With the world of cell phones evolving continuously, we all want to have the latest phone that arrives in the market. However, once you decide to buy a new phone, the question is what you will do with your old phone. Selling it would be a great option. You might think what price you would get by selling your old phone.
You might get a good price for a high-end cell phone or a recent flagship. However, if you have an old phone, it’s difficult to get a satisfactory price for it. To get the maximum price for your old phone, you need to know the factors that impact the worth of your phone.
Following are the factors influencing the price you would get for your old phone:
Your cell phone’s age is something that is noticed by everyone. People don’t like buying old and outdated phones. In general, the value of a phone reduces to half within the first year only. If you purchase a phone at a cost of 30K at present, you might not be able to sell it for greater than the price of 15K next year. However, this may not apply to all brands and handsets.
2. Physical Factors
The physical factors include faulty components in the phone, such as damaged volume buttons or an SD card slot that doesn’t function. A battery that overheats is also a problem. If a phone has a battery life that’s lower than average, it’s likely to sell for a rate that’s lower than expected. Several of such factors influence your old phone’s price tag. Such physical attributes impact a phone’s price significantly. A defect in the phone can single handedly reduce the resale price by a substantial amount. In case you want to sell a defective old phone, avoid negotiating too hard.
Damage in phones can be classified into several major or minor types, either functional or aesthetic. Yes, there are many recommerce companies buying old phones that are so damaged that they cannot be even switched on. Nevertheless, they don’t sell such phones for a good price. However, minor damages, such as wearing of paint or discoloration, small scratches on phone’s surface or screen, or minor dents do not hold much significance. But in case the damage is anything major, it is better not to expect any impressive resell value.
In order to sell your old phone at the best possible rate, you need to sell it smartly. Knowing the factors that influence the resale price of your phone will help you take a smart approach while selling your phone. Apart from that, being aware of websites and platforms that are great for selling old and used items would be quite helpful for you. Renting Street is one such website where you can sell your old phone and expect a good deal.