Why do iPhones hold their value better?
Several factors contribute: longer software support (5-6 years vs 2-3 for most Android), consistent demand in the used market, Apple's robust trade-in program, and limited model fragmentation. A 3-year-old iPhone often runs the latest iOS, while many Android phones lose updates after 2-3 years.
When is the best time to sell my phone?
The best time is 1-2 months before the successor launches. For iPhones, that's July-August (before September launch). For Samsung Galaxy S series, that's December-January. Waiting until after the new model is announced typically costs you 10-15% of the trade-in value.
Should I trade in or sell privately?
Trade-in is convenient but typically offers 15-25% less than private sale. Private sale (Swappa, eBay, Facebook Marketplace) gets more money but requires effort and carries scam risk. For phones worth $300+, private sale often justifies the hassle. For older phones, trade-in convenience wins.
How much does phone condition affect value?
Condition can swing value by 40-50%. A cracked screen typically reduces value by 50-70%. Cosmetic scratches cost 10-25%. Battery health below 80% can drop value by 15-30%. Keeping a case and screen protector on your phone literally pays for itself at trade-in time.
Do carrier-locked phones have lower value?
Yes, unlocked phones command a 5-15% premium in the used market. They appeal to more buyers and work internationally. If your phone is paid off, request an unlock from your carrier before selling—it's free and increases resale value.
Why do foldables depreciate faster?
Foldable phones like the Galaxy Z Fold and Flip depreciate 10-15% faster than traditional flagships due to durability concerns, higher repair costs, and rapid year-over-year improvements in the technology. The used market is more cautious about potential hinge or screen issues.