Apple’s latest iPhones are starting to ship, a move bound to inspire many fans of the popular smartphone to ditch their current models in favor of the bigger, sleeker iPhone 6 or iPhone 6 Plus.
Often that means turning in your older phones for a credit from your carrier. But selling your phone online or to companies that buy back used models can often offer a better return than your wireless provider. Here are some ways to cash in on that soon-to-be mobile relic:
• Price it right. When selling your phone online, think of it like a house. Homes generally sell for about the same price as comparable houses.
• List it soonest. , 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.
• Consider trading it 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.
• Donate to charity. 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.
The Associated Press
