“Rumors are rampant that Apple (AAPL, Fortune 500) will announce the iPhone 5 on September 12, with a release date soon after that. But if you want to offset the cost of your new phone by scoring the highest value possible for your old one, trade-in experts say you’ll need to lock in your trade now — before everyone else gets the same idea,” Pepitone reports. “‘We always get a rush of people who wait to get a quote until they have the new [iPhone] in their hands,’ said Jeff Trachsel, the chief marketing officer for trade-in service NextWorth. ‘But as the volume increases, the value of your phone declines.'”
Pepitone reports, “Smart traders play arbitrage: Lock in a price now, then wait until you have the new phone in hand to actually send in your old model. Old iPhones hold their value remarkably well. At NextWorth, a 16 GB iPhone 4S in good condition currently fetches $274. Rival site Gazelle is offering $277 for an AT&T phone or $260 for a Verizon or Sprint device. Go one model older, to the iPhone 4, and you can fetch $175 at NextWorth for an AT&T phone or $162 for a Verizon phone. Gazelle will pay $160 to $165.”
Read more in the full article here.
MacDailyNews Take: At Gazelle, settlers can get around $200 for a Samsung Galaxy S III in “good” condition. Now is the time for them to get prepare to get the iPhone they always wanted!
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]