But before you dream about these two coveted pieces, you need to sell off your existing one. But the million-dollar question is: where to sell old iPhone and get the best trade-in value?
Where to Sell Old iPhone/iPad
#1. Apple's Recycling
Apple's own recycling program might fit if you're looking to purchase things from Apple's store. This is because when you trade-in your old iPhone, Apple pays you back in Apple Store gift card credit.
The best price you can get for an iPhone 5, 16GB is about $225. If your iPhone 5 contract is about to end, this could be a viable option.
Apple's recycling, at the time of writing this, doesn't figure an iPhone 5s trade-in option.
#2. Amazon Trade-in
Amazon’s Trade-in is as much like Apple's. You don’t get cash but you get Amazon gift card that can be used on the online store. For what it’s worth, Amazon’s trade-in offers as much as $250 (or more) for an iPhone 5 (16GB) unlocked. While this is not exactly one of the best (because you don’t get cash), this is one of the highest values we’ve seen in the market.
You will also be able to get as much as $400 for an iPhone 5s (64GB).
Gazelle is one of hte more popular options for people looking to get cash for their old iPhones. Gazelle is probably one of the very few trade-ins with high value offers for your old iPhones.
A regular 16GB iPhone 5 (black/grey) in good condition can fetch you as much as $170, according to the website. And yes, you get paid in cash as per your choice of payment method.
Usell is more of a portal that lists possible sellers who’re willing to trade-in your iPhone for – cash! Unlike Gazelle or NextWorth, Usell only lists buyers who are ready to buy your old iPhone and pay you in cash. Think of it like a marketplace of old iPhone traders.
I tested it out. An iPhone 5 (16GB) would fetch me about $190 depending on the buyer. And you have various buyers listed out there with ratings too so you can pick your choice after due vetting.
GameStop is another place where you can get cash for trading your old iPhone. You can also get in-store credit if you plan to purchase things on GameStop. If you’re a gamer looking for new stuff (in exchange for your old iPhone, of course), this is the best place to be.
GameStop will offer up to $167 for your old iPhone 5 (16GB). That’s in cash. If you plan to get an in-store credit, the value shoots up to $209.
Although I wasn’t able to confirm how much exactly you get for trading in an old iPhone 5, NextWorth offers cash in exchange for your iPhone. You might want to check it out too as next to Gazelle, NextWorth offers good values for old iPhones, according to the reviews I’ve seen so far.
T-Mobile, like Sprint, is offering discounts on new iPhone purchases when you trade-in your old iPhone. The discounts aren't that exciting but it definitely is a great way to get a T-Mobile iPhone 6. But that's not why I’m mentioning about T-Mobile's trade-in here.
The real reason is that if you show T-Mobile that someone else is offering a better trade-in value, T-Mobile will beat that price and top it up with $50-credit on your monthly bill.
T-Mobile won't be handing out cash. The trade-in value is applied as a discount for your purchase.
Do you like to earn a bit more than your carrier or Apple is offering on iPhone trade-in? Gazelle is where your search ends. Under a promotional event starting today, Gazelle promises to beat highest trade-in value (by $1 at least) offered by your carrier and Apple. The offer is applicable to iPhone 5, iPhone 6 and iPhone 6 Plus. However, the offer is applicable for AT&T, Verizon, T-Mobile or Sprint. The offer ends on September 9, 2015.
This is of course just a small list. We’ve covered Flipsy earlier. That's a great place to search for trade-in options too. It works like Usell.
You could of course sell your iPhone directly on eBay or Craigslist.
Most importantly, here's a list of things you should do before selling your iPhone.