Tales from the (Smartphone) Crypt: Treats -- Not Tricks -- for Smartphone Trade-Ins

Share Article

SmartphoneTradeIn.com Offers Five Tips to Get the Most Value out of Smartphone Trade-ins

As smartphone sales skyrocket following the highly-anticipated release of Apple’s iPhone 5 and Samsung’s launch of the high-end Galaxy S III, more consumers than ever are looking to trade in their older cell phone model for cash. The experts at SmartphoneTradeIn.com, who have bought back over six million phones over the past decade, offer these tips to help consumers get treats -- not tricks – while getting the most cash possible for their older mobile devices.

Trick! Price Luring! It’s the classic bait and switch – a retailer advertises a great price on a product to get you into the store, only to tell you they’re “out of stock.” Many cell phone buyback companies do the same, offering an above-market price for a certain model of phone to get you “in the door,” only to send you a lower amount once you’ve sent in your phone. Always be skeptical of companies offering hard to believe buy-back pricing on newer model phones and be sure to shop around.

Treat! Your phone’s hidden value. Most cell phone carriers subsidize the price of new smartphones in exchange for a long-term contract. The true value of that $200 iPhone, Blackberry or Samsung Galaxy S III you bought may have been upwards $400-$600! So don’t think you got a good deal just because you’re trading in at more that you paid – consider the phone’s true original value.

Run! The time is always NOW. Like a new car, as soon as you “drive your phone off the lot,” it begins to lose value. The sooner you trade-in your smartphone, the more cash you will get. Based on demand, cell phone buyback companies change their pricing offers regularly, but don’t bet on your phone increasing in value – it never will. Sell your smartphone for cash as soon as you have your new one in-hand.

Boo! What you CAN’T see CAN hurt you. So you dropped your phone in the toilet last month. But all seems fine – no stuck buttons, the speaker still works, etc. The phone looks great so you rate it as “excellent condition.” But keep in mind that buyback companies will examine your phone’s guts. Water damage is often a hidden flaw. If signs of rust or wear show up inside the phone, you’ll get less cash back. So keep your phones dry or expect less cash back than what you were quoted.

Scream! The trade-in black hole. Dozens of buyback companies have popped up recently, as the market for cell phone recycling expands rapidly. Look for longevity, experience, and a physical address! Otherwise, who knows where your cell phone is going? Location also matters in cell phone buyback pricing. Phones get exported to markets around the world so proximity to ports reduces costs, and allows buyback companies to offer higher cash quotes. For example, 75 percent of refurbished cell phones go to Latin America, so a location in Miami, the wholesale export capital for the southern hemisphere, can yield better pricing than a location in Boston, for example.

About SmartphoneTradeIn.com

SmartphoneTradeIn.com helps consumers around the country quickly and easily trade-in their cell phones for cash. SmartphoneTradeIn.com is a program offered by independently owned and operated GRC Wireless (http://www.grcwireless.com), located in Miramar, Fla. GRC Wireless is one of the largest and longest-operating cell phone trade-in and buyback companies in North America and has bought back over six million cell phones since its founding in 2002. Thousands of consumers and more than 6,000 charitable organizations turn to the company for fast and competitively priced cell phone trade-ins.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Marc Leff

(954) 444-3422
Email >
Visit website