iPhone 6s: Time to Trade in Your Old iPhone?

It’s that time of the year again where Apple announces a new iPhone (in this case it’s the iPhone 6s). While prices aren’t looking too cheap for this brand new device, you can shave off a couple dollars by trading in your old iPhone.

Unfortunately, there comes the question off values, and CNN Money was able to put it in perspective on what the values were like as the months moved along. And if you’re interested in selling your old iPhone, they reported, “There is no shortage of companies that will allow you to trade in your iPhone, including all four national carriers, Apple (AAPL, Tech30), Best Buy, Target, Walmart, Amazon (AMZN, Tech30), Gazelle and NextWorth, among many others.” As you can see (image below), you want to try and trade in your old iPhone ASAP. If you wait too long, you miss out on a decent financial opportunity.

It would also be wise to point out that there are multiple factors to consider before trading in your old iPhone. Sure, there’s the appeal of receiving a chunk of cash, but is your phone in good condition? Has it been jail-broken? Some of these factors may actually lessen the value of your old iPhone (and it also depends on who you’re selling it back to).

But the more important question you should ask yourself is: Do you really need a new iPhone? By all means, if you’re using one of the older versions then trade it in. However, if you’re using an iPhone 6, iPhone 5s, there’s really no need to go out and pick up a new iPhone. They still function pretty well when it comes to everyday usage.

With the iPhone 6s due to be released soon, do you see yourself buying another iPhone? Let me know in the comments below.