Options abound to sell used mobile phones
Apple's latest iPhones begin shipping this month, a move bound to inspire many fans of the popular smartphone to ditch their models in favor of the bigger, sleeker iPhone 6 or iPhone 6 Plus.
Here are some ways to cash in on that soon-to-be mobile relic:
1. Price it right.
If you list the phone on eBay, the site will suggest a price range based on recent sales of the same model.
Details such as the model,memory size and whether you have the original packaging, manual and peripherals, such as the charger, factor into the potential sale price.
“The real key here is the condition that your phone is in today,” said Jeff Somers, vice president of verticals for eBay North America. That means cosmetic factors such as scratches mean a lot.
2. List it first
USell.com, a portal for selling mobile phones, says iPhones typically depreciate about 20 percent in the six to eight weeks after a new model is announced.
So if you plan on buying the new iPhone, which begins shipping on Sept. 19, consider selling your older phone right away.
3. Consider trade-in.
Wireless providers often will buy back your older phone, as long as it's still functioning, when you trade up to a newer model. You generally won't get as much as you could from selling it online, however.
4. Donate it.
If you're still hanging on to your flip phone from 10 years ago, getting money for it even in a trade-in may be difficult. But you can still wring some value out of it if you donate it to charity.
A nonprofit group called Cell Phones for Soldiers will take your “gently used” phone and sell it to recycling company ReCellular. It will then use the proceeds to buy calling cards for soldiers. The National Coalition Against Domestic Violence works with another recycling group in a similar manner.