Best value for iPhone 5 trade-in?

Discussion in 'iPhone' started by bluemonkeyguy, Sep 18, 2013.

  1. bluemonkeyguy macrumors 6502

    Sep 7, 2010
    I have Apple Care Plus for my black 32gb factory unlocked iPhone and my lock-screen button has failed. I talked to a genius and they said that the Apple store will replace my phone on the spot. So anytime I want I can get pretty much get my phone revived to a new one by replacement. Now I would get a 5S but if the trade-in value isn't worth it, I'll just wait for the 6 or next iteration of the iPhone.

    Paid around $830 for it and I'm searching the best route to obtain the most value that will go towards the new phone.

    T-mobile trade in offers $303 ... peanuts
    Gazelle offers $320 ... peanuts
    Craigslist goes around ~$550 ... ok, average but will want a little more and don't want to get shanked
    eBay completed listings bounce between $550-$800 ... this is great but what if the buyer claims some ******** delivery issue?

    So what do you guys think? Please share your experience on the best way to achieve maximum value for your 5.
  2. bunnicula macrumors 68040


    Jul 23, 2008
    No offense, man, but all those prices look very reasonable for a 32gb iPhone 5.

    Just because you paid top dollar, doesn't mean someone else will now. Too many iPhones on the market. Look at it this way... if you got the phone for upgrade pricing, you'd have paid 300 bucks for it, and if you got 303 from T-Mobile, would that not seem like a reasonable offer?
  3. aneftp macrumors 601

    Jul 28, 2007
    Seller goals: maximize highest selling price

    Buyer goals: maximize lowest buying price

    capital markets determine prices

    Apple care is really only worth 20-40 cents on the dollar for your return.

    EBay remember to subtract about 7-10% from fees and shipping plus risks.

    Someone selling for $600 may be netting about $540.

    I don't believe somone would pay $800 for 32gb iPhone 5 when they can get brand new for $750 plus taxes unless its international buyer or scammers trying to ruin your sales.

    And how motivated are you? To be honest. The going prices for used 32gb even with apple care will be $450-500 on most Craigslist hard cash.
  4. bluemonkeyguy thread starter macrumors 6502

    Sep 7, 2010
    But on ebay under completed listings, people are really buying it for that. Thats what boggles my mind. Damn even one of them had a bad emie like wtf??

    I guess it makes sense. Btw it is considered a brand new phone because im getting it replaced if i go through selling it. Otherwise it will stay broken on its lockscreen buttone because I have it jailbroken.
  5. aneftp macrumors 601

    Jul 28, 2007
    If you look closely at the sold phones. The guy who sold 4 phones for $999. Look at the 4 people who purchased them. Those buyers had almost zero ebay history with 0 or 1 total ebay purchases. Those are scam buyers ruining the sales.
  6. CrAkD macrumors 68040


    Feb 15, 2010
    Boston, MA
    I Say craigslist is your best bet. I have sold my last 3 on craigslist. just have them meet you somewhere public.
  7. CEmajr macrumors 601

    Dec 18, 2012
    Charlotte, NC
    Craigslist is your best bet. Either that or put it on eBay for around $530-550 buy it now pricing.

    Trade in sites don't payout extra for larger storage sizes or brand new phones.
  8. mr1581 macrumors 6502

    Jun 21, 2007
  9. rockyroad55 macrumors 601


    Jul 14, 2010
    Phila, PA
    Your value is going to plummet a lot more for the next iteration. If you think you're getting close to max value, think again.
  10. aneftp macrumors 601

    Jul 28, 2007
    Remember the new iPhone 5C (and obviously the 5S) support all 3 LTE bands on T-mobile, Verizon, and ATT.

    Unless you have a April 2013 or newer iPhone 5 (that supports T-mobile 1700/2100) HSPA plus bands, the "older iPhone 5) "factory unlocked" used iPhone 5 aren't going to get you top dollar.

    Or unless area is reframed for 1900 T-mobile HSPA, your audience of buyers is much less.

    I'll tell you this, savvy buyers want the 32GB iPhone 5 for between 350-400 these days. They may settle for 400-450 on craigslist.

    Also the "brand" new iPhone 5C 32GB retails for $650. So you are looking at around $600 ebay selling price ($540 net selling price).

    Those are the price points in this market
  11. deraj090 macrumors regular

    Feb 18, 2010
    Shouldn't be a problem. Ship it domestically only, with insurance, delivery confirmation and mandatory signature requirement. Your buyer won't be able to claim any bogus delivery issues.
  12. Jnyce macrumors regular

    Jun 14, 2010
    Using Gamestop and their 30% more on trade in towards the PS4 and Xbox One offer. I know it is store credit but hey if I can use my 5 and 4S to pay for my systems with no money out of pocket that is a win. 433 for the 5 and 230 for the 4S both are mint plus 30% :D
  13. evilrt macrumors regular


    Oct 7, 2011
    New Jersey USA
    I sold my 5 on eBay last week for $550 (buy it now, paypal only, no returns) + $16 for shipping. It's a 64gb. Quick instant sale that made me $541. I'm getting a 64 5s for $420something after taxes. I made it very clear that the phone would be shipping out on the 21st. So a new phone and a hundred bucks in my pocket. Just sell it for $549 soon because the longer you wait, the less you'll get.

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