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How to offset the cost of your pricey new iPhone 5 by trading your old iPhone for cash

post #1 of 33
Thread Starter 
With Apple's US carrier partners charging existing subscribers higher fees for this year's iPhone model, AppleInsider took a closer look at trade in services that can help offset some of these added costs when you sell them your old iPhone.

While Apple's recycling program, which is run by PowerON, and Best Buy both offer gift cards to their stores in exchange for old iPhones, several other services provide cash in exchange.

The below comparison offers an idea of how much money customers can get for trading in their used iPhone 3GS, iPhone 4 or iPhone 4S with some of the most popular services available. The trade in values shown are for iPhones in like-new condition, and as a result show the best-possible payment from each company. Actual trade-in values will vary for devices in worse-than-pristine shape, and you can click through the respective links to obtain a specific quote for the condition of your iPhone.

And since many iPhone users are unwilling to trade away their old iPhone until their new one arrives, many of the services offer to lock in trade value quotes for the next few weeks. For example, NextWorth, which is amongst the highest cash paying services, will lock in quotes for three full weeks -- meaning you can wait to send them your handset until your iPhone 5 arrives at your door.

MacBook Pro


Flawless


Good

Broken
Current iPhone Trade-in Payouts (Oct 10th 2014)
iPhone 3G 16GB (AT&T or Unlocked) $12 $10 $0
iPhone 3G 8GB (AT&T or Unlocked) $12 $10 $0
iPhone 3G S 16GB (AT&T or Unlocked) $12 $10 $5
iPhone 3G S 32GB (AT&T or Unlocked) $12 $10 $5
iPhone 3G S 8GB (AT&T or Unlocked) $12 $10 $5
iPhone 4 16GB (AT&T or Unlocked) $105 $100 $50
iPhone 4 16GB (Verizon) $80 $75 $30
iPhone 4 32GB (AT&T or Unlocked) $110 $105 $50
iPhone 4 32GB (Verizon) $82 $77 $30
iPhone 4 8GB (AT&T or Unlocked) $100 $95 $50
iPhone 4 8GB (other) $55 $50 $20
iPhone 4 8GB (Sprint) $65 $60 $20
iPhone 4 8GB (T-Mobile) $70 $65 $20
iPhone 4 8GB (Verizon) $65 $60 $20
iPhone 4S 8GB (AT&T or Unlocked) $170 $160 $70
iPhone 4S 8GB (other) $130 $120 $50
iPhone 4S 8GB (Sprint) $150 $140 $60
iPhone 4S 8GB (T-Mobile) $150 $140 $60
iPhone 4S 8GB (Verizon) $150 $140 $60
iPhone 4S 16GB (AT&T or Unlocked) $175 $165 $80
iPhone 4S 16GB (other) $140 $130 $60
iPhone 4S 16GB (Sprint) $160 $150 $65
iPhone 4S 16GB (T-Mobile) $160 $150 $65
iPhone 4S 16GB (Verizon) $160 $150 $65
iPhone 4S 32GB (AT&T or Unlocked) $180 $170 $80
iPhone 4S 32GB (other) $140 $130 $60
iPhone 4S 32GB (Sprint) $165 $155 $65
iPhone 4S 32GB (Verizon) $165 $155 $65
iPhone 4S 64GB (AT&T or Unlocked) $185 $175 $80
iPhone 4S 64GB (other) $140 $130 $60
iPhone 4S 64GB (Sprint) $170 $160 $65
iPhone 4S 64GB (Verizon) $170 $160 $65
iPhone 5 16GB (AT&T or Unlocked) $280 $270 $110
iPhone 5 16GB (other) $210 $200 $80
iPhone 5 16GB (Sprint) $210 $200 $80
iPhone 5 16GB (T-Mobile) $250 $240 $80
iPhone 5 16GB (Verizon) $290 $280 $110
iPhone 5 32GB (AT&T or Unlocked) $285 $275 $110
iPhone 5 32GB (other) $215 $205 $80
iPhone 5 32GB (Sprint) $215 $205 $80
iPhone 5 32GB (T-Mobile) $260 $250 $80
iPhone 5 32GB (Verizon) $295 $285 $110
iPhone 5 64GB (AT&T or Unlocked) $290 $280 $110
iPhone 5 64GB (other) $220 $210 $80
iPhone 5 64GB (Sprint) $220 $210 $80
iPhone 5 64GB (T-Mobile) $270 $260 $80
iPhone 5 64GB (Verizon) $300 $290 $110


