Best way to upgrade to iPhone 5 midcontract?

Discussion in 'iPhone' started by maclook, Aug 23, 2011.

  1. maclook macrumors 65816

    Joined:
    Nov 2, 2008
    #1
    The iPhone 4 is my first iPhone so I'm inexperienced with this. What is the best way to upgrade to the iPhone 5 midcontract with AT&T? My options that I know of are:
    1) Sell on eBay or Craigslist
    2) Pay upgrade fee and sign a new 2 year contract with AT&T
    3) Trade in with BestBuy or Apple or Gazelle for like $250 max :(

    I'm thinking 1 is the best option and then I can buy an unlocked phone for $300ish without resigning with AT&T (who knows if I'll want to be with them another two years). Is there any rush to sell before the announcement/iPhone 5 release? I know the iPad retained it's resale value even after the 2 was announced. Thanks for any help!


    sidenote: The simple fact that the iPhone 5 should have a better camera is the main reason why I want to go through the trouble to upgrade. I take so many pictures with my iPhone that I figure it's worth the investment to get another year of pictures in higher quality.
     
  2. Dandrews524 macrumors 6502

    Joined:
    Jan 30, 2009
    Location:
    New York
    #2
    do 1 followed by 2 and you should be just fine
     
  3. cyks macrumors 68020

    cyks

    Joined:
    Jul 24, 2002
    Location:
    Westchester County, NY
    #3
    You realize that if you buy one without resigning, it's $650. For the $300 price you'll need to sign a new 2 year contract.
     
  4. wordoflife macrumors 604

    wordoflife

    Joined:
    Jul 6, 2009
    #4
    Sell your old iPhone on craigslist and buy a new one using AT&T's Early Upgrade pricing. It's $399 for 16GB and $499 for 32GB (+$18 activation fee + new 2 year term). You won't be able to buy an iPhone 5 for $300 unless you are a new customer, are adding another line, or have an available upgrade.
     
  5. maclook thread starter macrumors 65816

    Joined:
    Nov 2, 2008
    #5
    Sorry I meant I could pay an additional $300 after selling it for $300-400 to buy a new unlocked iPhone, totaling $650.

    Thanks for the replies. Do you think there's any rush to sell sooner rather than later or will the iPhone 4 retain its value for a while?
     
  6. maximus96 macrumors 6502a

    maximus96

    Joined:
    Sep 25, 2007
    #6
    early upgrade is now $250 i believe, so for a 16gb it will probably be $199+250+18
     
  7. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #7
    This seems like the best way to do this.

    Better specs doesn't always mean better pictures. You might want to wait and read some reviews before you upgrade.
     

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