From Engadget · Jack Peachey · · 1m 30s
Trade-in vs selling: Which is the better option for your old phone?
Your old phone has value, but how you offload it determines whether you pocket cash or convenience.
In brief
Your old phone has value, but how you offload it determines whether you pocket cash or convenience. Trade-ins offer speed and simplicity but pay significantly less; selling yourself requires more work but nets substantially higher returns. Originally reported by Engadget.
Your old phone still has value
When you upgrade to a new phone, your old device doesn't have to become e-waste. You can sell or trade it for cash or credit instead of throwing it away.
Trade-ins are quick but cheap

Best Buy, GameStop, Apple, and Samsung all accept trade-ins for store credit or cash. It's hassle-free, but you'll get far less than selling privately. An iPhone 17 worth $899 might only fetch $585 at Apple.
“you make much less money trading-in compared to selling yourself, as the cost of convenience comes out of the value you get back”
Why trade-ins feel safe
You avoid scams, payment disputes, and the work of photographing, listing, and fielding inquiries. No one runs off without paying, and the transaction completes instantly.
Selling yourself pays much more

eBay and Facebook Marketplace let you set your own price and reach more buyers. You'll earn significantly more, and can even sell phones with minor damage that retailers won't accept.
Private sales demand preparation
You'll need accurate specs, good photos, and the right keywords to attract buyers. Consider getting a professional evaluation first. You'll also spend time answering questions and arranging payment.
Prepare your phone either way
Before trading in or selling, back up your data, log out of all accounts, and factory reset the phone. This protects your privacy and makes the device more attractive to buyers.
The essence
Trade-ins offer speed and simplicity but pay significantly less; selling yourself requires more work but nets substantially higher returns.

