This may be the best time to sell your iPhone if you want to buy iPhone 5S

iphone resale price change

Every year, before the new iPhone releases, current users rush to trade-in their existing devices to fund their new purchase. Apple products have a very good resale value compared to other gadgets, but if you want to get the most you can for your device, the best time to sell it is now. September 10th is less than a month away, and with each passing day from now to then, your iPhone will start losing its value.

There are various channels through which you can resell your device, with NextWorth and Gazelle being two of the most popular ones. The two companies specialise in buying used gadgets, and although they might not offer you the best price, they let you ship your iPhone for free and even erase all personal data from the device. Another benefit of their trade-in program is that they let you lock-in your price 30 days in advance, so you don’t have to part with your iPhone right away.

Amazon offers great resale value for your used iPhones, the catch being that you’d be paid in Amazon.com gift cards rather than cash.

Apple’s resale program is a part of its environment friendly recycle process. The trade-in prices are comparable to what NextWorth or Gazelle would offer for a used iPhone, with the exception being that in this case you’d be paid in Apple Gift Cards. Best Buy works similarly, handing out Best Buy E-Gift Cards upon trading-in your used iPhone.

GamestopRadioShackVerizon all offer similar trade-in programs. Gamestop gives you a lot more value for your iPhone if you’re willing to accept in-store credit rather than cash.

The chart below compares the trade-in prices being offered by these companies, assuming that your iPhone is in a good state with its accessories intact. Note that the prices listed are for the black AT&T variant. Prices for other models with same capacity might vary.

iphone-resale-value-2

Do you plan to upgrade to the iPhone 5S? If so, do you plan to lock-in the price for your iPhone now or do you plan to wait for Apple to launch the new iPhone before making that decision?

[via 9to5Mac]