So you’re ready to preorder the new iPhone 8 or 8 Plus. Problem is, you’ve got an iPhone 7 — and you probably paid a pretty penny for it.
Solution: Sell that old iPhone to help subsidize the new one. Here’s how to get rid of it in the most profitable manner possible.
Do it right now
Stop wasting your time. The closer we get to the iPhone 8 preorder day, the less your iPhone 7 or 7 Plus will be worth. According to trade-in site Gazelle.com’s general manager, Yanyan Ji, the most recent iPhone model drops as much as $100 in value after the new iPhone is released, and previous models can drop between 10 and 20 percent, depending on consumer response.
If you have a backup phone — or can borrow one — sell your phone right now. If that’s not an option, some sites (including Gazelle) give you a grace period of up 30 days before you send in your phone.