Companies That Buy and Sell Used Hearing Aids - Affordable Options

The Growing Market for Used Hearing Aids

The hearing aid industry has seen immense growth and innovation in recent years. New technology has led to major improvements in sound quality, connectivity, and customization. But with this innovation comes increased costs. On average, a set of new hearing aids purchased through a licensed audiologist costs around $2,300 per ear. For many consumers, especially seniors on fixed incomes, this price tag is simply unattainable.

Fortunately, a thriving secondary market has emerged to meet the need for affordable, quality used hearing aids. Rather than buying new, more and more consumers are turning to companies that specialize in buying and reselling pre-owned devices. Industry experts estimate the used hearing aid market to be worth over $1 billion annually in the United States alone.

Why Buy Used?

Purchasing used hearing aids offers significant cost savings, often hundreds or even thousands less than new. Buying used also gives access to high-end models and features that may be outside budget constraints if purchased new.

Additionally, buying used can be an eco-friendly choice, reducing waste by giving existing hearing aids new life with another owner. And the quick turnover of new models means used devices are rarely more than a few years old.

Factors to Consider

Those interested in buying used should consider a few important factors:

• Reputable seller - An established company with expertise in used hearing aids.
• Return policy - Many used sellers offer no-risk trial periods.
• Inspection - Devices should be cleaned, tested and graded to disclose condition.
• Warranty - A 6-month to 1-year warranty is common for used devices.
• Fitting - May require a trip to audiologist for adjustment and programming.
• Battery life - Ask the seller to test and report on remaining battery life.

Where to Buy Used Hearing Aids

There are now many excellent options for purchasing quality refurbished hearing aids both online and in-person.

Online Retailers

A growing number of specialized online retailers sell professionally inspected and tested pre-owned hearing devices. Purchasing online provides convenience and significant savings off audiologist prices. Reputable online used hearing aid sellers include:

• HearingDirect - One of the largest online used hearing aid retailers, HearingDirect offers free returns, a 180-day warranty, and low price guarantee.
• Eargo - A well-known direct-to-consumer hearing aid brand that offers discounted certified pre-owned devices with a 45-day trial period and 1-year warranty.
• HearAgain - Sells used hearing aids cleaned and inspected by licensed hearing professionals, with custom programming and a 6-month warranty.

Audiologist Offices

Many independent audiology and hearing aid clinics have added used device sales to their offerings. Purchasing through an audiologist provides expert help with fittings and programming. However, audiologist pricing is generally higher than online used retailers.

eBay and Other Marketplaces

Used hearing aids can also be found on eBay, Craigslist, and Facebook Marketplace. However, caution is warranted when buying through unregulated sites, as product quality and seller reputation can be hard to verify.

Top Companies Buying Used Hearing Aids

A number of specialized companies now focus exclusively on acquiring and reselling pre-owned hearing aids. They accept devices bought new or used and refurbish them through thorough cleaning, testing, and replacement of worn parts. Here are some of the top used hearing aid buyers:

HearingDirect

HearingDirect is one of the largest and most reputable buyers and resellers of refurbished hearing aids. The company has bought and resold over 100,000 recycled hearing devices. They accept trade-ins both online and at their 15 store locations. HearingDirect inspects, cleans, tests, and warranties all used devices before offering them for resale at discounted prices. They stock all major brands and styles.

My Hearing Direct

This trusted used hearing aid company has provided affordable refurbished hearing aids and services for over a decade. They accept trade-ins of new and used devices in any condition and provide free shipping. All traded in devices receive computer diagnostic testing and professional cleaning before resale. My Hearing Direct specializes in major brands like Phonak, Oticon, Starkey, and Signia.

Nationwide Hearing

Nationwide Hearing aids buys used devices directly from consumers through their website and network of store locations across the U.S. Used hearing aids can be sold online or in person. Nationwide Hearing Aid recycles the traded-in devices, thoroughly tests and cleans them, and resells select models through their online store and physical outlets. All refurbished hearing aids come with a 1-year warranty.

Eargo

Eargo, one of the most innovative direct-to-consumer hearing aid brands, offers a recycling program for their devices. Customers can print a free return label from the Eargo website and mail back used devices in any condition. Returned Eargo hearing aids are refurbished and resold at discounted prices through their certified pre-owned program, which includes a 45-day trial and 1-year warranty.

Starkey

Starkey, a leading global hearing technology company, accepts trade-ins of old Starkey devices which they refurbish, upgrade, and resell. Known as the Starkey Hearing Foundation Hear Now program, their recycling initiative focuses on providing affordable, gently-used hearing aids to people in financial need. Devices can be mailed in or dropped off at participating Starkey locations.

The Process of Trading In Used Hearing Aids

Selling used hearing aids to buy-back companies involves a few simple steps:

Research Buyers

Find a reputable buyer with fair trade-in values and a track record of quality refurbished devices. Online retailers will often provide free prepaid shipping labels.

Clean and Package Devices

Used hearing aids should be cleaned of earwax and debris before mailing. Include all parts like batteries and earpieces. Securely package devices to prevent damage.

Ship Devices

Attach shipping label provided by the buyer and mail package through prepaid service like UPS or USPS. Insure package for full value.

Accept the Offer

The buyer will inspect and test devices upon receipt, then contact you with a fair market value purchase offer. Accept offer to complete sale.

Receive Payment

After you accept the trade-in offer, the hearing aid buyer will mail payment via check or direct deposit. Payment is typically received within 5-10 business days.

Getting the Best Price for Used Hearing Aids

Trade-in values for used hearing aids vary based on several factors:

• Brand - Leading manufacturers like Phonak, Oticon, and Signia command higher prices.
• Age - Newer models less than 2 years old typically yield higher offers.
• Condition - Devices that are clean and undamaged bring better offers.
• Technology - Advanced features and connectivity boost value.
• Model - Higher-end and premium models trade in for more.
• Rechargability - Built-in rechargeable batteries are highly desirable.

Compare buyback quotes from multiple reputable companies to maximize your trade-in value. Provide details like make, model, and condition when requesting quotes. Consider buying discounted refurbished replacements to offset trade-in earnings.

Why Sell Used Hearing Aids?

Trading in used hearing aids provides several potential benefits:

• Money - Sell to offset cost of new devices or simply earn cash.
• Convenience - Avoid the hassle of selling privately.
• Upgrade - Fund improved features and connectivity.
• Donation - Opportunity to help those in need.
• Eco-Friendly - Keeps devices in use and out of landfills.

The Future of Used Hearing Aids

With increasing awareness and declining stigma, the used hearing aid market looks poised for continued expansion. Improved access to affordable, quality pre-owned devices benefits millions of people with hearing loss. Further innovation and competition in the sector will likely drive improved selection and service. As technology continues rapidly advancing, recycling programs enable consumers to upgrade more frequently. For many, buying used is the optimal balance of cost savings and responsible functionality.

Disclaimer: This article is for informational purposes only and does not constitute medical advice. Always consult with a healthcare professional before starting any new treatment regimen.