Read more in the full article here.“With Apple’s new iPhones due to go on sale on Sept. 20, resale sites have reported a surge in trade-ins of old iPhones,” Quentin Fottrell reports for MarketWatch. “Once the new iPhone 5S and 5C models go on sale, trade-in values are expected to plummet, but for now, experts say consumers can still lock in high enough prices to break even on the upgrade to a new phone — or even earn a profit.”

“The 5S will cost $199 with a two-year wireless contract, while the 5C, which will be available for preorder starting Sept. 13, will cost $99. With most offers, it’s possible to sell an old iPhone – which will be phased out by Apple — and make a $100 profit trading in an iPhone 4S for a 5C; many of those who bought that model will be coming to the end of their two-year contract,” Fottrell reports. “iPhone 5 holders who bought their phone last year still have one year left on their current contract.”

“During Apple’s iPhone announcement Tuesday, the number of offers on resale site peaked at over 600 per second. Gazelle offers $210 for an iPhone 4S and $325 for a 16 gigabyte iPhone 5 in pristine condition. Rival site offers $275 for a good condition iPhone 4S and $325 for an iPhone 5, while offers $225 for a 4S and $320 for an iPhone 5,” Fottrell reports. “‘The introduction of Wal-Mart and Apple into the trade-in space obviously increases the competition among pre-existing trade-in suppliers like ourselves,’ says Scott McLaren, chief marketing officer at resale company ProtectCell. Apple may have raised awareness of trade-ins, but with a $280 store credit for an iPhone 5 at retail stores, it doesn’t beat the best cash deal on the market.”

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