Consider trading in your old phone – they hold their value.
People considering purchasing one of Apple’s new iPhone models, expected to be announced in September, should take into consideration its value upon future trade-in. Tech buy-back site Decluttr.com recently conducted an analysis of trade-in values for various Apple models, identifying trends in the type of handsets that tend to hold value.
Consumers who purchased an iPhone X 256 GB following its 2017 launch can expect to earn an estimated $690 if they trade-in their devices now, reducing the cost of the upgrade over to the new high-end model (estimated to cost roughly $999) to a mere $309. In June, six months out from its launch, the same model was worth $730, showing depreciation of $40 in a few short months, as one could expect leading up to the September announcement.
The iPhone X has held its value higher than any of the other Apple models released in recent years, a trend that Decluttr.com has seen more often with Apple’s higher-end models. To put into context, the iPhone X has held on to 63% of its value in a year, in comparison to older devices such as the iPhone 7 and 6 which only managed to hold onto 40% after a year.
The iPhone 8 Plus 256 GB, on the other hand, will earn consumers $495 when traded-in, making the upgrade over to Apple’s anticipated OLED model (estimated to cost $899) an investment of $404. Again, this device has held on 50% of its value in the past 12 months.
Liam Howley, CMO at Decluttr.com, comments: “People often underestimate the importance of future trade-in values when making a choice on which phone model to purchase, and in particular, the latest devices are packed full of features that allow them to hold onto their value more than we’ve seen with older handsets. In past studies, we have seen that it does really pay to buy an Apple device, especially when it comes to reselling it. Based on the trends we’ve seen across various iPhone models, we anticipate the iPhone X Plus is likely to hold its value even more than the anticipated OLED or SE models.”
The timing of consumer trade-ins is also important when it comes to getting the best price for old devices. Based on trends in depreciation following the launch of a new phone model, consumers can get 25% more now, in comparison to when the new device is available to purchase at the end of September.
Using Decluttr.com, consumers can get an instant valuation and pre-paid shipping label, making their trade-in completely free and painless. Decluttr pays more for used smartphones than any other site or mobile provider buy-back program, and payments are delivered within 24 hours of receiving the shipment.
For those who want to trade-in their old devices for cash, rather then selling back to their carriers, can get the following for their old handsets:
|iPhone 6 128GB||$127.00|
|iPhone 6 Plus 128GB||$162.00|
|iPhone 6s 16GB||$121.00|
|iPhone 6s Plus 16GB||$185.00|
|iPhone 7 128GB||$278.00|
|iPhone 7 Plus 128GB||$303.00|
|iPhone 8 64GB||$416.00|
|iPhone 8 Plus 64GB||$443.00|
|iPhone 8 Plus 256GB||$495.00|
|iPhone X 64GB||$540.00|
|iPhone X 256GB||$690.00|
|Samsung S6 32GB||$88.00|
|Samsung S6 edge 32GB||$101.00|
|Samsung S7 32GB||$131.00|
|Samsung S7 edge 32GB||$161.00|
|Samsung S8 64GB||$244.00|
|Samsung S8+ 64GB||$270.00|
For more information on Decluttr’s phone depreciation study, please visit here.
Decluttr.com is a fast, easy and free way to sell tech, cell phones, CDs, DVDs, games, books, and Lego. The service removes all of the stress of selling unwanted items online. All customers need to do is visit the site or download the app, enter the barcode of the item or scan it, get an instant price, pack into any box and ship them for free to Decluttr.
Thanks to Decluttr’s fast next day payments, customers get paid the day after their items arrive at HQ by direct deposit, PayPal or check – or they can even donate the money they make to charity. To date, the site has paid more than $250m to over 5 million customers – and the service is growing faster than ever.
Decluttr.com has been featured on Good Morning America, ABC News, Fox News, The Penny Hoarder, Fast Company, The Wall Street Journal and much more.
For more information on trade-in values, visit www.decluttr.com.