(Credit: Josh Miller/CNET)
For those planning on upgrading to the next iPhone model in September, Gazelle is taking the gamble out of early trade-ins with an extension of its price-lock guarantee.
Consumers who plan on selling a used iPhone to Gazelle can get a price quote locked-in now, but don't have to mail in their iPhone until Oct. 1. It's widely rumored that the next iPhone model will go on sale Sept. 21. If rumors are true, this would give sellers enough time to hold on to their current iPhone before replacing it with a newer model.
The extension only applies to quotes made on Gazelle between Monday and Aug. 31. There's no obligation for sellers to go through with the trade-in, but it's a safe to bet that gadget-buyback sites will pay less for iPhones by Oct. 1. The used value of iPhones tends to decrease as a new iPhone launch day approaches.
The Massachusetts-based electronic trade-in site has extended its typical 30-day quote guarantee to encourage more trade-ins from consumers looking for the best deal but skeptical about Apple's launch rumors. Rival buyback site NextWorth requires gadgets to be mailed in 21 days from the order date.
Anthony Scarsella, Gazelle's chief gadget officer, says the site began to see a spike of iPhone trade-ins last week. But that means sellers would have to go without their phone, or use an alternative phone in the meantime.
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