Why It’s a Great Time to Trade in Your Old iPhone

This is an excellent time to trade in your old iPhone for top dollar, even though you will upgrade to the iPhone 6 and not the iPhone 6s. Soon we will see the value of older iPhones drop dramatically as many owners start to sell their iPhone to upgrade to a new iPhone 6s or iPhone 6s Plus.

Although the new iPhone typically gets the most attention, this is also a time when a lot of users will upgrade to the iPhone 6, which should drop in price when a new iPhone arrives.

By trading in your old iPhone today you can get more cash and you can also pair this with iPhone 6 deals to save on a new iPhone without waiting for an iPhone 6s release date to push the price of the iPhone 6 down.

The iPhone 5 trade in value is up to $100 and the iPhone 5s is up to $170 from NextWorth, which makes an upgrade to the iPhone 6 more affordable. These values will change in the coming weeks, and NextWorth shares a look at what will likely happen to the trade-in values of the iPhone in the coming weeks.

As you can see in the chart above, the iPhone 6s release date will very likely push the value of your current iPhone down 10% by the time the iPhone 6s release date arrives and another 20% to 30% by the end of the year.

It is still too early to lock in the price of the iPhone trade in to pick up a new iPhone 6s on day one, but if you want to upgrade to an iPhone 6 or iPhone 6 Plus, you can pair good trade-in values with deals to come out ahead.

Jeff Trachsel, NextWorth CMO, explains to Gotta Be Mobile why it makes sense to trade in now. 

“As the graphic depicts, iPhone residual values fall fastest in the months immediately before and after iPhone launches. For those looking for the best deal, selling now and upgrading to an iPhone 6 makes sense.

Retailers are starting to discount the iPhone 6 to make room for iPhone 6s inventory, and resale values for models like iPhone 5 and 5s have not yet started to decline significantly. Selling now can help defray the cost of new, and can even help fund a warranty program – negating the need to hold onto a backup phone.” 

Make sure you consider all the options as T-Mobile offers a trade-in deal of its own to get the iPhone 6 now and the iPhone 6s by the end of the year.

We expect the price of the iPhone 6 to drop $100 when the iPhone 6s release date arrives, but we are already seeing many retailers drop the price of the iPhone 6 to $99 on a two year contract.

Even though the iPhone 6 is almost a year old there are plenty of reasons to love this phone. Check out the slides below for our favorite iPhone 6 features. There are also exciting new iPhone 6 iOS 9 features coming.

[slides postid=303586]