The smartphone world keeps changing, with new phones arriving rapidly. Big brands like Apple, Samsung and OnePlus bring out new versions nearly every year, each with fresh features and better specs. But how does this fast change affect the new vs old phone resale value? If you’re thinking about selling your old phone, this article helps you understand why new releases lower old phones’ value and why places like Cashify give a great option for getting the most money.
Also Read: Is The iPhone 13 Worth The Price? Everything You Need To Know
Why New Models Lead to a Drop in Resale Value for Older Phones
Each time a new smartphone appears, the gap between the resale value of new and old phones grows. Here’s why:
- Technology Progress: New smartphones arrive with the newest technology, like better cameras, quicker processors and more secure features. With every new phone, older models become less interesting for buyers, which causes their resale value to fall.
- Market Crowding: When new models arrive, older phones flood resale sites as users hurry to get the latest ones. This large supply reduces the value of older devices since buyers have more options and often prefer the latest models.
- Demand Changes: New models also shift what buyers want. Most individuals seek the newest gadgets, so the resale interest in older models drops even more, decreasing their prices further.
- Brand-Specific Depreciation: Some brands experience faster depreciation than others. For instance, iPhones often retain value better than other brands. However, even an iPhone’s value drops once a new model is announced, impacting the new vs old phone resale value for previous generations.
The Optimal Time to Sell Your Old Device
To get good money for your old phone, timing matters a lot. Here are a few tips:
- Before a New Model Launches: The right time to sell is before a new model comes out. During this period, people still want old phones and prices stay good.
- After Big Events: Many appreciate new devices right after a launch. Listing your old phone then might attract those ready to pay well.
- Month-by-Month Value Drop: Every month, phones lose value quickly. Phones usually drop about 30% in value in the first year. Waiting too long to trade might lower the price you get.
Also Read: Samsung Galaxy S22 Series, Everything You Need To Know About it
Cashify: The Solution to Maximize Your Phone’s Resale Value
If you desire to trade your old phone and seek the greatest deal, Cashify offers a simple and good choice:
- Quick Pricing: Cashify gives a fast estimate based on your device’s state and how popular it is, offering you a fair price without any argument.
- Easy and Reliable: Cashify keeps the whole process simple and trustworthy. Its team comes to your home to pick up your phone and pay instantly, making the sale of your phone smooth.
- Eco-Friendly Choice: Besides being simple, Cashify ensures your device is either fixed or correctly recycled, decreasing electronic waste and its effect on the planet. Thus, selling with Cashify supports sustainability.
How to Get the Best Price for Your Device on Cashify
Improving your phone’s resale value on Cashify becomes easier with some helpful tips:
- Clean Up Your Device: Clean your phone and reset settings to erase private data. A tidy device seems more attractive and might invite a better deal.
- Accessories Raise Value: If you possess the original charger, box and extras, include them. Many people appreciate these additions, which could really increase the old phone’s value.
- Timing Matters: Sell your used phone while the market still competes for your model. Before fresh model releases are best, especially if aiming to raise the resale value on Cashify.
Final Thoughts: New vs old phone resale value
With every new phone release, the price of older models falls a lot. Moving quickly is important if you wish to get the highest amount for your old phone. Cashify offers a fast, simple and eco-friendly way to sell your phone, letting you upgrade without worry. Look at Cashify now and discover what your phone is worth – it could be a great time to change!
Also Read: 5 Quick Tips for Selling Your Old Chromebook In Minutes
If you’ve just bought a new phone and don’t know what to do with your old phone, then here’s your answer. Sell old mobile to Cashify and get the best price for it. If you are planning to buy a new phone, check out Cashify’s refurbished mobile phones. You can get your favourite phone at almost half price with six-month warranty, 15 days refund and free delivery.
