Now you can get a mortgage for your washing machine

Do you have an old mobile phone or Blu-ray player that you no longer use? Then you can hand it in Power and get a deposit in the form of bonus points in chain stores.

At the first stage, it will be possible to get a mortgage in the form of points for all electronic devices and white goods, with only a few exceptions. The value is determined based on certain criteria in our system. This means that you will always get the minimum number of points, but the value of the points will increase if the product is considered for sale again. This mainly applies to phones and computers, Anders Nilsen, CEO of Power Norway, explains in a press release.

Don’t spend money

To Dinside, Siri Røhr-Staff, Director of PR and Communications at Power, says they will receive all electronics related to their industry, and the amount of the deposit will depend on product to product. In some categories it varies, while in others it is a flat rate.

– In the first place, we will be able to offer a mortgage corresponding to the rate of return to the city on computers and phones. Here we have entered into a collaboration with Conmodo, which will be responsible for repairs even before any resale.

– On white goods and TV there will be a fixed deposit of 100 kroner, while on other electrical appliances there will be a nominal amount of points. Røhr-Staff explains that there will be a calculator on our site where you can, for example, go in and check the potential value of your iPhone 10.

Products such as vacuum cleaners and kitchen utensils were mentioned as products that were only offered with one symbolic sum employment.

When asked if the deposit amount could be given in cash to the customer, Røhr-Staff said there was no money in the picture.

– Everything from the mortgage, regardless of size, is converted into points that can be used in our stores. She explained that if we started with cash, it would be very complicated and a much greater risk of misuse of the service.

RePower, as the service is called, launched today October 11th.

This is what the competitor says

Elkjøp told Dinside that as of today they have no plans to offer the same scheme as the competitor.

Elkjøp has an ambitious sustainability strategy and is already taking several steps down the path to a circular economy. The most important thing we do is help customers take care of their products, Elkjøp Norway CEO Tryge Hillesland wrote in an email to Dinside.

It is reported that Elkjøp makes over 700,000 repairs annually and has millions of different parts online. Products that can no longer be repaired are recycled.

– Last year, we collected 33,000 tons of electrical waste in the North District.

We welcome the focus on the circular economy from other parts of the industry and look forward to competition and cooperation in the future.

This is the pledge

I power calculator You can calculate the approximate amount you can get for your old electronic products. Depending on the product category, you should answer questions about things about…

• The device is bent
• The presence of damage or cracks in the screen
• There are other damages to the product (minor scratches and scrapes are ok from normal use)
• The device can be turned on
• charger included

Based on this, the calculator states a estimated How much you can get for your product. The amount is specified in Kroner Points and Bonus Points, but the amount is paid as stated only in Bonus Points that you can use in Power.

When returning white goods, you get a fixed deposit of 100 kroner, i.e. 5,000 bonus points, regardless of whether the product is working or not, while only a nominal amount is paid on products inside the home and leisure, for example.

20 kroner for a vacuum cleaner

For example, you get an additional 1,000 points, 20 kroner, for the vacuum cleaner – whether it works or not.

Thus, it does not hurt to check whether you can get a higher amount, for example, Finn.no. This also applies to other products.

A working game console gives you an extra 2,500 points, 50 kroner, and a non-working one gives you an additional 500 points, which is 10 kroner.

Do you have a TV that is more than five years old and you want to get rid of it? Then you get 5,000 bonus points, i.e. 100 kroner, whether you succeed or not.

We also checked laptops:

A four-year-old laptop with an i5 chip and an attached charger, gives you an extra 5,000 points, 100 kroner, but if it doesn’t turn on it’s 150 points, 3 kroner.

13-inch MacBook Pro (2 GHz, i5 processor, 8 GB memory and 512 GB storage) does not work: 4763 points, which is equal to 95 kr. A version that works fine without damage gives you 158,763 bonus points = 3 175 crowns.

What about the mobile?

Apple iPhone 8 128 that is turned on, but has some damage, gives an additional 12559 points, 251 kroner. If it has screen damage, then the bonus amount is 6280 points (125 kroner), but if it is not turned on, you can get 942 points, i.e. 18 kroner.

The Samsung Galaxy S9 128 GB that is turned on, but has some damage, gives an additional 12,221 points, 244 kroner. If it has screen damage, then the bonus amount is 6111 points (122 kroner), but if it is not turned on, you can get 942 points, i.e. 18 kroner.

and discs?

iPad 9.7 “2017128 GB WiFi: 219 kronor (10,960 points) for screen damage and 438 kroner (21,920 additional points) if the screen is intact but the device has other damage.

Note that all amounts are estimates.