This.
I was going to say, why try to make money off your friend if they really are a good friend?
I personally would try to make sure my friend was either losing as little money as possible or making the most as he possibly could in the transaction.
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How much for a week old iphone 5 16gb AT&T
- Thread starter Ramio
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This.
I was going to say, why try to make money off your friend if they really are a good friend?
I personally would try to make sure my friend was either losing as little money as possible or making the most as he possibly could in the transaction.
Really? You would pay $600 for an iPhone 5 if you are to buy it from a friend? Or are you guys just saying that because it sounds good? If anything, paying the market price (ebay and craigslist) is the most reasonable if he's your friend.
In my case, if I were to sell anything to my friends, I would always give them more than a fair deal which is a great deal.
I guess for you it makes sense to make money off of your friend but to me if I buy something that is damn near brand new from a friend then I pay them what they paid for the product so that they don't lose out on money (unless the product is damaged).
Not to me it's not. To me I have a personal rule not to make any profit off of my friends and family. This is just an excuse for being slimy and trying to make a profit off of my friends loss by calling it "market value."
If your mom bought an iPhone 5s for $650 and didn't end up liking it a few days later would you also try to make a profit off of her in the name of "market value" and only offer her $500 for it? Of course not
I guess for you it makes sense to make money off of your friend but to me if I buy something that is damn near brand new from a friend then I pay them what they paid for the product so that they don't lose out on money (or as little loss as possible).
Not to me it's not. To me this is just an excuse for being slimy and trying to make a profit off of my friends loss by calling it "market value."
If your mom bought an iPhone 5s for $650 and didn't end up liking it a few days later would you also try to make a profit off of her in the name of "market value" and only offer her $500 for it? Of course not
How is it I try to make money from my friend if I said I were the seller and I would give my friend the best deal? Your comment doesn't make any sense.
Edit: If I bought an iPhone 5 for $500 a month ago and now it's only worth $400, I would not sell it to my friend for $500 if he wants to buy it. Just because he's my friend that doesn't mean he should pay $500. I would be gladly to give it to him for $300-350. Just because he's my friend and paying $500 is a rip off.
I'm not talking about being a seller, I'm talking about buying a product from a friend (in which case I would make sure not to make any profit off of them by paying them what they paid for the product).
You're comment is talking about a completely different scenario than what I am talking about.
Ok, in the OP case. If his friend purchased the phone for $100 on contract and he wants to sell it to the OP. You think it's reasonable to pay him $600? Really?
IMO, the most reasonable is to buy it at a fair market value if he's a good friend. If he's just a normal friend then that's even a different story I would try to bargain.
Your comment wasn't even relevant to my previous comment.
I never said $600 personally, but I believe the full-retail price of the iPhone 5 is now bumped down to $550 so yes... I would pay him that without hesitation as long as the unit was new and undamaged. Why would I offer him less, say $450? Just to make a $100 profit off my friend? Hell no.
I have a personal rule/value not to make any money off of my friends & family. It doesn't matter what they are selling. The thought of offering someone I care about less than what they paid for it just because people on Craigslist are selling theirs for less is something I would never do.
Wow
I never said $600 personally, but I believe the full-retail price of the iPhone 5 is now bumped down to $550 so yes... I would pay him that without hesitation as long as the unit was new and undamaged. Why would I offer him less, say $450? Just to make a $100 profit off my friend? Hell no.
I have a personal rule/value not to make any money off of my friends & family. It doesn't matter what they are selling. The thought of offering someone I care about less than what they paid for it just because people on Craigslist are selling theirs for less is something I would never do.
Wow
Why the heck are you keep saying profit? The OP wants to buy it for a family not to sell and make a profit. That's a different story.
You're telling me if your friend is selling an iPhone 5 16GB for $600 (tax), you would pay $600 know that people sell it on craigslist for $350?
If you would buy it from your friend then that's good for your friend but I highly doubt you would do that.
And I would feel guilty if I were your friend because he's to PROFIT from you. Yes, I use "profit" properly.
Yes, I buy high and sell low to friends.
That said I try to avoid anything to do with money. Personally I wouldn't buy the iPhone 5 at all, seeing I'm prepared to buy the 5s.
Thanks for all the input. Just bought it for $430. Not bad for an almost new phone. Someone said, a one week old iphone is the same price as a 6 months old mint iphone. I disagree. I think some people would pay a little premium to get the full year warranty.
Like my one week old phone it does not have a mark on it either. It's really new. 430 is a nice price. I'm hoping to get 400 for mine in a quick sale later this week. I put a cover on it as soon as it came out of the box. My broken screen black 16gb is on eBay now with a current bid of 255 and ends tommorrow. I could have waited to Friday and not get the white one but I would have cut my fingers on it . So it was really unsafe to use, good thing its just the glass and someone can fix it for less than a hundred dollars and its only 2 months old as well since it was a warranty replacement. So I'm selling both of mine and any extra money I'm putting towards my sons upgrade and is selling his for about 300 but its not mint and is marked up some. Putting out over 900 dollars on Friday is not my idea of fun but hopefully I will break even. If not oh well
It's short-sighted to not consider the value given up by being on contract for two years, resulting in either paying more for an upgrade during that time if he wants the next greatest Android phone in a few months or paying ETF if one decides to change carriers.
wow
it amazes me how in this day and age and time people still don't know the difference between on-contract and off-contract prices. Yes he got it for $99 but he has to pay $450 over the next two years as part of his plan subsidy.
Also, if you are getting it for a family memeber, unless your family memberis with T-Mobile or Net10 or any MVNO, you are paying whatever price you pay + $25 in subsidy every month, for a phone that you already own.
This transaction is AT&T's dream: Double subsidy for the same phone.
it amazes me how in this day and age and time people still don't know the difference between on-contract and off-contract prices. Yes he got it for $99 but he has to pay $450 over the next two years as part of his plan subsidy.
Also, if you are getting it for a family memeber, unless your family memberis with T-Mobile or Net10 or any MVNO, you are paying whatever price you pay + $25 in subsidy every month, for a phone that you already own.
This transaction is AT&T's dream: Double subsidy for the same phone.
It's short-sighted to not consider the fact that he might have multiple lines, some of which do not use their upgrades frequently or at all (e.g. Wife, mom, dad, grandma, grandpa)
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Since he did use it, he paid $99 for the phone, then he can sell it for $400 (or more, but let's just say 400). That's a profit of $300 on the phone. Now subtract the $450, he's only paying $150 over the next two years.
If he didn't use the upgrade, he would be paying $450 over the next two years like you said.
AT&T doesn't reduce your rate once you've paid off a phone's subsidy; it's in your best interest to use an upgrade as soon as possible. In this instance, he is saving ~$300.
Apparently not.
One should of course consider all aspects before deciding if it makes sense. In some instances it might make sense, in others it might not. IMHO though it'd have made more sense to spend the $99 on a 5s preorder; same cost basis, higher probable return.[/QUOTE]