Sell my iPhone

Nur2652

Member
Bronze
Aug 1, 2010
114
0
16
#1
I want to leave iPhone and get an htc evo 4, I have an iPhone 4 16gb 4.0 server. Mint not s scratch on it. Been in an otterbox defender, I've heard of phones selling for hundreds over store cost. 1, how is that possible and 2, what and where is best place to get most money for phone. Comes with box,charger, and otterbox defender case. Thanks.
 

jcmitchell5

Contributor
Silver
Feb 19, 2010
602
57
28
Arkansas
#3
I sold mine on craigslist. The reason you can sell them for so much more is because some people don't have an available upgrade so they buy them from someone else instead of paying the more expensive outright cost through AT&T or Apple. I posted my 3GS on craigslist one morning for 350 and had it sold by the next day. Just find out how much you want for it and let people know on here or on craigslist and it will sell quick.
 

Europa

Moderator
Senior Moderator
Dec 12, 2008
28,365
5,506
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Utah
#4
The reason you can sell it for more than you paid for it is that you didn't pay the actual value when you bought it. You paid $200, if you were eligible for full subsidization through AT&T, but the actual value was $600 at that time. AT&T can sell them for much less than the actual value because they recoup their initial loss through your monthly bill over your 2 year contract period. If you do not finish your contract, you will need to pay the ETF (early termination fee). It starts out at $325, but it is prorated and decreases by $10 per month for each month of the contract you have fulfilled.

The reason the buyer is willing to pay actual value is that they aren't locking themselves into a contract. Many of the sales in the US are to people that are on T-Mobile. T-Mobile doesn't sell iPhones, but they can be used on their network if the iPhone has been software unlocked or is factory unlocked.

You'll still make a profit by selling it right now. Your ETF will probably be less than $300, but you should easily be able to sell it for more than that on eBay.
 

neochuck

New Member
Bronze
Dec 11, 2010
321
1
0
Chiconcuac, Morelos, Mexico
#5
The reason you can sell it for more than you paid for it is that you didn't pay the actual value when you bought it. You paid $200, if you were eligible for full subsidization through AT&T, but the actual value was $600 at that time. AT&T can sell them for much less than the actual value because they recoup their initial loss through your monthly bill over your 2 year contract period. If you do not finish your contract, you will need to pay the ETF (early termination fee). It starts out at $325, but it is prorated and decreases by $10 per month for each month of the contract you have fulfilled.

The reason the buyer is willing to pay actual value is that they aren't locking themselves into a contract. Many of the sales in the US are to people that are on T-Mobile. T-Mobile doesn't sell iPhones, but they can be used on their network if the iPhone has been software unlocked or is factory unlocked.

You'll still make a profit by selling it right now. Your ETF will probably be less than $300, but you should easily be able to sell it for more than that on eBay.
Thank you for that useful post!
 

Nur2652

Member
Bronze
Aug 1, 2010
114
0
16
#11
Had a few questions, I don't want to mislead anyone. I'm planning on selling my 4 to upgrade, here's my question when I got the phone I put a case same day and got the otterbox defender the day it came out. The phone doesn't even have a single scratch on it, I'm thinking reset to factory settings and put back in box with book, cables etc. Now my main ? Is how to advertise it. Do I say used iPhone 4 16gb, do I say new? Do I say reset to factory settings, you guys see where I'm going with this, again I don't want to mislead anyone. Also it's having the issue sometimes with the home button that others are also having. Thanks for responses.
 

btitus

Contributor
Silver
Apr 7, 2009
501
26
28
North Carolina
#12
It's obviously used so I wouldn't imagine that you could HONESTLY sell it as new. Like New would probably be a more accurate description. The issues with the home button should definitely be mentioned as well in the spirit of not wanting to mislead anyone.... Including the Otterbox case would be a good selling point as well. Just my 2cents...
 

bballrob

Genius
Gold
Oct 11, 2009
1,921
476
83
Alaska
#13
If it is still under warranty, call Apple about the home button issue. They will make you jump through a hoop or 2 and then exchange it for you. Then sell the replacement as new in box.