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Cash For Clunkers…And iPhones

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By: Bill Armstrong (Contributing Editor)

It happens to just about everyone. You finally get the cool new gadget you have been saving up for, and before you even learned all the features, a brand new model comes out that is even better. If you are among the fiscally fortunate, you just toss your toy aside and buy the new one. But if you are like the rest of us, you need to find other options. This is especially true now, with the brand spanking new iPhone 4 just days away.  

If you purchased your iPhone 3Gs after May 7th of this year, AT&T is taking pity on you and offering a courtesy trade in and upgrade. You will get a partial credit of $50 or $100, depending on which model you purchased, towards an upgrade to the new iPhone 4. A generous offer, worth looking in to if you bought your new iPhone within the allotted time. However, for the millions of us that bought their iPhone prior to May 7th, there is a different option: trade ins.  

Video game and movie stores have done this for years, so why not electronics? All over the country, businesses are popping up offering cash for your used electronics. Not a bad idea, considering there is always someone willing to pay less for a used or refurbished device. Some popular retail locations like Radio Shack offer a gadget trade in program, but it is in exchange for store credit. Many on line gadget trade in services are offering cold hard cash for your gently used devices. 

iPhones are a hot item on the trade in list. Some websites , like Cell for Cash, offer upwards of $300 dollars for some models. Of course, the amount of money you get will depend on a few factors, regardless of where you try to trade it in. These factors include, age, model, condition, and accessories. And in case you were wondering, your gadget WILL be inspected quite thoroughly before they cut you a check. The whole process can take a couple of weeks, but the reward can be worth it., especially for those of us that just can’t wait for our upgrade dates.  A list of some of the more popular trade in sites is listed below.

BuyMyTronics.com — www.buymytronics.com

EcoNew.com — www.econewonline.com

.com — http://myboneyard.com

Consumer Electronics Recycling — www.cerecycle.com

YouRenew.com — www.yourenew.com

.com — http://nextworth.com

.com — www.gazelle.com

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  • Armando Holguin

    With the speed that technology travels, reselling old/used electronics will die as fast as the iPhone 3. It's a great idea for those who are willing to sacrifice their old technology for new technology discounts/credits. I really think that the resale of used or refurbished electronics will be a hit and miss just like those who have entered the gaming industry's buy/trade/sell concept. It'll really be a race to the top – with the one at the top prevailing!

    I'm all for recycling and getting money back while doing it! After all, that was some hard earned money that was put into the electronic device that I am getting rid of, so why not get at least 10% of what I put into it?

  • Paul33

    I got a great price when I sold my iPhone 3G at http://www.selliphoneforcash.com