I am trying to weigh my options, I am going to buy the new iPhone in june for 199 when it is released with my upgrade. Before the water damage my wife was going to get my 3gs but, since it and her 3g both got caught in the rain; I am figuring out the cheapest way to get the two best phones I can. I will most likely pay 199 to get a new 3gs from Apple then sell the phone to cover the 199 for my new phone and as much of my wifes 399 early upgrade as possible.
Option one:
Replace 3Gs -200
Sell 3Gs +500
Sell water damaged 3G +50
Buy iPhone 4 w/ upgrade -200
Buy iPhone 4 w/ early ug -400
Total -250
Option Two:
Sell water damaged 3Gs +100
Sell water damaged 3G +50
Buy iPhone 4 w/ upgrade -200
Buy iPhone 4 w/ early ug -400
Total -450
Option Three:
Replace 3Gs -200
Sell water damaged 3G +50
Buy iPhone 4 w/ upgrade -200
Keep new 3Gs 0
Total -350
So it looks to me that even if I can only get 400 for the perfect 3Gs I will still be better off and I will have two new iPhones. Are their any visible flaws in the plan? I will sell the 3Gs before the new phone is announced to maximize the value.