Are you one of the millions of iPhone users who have upgraded to the latest model, leaving your old iPhone collecting dust in a drawer? Before you toss it or recycle it, you might want to hold on to it – it could be worth some serious cash. The question is, which old iPhones are still worth money, and how can you cash in on them?
Understanding the Resale Value of Old iPhones
The resale value of an old iPhone depends on several factors, including its condition, storage capacity, and age. Generally, newer models with higher storage capacities tend to hold their value better than older models with less storage. Additionally, iPhones in good condition, with minimal scratches and no water damage, will fetch a higher price than those that are damaged or worn out.
The top three factors that affect an old iPhone’s resale value are:
- Condition: The phone’s physical condition, including any scratches, dents, or water damage, plays a significant role in determining its resale value. A phone in excellent condition will sell for more than one that’s damaged or worn out.
- Model and age: Newer models, such as the iPhone 11 or iPhone 12, tend to hold their value better than older models like the iPhone 6 or iPhone 7. The age of the phone also impacts its resale value, with newer phones generally selling for more than older ones.
- Storage capacity: Phones with higher storage capacities, such as 128GB or 256GB, tend to be more valuable than those with lower storage capacities, like 16GB or 32GB.
Which Old iPhones are Still Worth Money?
So, which old iPhones are still worth selling? Here are a few models that can fetch a decent price:
iPhone 8 and iPhone 8 Plus
The iPhone 8 and iPhone 8 Plus, released in 2017, are still popular among iPhone enthusiasts who prefer a physical home button and a more compact design. In excellent condition, these phones can sell for:
- iPhone 8 (64GB): $150-$200
- iPhone 8 (256GB): $250-$300
- iPhone 8 Plus (64GB): $200-$250
- iPhone 8 Plus (256GB): $300-$350
iPhone X
The iPhone X, released in 2017, was a game-changer with its edge-to-edge OLED display and facial recognition technology. Although it’s an older model, it still holds significant value, especially in excellent condition:
iPhone 11 and iPhone 11 Pro
The iPhone 11 and iPhone 11 Pro, released in 2019, are still relatively new and popular among iPhone enthusiasts. In excellent condition, these phones can sell for:
Where to Sell Your Old iPhone
Now that you know which old iPhones are worth money, it’s time to decide where to sell them. You have several options:
Apple’s Trade-In Program
Apple’s Trade-In Program allows you to trade in your old iPhone for an Apple Gift Card or a credit towards a new iPhone. The program is convenient, but the prices offered are generally lower than what you can get from other buyers.
Online Marketplaces
Online marketplaces like eBay, Craigslist, and Facebook Marketplace are popular platforms to sell old iPhones. However, be cautious when dealing with strangers online, and make sure to follow safety guidelines to avoid scams.
Specialized Buyback Websites
Websites like Gazelle, Decluttr, and NextWorth specialize in buying used electronics, including old iPhones. These websites offer a convenient and safe way to sell your old iPhone, and they often provide competitive prices.
Local Electronics Stores
Some local electronics stores, like Best Buy or Walmart, may offer trade-in programs or buyback options for old iPhones. These programs can be convenient, but the prices offered may vary depending on the store and the phone’s condition.
Tips for Selling Your Old iPhone
Before selling your old iPhone, make sure to:
Wipe your phone clean: Remove all personal data, including photos, contacts, and apps, and restore the phone to its factory settings.
Remove SIM cards and SD cards: Take out the SIM card and any SD cards to prevent data theft or unauthorized use.
Clean the phone physically: Remove any scratches or dirt to increase the phone’s appeal.
Provide original accessories: Include the original charger, earbuds, and any other accessories to increase the phone’s value.
Be honest about the phone’s condition: Disclose any damage or issues with the phone to build trust with potential buyers.
By following these tips and understanding the resale value of old iPhones, you can cash in on your old device and put some extra money in your pocket. So, dig out that old iPhone from your drawer and see how much it’s worth!
What makes old iPhones valuable?
Old iPhones can be valuable due to several factors, including their condition, storage capacity, and age. The rarity of certain models or editions, such as limited-edition colors or special collaborations, can also drive up their value. Additionally, old iPhones can still be functional and usable, making them appealing to those who prefer older technology or want a reliable backup device.
In some cases, old iPhones can even become collectible items, especially if they are still in their original packaging and have never been used. This is particularly true for early models, such as the iPhone 2G or iPhone 3G, which were groundbreaking devices that paved the way for modern smartphones.
Which iPhone models are the most valuable?
The most valuable iPhone models tend to be the older, lower-storage capacity devices, particularly those from the early 2000s. The iPhone 2G, iPhone 3G, and iPhone 3GS are typically the most sought-after models, as they were the first smartphones to popularize the concept of mobile internet and app stores. Other valuable models include the iPhone 4, iPhone 4S, and iPhone 5, which introduced significant design and feature upgrades.
The value of these models can vary depending on their condition, with mint-condition devices fetching higher prices than those with scratches or other cosmetic damage. Additionally, devices with their original packaging, accessories, and instructions can command a premium price.
How much money can I get for my old iPhone?
The amount of money you can get for your old iPhone depends on the model, condition, and storage capacity, as well as the demand for that particular device. On average, you can expect to get anywhere from $50 to $500 or more for an old iPhone, depending on its condition and the buyer.
For example, a mint-condition iPhone 2G with 4GB of storage can fetch around $200-$300, while a used iPhone 5 with 16GB of storage might sell for around $100-$200. It’s essential to research the market demand and prices for your specific device to get an accurate estimate of its value.
Where can I sell my old iPhone?
There are several options for selling your old iPhone, including online marketplaces, electronics trade-in programs, and specialized phone resale websites. You can try selling your device on platforms like eBay, Craigslist, or Facebook Marketplace, or use trade-in programs offered by carriers, electronics retailers, or manufacturers.
Another option is to use websites specifically designed for buying and selling used phones, such as Gazelle, Decluttr, or NextWorth. These sites often provide instant price quotes and offer free shipping, making it easy to sell your old iPhone from the comfort of your own home.
How do I prepare my old iPhone for sale?
To get the best price for your old iPhone, it’s essential to prepare it for sale by ensuring it’s in good condition, both physically and digitally. Start by wiping the device clean and removing any scratches or cosmetic damage. Then, restore the iPhone to its factory settings, erasing all personal data and content.
Next, gather all the original accessories, including the charger, headphones, and instructions, and make sure they are in good condition as well. Finally, research the market demand and prices for your device to set a competitive asking price. Taking clear, high-quality photos of the device and accessories can also help attract buyers and demonstrate its condition.
Are refurbished iPhones worth buying?
Refurbished iPhones can be a cost-effective option for those who want a reliable device without breaking the bank. Refurbished devices are previously used phones that have been inspected, repaired, and tested to ensure they meet certain standards. They often come with warranties and may offer significant savings compared to buying a brand-new iPhone.
However, it’s essential to purchase refurbished iPhones from reputable sellers who provide detailed information about the device’s history, condition, and warranty. Be wary of extremely low prices, as they may indicate a device that has not been properly refurbished or may be stolen.
Can I trade in my old iPhone for a new one?
Yes, many carriers, manufacturers, and retailers offer trade-in programs that allow you to exchange your old iPhone for a new one or receive a gift card or credit towards a new device. These programs often have specific requirements, such as the device’s condition, storage capacity, and model, which determine its trade-in value.
When trading in your old iPhone, be sure to research the program’s requirements and the estimated trade-in value to ensure you get a fair deal. Additionally, consider comparing trade-in offers from different providers to find the best option for your needs.