Trading in your Phone vs Selling it: A Value Comparison

Buying a new phone is something that most of us do around once every two years. The devices are vulnerable to wear and tear, and new models come with new features that are sure to tempt many into an upgrade.

If you’re buying a new phone, however, then you’re still left with the problem of what to do with the old one. It’ll still hold a bit of value, and if you can recoup a little bit of the amount you’re spending on a replacement, then the upgrade will sting that little bit less.

Generally speaking, you have two options when you reach this juncture. You can trade your old phone into the shop from which you’re buying the replacement; or you can sell it, either on the open market or to a specialist phone-recycling firm. Let’s look at the case for each.

Why Trade In?

The great thing about trading in is that it’s convenient and easy. You’ll simply present your device when you buy it in person from the store. There are no shipping and postage costs to worry about, and you won’t need to spend much time researching. Many retailers will have a list of prices for their phones available online, which will provide you with an idea of exactly what you’re getting. So, for example, if you want to sell your Galaxy Note, then you can figure out in advance whether it’s worth your while, and shop around for the best possible deal.

Why Sell?

All of the convenience of trading in, of course, comes at a slight premium. Moreover, the phone shop might impose specific limitations on what can and can’t be traded in, meaning that owners of some models might find themselves with no choice but to sell their phone openly. Fortunately, selling online is easier than it ever has been – you’ll just need an account on Gumtree, eBay, or Facebook to get in touch with potential buyers. Since just about everyone needs a phone, making that sale is usually quite straightforward.

What effects the price?

The model and make of your phone will make the biggest difference, but things like wear and tear will also take their toll. If you’ve dropped your phone on the bathroom floor and shattered the screen, then you might consider getting it repaired before you list it for sale – as most buyers won’t be looking for a ‘fixer upper’.

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