Trade-in: The Ultimate guide to maximize your used phone’s trade-in value!

Trade in

Here we present a guide that offers all the tips and tricks to get the maximum trade-in value out of your used phone.

The following guide will help you to maximize the trade-in value of the phone you have used.

Five Main Points: An ultimate guide to maximize your used phone’s trade-in value.

  • NEVER ever throw away anything that comes with the new phone.

Always keep all your accessories even if you have no use for it!

  • Use the correct tempered glass and phone cover to protect your device.

Use full-cover tempered glass and silicone covers. Your Gorilla-screen is not scratch-proof, so that your phone’s screen is safe and secured.

  • Keep track of your used phone’s warranty period.

A phone with valid warranty is worth a lot more and you should always keep it.

  • Sell your phone before your competitors do.

Sell your phone ASAP, before your competitors flood the market with the same phone model.

  • Compare vigorously to sell your phone at the maximum trade-in value.

Compare using Google search engine, call to inquire fully, and you can even sell on Carousell platform if you have time.

  1. Singapore’s trade-in rates in the world
  2. Is it safe to trade in my used phone to neighborhood mobile phone shops?
  3. What are the Benefits of phone trade-in to resellers like BreakFixNow?

  4. Secret money-saving tips to maximize your used phone value
  5. Five points that can help to maximize your used phone’s value

  6. Conclusion ~ WhyBreakFixNow?

Introduction

The guide aims at providing you all the information regarding how you can maximize your used phone’s trade-in value. While new smartphones being introduced every year, there are many who trade in their used phone. Trade-in of used phones is trending in Singapore because of the discounted bundle prices at telcos such as Singtel, Starhub, and M1. These telco plans typically come with a 2-year contract. We’ll also discuss how your iPhone values evolve over time and the benefits and drawbacks of each kind of potential buyer.

What is mobile trade-in?

Singapore’s trade-in rates in the world

Singapore has one of the highest trade-in rates in the world. According to the reports released in April 2018, the global average is only 12%. Singapore’s second hand market selling smartphones is one of the liveliest used-phone market in the world, with 25% of all smartphones sold in the market.

(Source)

Is it safe to trade in my used phone to neighborhood mobile phone shops?

YES, of course! Contrary to widespread myths, trade-in used phones at handphone shops is a widespread practice. Everyone does it, and at BreakFixNow, we provide a fuss-free experience for everyone. And, it is very much safe to trade-in your used phone to the neighboring mobile phone shops. Everyone does that, and at BreakFixNow, we provide a fuss-free experience for everyone.

What are the Benefits of phone trade-in to resellers like BreakFixNow?

  1. No Privacy Issue.
  2. No need to assume responsibility after the deal.
  3. Receive cash on the spot.
  4. You can even trade in your broken phones.

Secret money-saving tips to maximize your used phone value

Is it worth to trade-in your used phone for an upgrade? Definitely! You just have to follow these secret money-saving tips, and you will find yourself paying little to no money for your next upgrade.

Disclaimer: The “free” upgrade refers to re-contracting your telco plan.

READ: Miscellaneous: How to get best value when trading in NEW phones?

FIVE POINTS THAT CAN HELP TO MAXIMIZE YOUR USED PHONE’S TRADE-IN VALUE

  1. Never throw away anything that comes with the new phone

People often do not keep the accessories that they get with their new phones. This is because most people are not aware that the things that you get with a new phone are very important for maximizing your phone’s trade-in value. For example, carriers will prefer to have your original charger but may not care about the box when you trade in a phone. Because every accessory that comes with your phone count. Retailers deduct a chunk off the trade-in value if there are missing items, and that will ultimately affect your phone’s trade-in value.

Though it totally depends on the buyer how much amount will be deducted for your missing items, but as a guideline, it varies from $5-$20 per missing item. Hence, it is wise to always safe-keep the box and all of its contents to ensure a maximum trade-in value of your used phone.

