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With new iPhones just around the cornerIt's time to think about your upgrade plans. Of course, you want one of the new models – but you have already paid a nice penny for one of the old ones.
Solution: Sell this old iPhone to subsidize the new one. Here's how to get rid of it in the most cost-effective way.
Look at this:
Sell your old iPhone for the most money
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Do it now
The closer you get to the new pre-orders for iPhone, the less worthwhile your previous model is. According to Yanyan Ji, general manager of Gazelle, the latest iPhone model has lost up to 100 dollars after the release of the new iPhone, and previous models can decline by 10 to 20%.
MusicMagpie, a UK-based technology exchange site (which operates in the United States as Decluttr), notes that Apple phones have the lowest depreciation of all brands, but that iPhones will lose new models.
If you have a backup phone – or can borrow one – sell your phone now. If this is not an option, some sites (including Gazelle) grant you a grace period of up to 30 days before you send your phone.
Before you sell
Whether you're selling your iPhone for yourself or selling it to a third-party company, there are a few things to do to make sure your data is safe:
- Save: Back up all your important data – including contacts, photos, videos and apps – using Apple's iCloud service or a third-party cloud storage service.
- Disable Find My iPhone: Find My iPhone is a security feature that must be turned off before you sell your phone – or anyone else will be able to use or reset it. To turn off the Find My iPhone option, open the Settings app on your iPhone and go to iCloud> Find my iPhone and disable it.
- The windshield: Log out of all connected apps, services, and accounts (such as iCloud). Then open the Settings app and go to General> Reset> Clear all content and settings to clear everything from your iPhone. Once this is done, you can also go to General> Reset> Reset all settings to restore the iPhone to the factory settings, just in case.
- Remove the SIM card: Do not forget to bring out your SIM card, which you will probably need for the new phone to keep your existing number and service.
You will get the maximum amount of money for your phone if it is in perfect condition, but you can still do things properly if it is in "good condition": no cracks in the phone. screen, no big bumps or scratches in the case, no water damage and everything works fine (which means that the phone turns on, holds a charge, etc.).
And if your iPhone is damaged?
If your phone is damaged, you can probably still find something there, even if it does not turn on. It is not worth repairing a cracked screen before selling it, but if your screen is slightly damaged – a small crack in the corner, for example – you can sell it yourself instead of selling it. An individual may be willing to neglect the superficial damage of the screen for a good price.
Option 1: Sell it yourself
Selling your iPhone for yourself will usually bring you the most profit, but it's not without risk.
craigslist
Craigslist is the most risky option, but you will receive money for your device. The biggest challenge is not to find customers, but to make them appear. Be ready for the flakes.
If you decide to use Craigslist or another option in person, make sure to meet your buyer in a well-lit public place (many police departments). propose their car parks as transaction sites). For the transaction to be as fluid as possible, make sure the agreement is clear before the meeting – your customer needs to know in advance the price, the state of the phone and its wireless carrier.
eBay
If you do not mind putting in some work – listing, shipping and paying a small sales commission – eBay is a better option than Craigslist to sell your used iPhone. Because eBay offers its buyers a purchase protection, people are more comfortable buying from strangers.
The wrong side? Fees. eBay charges sales fees for products sold on its site: 10% of the final value (selling price). If you accept payment via PayPal, a 2.9% charge (4% if sold internationally) is charged.
To rate your device, search for your model on eBay and check the "sold" listings. At the time of writing this article, these are the preferential rates for different iPhones used on eBay:
The main disadvantage of selling your iPhone on eBay is the potential risk of buyers' remorse. eBay offers both seller and buyer protection, but tends to side with the buyer in the event of litigation. The scammers know how to take advantage of it. You can minimize your risk by documenting everything and shipping your device via a tracking service with proof of delivery.
Option 2: Use a service
Negotiating your device for cash, store credits or gift cards is often the least profitable option, but you will not be responsible for any problems related to it either. device once it has left you hands. (In addition, if your iPhone is in poor condition, some companies will continue to take it, even if it does not turn on at all). Trading your iPhone instead of selling it is a great option if you're willing to give away a bit of profit for convenience and peace of mind.
There are traditional takeover options, such as those offered by Apple and Best Buy, and then buy and sell markets such as Decluttr, Gazelle, Glyde, NextWorth and Swappa.
Do not want to spend time jumping from one store to another to get quotes? Head to Flipsy, which compares the takeover values on approximately 20 buyout stores. It shows you the payment methods, the price blocking duration (how long you need to send the phone) and the price depending on the conditions. (Unfortunately, because each repurchase store is not very different in terms of condition definitions, Flipsy does not do more research than the phone model, the operator, and the storage).
For reference, here are some examples of Apple, Best Buy and Gazelle's takeover prices:
Apple Recovery Program
Apple's recovery program has not yet an online contract on the iPhone 8 or the iPhone X. But if you have an old model, it's a way potentially easy to make a new one, as trades are reporting Apple Store credit.
The estimated Apple recovery values (which vary by model and condition and are accurate as of September 10, 2018) are as follows:
Best Buy Trade In
In the past, Best Buy offered some of the best buy-in prices, but it's important to note that your money is in Best Buy gift cards. This is fine if you are a fan of Best Buy or if you plan to buy your next iPhone, but it is not ideal if you are looking to buy elsewhere.
The commercial values of Best Buy are based on the carrier, the color, the capacity and, of course, the condition. Some examples:
- iPhone 8 (64GB) on AT & T, silver, good condition: 285 $
- iPhone 7 Plus (128GB) on Sprint, gold, good condition: 290 $
- iPhone 6s (64GB), unlocked, dark gray, good condition: $ 0 (yes – Best Buy will not give you a penny for this model)
Gazelle
Gazelle is a third-party buyout company that offers direct payments (by check or PayPal, with an Amazon gift card option) for your device. Even scratched / broken iPhones can be worth something; an iPhone 7 with clearly visible scratches and cracks could be worth up to $ 90.
Gazelle tends to offer less for carrier phones, so you may want to unlock your phone before you exchange it. Some examples of current trade prices:
- iPhone 8 (64 GB), unlocked, perfect condition: $ 350
- iPhone 7 Plus (256GB), unlocked, perfect condition: $ 330
Have you ever sold or traded an iPhone? If so, what method did you use and how was the experience?
Posted on August 22, 2016.
Update September 11, 2019 at 06:00 PT: Add new information on prices and exchanges.
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