September 24, 2020
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Finance

The Best Ways to Sell Your iPhone in 2020

There are many people out there who are crazy about Apple products. Whether you are eyeballing last year’s iPhone 11, 11 Pro, or 11 Pro Max or the latest iPhone SE, it would be best if you sell your old model to gather finance for replacement. Here are some best practices that will help you in selling your iPhone for the highest profit.

Option 1: Sell Your iPhone to Buy Back Service

If you are looking for a quick and easy alternative to something like “sell my iPhone for cash today,” consider selling your old phone to buyback service though the option has some risk if the phone’s condition doesn’t meet your description. If that is the case, then you might not get full value by the buyer, but it does reduce time and effort when compared to selling on eBay or Craigslist. These are standard options offered by Apple. You can choose to buy or sell your product in market places if you don’t wish to go with this option. Instead of wasting a lot of time, you can visit some online sites that can help you compare prices. Many sites show you both payment methods and price lock duration.

Option 2: Trade It for Credit Towards a New One

 If you want to cut the middlemen, you can start by going back to the source. It can be either a big-box retailer or a manufacturer. You can consider two of the biggest fish in the ponds, including Apple and BestBuy.

Apple Straight-Up Apple Store Credit

One of the easiest ways to afford a new iPhone is to go through Apple’s iPhone trade-in program. At least for some models, rates are surprisingly competitive.  However, with Apple’s trade-in program, you don’t need to worry about the storage space of your phone as you will get the same trade-in value for both 64GB and 256GB iPhones.

BestBuy

Under the BestBuy option, you can fetch more form 256GB iPhone as compared to 64 GB iPhone. You need to remember that BestBuy trades won’t accept unlocked iPhone trades. Besides Apple, the purchase of BestBuy phone also leads to the BestBuy gift card. It is not an ideal deal for those hoping to get instant cash. It is perfect for those wishing to buy a new iPhone or the BestBuy fan.

The crucial takeaway here is you should always shop around. There are several services available that offer program options that will buy your old iPhone or take it in trade, but it would be a better option to sell it.

Option 3: Sell It Yourself

You can choose to sell an iPhone yourself if you want to earn maximum profit, but this also includes risks and hassles.

Craigslist is a good option if you want cash but a wrong choice if you are risk-averse. It is one of the riskiest options, but buyers will still pay some money hard and cold cash for iPhone or Android devices. One of the daunting challenges includes finding customers.

A pawn shop is a better place to sell a used phone if you don’t mind putting in some expert advice. The best thing about these shops is that they offer purchase protection, so it is comfortable for people to buy or sell products.

Things to Know Before You Pawn Your iPhone at a Pawn Shop

  • Back it up: You need to take a backup of all the critical data, including contacts, images, apps, and videos.
  • Turn off “Find Me”: The security feature should be turned off before selling the iPhone.

Thus, you can select the best way to sell an iPhone at your convenience.