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You were happy enough with your iPhone 4S until today, when the new iPhone 5 was announced. What to do? Trade it in, of course, if you must have the new one.
Gazelle and NextWorth are among the larger trade-in services for consumers.
Gazelle?offers a 30-day price lock. So, if you get a quote today, that price is set for the next 30 days and will not drop, as it will with some other trade-in sites. The other plus is that it lets you hang onto your old phone until you get the new one.?
A spokesman for Gazelle told NBC News Wednesday that in the last month, the site has seen a "more than 600 percent increase in iPhones traded in," compared to the month before last year's launch of the iPhone 4S.
"In the past few weeks,?Gazelle has seen record volume, including one full week in which we were presenting one iPhone offer every second," the spokesman said. "Gazelle's volume last week was about five?times the volume of the week prior to the iPhone announcement last year."
What happens to prices after the actual announcement of the new iPhone?
"It appears that we saw about a 25 percent?decline in prices in the first week after the announcement and a steady decline over a 3- to?4-week period," he said.
Gazelle, like most other sites, will even take the earliest iPhone, which came out in 2007, in trade (Gazelle calls it the "iPhone Classic"). But don't get your hopes up or plan that trip to Vegas yet: an 8 GB original iPhone in "good" condition will only get you 9 bucks (as of today). If it's in "flawless" condition (hard to believe after more than five years), you'd get $19.
There's also eBay Instant Sale?as a trade-in option.?It's faster and easier than regular eBay auctions. You enter the info about your iPhone, get a quote, and if you like it, ship it to eBay ? they pay for shipping ? and you are paid via PayPal.
You can also use Apple's?recycling program, which will give you an Apple-only gift card for your older?iPhone.?As AP's Barbara Ortutay noted, a?32 GB iPhone 4S "with some light scratches but in good working condition was recently estimated at $280. That's higher than Gazelle, but you'll have to spend the money at Apple."
Check out Technolog, Gadgetbox, Digital Life and In-Game on?Facebook,?and on?Twitter, follow Suzanne Choney.
Source: http://www.nbcnews.com/technology/gadgetbox/where-trade-your-old-iphone-sooner-better-994141
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