As of the moment I’m writing this, your 16GB iPhone 4S is worth $277

This week, Apple will unveil the highly anticipated iPhone 5, and I know many of you are planning to pick one up as soon as they’re available—despite the fact that it’s a terrible financial decision.  A few of you are probably also aware that your older iPhone still has value, and you actually get quite a bit of money for it.

Right now, your iPhone 3Gs, 4, or 4s is more valuable than it will ever be again.  As soon as the new model is revealed, people will flood sites like Gazelle.com to sell their old devices.  When that happens, the value of your old phone starts to plummet.

But, you don’t want to sell your old phone before you get the new phone, so what can you do?

The answer is: get a quote for your phone now, but don’t sell it just yet.

It’s a little known fact that Gazelle will give you a quote that is good for 30 days.  This is significant because it means you can lock in the higher price that is being offered today, but you don’t have to send off your old phone just yet.  Apple typically starts shipping the new phone a couple of weeks after they announce it, so you’ll have plenty of time to make sure you’re never without a phone.

Don’t wait until after the announcement to lock in your quote. Do it now, and then brag to your friends about how smart you are.

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    GETTIN IT
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  14. gentspiration reblogged this from moneyisnotimportant and added:
    As of the moment I’m writing this, your 16GB iPhone 4S is worth $277
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  18. kiplinger reblogged this from moneyisnotimportant and added:
    Whoa — smart. Your friendly curator is planning to hang on to her 4S (real talk: do you REALLY need the latest model if...
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