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Free iPhone 5 By Trading Your iPhone 4S for $200 at Best Buy, Worth it?

August 27, 2013 By Troy Rubenson Leave a Comment

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Do you own iPhone 4S? If yes, you stand a chance to getthe new iPhone 5S for free with the $200 trade-in offer at BestBuy. The offer allows users with working iPhone 4S units to get the iPhone 5 for 200USD. And those users that own iPhone 4 units in working condition can get the iPhone 5 for 100USD trade-in.

The move by Apple seems to a good attempt by the company to offset the sales of iPhone 5. Usually, Best Buy offers the iPhone 4S for 150USD but it is adding 50USD from this Sunday. So, you can walk-in with an older iPhone and walk out with the swanky new iPhone 5.

iPhone 5

You need to be aware of the fact that iPhone 5 16GB edition is being offered for 199USD by Best Buy and it is the same price at which Apple is selling the iPhone 5 with 16GB storage. However, other online stores are selling the same version of iPhone at much cheaper price. If you look at Walmart, the phone can be availed for only 129USD. The same phone can be purchased at 149USD. These phones are available on two-year contract with popular cellular service providers from the US.

The trade-in offers may seem tempting but those customers that can keep patience will be able to benefit from it. The deal surely appears tempting for those who do not wish to sell out much money. They may feel the if they wait for the new iPhones to release next month, they will end up losing out on the trade-in deals. Also, the trade-in deals that will come out later will not fetch much money like today.

Those who wait for the iPhone 5C may get the phone at much cheaper price with more or less similar specs as Apple iPhone 5. Those who wait for the iPhone 5C may only have to spend few dollars more to get a swanky new phone. It will not only sport similar specs as iPhone 5 but also it will come with colorful plastic covers which will be quite refreshing than the usual black or white iPhone model.

If you go for the deal, you will get an iPhone that will soon become previous year’s iPhone model. Apple products have always been known for fetching good resale value but still getting previous year’s iPhone will not fetch much money if you go for reselling your iPhone after one or two years from now and also if you want to trade-in for newer iPhone.

We feel that if you can keep your patience and wait for the new iPhone 5S and iPhone 5C to arrive, you will benefit more than the current trade-in offer. Even when the new iPhones are launched, Apple will still continue to offer the iPhone 5 but that too at a lower price than the current cost. You may get it for 99USD on a two year contract.

Also, the lower budget iPhone 5C will also be good option if you can spend slightly more than what you would be spending on the current iPhone trade-in deal. We feel the device will be available at an attractive price. It will sport a 4inch Retina display and a powerful CPU. Yu can also consider about directly selling your iPhone 4 or iPhone 4S for 200USD without a trade-in and the money that you get from selling it can be used for purchasing iPhone 5C and by spending a few hundred dollars more, you can get it without signing up a contract.

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Filed Under: Technology Tagged With: Best Buy, iPhone 4, iPhone 4S, iPhone 5, iPhone 5C, iPhone 5S, trade-in

About Troy Rubenson

Troy had initially wished to become a Wall Street which and it was this passion that pushed him towards learning more and more about investments, capital markets and financial gain. He is currently The States Chronicle’s foremost business correspondent.

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