Before you upgrade to the latest and greatest tech, consider selling your old smartphone. It’s still worth a decent chunk of change. While the resale market for smartphones is booming, getting top dollar for your iPhone or Android device depends on various factors. Everything from its physical condition and battery health to the original packaging and accessories can make or break your phone’s resale value.
In this post, we break down key things that influence how much your old phone can fetch, helping you maximize your returns and upgrade without breaking the bank.
7 The device’s brand and reputation
Device brand plays a massive role in resale value. A combination of brand perception, market dominance, and product lifecycle determines how much your old phone can fetch. Brands like Apple and Samsung have dominated the smartphone market for years. They have a reputation for quality, performance, and customer support, and these factors lead to higher consumer trust and a willingness to pay a premium for their devices in the pre-owned market.
Emerging brands like Oppo, Vivo, OnePlus, and Xiaomi are still building their reputation in certain markets. Since they have a niche appeal and lack a stronger ecosystem, it can impact their resale value. You might observe a similar trend when selling an iPhone compared to a comparable Pixel or Xiaomi Ultra device. The iPhone tends to obtain a higher resale value than its counterparts.
6 The device’s condition and ownership period
Link Image
These two important factors can significantly influence your smartphone’s resale value. Significant scratches, dents, and scuff marks affect a phone’s visual appeal and after-market price. Buyers are willing to pay more for devices that look and feel new.
Your phone should also be free from battery, microphone, camera, and other issues. A flawless device makes a positive impression, increasing its desirability and value. Since smartphone technology advances rapidly, you can’t rule out the ownership period.
Newer models with faster processors, better cameras, and improved features constantly enter the market, making older models less desirable. You need to time your sale to capitalize on its value.
5 The phone’s internal storage and battery health
A phone with a large internal storage (512GB vs. 128GB) can hold more apps, media, data, and files. This is a huge selling point for potential buyers, especially those who rely heavily on their phones for media consumption and storage. A large built-in storage also future-proofs and adds longevity to its resale value.
A higher battery health can also fetch better value for your current device. All smartphone batteries have a fixed lifecycle. The battery’s health takes a hit as it goes through a charging cycle. Most companies like Apple, Google, and Samsung offer multiple ways to improve health (by limiting it to 80%). A healthy battery means the phone is less likely to require a costly replacement soon, making it more attractive to potential buyers.
4 The phone’s repair history
Source: Samsung
Your phone’s repair history can be a significant factor influencing its resale value. A phone with a clean repair history is like a car with a clean accident record. It signals that the device has been well-maintained and hasn’t suffered any major issues.
It also indicates a reliable, problem-free device, boosting buyer confidence and justifying higher prices. A few minor repairs, like replacing a charging port, might not be a dealbreaker. Still, extensive repairs like fixing the logic board, camera sensors, and display decrease trust and resale value.
3 The supported software version and warranty coverage
These crucial factors can sway a buyer’s decision and affect your phone’s resale value. Software updates deliver new features, performance improvements, and security patches to protect against vulnerabilities. For instance, an iPhone X might not be worth much since it won’t get the iOS 18 update, whereas an iPhone XR can hold good value because it supports the latest system version. When you buy a new device, make sure to prioritize models that offer longer software support.
Warranty coverage acts as a safety net for potential buyers. Most devices come with a one-year standard warranty, which you can extend by a couple of years by paying extra. If your phone has a warranty, mention it prominently in your sales listing to attract buyers.
2 Where you choose to sell the phone
The platform you sell your phone on can impact its resale value. Different platforms have different fee structures, audiences, and buyer protection. For instance, eBay offers a massive audience and global reach, but fees can be high, and you need to create compelling listings and manage the entire sale process.
Facebook Marketplace gives you easy access to a local audience, making it convenient for in-person transactions. However, be cautious of scams. You can also opt for manufacturer trade-in programs, which are convenient and hassle-free but often offer lower values than selling directly.
Use different platforms to determine the best value for your device.
Related
Facebook Marketplace’s dirty dozen: The 15 most common scams and how to avoid them
Be careful before hitting the buy button on Facebook Marketplace
1 The device’s box and original accessories
Source: Samsung
An original box and accessories affect your phone’s resale value. It gives the impression that the phone has been well-cared for and is complete. It also serves as proof of authenticity, assuring buyers that the phone is genuine and not a counterfeit.
Including the original chargers, cases, earphones, and other accessories saves the buyer the hassle and expense of purchasing these items separately. A phone with its original box and accessories can often sell for up to 10% more than those without it.
Boost your phone’s resale value
Whether you own a budget gadget or a top-of-the-line model, you don’t have to sell it for peanuts when upgrading to a new device. You can significantly boost its resale value by paying attention to the factors above. After all, a little effort goes a long way, and you can always use extra cash to buy new accessories.
When you find the right owner and strike a deal, reset your device before handing it over.
