Selling vs Trade in: Which one pays the most?

by whatsmind

After having your phone for a while, or you are fast approaching an upgrade, what do you do with your old mobile phone. Sell it? Or Trade in? As you can make cash off your old device. There are advantages and disadvantages to both. The article will explore both options. 

Trade in what is it and how does it work? 

Depending on where you are buying your new phone, whether it be through the manufacturer or wireless carrier then the easier option would be to trade-in. Trade in is where you ‘trade in’ an old mobile phone for either money, store vouchers, or money off a phone contract.  

Trade in typically works where you will get an estimate of how much your phone is worth, the carrier will provide a prepaid return kit or shipping labels, so you won’t have to bear the cost. Once the carrier has received the phone, they will provide a final value of how much the phone is worth. Dependent on the company you have trade with. You will receive money, store credit, gift card etc.  

What are the advantages of trade in? 

Trading in your phone is a straightforward and easy process where you yourself don’t have to figure out the pricing, and where you will sell it. The company you trade it into will do this for you. You also won’t need to worry about logistics hassles, such as shipping and meeting up with interested buyers, etc. The downside is that older phones might not be eligible for trade-in. Also, as it is being sold by a third party you may not receive as much money as you would if you sold It yourself.  

Also read: How long do MacBook pros last?

How to sell your phone 

Selling your phone does take more legwork from yourself to sell your own phone however, you will likely receive more cash in the pocket as there is in no middleman to go through. You can sell your phone through many different places whether it be an online retailer or on Facebook Marketplace etc. For example, you want to sell your iPhone xr. It is unlocked, has max storage capacity, is in a good condition.

The price you could sell this for on an online retailer could easily be £50- £100 more than you could great if you sold via trade-in. The only downside is that finding a buyer can be very tedious and boring and you may find potential buyers drop out, and you have to look elsewhere to make a sale. 

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