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The best ways to sell or trade in your iPhone


Sell your old iPhone to cover the costs of your new iPhone. Angela Lang / CNET

With the iPhone 11, 11 Pro and 11 Pro Max now on the market many Apple enthusiasts are thinking of upgrade plans. You want one of the newer models, but you have probably already sunk a lot of money into one of the old ones. One solution: sell your current iPhone to subsidize the new one. Logical, but what is the best way to tackle that? Don't be afraid ̵

1; we've outlined all the best practices for selling your iPhone and maximizing profit.

Read more: Best places to sell your used electronics in 2019 | Best trade-in options for mobile phones for iPhones and Android phones

Sell your old phone, option 1: use a service

Trade in your device for cash, store credit cards or gift cards is often the least profitable option, but it is also more a "sure thing". Indeed, unless the phone is not as you described it when you received a quote, you should get your money without any risk of post-sale liability issues. And if your iPhone is in a poor condition, some companies will still use the device – even if it is not turned on at all. Trade in your iPhone instead of selling the device is a great option if you're willing to give up some profit for a quick and easy process, convenience, and peace of mind.

There are traditional trade-in options such as those offered by Apple and Best Buy, and then there are buy / sell market places (see below). Before you spend a lot of time on quote hopping, you can go to Flipsy, which compares the trade-in values ​​for around 20 buy-back stores. It shows you the payment methods, the duration of the price lock (that is how long you have to do before you have to send the phone) and the price based on the condition. (Unfortunately, because every buy-back program and store is little different when it comes to "condition" definitions, Flipsy does not go beyond the phone model, carrier and storage.) SellCell is another price comparison service for anyone who wants to score the highest dollar. for an old telephone.

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Flipsy makes it very easy to compare the buy-back percentages of certain iPhone models. Here you can see, for example, what an unlocked iPhone 8 Plus can offer you.

Screenshot by Alison DeNisco Rayome / CNET

If you prefer to view a few individual market places yourself, these are worth seeing:

How to sell your old telephone, option 2: trade it in for a new

intermediary, so to speak ? You can also go back to the source: Apple's iPhone trade-in program provides an easy way to better afford a new iPhone because transactions pay your Apple Store credit net. select models, all in "good" condition:

  • iPhone 6S Plus: $ 120
  • iPhone 8: $ 220
  • iPhone X: $ 400

Those rates are on the low side, especially considering the fact Apple doesn't do that You can't even specify how much storage your phone has. (An iPhone 8 with 256 GB should be worth much more than one with, say, 64 GB.) Indeed, an unlocked iPhone 8 with 64 GB could, according to Flipsy, yield up to $ 292 from a buy-back service.

Best Buy also offers a trade-in program; at the time of printing, a 64 GB iPhone 8 in good condition would give you $ 170, while a 256 GB iPhone 8 would give you $ 190 (curiously, Best Buy does not seem to accept unlocked transactions, only those of one of the Big Four carriers).

Like with Apple, your Best Buy trade-in results in a Best Buy gift voucher – great if you're a Best Buy fan or are planning to buy your next iPhone there, but not ideal if you were hoping for cash .

The most important take-away meals here: look around. There are many services that are willing to buy or market your old iPhone, but you'd better sell it yourself.

How to sell your old phone, option 3: Sell it yourself

If you sell an iPhone yourself, you usually get the most profit, but this is not without risk and hassle.

Craigslist: Craigslist is the riskiest option but you receive cold, hard money for your device. The biggest challenge here is not to find customers, but to make them appear. Be prepared for flakes.

If you decide to use Craigslist or another personal option, make sure you meet your buyer in a well-lit, public place (many police services offer their parking places as transaction sites ). For a smooth transaction, make the agreement clear prior to the meeting – your customer must know the price, state of the phone, and the wireless network provider in advance (especially if the phone is not unlocked).

eBay: If you don't mind doing some work – noting, sending, and paying a small selling price – eBay is a better place than Craigslist to sell a used iPhone. Because eBay offers its buyers purchase protection, people are more comfortable buying from strangers.

The disadvantage? Fees. eBay charges a sales fee for products sold through its site: 10% of the final value (selling price). If you accept payment via PayPal, this will charge 2.9% (4% if sold internationally) of the final value.

To price your device, search for your model on eBay and check the "sold" listings. At the time this article is being written, these are the rates that apply to various used (unlocked) iPhones on eBay:

If there is a downside to selling your iPhone on eBay, this is the potential risk of remorse through buyers. eBay offers protection to both the seller and the buyer, but tends the side of the buyer in the event of a dispute. Fraudsters know how they can benefit from this. You can minimize your risk by documenting everything (including photos & screenshots of the phone's IMEI number) and ensuring that you receive a signed delivery note.

When you sell your old iPhone: Right now

The newest batch of iPhones has been on sale since September, which means that your old phone loses value every day. It is estimated that within 24 hours of the iPhone 11 unveiling, your old phone will be lost up to 30% of the trade-in value according to a recent report from the telephone refurbisher Decluttr. That goes with the numbers we have seen in previous years, and with a similar report from MusicMagpie about telephone debits.

One concern is that if you sell your old phone immediately, you will be without a phone until the new one arrives. Fortunately, many of the aforementioned buy-in and trade-in services give you a grace period (also known as a "prize lock") of up to 30 days after selling your phone before you have to send it – hopefully enough to buy and receive your new phone and receive everything migrated (including the SIM card – don't forget that!).

What you should know before you sell your old iPhone

Whether you sell your iPhone yourself or trade it in with a third party, there are a few things you need to do to ensure that Your data is safe:

  • Back up : Back up all your important data – including contact, photos, videos & apps – using from Apple's iCloud service or an external cloud storage service.
  • Disable Find My : Apple & # 39; s Find My app (formerly known as Find My iPhone) is a security feature that must be disabled before selling your phone – – or no one else will be able to use or reset it. To disable Find My, open the Settings app on your iPhone and go to Settings> [Your username]> Find My and disable it.
  • Wipe it off : Log out of all apps, services, and connected accounts (such as your iCloud account). Then open the app Settings and go to General> Reset> Clear all content and settings to clear everything from your iPhone. Once this is complete, you can also go to General> Reset> Reset all settings to restore the iPhone to the factory settings, in case.
  • Remove the SIM card: Don don't forget to take out your SIM card, which you will probably need for the new phone to keep your existing number and service.

You will receive the most money for your phone if it is in top shape, but you can still do well if it is in "good" condition: no cracks in the screen, no big dents or scratches in the case, no water damage and everything works well (which means that the phone is switched on, charged, etc.).

If your phone is damaged, you can probably still get something for it, even if it is not switched on. It is not worth repairing a cracked screen before you sell it, but if your screen is only slightly damaged – for example, a small hairline in the corner – you may want to sell it yourself instead of trading it in. A person may be willing to overlook superficial screen damage for a good price.

Have you gone through this old-to-new sales process in the past? Which option did you choose and what was the experience like? Tell us about it in the comments!

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This post was previously published and has since been updated with new information.

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