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Update: In the year since we posted this, we’ve decided to seek out the best partner and do the trade ins ourselves. After doing a lot of research, we’ve decided to work with Myphonesunlimited who consistently offer the best prices for iPhones, iPads and other Apple, Windows and Android devices. Go check them out.

Apple releases new iPhones every fall, guaranteeing that a massive number of old iPhones will be traded in or sold. The rush will dramatically change the market for used iPhones, so I wanted to help you stay ahead of the curve and get the best deal possible. Having just sold my own iPhone 6 Plus to upgrade to a newer model, I have some strong opinions about your smartest options.

Below, I’ve put together a guide to some of the iPhone selling and trade-in options you should consider. There’s no single “right” answer, since some options trade greater convenience for lower prices, and others have higher prices but greater risks or hassles. You can choose the one that’s best for your needs, but whatever you do, make your choice before iPhone values begin to fall…

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You don’t want to admit it, but you were talked into being an early adopter of Android Wear or Pebble before Apple Watch was even a thing. Now that Apple Watch preorders have kicked off and the Watch is almost in your hands, it’s time to unload your Android Wear watches before people catch on and resale values plummet.

Good news: NextWorth, one of the leaders in mobile device trade-ins, today announced it will begin paying out for your old Android, Samsung, and Pebble watches (and soon Apple Watches too).
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Update: Gazelle has announced an extended 50-day price lock window. That will give you until October 15th to send your iPhone in, but you’ll have to lock in your price before Apple’s September 10th event to take advantage.

With the unveiling of a next-generation iPhone expected on September 10th, it’s once again time to start thinking about trade-in options for your current device. While iPhones typically hold their resale value much better than competing devices, previous iPhone models historically experience a big drop in trade-in value in the 3-4 weeks leading up to an iPhone announcement. That’s highlighted in the chart above showing average decline in selling prices for previous gen iPhones leading up to the iPhone 5 launch.

With reliable reports of the next-gen iPhone coming early next month (no word on if that means the rumored iPhone 5S, 5C, or both), now is the time to get the most for your iPhone if you plan on upgrading when Apple’s new device finally becomes available. Apple is testing its own trade-in program that should launch in the coming months, but until then we’ve put together a chart showing where to get the most out of your device today:
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