Trade in

  1. Keep your phone protected by using the correct tempered glass and phone cover –

Tempered glass

The physical condition of your phone matters the most, it has the biggest impact on its trade-in value. A little scratch on your phone can also reduce your phone’s trade-in value very badly. Therefore, it is very important to keep your phone’s physical condition safe and protected from all kinds of shocks, bumps and external forces that can result in breaking of your phone. For protecting your phone and keeping in the best possible state, it is very important for you to use the best protective products for your phone.

  • You can use Gorilla-glass phone screen to protect your phone from scratches, but the gorilla glass only protects the screen of your phone from scratches for about 3 months only and after that, it does not provide much protection.
  • You can also use better-grade tempered glass for providing better protection to you phone. Hence, the wise choice is to buy a “full-cover” tempered glass. This full-cover tempered glass covers the whole screen including the edges, which basic protectors don’t. It may cost a little more price than others, but it is worth buying.
  • Use full-cover silicone phone casings. Also, silicone casings (also known as TPU, or soft covers) which cover all sides of your phone is recommended. A silicone casing does not leave physical marks on your phone, and thus, your phone looks the same as new for a much longer period of time.
  1. Keep track of your used phone’s warranty period.

A device under warranty will have a higher trade-in value. It offers the next user a peace of mind in case of defects. Hence, tracking the warranty period will help. Thus, it becomes very important for you to keep the track of your used phone’s warranty period, if you want to maximize your used phone’s trade-in value.

  1. Sell your phone before your competitors do so.

Selling your phone before the next generation is launched can let you have high value for your phone. Because then, people will be interested in the product more and thus will buy it at the most reason able cost. Also, you must try to sell the phone when the phone is under warranty as it helps in maximizing the value of the phone. We advise doing the buying and selling ASAP. This helps you sell off your phone before your competitors. Remember, you are not the only one upgrading to the latest iPhone, Huawei or Samsung phone. The longer you delay, the more competitors you have. It will become a rat’s race to sell your phone, due to the abundance of alternatives.

  1. Compare vigorously to sell your phone at the maximum trade-in value.

Firstly you should do market research and gather a list of shops and contact them first. If you have any doubts, make sure to ask. Most shops welcome such inquiries. And then understand how each shop assess your phone, working hard to inquire with multiple shops will help you to understand better, giving you a clear idea of the maximum trade-in value for your used phone. As a consumer, it is important to ask carefully about the terms and conditions to prevent misunderstandings. You can also find a reputable store to trade-in your used phone that will be a great option for you to get a genuine amount or value for your used phone.

Conclusion ~ WhyBreakFixNow?

At BreakFixNow, we are accredited by CaseTrust. We provide transparent pricing tables with clear terms and conditions to tell you how much your phone is worth. Click here for more information on BreakFixNow’s trade-in prices.

If you want to sell your phone by your own, the best platform for you would be https://sg.carousell.com/Carousell App. You can use the app for selling your phone by yourself.

However, we recommend selling on Carousell only if you have experience, or you are at least prepared to be patient. On top of that, your phone should be in mint condition without any defects. Otherwise, you will have a hard time selling your phone. It is better to sell your phone to shops for instant cash. You can find tips on pro Carouselling here.

Some tips to get maximum trade-in value for NEW phones.

  • Compare contract price and trade-in price.

When telcos introduce flagship phones, outdated models tend to plummet in price. To get the maximum trade-in value, must compare the price of re-contracting versus the buy-back value of all phone models. By doing so, you will get a better idea of pricing of the phones.

  • Do not “monkey-see, monkey-do”

It is not always true to choose the latest smartphone such as the iPhone XS Max. Depending on market demand, sometimes it’s better to get older models such as Samsung Note 9, over the newer models such as Huawei Mate 20 Pro or the iPhone XS Max.

To compare prices, head over to our trade-in page here and the re-contract price of the 3 major telcos ~ Singtel, Starhub, M1.

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