Resale Pricing of older device at Launch

[Aguaski]

I used a loophole to get an iPhone 5 with unlimited LTE data on Verizon. I insist on keeping unlimited data so I think the easiest way to swallow full retail price on the new 5s is to sell my iPhone 5 as close to launch as possible when resale values are still relatively good. This will be my first iPhone upgrade so I am curious what happens to resale values when a new iPhone is announced and launched. I fear the iPhone 5 will plunge in value which will make the upgrade cost more painful. Can anyone share their experience doing this with prior versions of the iPhone?

FYI - It is my intention to sell on eBay. My iPhone 5 is in mint condition. It has always been in a case and with a high quality screen protector. The phone is perfect with no scratches, dents or dings. Additionally, I will ship in the original box and include all factory documents, and never used headphones and charger. The phone is technically used but will hopefully feel like a new phone experience for my buyer. Hopefully I am able to fetch top dollar when my iPhone 5 sells.

 

[Eileen89]

Re: Resale Pricing At Launch

The price that the iPhone 5 is currently going for will definitely go down once the new iPhone is released. However, the iPhones do tend to hold their value pretty well. Therefore depending on what GB model you have, you should be able to get a good amount for it.

 

[Massie]

Re: Resale Pricing At Launch

For resale, getting your phone unlocked can raise its value significantly. Would probably only cost you 30-50 dollars at most, and maybe not even that much.

 

[Dennisgarcia]

Re: Resale Pricing At Launch

Or if it's on verizon your phone is already unlocked and ready to go.

 

[pr1nce]

Re: Resale Pricing At Launch

There's no doubt the price of the iPhone 5 will drop at launch of the new iPhone. However, these phones hold value well. You should be ok.

 

[Jaguarr40]

Re: Resale Pricing At Launch

I checked with a reputable place like Gazelle and for a perfect 4S I can get $200.00 for my 4S 16GB so if the new phone I presume for the same size is the same price I break even, By a new case unless same size as the 5 and Applecare+. I think i have it pretty well worked out on what I am going to do.

 

[Fausty82]

Re: Resale Pricing At Launch

I checked with a reputable place like Gazelle and for a perfect 4S I can get $200.00 for my 4S 16GB so if the new phone I presume for the same size is the same price I break even, By a new case unless same size as the 5 and Applecare+. I think i have it pretty well worked out on what I am going to do.

winner, winner, chicken dinner.

 

[swarlos]

Yeah you should be able to get 500+ still.

I sold the original iPhone back in the day to get the 3G for $500 really close to launch day so you should be fine.


Carried by a raven from The Wall.

 

[smileyboy]

Love this thread!! I do this every year and always come out ahead. I always do an international sale. I usually get $75-100 more on ebay. I always get the largest capacity just for the resale. I also am on VZW and plan to do the same.


Sent from my iPhone 5 using Tapatalk

 

[Padron26]

Re: Resale Pricing At Launch

Or if it's on verizon your phone is already unlocked and ready to go.

So The Verizon iP5 is already unlocked ?
If so I wish I would have know this before I bought a Jank Rogers wireless prepaid.

 

[Dennisgarcia]

Re: Resale Pricing At Launch

So The Verizon iP5 is already unlocked ?
If so I wish I would have know this before I bought a Jank Rogers wireless prepaid.

Yeah verizon comes unlocked already I don't know if it's internationally but it comes unlocked already.

 

[Padron26]

Re: Resale Pricing At Launch

Thanks, I was just googling this. Still trying to find more details on it.

 

[Aguaski]

Well I noticed that Gazelle is offering $325 for my 32 GB Verizon iPhone so I signed up for the offer. I have until October 10 to ship my old iPhone to Gazelle. Assuming the release date of the 5S is on September 20, then that should give me a couple weeks to ship the phone. As I understand it I am not obligated to ship my phone to Gazelle so I think I will first try a 3 day auction on eBay to see if I can get more cash, but it is nice to know that I have a decent price lock through Gazelle.

 

[Balooz]

Gazelle is only offering my iPhone 5 64gig for 230.00 ?!.... Sigh . Sprint.

 

[Peligro911]

eBay will always pay more than gazelle .. Where do you think gazelle sells the phones they buy .. Lol
Last year although I used a upgrade I pre ordered my new iPhone 5 and listed my 4s while and set the auction to end on the iPhone 5 launch day .. Auction ended and I swapped phones wiped the 4s and put in the mail .. I got like 400 it was a 16gb .. So you should be fine your out of pocket about be real close to a upgrade price ..


Sent from my iPhone 5 from a galaxy far far away (in the USA ) using Tapatalk !

 

[stlcheer]

Gazelle offered me $315 for my iPhone 5 16gb. I have ATT. I might try eBay first.

 

[Eileen89]

Gazelle offered me $315 for my iPhone 5 16gb. I have ATT. I might try eBay first.

Not bad. They are only offering me $350 for my unlocked 64GB iPhone 5. They gave me a lot more than that last year when I sold my 4S to them.


Sent from my iPad Mini using Tapatalk 2

 

[Eileen89]

Gazelle is only offering my iPhone 5 64gig for 230.00 ?!.... Sigh . Sprint.

They offered me $350 for the same model, only mine is AT&T unlocked. Weird how they aren't paying out the same for the Sprint iPhone 5.


Sent from my iPad Mini using Tapatalk 2

 

[Peligro911]

Not bad. They are only offering me $350 for my unlocked 64GB iPhone 5. They gave me a lot more than that last year when I sold my 4S to them.


Sent from my iPad Mini using Tapatalk 2

That would be like 500 on eBay


Sent from my iPhone 5 from a galaxy far far away (in the USA ) using Tapatalk !

 

[Bekrah]

I just sold my iPhone 5 (64GB) on Amazon for $630. I sold my 4S last year for $440 right after the iPhone 5 was announced.