Including the Rock’s latest, “Fighting With My Family”; Mads Mikkelsen’s survival drama, “Arctic”; and a tightly wound horror movie, “Escape Room.”
Source: The Best Movies of 2019 (So Far)
It’s common behavior to trade in a car when you are ready to purchase a new one. Trading in benefits both parties—the seller secures more money upfront to offset the cost of the new car and the dealer can resell the used car for a profit.
We’re starting to treat our smartphones and tablets the same way. We trade in older devices and use the money to offset the cost of the new one.
Gazelle was the first company to see the value and the need for a comprehensive gadget trade-in service as smartphones started to hit critical mass. Over the past few years, Gazelle has accepted nearly 2 million devices. In the process, we have gained enough experience, knowledge, and data to launch the Orange Book, a guide to help consumers predict the future trade-in value of their devices before they even purchase them.
In our first edition, relying on historical market trends, we reveal when to trade-in your phone as well as what brands retain their value over time. Here are some tidbits: You might be surprised to learn that buying a phone with more memory for photos and videos doesn’t actually help its resale value. And, we dispel the myth that broken phones are worthless.
Time is money
As sleek and special as today’s phones have become, they are not fine wine or art. They lose value as they age. By leaving a handful of phones in a desk drawer as “backups” you leave money on the table. You wouldn’t keep your old car as a backup when you get a new one, so trade in your phone as soon as possible to earn back the most cash. Much like cars, phones are worth less as new models are introduced and the older models age.
So, which brands depreciate the fastest?
Brand name matters
According to Gazelle’s historical data, iPhones tend to hold their value longer than most other smartphones, with Samsung Galaxy phones coming in a close second. Both Apple and Samsung beat other manufacturers by a large margin because of strong global demand. Let’s take a look at how other brands stack up against them.
As seen in the chart above, even after a new iPhone has been out for a full year, it still retains almost 40% (or more than $240) of its retail value. That figure drops to 24% ($156) after two years, when most people are eligible for an upgrade. That means if you bought the iPhone 5 when it came out in September 2012, you could still earn a significant amount of money this fall when the highly anticipated iPhone 6 is expected to be released.
Samsung Galaxy phones retain their value similar to the iPhone. After one year, a Galaxy is worth almost 30% (or about $160) of its original retail price and almost 20% (or about $100) after two years. So Galaxy owners can expect to receive about $100 after two years when their carrier contracts have expired and a new model comes out.
While HTC phones are the third best in terms of holding value, there is a tremendous drop-off between a Samsung Galaxy and HTC. On average, HTCs retain just 20% of their initial retail price after the first year, followed by Blackberry (16%) and Motorola (13%). But all three manufacturers retain only 3-6% of the phone’s initial value after two years, far less than the average 24% for iPhones and 19% for Galaxy phones.
So, if trade-in value is a priority, iPhones and Galaxy phones should be at the top of your list, especially if you plan to upgrade consistently.
When $200 is really only worth $70
Brand is not the only factor that impacts value retention. An iPhone’s base memory capacity is 16GB or you can pay an additional $100 for 32GB of capacity, or $200 for 64GB. But think carefully before you buy that extra storage.
According to our historical data (see chart below), the $200 you spend for 64GB of capacity is worth only about $70 of trade-in value the moment you leave the store. After one year, the extra capacity is worth less than 5% of its initial cost on the trade-in market. That’s about $9 of the original $200 paid for those 64 gigabytes, and it drops to $6 after two years.
*Apple frequently introduces lower priced, 8GB versions a year later. Those models are excluded from this analysis.
Buying additional storage may make sense if your playlists read like novels or you are a shutterbug who takes (and keeps) a ton of pictures and video. But given the low rate of return on capacity, consider online storage (“the cloud”) rather than paying for an asset that will diminish sharply in value immediately. The dollars you invest in gigabytes will, in fact, look like pocket change when you trade your phone in.
Take care of your asset
Obviously, a phone that looks brand new is going to be worth more than one that has taken a bath in the washing machine. But you may be surprised that even broken phones have value.
So, what kind of damage does breaking your phone do to your wallet and what is it worth to get a really protective—if unattractive—case to help keep it safe?
When it comes to phone cases, in the battle between fashion and function, function always wins. Despite an initial investment of $20-60, a quality case is a wise purchase when it comes trade-in time.
According to our data (chart below), a Galaxy or iPhone is only worth about 16% of its retail price, or less than $100, if it’s broken when traded in after just six months on the market. That value drops to 11% of its original value if broken by its one-year anniversary.
Before the phone is two years old, that smashed screen has cut your phone’s value down to only 8% of its initial retail cost. Compare that figure with 24% of retail value for a two-year-old iPhone in good condition and 19% for a Galaxy. You could lose as much as $100 by breaking your two-year-old phone. But don’t forget, your broken phone is not worthless it’s just worth a lot less.
A case is a worthy investment, even if it makes your phone look like it’s wearing the technology equivalent of a bicycle helmet. It can save you a headache down the road.
Always consider what is most important to you when purchasing a new phone or taking care of your current device. But if you want to maximize the value of your next phone purchase, remember that brand has a tremendous impact on a phone’s trade-in value. Our historical data indicates that Apple and Samsung currently lead the pack.
Keep in mind that more storage capacity does not correlate with greater trade-in value. And remember, once you purchase your phone, treat it gently. Breaking your phone will significantly decrease its trade-in value — but you can still recoup some cash for that destroyed device.
