Apple is set to introduce the new iPhone 8 in a few short months, and hoards of Apple enthusiasts will want to upgrade. Inevitably, they will tell themselves, “I want to sell my iPhone, but what is the best way?”
There are so many options available that it can be a little overwhelming. Should I trade in for cash, trade in for credit, sell privately to an individual, or sell to an online marketplace? Depending on how you want to sell your iPhone, there will be a large variance in prices and fees.
Whether you decided to sell your iPhone today or in a few weeks, you will want to act soon. Resale prices for used iPhones typically plummet by about 10% in the first two weeks after a new iPhone is announced. Before you sell your iPhone, be sure to reset your phone to factory settings to remove and protect your personal information that was stored on the device.
Selling a used iPhone is similar to selling a house or a car. Selling an iPhone yourself will bring the most cash however, it takes the most time and can sometimes be a hassle. You have to write a detailed description, clean the device, take photographs, answer questions from potential buyers, and negotiating a final sale price. Wow, are you tired yet?
Craigslist, eBay, Digital Garage Sale:
If you are looking to get the most money for your iPhone and aren’t worried about the challenges and possible scams when selling on Craigslist or eBay, then go for it! There have also been other classified sale sites pop up in recent years like LetGo and OfferUp that act like a digital garage sale.
One of the easiest options for trading in your iPhone is to use your wireless provider: AT&T, Verizon, Sprint, and T-Mobile. Most major carriers have trade in programs in place to help their customers recoup some money from their old iPhone. As you’d imagine, carriers don’t pay top-dollar for used iPhones as they know they will be able to cash in on customers who are upgrading to the new iPhone.
Apple now offers a Mac and iPhone buyback program. It makes sense, right? You purchase a new device from them; they recycle your old device and give you some credit for it. The downside is, they do not pay as much and only offer store credit/gift cards. If you are thinking about switching to a non-Apple device or just need the cash, this would not be the best option for you.
Third Party Service:
Another option for selling an iPhone is to use a third party iPhone trade in service. Most of these services offer a happy medium between ease of sale and price for your iPhone. Most trade-in services provide a hassle-free quote for your iPhone based on the model, condition, and if there are any issues like a cracked screen or water damage. Quotes are typically locked in for 30 days, which gives you time to make a decision before prices fluctuate. Once you receive your free shipping label, just package your iPhone and send it in to be processed.
If you choose to use an iPhone trade-in service to sell your iPhone, be sure to research companies before making a decision. If the offer seems too good to be true, it could be a scam. Make sure the company is BBB Accredited and has been in business for at least one year. This will ensure you choose the right company when you want to sell your iPhone.
The best overall option for you boils down to a few simple questions. How fast do you want to sell your iPhone? How much do you expect to be paid for your iPhone? How much effort do you want to put into selling your iPhone? These are all questions you need to ask yourself in order to make the best decision possible.
iSellMyiPhone has been offering an easy, hassle-free iPhone trade-in service since 2011. When the new iPhones are announced and you tell yourself, “I want to sell my iPhone,” visit iSellMyiPhone and receive an instant quote to determine your iPhone trade-in value. Use WTSIP7 for an extra $5 when selling an iPhone, iPad, or Apple Watch valued at over $150.