Although Amazon offers store credit instead of cash, we've included the retailer in the comparison chart along with the other cash-paying services because of its high trade in quotes and the broader selection of general merchandise that can be purchased with its store credit, as opposed to Apple and Best Buy, which only sell electronics.

However, it should be noted that the Amazon gift cards can be used on items available on the retailers main site, they are not valid for use at the Amazon Wireless store, which is the site that sells smartphones.

In the case of each trade in services, trade in values are subject to vary on a daily or hourly basis until they've been locked in.
post #2 of 33
EBay.
post #3 of 33
Price? Pricey?

In any case, this is a great idea for those of us with full high-capacity models who will have to shell out more just to keep all our stuff.

Feel a bit of a mug paying apple so much more for increasingly-needed storage when USB drives & solid-state storage cards are so cheap now.
post #4 of 33
Originally Posted by TimmyDax View Post
Price? Pricey?

 

It's right. Informal, maybe, but right. THIS, on the other hand… 

 

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply
post #5 of 33
The table shows Amazon is offering $500 for my black 64GB AT&T 4S but it's actually $450 when I follow the link.

There's two problems with trying to do this:

1) I get amazon credit. What if amazon doesn't sell the phone I want to get?
2) I have to trade in before I can buy a new phone, leaving me without a phone. no way to really use the proceeds directly.
post #6 of 33
"How to offset the cost of your pricey new iPhone 5"

Oh, so now AI officially labels Apple gear as "pricey" even though the prices are the same as last year. Why not just go ahead and call them "overpriced" like the trolls do and be done with it. AI is starting to become extremely annoying.
post #7 of 33
Quote:
Originally Posted by lkrupp View Post

"How to offset the cost of your pricey new iPhone 5"
Oh, so now AI officially labels Apple gear as "pricey" even though the prices are the same as last year. Why not just go ahead and call them "overpriced" like the trolls do and be done with it. AI is starting to become extremely annoying.

So either "pricey" doesn't mean "overpriced" or the trolls were right.
Which is it?
post #8 of 33
And Amazon can inspect the phone and say it "has lots of scratches" and cut the value by $100 or more. I wouldn't trust Amazon.
post #9 of 33
Be nice is chart included factory unlocked phones also.
post #10 of 33
Quote:
Originally Posted by lkrupp View Post

"How to offset the cost of your pricey new iPhone 5"
Oh, so now AI officially labels Apple gear as "pricey" even though the prices are the same as last year. Why not just go ahead and call them "overpriced" like the trolls do and be done with it. AI is starting to become extremely annoying.

Or the year before that, or the year before that, or the year before that...

 

See what I did there? lol.gif

 

I've noticed that the rumor sites, this and MacRumors. have kind of dropped the ball a little bit with reporting the facts from this event.

 

"With Apple's US carrier partners charging existing subscribers higher fees for this year's iPhone model"  REALLY?

 

MacRumors said that the adapters' shipping had slipped to October, when in fact they ALWAYS had been set for October...

 

I know people make mistakes and I don't mean to be mean-spirited pointing fingers, but some major basic stuff was miscommunicated this year across the board.  

Even other news sites were stating that the iPhone was going on sale at 12:01am without indicating what time zone.  Some people I know argued with me here in NY when I told them that it was really going on sale at 3am.  They were so sure that they were right because they read it on a website without actually doing some referencing.

post #11 of 33
Avoid Gazelle at all costs. If you send them your device and then reject their offer, you won't get your accessories (such as headphones) back, making it less valuable when selling elsewhere.
post #12 of 33
Quote:
Originally Posted by old-wiz View Post

And Amazon can inspect the phone and say it "has lots of scratches" and cut the value by $100 or more. I wouldn't trust Amazon.

