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Want a new iPhone 13? Find out what your old iPhone is really worth first

  • September 24, 2021

newest round of iPhones coming out Friday, before a trade-in to upgrade, some consumers may wonder what’s the actual value of their older phone.

Is it better to sell online? Maybe go through a private dealer rather than seek an upgrade through a carrier? And, which older phone can get you the most bang for your buck?

“Decisions, decisions,” said Sara Beane, a spokeswoman for Swappa, a Kansas City-based peer-to-peer online marketplace that specializes in reselling older phones and technology. “Selling your iPhone can earn you twice as much money back, if you want to sell it on your own.”

These headache-inducing questions come as a new study says about 47% of American consumers wouldn’t be able to live without their phone. And, more than a third of those consumers believe that their phone is the mostimportant thing they own.

“This shows how our phones, especially during the pandemic, has become a lifeline of sorts during this difficult time and it may only get stronger,” said Kady Srinivasan, the head of global marketing at Klaviyo, an ecommerce marketing platform. “I think it underscores how important our phones have become in both our personal and professional lives.”

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That potential interpersonal disconnect, as well as FOMO (fear of missing out), could leave many iPhone lovers looking to spend between $700 to $1,000 for that upgrade and frantically scouring how and where to sell their current model.

“It’s like a big moment in time, to buy or not to buy,” Srinivasan said. “But the bigger question is, ‘Am I going to be the cool kid with a new phone or not?'”

Those consumers also have to possibly brace themselves for a big letdown. For example, Apple’s estimated trade-in prices range from up to $790 for last year’s iPhone 12 Pro Max to up to $400 for an iPhone 12 Mini. 

Beane argues because dealers and carriers may only pay half as much for a used iPhone, it might be better for owners to sell directly to another person to get paid in cash rather than store gift cards or credit.  

:”You can get up to 50% more selling directly person-to-person,” Beane said. “We’ve seen that iPhones are pretty resilient and tend to hold their value. Might as well try to get your money’s worth.” 

Sites like Swappa won’t charge iPhone owners to list their used device and will do an extensive check to see if it was previously stolen or lost, Beane said. Other sites like Gazelle will tell owners how much their used iPhone is worth just by entering the model and the condition.

Beane said many are “pleasantly surprised” that the iPhone resell market is stronger than expected as “not everyone can afford to, or is comfortable spending a lot of money for a new phone.”

And the iPhone’s durability leads consumers to buy previous versions, Beane said.

The current model topping Swappa’s top-selling used iPhone list isn’t the most recent model like the highly-hyped iPhone X released in 2017, or its successor, the iPhone 11.  It’s actually the underrated iPhone 8, which also was released four years ago.

excellent reviews and was even called by USA TODAY “a solid purchase option,” but got engulfed by the X’s fanfare.

“The iPhone 8 does everything you need, without breaking the bank,” according to Swappa’s website.

The iPhone 8 also was Swappa’s most bought and sold iPhone in 2020, a testament to its resiliency as well as affordability, Beane said. The average price for the iPhone on Swappa is $183.

“We tend to think of the iPhone 8 as being old, but it’s very good. I actually have one as luck would have it,” said Beane, adding that her husband and two sons also have that same model for about three years. 

The other top-selling used iPhones on Swappa’s list including the XR, X, 11, and 7, all have something else in common besides affordability. The devices can all run iOS 15, iPhone’s latest operating system released Monday, including the ability to FaceTime on Android and Windows devices. 

Beane said even the iPhone 6S, which came out in 2015, has the capacity to use iOS 15, also making it an affordable option.

“It’s amazing what you may consider to be old, but look that there’s still a market for it,” Beane said. “Don’t discount the idea that your phone is not worth anything.”

Article source: http://rssfeeds.usatoday.com/~/667455724/0/usatoday-techtopstories~Want-a-new-iPhone-Find-out-what-your-old-iPhone-is-really-worth-first/

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