their specialties in making advertisements.

Specs

We all know that this is the main factor that would determine the price of a laptop. Technological sectors battle neck to neck on having the best and the fastest laptops on the market. Of course, there are so many more parts to compare laptop specs and hardware but we will have a rundown on the main functions and the basic defining factors for a laptop’s quality.

CPU

CPU or Central Processing Unit is the laptop’s brain. All the functions and commands within a laptop are being processed here. And basically, the faster the CPU, the faster the laptop would be. Its quality is measured by both the number of cores which normally ranges from 4 to 8 and clock frequency which is measured by GHz.

RAM

RAM stands for Random Access Memory and functions as temporary storage for the files and programs that are currently in use. It is different from the hard drive because RAMs are designed to open the minimized programs quickly but can’t maintain the memory if your laptop’s power is turned off.

A RAM’s quality is measured by GB, and the higher the RAM, the more memory it can hold.

GPU

GPU stands for Graphics Processing Unit and it also functions similarly as a CPU. It processes all functions that are related to graphics, colors, and animation. Its main difference with CPU is that CPU manages all your laptop’s processes, except those related to graphics.

The GPU quality is measured by GB, and the higher the amount, the more powerful the GPU is.

Internal Storage

Another hardware part that greatly affects the price of a laptop is its internal storage. This is where you store everything on your laptop even when the laptop is turned off.

It is measured by GB or TB, in which 1 TB equals 1000 GB. The higher the storage amount, the better. Though it might be a little tricky because SSD storage is far better than HDD storage. So, if you have both a 1 TB SSD and 1 TB HDD, the 1 TB SSD is better and more pricey.

Age

This is an age-old belief. The age of everything that you have has an effect on its price, especially if it is a laptop. The price of a laptop decreases as it ages because newer laptops are always being released and newer laptops are faster and more powerful than its predecessors.

Besides, older laptops have more deteriorated parts than brand new, so it is just normal for its value to decrease over time.

Defects

The more defects your laptop has, the lower its value would be. You are paying for how beneficial an item is, so a defect will decrease its benefit. Just make sure that if you plan to sell your laptop, you will declare all of its defects so that the buyers will know what they are buying.

4 Reasons For Selling Used laptop

You might be wondering as to what terms you should reach before finally deciding to sell your laptop. To help you a bit, here are 4 reasons why people sell their laptops.

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Wants To Upgrade

Humans are basically hardwired to aspire to be better and to seek for innovation. And this is why you might also want to sell your laptop. You have seen the newly released laptop on the market and you could already imagine how those lags that you are experiencing could now be gone. Besides, upgrading your laptop boosts your overall productivity and it might be a good idea to pump you up.

Laptop Is Aging

You might be unfazed by the newly released powerful laptop in the market but are increasingly being annoyed by your slow laptop. As our laptop ages, its hardware parts are becoming brittle and the continuous heat wears it off. Some laptops could still pack a punch even at an older age but some laptops seem to really be hit by that. 

And if this really affects your tasks on your laptop, you might consider buying a new one and just sell this to those who do not need heavy specs. Just take note to always declare the defects on your laptop.

Surplus

There are cases where there is a surplus of laptops or desktop computers in your house. The moment that you realize that a laptop is a surplus, consider selling it as soon as possible. Your laptop degrades in value as time passes by, so not acting up fast would cost you money.

Besides, storing it just eats up additional space in your room or garage which could be used in storing other things that are useful for you.

Needs Cash

Your laptop could just be doing fine and you still need it for your regular use. But let us face it, uncertainties happen and you might have to need more cash than what you have right now.

Selling your laptop could be a good source of instant cash. Depending on your priorities and the gravity of the situation, you might want to start finding good deals for it.

Kenny Trinh
Article by:
Kenny Trinh
Editor @ Netbooknews. While he’s not editing articles on the latest tech trends, he likes to discuss business and entrepreneur tips and tricks which featured Forbes and other places.

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