In the past few years, Canada has witnessed an increase in smartphone upgrades. It is because customers are switching devices more frequently than before. Hence, one of the most common sights in Canadian households is the old phones that get stacked in drawers. If you do the same, there is another option for you. Instead of letting your old phone get damaged over time, you can resell it and get instant cash. Here it is necessary to understand the factors that impact the resale value of a phone and enable sellers make better decisions and increase returns.
In an expanding resale market, to sell used phones Canada is a common search term for people who wish to convert old mobile devices into fast payouts. But not all phones get valued in the same way. Several cosmetic, technical, and market-driven factors determine the amount of cash an old, used phone can derive.
- The model demand and brand
One of the most essential things influencing the resale value of a phone is its manufacturer and its model. Premium brands with regular demand usually last longer in the pricing scale than low-end models. Flagship releases or newer models generally attract higher prices owing to their updated features, better performance, and more extended software support. The devices which are still compatible with the current operating systems become more attractive to buyers in the resale market.
- Cosmetic wear and tear, and the physical condition
Condition is a major factor in selling used phones. The devices that are totally free of cracks, dents, and water damage are priced a lot higher compared to the ones that have visible wear and tear. Even minimal cosmetic problems, such as a scratched screen or frame, can affect the price. Phones that turn on without any issue, have sensitive touchscreens, and show very light signs of use are usually put in the highest condition grades.
- Hardware condition and storage health
The size of the storage plays a significant role in the phone’s resale value, and this influence will continue to grow as the installation of new apps and taking more photos increases. System updates all increase demand for storage space. iPhones with larger internal storage are generally offered at higher prices. Battery health is also a very important factor in this process. A phone that has excellent battery life and does not demand immediate battery replacement is much more appealing to both buyers and resellers.
- Importance of the old phone selling platform
The selection of a resale platform also significantly affects the ease of the process. Transparent pricing, unambiguous condition guidelines, and secure data handling are the key factors that decide when to sell phone Canada for safe transactions. Well-known platforms take care of inspections and guarantee that the seller receives payment that is just and based on the actual market conditions.
Summing it up
Canadians love updated gadgets and want the latest phones to use in their daily life. Hence, the act of selling an old phone and receiving instant cash helps them add to their savings to buy a new phone. Therefore, reselling an old phone is a financial decision for most. In order to execute the process correctly and earn some benefits out of it, Canadians need to know the factors that impact the resale value of an old phone.
