It’s no secret that the iPhone 5s, or perhaps iPhone 6, will be out sometime next month. Those that haven’t upgraded in 24-months and are willing to sign a new 2-year agreement will enjoy the normal subsidized price of $200 for the 16GB model. However, those that aren’t eligible for an upgrade will be faced with an exuberant price tag, even if their carrier provides an early upgrade options, which is often anything but a discount.
An alternative option is to sell your existing iPhone on eBay, Craigslist, or those alike. You’ll no doubt net the highest amount for the phone. Another option is to sell it to a “trade in” site, though much like a car dealership versus a private sale you’ll reduce your asking price. But if both of these options seem like too much hassle than its worth, good news, because Apple is rumored to be launching their own trade-in program before the end of August.
The program is said to be officially called “iPhone Reuse and Recycle Program”, and unlike other outlets that offer cash for your old handset, Apple would simply offer you a credit that is good towards a carrier purchased iPhone, be it the iPhone 5s, iPhone 6 or even an iPhone 4s – ask me, and it will likely be an Apple Store credit.
Apple has long sold their older generation equipment at a discount, so it’s likely your last-gen handset will end up in the hands of someone else be it through a warranty exchange or a brand new customer. That said, the value of your 16GB iPhone 5 is said to be some where between $250 and $280. Again, if you look to Ebay or Craiglists you’ll surely net more, but you’ll have to incur the hurdles of shipping or meeting strangers in dark alleys.