At the time of writing, we don’t yet know what exact price points the four alleged models of the iPhone 12 will have here in Australia.
It doesn’t take too much crystal ball to point out that the entry level is north of $ 1,000, while the top-of-the-line iPhone 12 Pro Max with maximum storage probably won’t leave a lot of cash out of $ 2,500 in your pocket.
Regardless of your iPhone model choice, they have never been “cheap”. Even the inexpensive Apple iPhone SE 2020 is not what could reasonably be called an inexpensive phone.
As such, if you are caught in the hype wave and decide what you are Got to Since your personal Christmas present this year is a shiny new iPhone 12, it makes sense to cut the cost as much as possible.
Unfortunately, there is seldom a sales environment for new iPhones as Apple maintains razor sharp margins for its third party vendors and prices for new phones rarely or never actually fall during their 12 month period as a flagship model.
What you can do, however, is take the iPhone you already have and get as much for it as you can, and then use that money to increase the effective price of your new handset by hundreds or even thousands of dollars as needed to lower a couple of factors. Before we begin, however, you have to
Safely backup and erase your existing iPhone
We have a complete guide on how to erase iOS devices here, but the basics aren’t that hard to understand. First and foremost, make sure you have a full backup of your personal information – that is, messages, photos, and other documents or downloads – that is stored and backed up somewhere. Preferably in more than one location, but that has more to do with good backup hygiene than anything else.
Next, make sure that you have completely signed out of all Apple accounts on the iPhone you are using. Without this step, you open your soon-to-be-sold device to pass on your personal information to strangers, or, depending on the configuration, open it for fraud in the App Store if they can order expensive IAP or other software through.
Only then should you actually proceed with wiping your iPhone. Open Settings, then General, then Reset – at the very bottom so you might have to scroll a little – and then erase All Content and Settings.
As a reminder, if you erase all content and settings, you are literally doing what it says there. If you do this step without a backup, there is no going back to getting that one-off selfie back. You backed up your photos, right?
Gather as much of your iPhone as you can
An iPhone isn’t just an iPhone when you sell it, and while I’ll be covering some of the phone factors that will apply shortly, you can also maximize your selling price by using as many genuine accessories as possible.
Do you still have the original charger and the Lightning cable? That’s a plus, as is the original packaging, especially if it’s in good condition. A box in poor condition can put off some buyers, who see this as a sign of how likely you’ve treated the iPhone you’re trying to sell.
While rumors point to Apple could No headphones are included with the iPhone 12, they are standard features of previous generations. If you’ve never used the headphones that came with iPhone, include them too. However, if they were in your ears then … eww. Just keep them or send them responsibly for e-waste recycling.
Find out what your iPhone is realistically worth
Chances are you paid more than a thousand dollars for your iPhone when it was brand new, because without the iPhone SE, it was a long time since Apple had a sub-thousand dollar model to sell to anyone.
The bad news is you won’t see all of the money back if you resell it. The good news is that iPhones compared to other handset brands tend to keep their value longer, it is possible to get a fair share of your money back.
The following affects your overall achievable (and realistic) sales price:
Mo ‘storage, Mo’ money
Apple has never released an iPhone model with expandable storage. That means that iPhones with larger storage quotas have always cost more. If you sell a particular phone model with 64GB or 128GB of storage, guess which one is worth more now.
IPhone Age Discrimination: It’s One Thing
Outside of retro gaming fanatics, there isn’t a lot of technology the value of which improves as it ages, and this is especially true of iPhones. While the rumors suggest that Apple may be returning to a solid iPhone 4-style industrial design for the iPhone 12, realistically, you won’t get much for it if you think about selling an actual iPhone 4 all.
It usually doesn’t make very good financial sense to update iPhones annually – but yes, I know you want a new one – but when you whip an iPhone 11, you can expect a lot more.
Condition is important
I left the actual condition of the phone until the last time, as the phone’s age and storage capacity are simple spreadsheet tests anyone can go through to get rough prices, but the condition is rather variable.
If you have an iPhone that you’ve always kept in a case and have a good screen protector on board that you’ve never dropped and kept in pristine condition, you’re going to make a lot more money than your iPhone’s screen doing a maze of Cracks and the rear case look like it was in a fierce but losing battle with Wolverine.
When you have an iPhone in a non-functional condition, the money you can expect for it can usually be measured in the single digits if you’re lucky enough to find someone interested in taking it for parts.
There is a quantity The range between the extremes and many companies that deal in used phones often assign “grades” to certain phones, depending on the exact level of wear and tear. However, these “precise” categories are ones of your own choosing, and it is in your best interest to let you know that a particular phone is worse and no better. If they pay you for a Class “C” phone that they can sell as a Class “B” or “A” model, that’s a profit in your pocket.
Even simple things like properly cleaning the phone and having the original accessories and box in place can pay off when it comes to selling.
How much can I get for my iPhone?
Again, this is a variable question that largely depends on how much work you are willing to put into selling it. If you have plenty of time to spare and you don’t mind selling them privately, you will most likely get the greatest possible value. However, if you want a quick sale, there are numerous third party vendors out there who can give you a quick sale price.
Apple has a similar scheme called “Apple Trade In” that equips you directly with Apple Store Credit. This is arguably the easiest mode, although it is actually a third-party company that definitely owns your iPhone.
Apple currently does not trade in values for the iPhone 11, as this is the case when it is written and it will be the “current” iPhone model for about two days, but it does give the prices for an iPhone 11 Xs Max, albeit as an “up to” price. Again, the phone’s condition and storage capacity will make a difference, but let’s use this as an illustrative example of the medium-capacity 256GB model in good condition.
Apple iPhone Xs Max 256 GB
|Apple Trade In||Up to $ 650|
|Mobiles Monster||$ 750 “as good as new” / $ 700 “working” / $ 80 “dead”|
|Cashaphone||$ 600 “Like New” / $ 550 “Good” / $ 250 “Fair” / $ 150 “Faulty” / $ 50 “Dead”|
|Fonebank||$ 442 „Working“ / $ 153 „Damaged / Faulty“|
|Gumtree (typical price)||$ 700- $ 1000|
|eBay (completed offer)||$ 500- $ 1000|
We’re not currently advocating any specific model, and it’s worth noting that some of the retailers listed are currently down anyway due to the coronavirus pandemic. Some retailers, such as EB Games, do take iPhones as a feed store, but don’t list prices online either.
Still, it’s pretty clear that if you have the time and stomach to do a personal sale, you’re likely to see more.
Realistically, it pays to get price quotes from a few sources, especially if you can do it online quickly and with little effort. If the difference in realized price is more than a few dollars, that’s a great investment in your time.
Apple’s “up to” price seems pretty good for this particular model, although the two benefits are that you may be offered a lot less and you only get Apple Store credit for it, not cash spent on others could be subtleties such as a fresh apple turnover.
Apple isn’t selling these yet … but we may find out differently early Wednesday morning.
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