Are you contemplating upgrading to the latest iPhone, or perhaps just looking to declutter your tech drawer? Reselling your iPhone can be a savvy move, putting some extra cash in your pocket and ensuring your old device finds a new home. In this comprehensive guide, we’ll walk you through the various ways you can sell your iPhone, weighing the pros and cons of each method.
In this blog:
What to know before you sell
Before diving into the resale process, take some time to familiarize yourself with your iPhone’s model, storage capacity, and overall condition. This information will play a crucial role in determining its market value. Typically, iPhone models with bigger storage and in better condition are worth more.
Another key factor that significantly influences the resale value is the age of your iPhone – this is due to depreciation. Like any technology, iPhones experience depreciation as newer models are released. Generally, the newer the model, the higher the resale value. However, even older models can fetch a good price if they are well-maintained and in demand.
Consider the following factors when assessing the age-related depreciation:
- Release date: The closer your iPhone is to its release date, the higher its resale value is likely to be.
- Model upgrades: With each new iPhone release, technological advancements and improved features can quickly make older models less desirable. Be aware of how your model compares to the latest offerings.
- Software support: Apple provides software updates for a certain period. If your iPhone is no longer eligible for updates, its resale value may decrease as users prefer devices with the latest software features and security patches.
Understanding these factors will empower you to set a realistic resale price, ensuring you get the best value for your iPhone, even if it’s an older model.
Exploring your options
When it comes to reselling your iPhone, you have several options: selling through online marketplaces, trading it in with a network provider/carrier, or using a dedicated online trade-in platform. To help you with your decision, here are the pros and cons of each method:
Online marketplaces
Pros:
- Set your own price – Selling directly to a buyer often yields the highest return as you can set your own price.
- Wide reach – Platforms like eBay and Facebook Marketplace have a broad user base, increasing your chances of finding a buyer.
- Ease – It’s pretty easy to sell on online marketplaces, you just need to take some pictures and write a brief description of your product.
Cons:
- Time-consuming – Private sales may take longer, as finding the right buyer can be a time-intensive process.
- Fees – Some marketplaces charge seller fees which are deducted from your sale.
- Risk of scams – Dealing with unknown buyers carries a risk of scams or fraudulent activities.
Mobile network trade-ins
Pros:
- Convenience – Trade-ins with carriers are often straightforward and can be done at the time of your new phone purchase, so you can essentially swap your old phone for a new one.
- Instant credit – You’ll receive immediate credit towards a new phone or on your monthly bill.
Cons:
- Lower value – Trade-in values offered by carriers may be lower compared to private sales or dedicated trade-in services.
- Tied to carrier – Your options may be limited to the carrier’s trade-in program, restricting your choices.
Dedicated trade-in services
Pros:
- Simplicity – Dedicated trade-in providers like Decluttr offer simple and easy ways to trade in (we provide FREE shipping so you can send up your iPhone free of charge).
- Quick payouts – You’ll receive cash (not credit!) quickly without the waiting period associated with private sales.
- Guaranteed sale – Unlike online marketplaces, there is no haggling and you won’t get ghosted by indecisive buyers, so you’re guaranteed a sale AND you’ll know exactly how much you’ll get paid.
Cons:
- Condition assessments – Sometimes the condition you assign to your device might not align with the trade-in services valuation condition and so your item might be regraded which can affect the valuation price. However, here at Decluttr, we promise to pay the first price we quote or we’ll send your item back to you for free.
Upgrading your old iPhone? Look no further than Decluttr! Buy and Sell iPhones today.
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