(Page 2 of 2)
If you're focusing on just getting the best price, The Associated Press found that redemption values varied, based on a spot check of trade-in programs for Apple iPhone 4S 32GB with AT&T service.
During a check this week, Gazelle was offering $205 in cash for a flawless version, and $195 for one in good condition. At Amazon, com, the gadget commanded $205 in "like new" condition and $187.75 in "good" condition.
"Good" condition generally means the gadget works but may have limited signs of wear, like a small scratch.
Sometimes companies will offer other perks. Best Buy, for example, was giving out $50 gift cards with a trade-in and upgrade.
- CASH OR CREDIT? Pavini says it's often better to take store credit than cash because you will probably get more. In general, iPhones hold their value more than Android phones.
Wal-Mart launched a smartphone trade program where you will receive a credit from $50 to $300 when you trade in your working, undamaged phone. That's considered a good offer. But the credit must be used toward the purchase of a new phone, with a selection of more than 100 devices to choose from. And the trade-in has to be done at the same time you buy the new phone.
-PAYING FOR EASE: Convenience also may trump deals.
Cullen McClure, global information services manager at Kurt Salmon, says that when convenience is high, you may not get the best price.
Among the most convenient options are trade-in kiosks at malls. San Diego-based ecoATM has been rapidly expanding at hundreds of malls. The machine scans the device and dole out cash on the spot.
© 2013 Associated Press/AP Online under contract with YellowBrix. All rights reserved.