amazon trade in value has dropped a ton!

Discussion in 'iPhone' started by dubs83, Sep 19, 2012.

  1. dubs83 macrumors regular

    Joined:
    Dec 31, 2011
    #1
    I don't get amazon trade-in values for an iphone 4S. My black 32gb verizon phone had a trade in value of $400 yesterday and I check today and it is $225 for the same condition. Why would there be an almost 100% drop in value in a day? Anyone else having this issue? I luckily had the $400 value in my cart and did a checkout. Does amazon still have to honor the $400 value I had at checkout though?

    also, it says I need to ship the phone by sept. 26. Yet the terms of the trade-ins state "Trade-ins not received within 30 days of submission will automatically be canceled"

    so which one is it? Have never done this before so making sure I'm doing it right. I have to wait to get the new iphone 5 before sending in my old one so I can't mail it in a week because I won't have the new one by then.

    thanks guys
     
  2. christyn macrumors 6502a

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    Salt Lake
    #2
    if you checked out, yes they will honor it.

    It's like this everywhere... once the iPhone is about to launch you will see price drops like that
     
  3. dukebound85 macrumors P6

    dukebound85

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  4. christyn macrumors 6502a

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    #4
    if you don't mail it by the 26th they will cancel the trade in
     
  5. dubs83 thread starter macrumors regular

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    Dec 31, 2011
    #5
    god I'm an idiot. Thanks.
     
  6. divisionbuyzero macrumors member

    divisionbuyzero

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    Sep 16, 2012
    #6
    I believe you mean it has fallen almost 50% not 100% :D

    Anyways, I've traded in a lot of items to Amazon and haven't had a problem being 1-4 days later than the "7 days" they request. Having said that, they may be on the lookout now for people locking in higher rates and then shipping it after the iPhone 5 is released. The risk is on you if you want to send it in after 7 days.
     
  7. zhaofa90 macrumors newbie

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    Location:
    Boston, MA
    #7
    I don't think 100% drop in value means what you think it does
     
  8. dubs83 thread starter macrumors regular

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    Dec 31, 2011
    #8
    that sucks. Guess I can't really do it then unless I have the phone within the week. I wonder how far it will drop in value over the next couple of weeks?
     
  9. christyn macrumors 6502a

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    #9
    it will drop significantly on friday
     
  10. aneftp macrumors 68040

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    Jul 28, 2007
    #10
    lock in today. you have 7 days to ship out. check again to see if trade in proice is same tomorrow. if its the same, than cancel your previous lock price and relock in same price tomorrow. that way you can drag it out more until your iphone 5 arrives.
     
  11. dubs83 thread starter macrumors regular

    Joined:
    Dec 31, 2011
    #11
    guess I'll just stand in line Friday morning and see if I can get one. I'm assuming being a few hrs early though won't help.

    ----------


    goo idea. thanks.
     
  12. flatfoot99 Guest

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    Aug 4, 2010
    #12
    good advice!
     
  13. christyn macrumors 6502a

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    #13
    Yep, this is what I did a couple weeks ago because the price kept going up higher.
     
  14. dubs83 thread starter macrumors regular

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    Dec 31, 2011
    #14
    I'm assuming though the value of the phone won't drop nearly as much if I just sell it on craigslist? I'd be happy selling it for $350 on craigslist. Amazon just seems safer and easier.
     
  15. avaloncourt macrumors 65816

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    Oct 18, 2007
    #15
    Not a big math person, huh? :)
     
  16. breezie macrumors member

    Joined:
    Jun 23, 2010
    #16
    I'm curious, I locked in my "Like New" Iphone 4 32gb for $250 yesterday and noticed that the condition below it was going for $215. I opted for them to just downgrade if they felt it wasn't "Like New".

    If they do need to downgrade - do i get the $215 price locked in as well or will they choose something lower if the trade in price has gone down?
     
  17. dubs83 thread starter macrumors regular

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    Dec 31, 2011
    #17
    wasn't thinking straight :)

    ----------

    what about this: could I trade-in my iphone 4S, and while waiting for my new iphone 5, could I buy the old one back from Apple and return it a few weeks later when my new phone arrives? Don't they have a 30 day return policy...
     
  18. christyn macrumors 6502a

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    Salt Lake
    #18
    you'll get the $215
     
  19. MrSpanks macrumors member

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    Aug 5, 2011
    #19
    i got so lucky last weekend and sold my iPhone 4 for $260 cash. nearly paid for my iPhone 5:cool:
     
  20. breezie macrumors member

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    Jun 23, 2010
    #20
    Great news - thanks for the feedback.
     
  21. Rizzm macrumors 6502a

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    Feb 5, 2012
    #21
    Just got $270 for my iPhone 4 16 GB from Amazon trade-in. :cool:
     
  22. paule350 macrumors member

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    Oct 6, 2011
    #22
    My 4s is in great shape except for the back upper corner is a little messed up. looks from a fall. No scratches on front or back. wonder if they would give me like new trade in..
     
  23. MioPomo macrumors member

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    Oakland, CA
    #23
    Inconceivable!
     
  24. aneftp macrumors 68040

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    Jul 28, 2007
    #24
    That is not "like new". It's considered middle "good" which is a 60-70 dollar drop off.
     
  25. engelke2010 macrumors 6502a

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    Mar 28, 2010
    #25
    I have never used Gazelle, but they are quoting $250 for a 4s that is in "Good" condition.
     

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