All of them can and do do this.

The only way to really get the money is to go in (assuming you have a warranty) and get your old dinged up phone swapped for a replacement. However Apple is wise to this and won't swap unless there is a verified hardware issue. If it can be software they will make you demand you erase it etc instead.

Course if you have Apple Care plus and haven't ever dropped it you could just smash the screen and forfeit $50 to get a pretty new one

A non tech's thoughts on Apple stuff 

(She's family so I'm a little biased)

Reply

A non tech's thoughts on Apple stuff 

(She's family so I'm a little biased)

Reply
post #13 of 33

BestBuy will pay you for your iPhone.  They did for mine.

An Apple man since 1977
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An Apple man since 1977
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post #14 of 33
This seems like a lot of extra work and risk to me. I have upgraded to every single new iPhone the day it came out (starting with the 3G for me as I live in Canada).

Every single year when I get the new model, I sell my old one for $50-$100 less then Apple decides to then sell that older model for unlocked... it has never failed me yet and never taken me more then 2 days to sell it.

So for example, when my iPhone 5 shows up in the mail I will put my iPhone 4S on Kijiji for $550 (Apple is now charging $599 for a new 16gb 4S and mine is in mint condition with packaging as well as a dock and car charger I can no longer use :P).

Up until last year I was actually making money to upgrade as Rogers was offer existing iPhone owners new contract pricing to upgrade. So I would sell my old one for $400-$500 and then turn around and pay $200 to upgrade (renewing my contract of course). But since rogers now has significantly increased the price of upgrading this early I have just decided to buy the new model unlocked.

So iPhone 5 will cost me roughly $250-$300 for a 16gb unlocked model from Apple (if you don't take into account the money I've gained upgrading to previous models)
post #15 of 33

I haven't ever traded my iPhone in before, because I always just skipped a generation.  So, when I moved from the 3GS to the 4S, I gave my old phone to my dad.  And it wasn't really worth it for the original iPhone.

 

Anyways, this time I'm going to get the new iPhone (I'm sorry, won't call it iPhone5).  So, I'm wondering, for those with experience with doing this, what do you think is the best route to take?  I'm thinking I'll just stick with Apple, since I trust them already.  Thoughts, opinions?

post #16 of 33
I want the new phone but not sure what to do with my blackberry. LOL
post #17 of 33
"However, it should be noted that the Amazon gift cards can be used on items available on the retailers main site, they are not valid for use at the Amazon Wireless store, which is the site that sells smartphones."

It should also be noted that Amazon, itself, does NOT sell the new iPhone nor iPad. As far as I know, it never has. Yes, you'll find the iPhone and iPad for sale on Amazon's site, but they are sold by third parties as part of Amazon Marketplace.
post #18 of 33
Quote:
Originally Posted by KindredMac View Post

Or the year before that, or the year before that, or the year before that...

See what I did there? lol.gif

I've noticed that the rumor sites, this and MacRumors. have kind of dropped the ball a little bit with reporting the facts from this event.

"With Apple's US carrier partners charging existing subscribers higher fees for this year's iPhone model"  REALLY?


MacRumors said that the adapters' shipping had slipped to October, when in fact they ALWAYS had been set for October...


I know people make mistakes and I don't mean to be mean-spirited pointing fingers, but some major basic stuff was miscommunicated this year across the board.  

Even other news sites were stating that the iPhone was going on sale at 12:01am without indicating what time zone.  Some people I know argued with me here in NY when I told them that it was really going on sale at 3am.  They were so sure that they were right because they read it on a website without actually doing some referencing.

Maybe I'm wrong, but I took this another way. I don't consider the price of the phone a "fee". I thought they were talking about the "upgrade fee" that AT&T charges to upgrade. Last time I upgraded, they charged $18. This time they want $36.
post #19 of 33

Your prices for Gazelle on the AT&T iPhone 4 32GB are wrong.  The prices offered are the same as the Verizon ones (around $165).

post #20 of 33
Quote:
Originally Posted by glynor View Post

Your prices for Gazelle on the AT&T iPhone 4 32GB are wrong.  The prices offered are the same as the Verizon ones (around $165).

