Last Updated on July 21, 2020 by Husain Parvez
Every season, mobile phones are being upgraded by manufacturers. This makes people go gaga over changing their phones every time a new model comes out in the market. Most manufacturers publish ahead new models coming up to let the customers have a sneak peek of the latest functions and features of this new model. This also gives the customers the estimated cost and giving those people who are saving for a new gadget purchase.
If you are one of these people who is planning to get a new iPhone and you cannot just buy it because you do not have enough cash to purchase it? There is one perfect solution to that if you still have your old phone. You can either sell or trade it, but you need to weigh some conditions. Here is a quick guide for you, to help you think about the options and decide later on.
Trade-in Deals
You have two options when you plan to trade-in your old phone. First, original company sellers do this for their own products. You can get a new unit with the same brand by trading-in your old phone unit and just add cash if the value is quite different. Or you can also trade in your phone in trading marketing sites where you have the option to choose which brand or type of phone you would like to trade.
If you wonder will it be worth it to trade your phone rather than selling it, you need to assess your old phone’s condition first. An appraiser would usually ask some questions about your phone. These questions would be the name of your device’s manufacturer, how old have you been using the device, and if there are physical and software defects. It is good to trade-in a device if it is 100% useful and functional, the physical features can be an added point. If you are trading it with a manufacturer, they would offer you additional incentives rather than getting it and pay you in cash. For some, they will offer you with free assistance in transferring all the data from your phone and SIM card to our new device.
There are some downsides to trading your phone. If you are not keen on choosing which trading market place you are trying to deal with, there is a chance of being fooled. You have to be careful by checking out reviews made for the buyer from its customers. Of course, choose that appraiser who has a good review and will give you good terms as well. If possible, there should be a supporting document that states the terms and conditions of the trade like date of purchase, conditions of both devices during the trade, that both were also tested, product return conditions, and the inclusions such as services or accessories.
Selling your phone on online buying sites
If you have traded your iPhone you will not absolutely get any cash on hand. But if your goal of selling your old phone is to have cash, then selling it will be the best idea. As long as you own the phone and it is not locked with any carrier, you can always do this anytime. You may have several options to use when you sell like having it posted on a social media platform or in online buying sites.
If your device is an iPhone, there is a greater chance for you to sell it online. Any model can still be sold at a higher price as compared with other products. Buyers would first check this brand since its a popular phone model anywhere in the world. The latest models still have low depreciated value so you can sell it definitely at a higher cost rather than trading it with another type which can be of lower specifications, too.
Using social media platforms can be easy, you just post your device’s specifications and tell how much you sell it for. There some downsides to this, people might ask for a lower cost because they are buying from their buying capability. It can also happen that you can come across bogus buyers who would make a deal and in the end just cancel buying it. This is the risk when you use social media for selling.
E-Commerce selling platforms
There are also available e-Commerce platforms for trading or selling your phone that are mostly utilized by buyers. One requirement here is for you to set up an account before you could sell your item. This process can take longer, but it is also a good way of making sure that your price is fixed and nobody can haggle with it.
While the easiest way to sell your old device can be done online, there are also available appraisers who do the business through a website. You just need to send them your device’s model, the condition and be able to provide modes of payment for the appraiser. The use of these online appraisers is a good platform because most of them would give the price range of any device model. It can be by brand and according to the model, then you just choose who gives you the best price deal. Once you have chosen it, then you will send them your device and you get your cash.
So, if your purpose is to get cash, selling it on these online appraisers will be the best choice. It’s going to be lesser stress for you and you are sure that the device will be bought. Just choose the best deal for the model of your device.
Whether it’s for a new upgrade or cash, you really need to check on your old device’s condition first. Then make sure that you know how much it’s worth it now so you have pretty much marginal cost when you attempt to sell it. Either way, what is important is you get the best deal and value for the device that you want to trade or sell. After all, iPhones still have good value even if they’re for trade or selling.
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