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iPhone Trade-in: Deal or no deal?

Posted on by Mike Evans

Apple has just launched its iPhone trade-in programme in the UK. It is ok but not amazing. I did a quick check on my old unlocked 32GB iPhone 5 in grey (mint condition) and came up with a rather unattractive quotation of £230.

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In comparison, the popular CEX outfit which has stores around the country and a big on-line presence, offered a cash deal of £310 for the same model and condition. This isn't a part-exchange, so represents a real improvement in return. eBay prices are likely to be even higher although sellers have to contend with the inconvenience of handling the auction and the ever-present risk of fraud. There is also a commission to pay and this can add up to 15% of the sale price if PayPal is used for settlement.

Whichever route you choose to dispose of your old iPhone there is one inescapable fact: Apple products fetch the highest prices on the second-hand market. It is one reason why a premium product such as the iPhone is so popular. Resale values, as always, underpin the sales of new phones. 

CEX offers £80 more for the same phone. But just look at the reselling price and weep. Who pays £535 for a one-year-old iPhone 5?

CEX offers £80 more for the same phone. But just look at the reselling price and weep. Who pays £535 for a one-year-old iPhone 5?

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