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What would an apple watch resale value if in good condition be like?
- Thread starter Barcafan89
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A 42mm stainless - used in excellent condition with sport band would go for $400, maybe $450. If you look around, here or craigslist or eBay you'll find that they are widely available - I would say if you have AC+ list to for $450 but be willing to accept $400.
you can find these pretty easy on Craig's List for cheap.
These devices are not a good investment but it is what they are going for used.
It all depends on the buyer, how much they feel it's worth. You have your fixed price, they have their's, somewhere in the middle is where both eventually meet. Here in Ireland the 42 sport retails at €479, second hand ones start at 420 but with haggling they usually go for 350, which is how I got one!
It doesn't matter if it has no marks what so ever. It's the fact that it is 'used' and people will always be weary about it due to the fact they are buying the watch from a complete stranger rather than a well established company.
Unless you're selling it for half price, alot of people will contemplate whether they should add another $100-200 to get a brand new one from Apple (with Apple Care and 14 days return policy if they don't like it).
If you look at Craigslist here, and look at eBay, the prices are all over the place. Some are marginally below retail, and others way below. I just bought a stainless steel 42mm with leather classic buckle. The two I had narrowed down to were one on Craigslist for $500, with AppleCare and 3 other bands. The other was on Ebay from a very reputable seller with over 10K positive feedback for $522 and came with the black classic buckle and AppleCare through 2017. It looks pretty much mint in the pictures ... will see when it arrives.
I do a lot of photography and have bought and sold a lot of cameras, lenses, etc. used. What I find is some people just have in their head what something "should" be worth, and its not reality. I had a guy one time trying to sell a used lens for more than I could buy it new because there was currently a rebate going on. I was willing to pay him 90% of new price because lenses carry a high resale value, but he wouldn't budge. Not sure what these people end up doing, or maybe they don't really want to sell. With a gadget like a smartwatch, the value will decline over time so holding out with a crazy price won't end well.
I think the prices like I listed above are from people that seriously want to sell them quickly. So you have to decide if you want to have it for sale for who knows how long, or you want to get rid of it and move on. So I would say $500 for SS 42 with leather band, and maybe $425 for it with sports band. There is also a guy selling brand new SS 42 with black sports band for $519 and appears to have sold 325 of them so far. This isn't a band you can get with the watch from Apple. I was tempted to buy that one and the leather band separately, but would have been a lot more if I added AppleCare.
I do a lot of photography and have bought and sold a lot of cameras, lenses, etc. used. What I find is some people just have in their head what something "should" be worth, and its not reality. I had a guy one time trying to sell a used lens for more than I could buy it new because there was currently a rebate going on. I was willing to pay him 90% of new price because lenses carry a high resale value, but he wouldn't budge. Not sure what these people end up doing, or maybe they don't really want to sell. With a gadget like a smartwatch, the value will decline over time so holding out with a crazy price won't end well.
I think the prices like I listed above are from people that seriously want to sell them quickly. So you have to decide if you want to have it for sale for who knows how long, or you want to get rid of it and move on. So I would say $500 for SS 42 with leather band, and maybe $425 for it with sports band. There is also a guy selling brand new SS 42 with black sports band for $519 and appears to have sold 325 of them so far. This isn't a band you can get with the watch from Apple. I was tempted to buy that one and the leather band separately, but would have been a lot more if I added AppleCare.
http://checkaflip.com/ - shows current ebay listings and recently closed listings, all in USD. Quick search seems to suggest cyclingplatypus had it dead on at $450+.
Going by reports, Analysts are expecting Apple Watches to retain 44% of their initial value (based on the Sport) after 1 year and 30% after 2 years. Like any product, the value of the Watch will decrease dramatically initially, so in short, you will likely see a 20-25% hit in value after only a month and this will slow down until it reaches the expected level of 44% after 1 year.
What this means for consumers is that if you are not bothered about 2nd hand, you should be able to pick an Apple Watch Sport up for up to £100 cheaper than RRP after only a month.
Also, if it's got Applecare+ attached, then I expect the value of the Watch to be significantly higher.
I paid £388 for my 42mm Apple Watch White Sport with Applecare+. I've had it for 5 months now, it's in perfect condition with no scratches (so far) on the glass or body. I would expect to get somewhere in the region of £250-£270, only because I have Applecare+, without Applecare+, a reasonable figure would be £220-£240.
Whereas after the year, we are looking at £150 (£170 with Applecare+) and closer to £100 after 2 years.
I think it's a great idea to pickup a 2nd hand AW, try and get one with Applecare+ as well, but you should be able to pick one up for between £60-£100 less than RRP.
What this means for consumers is that if you are not bothered about 2nd hand, you should be able to pick an Apple Watch Sport up for up to £100 cheaper than RRP after only a month.
Also, if it's got Applecare+ attached, then I expect the value of the Watch to be significantly higher.
I paid £388 for my 42mm Apple Watch White Sport with Applecare+. I've had it for 5 months now, it's in perfect condition with no scratches (so far) on the glass or body. I would expect to get somewhere in the region of £250-£270, only because I have Applecare+, without Applecare+, a reasonable figure would be £220-£240.
Whereas after the year, we are looking at £150 (£170 with Applecare+) and closer to £100 after 2 years.
I think it's a great idea to pickup a 2nd hand AW, try and get one with Applecare+ as well, but you should be able to pick one up for between £60-£100 less than RRP.
the guy was an idiot.. he wanted $400 because he wanted to go buy the space grey sport instead. i offered $220 and he countered at $240.. he took the money and went right to best buy and bought a space grey sport.
Yeah I think this will be a rare occurence and well done on getting a crackin' deal.
There is not a large second hand market for the apple watch. If you get a little over half of your money back, you did good.