I noticed a lot of discrepancies, too.

But, its just possible that the offers are dropping as requests come flooding in...supply and demand-related, perhaps?

post #21 of 33
I might try Amazon. I've already got $200 worth of merchandise on pre-order.
post #22 of 33
Quote:
Originally Posted by iSheldon View Post

Quote:
Originally Posted by lkrupp View Post

"How to offset the cost of your pricey new iPhone 5"
Oh, so now AI officially labels Apple gear as "pricey" even though the prices are the same as last year. Why not just go ahead and call them "overpriced" like the trolls do and be done with it. AI is starting to become extremely annoying.

So either "pricey" doesn't mean "overpriced" or the trolls were right.
Which is it?


Something can be expensive and "pricey" without being overpriced.

post #23 of 33
Quote:
Originally Posted by Buzzz View Post

I want the new phone but not sure what to do with my blackberry. LOL


Works great as a shim under a table leg.  Or a hockey puck (briefly).  Or you could get a set and use them as high-tech coasters.

post #24 of 33
Quote:
Originally Posted by TimmyDax View Post

Feel a bit of a mug paying apple so much more for increasingly-needed storage when USB drives & solid-state storage cards are so cheap now.

Just lie back and think of the "Ecosystem"

Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
post #25 of 33
Can I purchase an iPhone 5 without a contract? If so, who would I buy it from and how much would a 32gb and 64gb cost? I have a black Verizon 32gb 4S that I'd like to trade in, but only if it makes $ense.

I'm about to drop $800 at Amazon.
--------------------------
"Why join the navy if you can be a pirate?"
-Steve Jobs
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--------------------------
"Why join the navy if you can be a pirate?"
-Steve Jobs
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post #26 of 33
Originally Posted by Tony1 View Post
Can I purchase an iPhone 5 without a contract? If so, who would I buy it from and how much would a 32gb and 64gb cost?

 

In a few months, from Apple, for $749 and $849, respectively.

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply
post #27 of 33
Quote:
Originally Posted by Tallest Skil View Post

In a few months, from Apple, for $749 and $849, respectively.

Might not take a few months. Especially with Verizon's requiring you to pay full price if you want to keep your unlimited data plan. Apple is not going to wnt those sales to go to the carrier stores. They want to keep all sales in house as much as they can.

A non tech's thoughts on Apple stuff 

(She's family so I'm a little biased)

Reply

A non tech's thoughts on Apple stuff 

(She's family so I'm a little biased)

Reply
post #28 of 33
Originally Posted by charlituna View Post
Especially with Verizon's requiring you to pay full price if you want to keep your unlimited data plan.

 

They're going to make you pay full price for a locked one. Those are already out.

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply

Originally posted by Marvin

Even if [the 5.5” iPhone] exists, it doesn’t deserve to.
Reply
post #29 of 33

How is this news? Myself and a ton of other Apple iPhone owners have been doing this since 2007?  :D

 

 

 
 
post #30 of 33
I'm very shocked TriPhonia is not on this list. They paid more than all of these people on the list. I sold my iPhone 4S 16GB to them for $375 a little while ago. Got payment through PayPal immediately. Gazelle is a total ripoff. I would suggest TriPhonia.com
post #31 of 33

Thanks iPhone4, nice resource.

 

Just wondering though, will deactivating my phone, to sell, mess with my plan? I don't want to lose my unlimited plan that I'm grandfathered into.

--------------------------
"Why join the navy if you can be a pirate?"
-Steve Jobs
Reply
--------------------------
"Why join the navy if you can be a pirate?"
-Steve Jobs
Reply
post #32 of 33

I don't think so. Not by just deactiating your phone. Deactivating that line will definately will but not by just deactivating your phone. I would ask Verizon or Sprint or whoever you have. Or TriPhonia just to make sure

post #33 of 33

I don't think so. Not by just deactiating your phone. Deactivating that line will definately will but not by just deactivating your phone. I would ask Verizon or Sprint or whoever you have. Or TriPhonia just to make sure

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