With so much new tech headed our way this fall, you may be wondering how you can afford to keep up with your desire for state-of-the-art gadgets. Whether you’re wanting an iPhone 5 , craving a Kindle, or eagerly anticipating the Microsoft Surface, your tech budget might be stretched a bit thin this busy season.
One way to afford new tech is by trading in your old tech. You may have the iPhone 4S from last year and want to upgrade but will have to pay full price for the phone. Good news, your iPhone 4S may fetch a higher price than you think.
Or maybe you have electronics lying around your home somewhere that you’re not using but others may want. Not everyone needs to have the latest and the greatest gadgets. Many people would prefer to be a generation or two behind so they can have more affordable gear.
If you’re looking to sell your gently-used tech, you have many choices these days. Deciding where to sell your stuff requires that you research the best prices and make some decisions:
- Are you willing to gamble to try for a higher price or do you want a guaranteed price?
- Do you want cash or are you willing to accept credit towards a future purchase in exchange for a higher price?
- Can you part with your tech immediately or do you need to wait until your new tech arrives? If the ship date for your iPhone 5 is two weeks away, you probably don’t want to commit to ship your current phone immediately.
Below is a comparison of different resale options for you to consider, including the pros and cons for each site, as well as sample prices for reselling an iPhone. Price matters too so I have included sample prices for an iPhone 4S 16GB Black AT&T in good condition (some scratches, normal signs of use), with the original charger, for comparison purposes.
Even if you’re not selling now, you may want to check out resale prices to decide which device to buy. For example, show sites show black iPhones having higher resale prices than white ones.
Also check out Preparing Your iPad for Resale to make sure that you’re getting the most for your tech when you resell it!
Selling your tech at an online site can give you plenty of options. Some sites accept a wide variety of electronics while others are more restrictive. The sites show you which items they will accept and what price you will be paid for them. You’ll have to ship your items, which can result in payment being delayed by a few days to a few weeks. Guaranteed prices always depend on your item being in the condition you describe.
- Amazon accepts a wide variety of items, including phones, Kindles, GPS devices, cameras, calculators and more. Not all items are accepted, you can check if your tech is eligible here.
- Shipping to Amazon is free
- Guaranteed price
- Price can increase if the item is in better condition than described
- You must ship your item within seven calendar days after agreeing to trade it in
- You get an Amazon gift card, not cash
iPhone price: $314.50
You can find out more details at Amazon’s website.
- Shipping to Best Buy is free
- Trade-In Estimator gives you an idea of how much your item is worth
- Wide variety of items accepted
- Items must be received by Best Buy within 14 days of registering
- You get a Best Buy gift card, not cash
iPhone price: $265.00
Find out more about Best Buy Trade-In at their website.
eBay offers two different ways for you to sell your tech: traditional auctions and InstantSale.
- Chance for higher prices if bidding escalates
- Ability to set your own price through minimum bids or Buy It Now
- Payment in cash through PayPal or other methods
- Can list any item
- Risk of lower price or item not being sold
- Delay in payment until item is sold
- Guaranteed price
- Free shipping
- Cash payment via PayPal
- Faster payment than auctions (funds are deposited in your PayPal account five business days after the item is received and the condition is confirmed)
- You can wait until October 1 to ship your phone if you use InstantSale by 11:59 PM PST on September 23, 2012
- Limited to smartphones, cell phones, laptops, digital cameras, GPS devices, mp3 players, tablets and camcorders
- Price may be lower than auction price
- You must ship your item by October 1 to get InstantSale guaranteed price
iPhone price: $216.69 (on the C Spire network, price for AT&T not available)
Find out more about eBay’s InstantSale at their website.
- 30-day price guarantee
- Gazelle sends you a shipping container and label
- Free shipping
- Will buy broken tech
- Variety of ways to get paid: check, PayPal, Amazon gift card (Amazon gift card gets you a 5% bonus over the stated price)
- No commitment to sell after you lock in 30 day price guarantee
- Will pay you more than the guaranteed price if your item is in a better condition than described
- Limited types of items; Gazelle won’t buy GPS devices, PDA’s, monitors, video games or systems, DVD’s, camera lenses, digital cameras, PC tablets, PC laptops or desktops, nor external hard drives. Here’s a list of phones Gazelle will buy: cell phones.
iPhone price: $277
Read more at Gazelle – Resell and Recycle Your Tech!
- Can buy and sell items using Glyde
- Easy to list an item
- Glyde sends you a shipping package and label
- Can set your own price
- Can get a guaranteed price using Speed Sale
- You are paid cash into your bank account or through PayPal
- Must ship within 24 hours of receiving shipping materials
iPhone price: $269 using Speed Sale $312.75 using Regular Sale
Glyde provided me with this price chart for resale prices for the iPhone:
Read more at Craving an iPad? Glyde Is on Your Side!
Selling In Stores
Selling in stores has many advantages. You can be paid instantly when you hand over your item. There is also no guesswork involved in judging the condition of your item nor any worry that your item will be lost in transit. Make sure to research prices before you head to the store to make sure the price you’re offered is competitive.
- You can get a price quote online before traveling to the store
- Higher prices are given if cables, original boxes and other extras are included
- Items will be accepted at any Game Stop store
- Can get cash or store credit
- Store credit price is significantly more than cash price
- Accepts only iPhone, iPads, iPods and select Android tablets
- Must trade in your item the day you receive the price quote
iPhone price: $329 in-store credit or $263.20 cash.
You can learn more about Game Stop’s trade in policies at their website.
- Wide variety of items accepted
- Online trade-ins accepted as well
- Price is set when you visit the store
- Payment is given in store credit
iPhone price: $250.80
You can find out more about Radio Shack’s trade-in program at their website.
Here are the prices for the iPhone 4S 16 GB Black AT&T in good condition with charge cord, listed from highest to lowest:
eBay Auction Buy It Now Asking Price – $2500 (good luck getting that price!)
Game Stop In-Store credit – $329
Amazon – $314.50
Glyde – $312.75 (Regular Sale)
Gazelle – $277
Glyde – $269 (Speed Sale)
Best Buy – $265
Radio Shack – $250.80
Game Stop Cash – $263.20
eBay InstantSale – $216.69
Your prices may vary so be sure to check out these sites before you commit to reselling your tech.
Do you trade-in your tech to help you purchase new tech? Have you ever sold your tech to any of these sites or stores? Let us know in the Comments section below!
I took off my tech hat and put on my parenting hat, writing a guest post for Harleena Singh at Aha-Now! Please check out Don’t Get on That Train! at her wonderful blog.