How To Get A Ton Of Cash For Your Old iPhone Before Upgrading To The iPhone 5

Steve Jobs iPhone mockup

Photo: Photo illustration: Business Insider. iPhone photo: Gizmodo.

If the iPhone 5 is going to look as sweet as everyone says it will, then you’ll probably want to trade in your old model.While there are plenty of sites that will quickly snap up your iPhone, you’ll still want to do some hunting to make sure you’re getting the most cash possible.

Keep reading for our tips on how to score the most money for your old iPhone.

The easy way: Gazelle

Gazelle, an online gadget reseller, is perhaps the easiest way to offload your old iPhone. You won't get the best price, but it's good if you're in a rush.

Here's how it works: Select your iPhone model, tell Gazelle the condition it's in, and get your quote. Gazelle then ships you a box to send them your phone. They'll inspect it, make sure everything is cool, and mail you a check or deposit the cash into your PayPal account.

Note: You're not guaranteed to get the quoted price. You'll get your final offer after Gazelle inspects your device.

Yes, eBay is still around

eBay also makes it pretty easy to sell your old iPhone. Plus you're not locked into the price they quote you, so there's always room to negotiate with your buyers.

The downside: everyone and their mother is selling their old iPhone right now. Yours could get lost in the mix.

Some other quick resellers to check out

All of these have a similar buy back process as Gazelle. Check them out and see which one works best for you:

  • Buy My Tronics
  • Next Worth
  • Tech Twurl

uSell searchers several reseller sites at once

Think of uSell as the Priceline for gadget resellers. The site searches offers from Gazelle, YouRenew, CellItUsed, and more and displays them in one place.

Again, if you're looking for a quick way to get rid of your iPhone, uSell is a great option. Just know you're probably not getting the best price possible.

Want to make the most cash? Use Craigslist

We can tell you from experience that Craigslist is the best way to get the most money for your iPhone -- in cold, hard cash.

Independent resellers, hackers, and geeks will take pretty much any iPhone in any condition, fix it up, and sell it overseas for a hefty profit.

True story: We sold an iPhone 3GS with a cracked screen for $250 last year.

But if you want to make the most cash, you have to be careful. First: Take care of your iPhone

If you're going to sell on Gazelle or one of the other sites, your iPhone needs to be in nearly perfect condition. They'll use any excuse to knock a few bucks off what they pay you, so be careful.

Make sure you find a good case and keep your phone scratch-free by storing it in its own pocket or pouch in your purse.

When selling on Craigslist, wait for multiple offers

Craigslist trolls go nuts for used iPhones. You're going to get a lot of inquiries. Wait for them to flood in, then respond to the people who are willing to negotiate.

Take advantage of the product release cycle

With the notable exception of this year, Apple releases a new iPhone every 12 months or so. As soon as the new iPhone is announced, your old one loses value. If you can sell ahead of the new iPhone announcement, then do it.

Don't get scammed: Always deal in cash

If you sell on Craigslist, you'll likely get offers for your iPhone via check, wire, whatever. Don't believe it. Only deal in cash. You can't argue with it.

Also, make sure you meet the buyer in person and in a public place like a coffee shop. You never know what kind of weirdos are lurking out there.

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