Monday, 21 January 2013

How to get cash for old mobiles

Many of us simply forget about old phones - but in the smartphone era, that's a huge mistake.

Working smartphones such as iPhones or Samsung's Galaxy handsets can be worth hundreds of pounds and even broken phones aren’t worthless.

Start by performing a simple Yahoo Shopping search to find out how much your phone is worth new - you won't get the full value, but if you follow our steps, you can get a significant chunk of it.  Check out specialist phone shops such as Expansys, PAYG pricing from networks and Phone Comparison tools.

Once you know how much your phone is selling for, work out where best to sell it - whether via eBay, specialist shops, or companies who specialise in recycling damaged handsets.

Read on for our step-by-step guide to selling phones - and the pitfalls to avoid to ensure you get good value for yours.

Where to sell your phone

There are multiple options for selling working phones -  a dedicated recycling company such as fonebank, network buy back/recycling service like Vodafone Buyback, second-hand shop like Computer Exchange (CEX) or auction website eBay.

Phone recycling is big business, with dedicated recycling companies, networks and supermarkets getting involved. Phones are often sent to the developing world, refurbished and resold or recycled. Get a quote online and send your phone off, where it is checked and money is sent via cheque or bank transfer. Don’t automatically select the company that offers the most money though - shop around and read customer testimonies.  

If you prefer the high street Computer Exchange (CEX) has stores up and down the UK, offering cash or credit and you don’t have to wait to find out how much your phone is worth.

We’ve picked three popular phones are compared the prices at several places.

Computer Exchange offers the most money for the Apple iPhone 4S (16GB) at £243 (£303 exchange). Vodafone Buyback offers £201 (cash) or £233 (vouchers),  Carphone Warehouse Trade in £209, O2 Recycle £230 or £248 (Amazon gift certificate) and fonebank £231.

Prices for the Samsung Galaxy S2 are more consistent. Vodafone Buyback offers £133 (cash) or £154 (vouchers), Carphone Warehouse Trade in £129, O2 £130 (cash), £140 (Amazon gift certificate), Computer Exchange £130 (£173 exchange) and fonebank £120 (cash).

Prices for the HTC Wildfire S vary. Computer Exchange offers £35 (£46 exchange).  fonebank £25, O2 £27.55 (cash) and £29.75 (Amazon gift certificate), Carphone Warehouse Trade in £19.09 and Vodafone Buyback £19 (cash) or £20/£22 (vouchers).*

Bear in mind, depending on the condition of your phone, you may not get the full amount quoted - especially if there is any sort of screen damage.  Each company sets out its criteria online - check out Vodafone’s here or CEX’s here.

What to do with damaged phones

However if your phone has surface wear and tear, don’t throw it away, dedicated recycling companieswill pay for damaged phones.

A damaged Apple iPhone 4S (16GB) is worth £85 from fonebank, £90 or £99 (voucher) from Mazuma Mobile. The Samsung Galaxy S2 will net you £60 from fonebank, or £53 or £58 (voucher) from Mazuma Mobile and the HTC Wildfire S is worth £10 from fonebank or £11 or £12 (voucher) from Mazuma Mobile.

eBay’s auction format means you could get more money for your phone. Buying through eBay is more time consuming though - you’ve got to take photographs, prepare a description and post it. Although the majority of transactions are smooth, there’s a small chance someone unscrupulous could claim the phone is not working and want a refund. So make sure the description is accurate - even down the tiniest scratch - it will help your case in case of dispute.

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