Best way to upgrade to iPhone 5 midcontract?

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

  1. maclook macrumors 65816

    Nov 2, 2008
    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

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


    Jul 24, 2002
    Westchester County, NY
    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


    Jul 6, 2009
    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

    Nov 2, 2008
    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


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


    Aug 17, 2007
    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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