If you’re like, me you can’t wait for the new iPhone to reach market – potentially in early September (rumor has it dropping on Sept. 10). The thought of owning a beautiful gold iPhone brings chills down my spine. I love shiny things. But if you’re a true Frugalista, you want to be sure to get the best value when selling your old iPhone. If you already own an iPhone, now (or even a few weeks ago, yikes!) may be the best time to sell it to get the most value. USell, which has an online iPhone resale marketplace, recommends locking in the sale price of an old phone before the iPhone launch and then waiting to ship the phone until right after getting the new model.
Data on Getting The Best Price on Your iPhone Resale (from uSell):
1) One week after a new iPhone launch, old iPhones lose about 5 percent of value; two weeks after a next generation launch, old iPhones depreciate about 12 percent. By the third and fourth weeks, old iPhones are worth 20 percent less.
2) The iPhone is worth $72 more if you sell it before the launch of a new phone – as compared to selling it three weeks after launch
3) The iPhone 4s is worth $46 more if you sell before launch
4)The iPhone 4S is Worth $29 more if sold before before the launch of the latest model of iPhone