Best Time to Trade In Your iPhone For Cash? (NBC News)

It’s all-but-confirmed that Apple will unveil a new iPhone — the iPhone 6S? — at a splashy event in San Francisco on September 9. If you’re thinking about trading in your “old” phone for money toward a new one, there’s no better time than right now.

IPhones hold their values quite well, and would-be traders have a lot of options to score cash or gift cards for their devices. But if you wait until you have the new model in your hands, you’ll find your “old” iPhone has already lost a chunk of its value.

Instead, in this final week before the high holy day for Apple fans, savvy traders can typically lock in prices that will hold for a few weeks. So, you can get your trade-in value guaranteed, and still keep your old phone while waiting for the new one.

It’s all-but-confirmed that Apple will unveil a new iPhone — the iPhone 6S? — at a splashy event in San Francisco on September 9. If you’re thinking about trading in your “old” phone for money toward a new one, there’s no better time than right now.

IPhones hold their values quite well, and would-be traders have a lot of options to score cash or gift cards for their devices. But if you wait until you have the new model in your hands, you’ll find your “old” iPhone has already lost a chunk of its value.

Instead, in this final week before the high holy day for Apple fans, savvy traders can typically lock in prices that will hold for a few weeks. So, you can get your trade-in value guaranteed, and still keep your old phone while waiting for the new one.

 New iPhone draws mixed reviews, long lines 2:30

That typically requires filling out a quick survey about your device. Most programs appraise your device’s value based on a few factors: the condition (cracked screens dent the value, of course), the network (Verizon phones tend to be more valuable than those from other carriers) and sometimes even the color.

Before you agree to trade in your valuable old iPhone, it’s important to shop around. A slew of third-party companies hand over cash for the devices (which they recycle, refurbish and resell). Apple and the major wireless carriers offer credits and possible further incentives, while big-box retailers offer gift cards.

iphone-6s-shoplemonde-01AppleEvent0901-167+copy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s