If you’re planning to sell your phone to buy a new one, you are in luck. We have the perfect guide for you.
Every year we have that temptation – of buying a new smartphone. Some sell the old phone to help fund the new purchase. However, a question remains – how can you get the best resale value for your phone? For this, there are two things that are very important – who you are going to sell your phone to? And when you are selling it?
Of course, there are certainly other factors which decide how much you will be getting for trading your old phone. We’ll take you through them all. The resale value of the phone mostly depends on factors like the current price of that phone, and condition of the phone and its brand value. Here are some tips on using these parameters so you can get the best price for your old phone.
When to sell?
The very first thing to notice is the time when you decide to sell your phone. This will ascertain its resale value. In order to get the best value for your phone, you should ideally sell it within 6 to 8 months after you purchase it. There are several reasons behind why no one may want to buy a phone that is about a year old. Within this time frame, a new version of the phone would have been launched. Phone models will witness a drop in value after the new model of the phone is released. You must try to sell your phone within 6 to 8 months from the date of purchase to get the best price.
Current price of the phone
Always keep in mind the current selling price of the phone before you get an estimate of the resale value for your phone. Most of the phones could offer up to 50 to 60% resale value of their current price. So check how much the device is selling for before you go to trade in your phone.
Condition of the phone
One of the most important factors that decide the resale value of your phone is its condition. Nobody will be willing to buy a damaged phone. Consider your phone for the best price only if it has been kept in a very good condition. The most critical factor would be that the display of the phone should be intact and not have any scratches. Use a screen guard or tempered glass to protect the display.
Functionality of the phone
The functionality of the phone must also be taken into consideration. If the phone has some performance or battery issues, buyers may be hesitant. Moreover, it would be helpful if you have all the accessories maintained with it including earphones and charger. It will definitely help in getting a good resale value.
Consider brand value
Lastly, you should keep in mind the brand value. In most cases, the value largely depends on which brand you are selling. The brands that are established in India for a long time and could be considered reliable have a greater resale value than others.
Got all of this? Now sell your phone on Cashify for cash, within just 48 hours!