With less than 24 hours before the iPhone 6 is finally made official, many iPhone owners are looking to unload their old devices in order to mitigate the cost of a new phone — especially the 5.5-inch iPhone 6, rumored to cost $100 more than the 4.7-inch model. There are countless vendors that would be more than happy to snap up your iPhone 5, but before you take the first offer, it’s worth shopping around.
UpgradeSwap has cobbled together a list of all the best place to sell your old iPhone along with the payout range you can expect from each and the reasons you might choose one over another.
First up are eBay and Craigslist. You’re likely to make more money than you would from a trade-in site like Gazelle or uSell, but you have to be willing to put in the time and effort to create a listing, meet with/ship the device to a stranger and field questions from anyone interested in your phone. eBay payout can be anywhere from $207 – $470 and Craigslist is listed at $221 – $397.
If you’d rather take the money and run, trade-in sites are infinitely more convenient. Depending on your timing, there’s even a chance you’ll get around the same price for your used device as you would selling it to an individual. Each of the trade-in sites have a price lock feature which ensures that you’ll get the best price for your phone, even if you decide to hold on to it for a few extra weeks. UpgradeSwap happens to have the longest price lock, lasting until November 3rd no matter which phone you want to trade in.
Between UpgradeSwap, Gazelle, uSell and Nextworth, you’re looking at anywhere between $100 and $260, depending on the model of iPhone.
T-Mobile is even joining in on the trade-in madness — the carrier announced on Monday that is would beat any offer from any other major carrier this fall, give the customer back the difference in price and then throw in $50 on top of that. This offer starts on September 17th and will only last for a limited time.