Ultimately, when buying a phone, it comes down to personal preference, needs, and priorities. However, with a greater understanding of maximizing trade-in-value, we aim to help you make an informed decision. No matter which phone you choose and when you remember that your old device holds some value and should never wind up in a drawer….Or worse, the trash (see Gazelle’s recycling policy).
*This post contains affiliate links and I will be compensated if you make a purchase after clicking on my links.
SEO tools with social media advertising to increase website traffic. Source: The Leading SEO Tool for Startup Websites
Good Day Fellow visitor,
Sometimes you come across a site and wonder, “Why haven’t I heard of this site before”? I’ve had that happen to me a few times already. Well, I’d like to discuss a site that has some great features that I think you’ll like to hear about.
In this post, we’re going to discuss Anoox. Well OP, what the heck is Anoox, you might be asking. Anoox is a search engine that is powered by people just like you and me. The network has a lot to offer and the best part about Anoox is that it is a non-profit collective search engine & social network. Everything Anoox does is for people like you and me.
This network does NOT take corporate money and is mainly paid for through its own network of hard-working people who just want to make online advertising reasonable for everyone.
As for the search engine, did you know that the answers or input you get when you use the site’s search engine is powered by crowd wisdom and is totally private? This is one of my favorite reasons why I joined Anoox.
As you go into the site and browse you’ll find that you can participate in great discussions on politics, current events, technology, and so much more without the clutter and noise of some sites you come across. To learn more about what Anoox is; take a look at their page titled, “What is Anoox“?
After reading the page you’ll soon find out that this site has a lot to offer its visitors. Just like some of the other sites I like, this is one site that stays in my browser due to all the great resources it provides for FREE. Just take a look at some of the services provided:
Did you know that the average American pays just over $100 for monthly cable, let’s decrease that amount significantly, shall we? We’re going to look at keeping your internet service and watching TV from the large pool of free entertainment that’s available online.
GETTING RID OF CABLE TV
When cutting the cord, it’s time to let your cable company know about your decision, many cable companies also provide your internet. Once you cancel cable, you’ll probably find out that your internet bill has gone up, since you’re no longer part of the bundle. In some cases, cable companies show an increase of 20% for making the switch.
BUY AN ANTENNA
Back in the day, we used antennas to get a clear picture by so-called tweaking the “rabbit ears” that sat on the top of the television so we could get a better picture, and without snow or vertical lines. Today, we have digital antennas that can pick up broadcast channels and a host of free digital channels (showcasing old TV shows, foreign language, and educational channels). You can get these channels by getting yourself a digital antenna.
Digital Antennas are much stronger than the antennas of old and come with tuners to strengthen the signal. You can get them now for a pretty reasonable price: Amazon touts several ranging from $17 to $40 from a variety of brands, like the Mohu, which has a $30 antenna with a promised range of 40 miles.
In some tests, some people mentioned that they got a stronger, richer picture than cable since it didn’t have to go through a cable converter box. This is cutting the cord at its most basic step. No monthly bills to anyone. Your only expense is buying the antenna.
So if you do cut your cable bill by $30, you could be looking at a savings of $360 yearly.
WHAT ABOUT USING A DVR?
With just an antenna, you’ll lose out on having a DVR to record shows, which is a cable perk, but there are ways around this. You can buy a stand-alone DVR. The AirTV sells for $120, but you’ll need the antenna, a streaming player and an external hard drive to make it work, and that will bring the price to over $200. Amazon’s own Fire TV Recast DVR is $229, and again you’ll need a Fire TV or the Echo Show speaker as well to make it work. The unit has a built-in hard drive, but you’ll need to have a streaming player and/or antenna as well.
STREAMING PLAYER/SMART TV
To really live the cutting the cord life to its fullest, and ditch cable TV, hold onto the internet, and either use an antenna (if you care about local channels) or buy a cheap streaming device, like a Roku player or Amazon Fire TV Stick ($25 to $50.) Most current TVs sold today are “smart” in that they have built-in apps like Netflix, Hulu or Amazon Prime to watch, and you don’t need an accessory to bring them in. If you have a “dumb” TV, you’ll need the streaming players, which are heavily discounted during holiday sales.
YOUTUBE IS YOUR CORD CUTTING BUDDY
Now that you’re a “smart” viewer, you’re probably staring at this new menu of choices on your home menu, like Netflix, Hulu, CBS All-Access and streaming varieties of HBO, Showtime and others. They would like you to spend anywhere from $6 to $15 monthly for their services. And with new services in the wings from Apple, Disney, and Warner Media, you could imagine that monthly streaming bill rising even more, as we order more and more services.
There is so much free stuff available via streaming, there is no reason to pay for the services unless you have the money and need to watch. (Tell that to 140 million Netflix subscribers, right?)
Want to see the late night comedian’s nightly monologues, all the latest news and music clips from TV, international concerts and more? They’re all free on YouTube.
If you decide to add a streaming player, you might be surprised to see tons of familiar names listed in the apps, like CNN, TLC, and FX. Most cable channels will be there, but there’s a big catch. They only work if you’re a current cable or satellite customers and can “authenticate” your credentials.
But don’t fret! YouTube again comes in to save the day. You can find some of their programmings within YouTube, and if there’s a series you really, really want to see, you can also buy a specific season of a program for $20 or so via iTunes or Amazon.
Furthermore, channels like Pluto TV, Tubi TV, Crackle, Xumo, Streamlive.to and the Roku Channel all offer free movies and TV shows, in exchange for you sitting through their ads.
Pluto TV is the most popular of the free channels. It tries hard to resemble cable, with a similar channel guide that offers free programming that’s heavy on news (CNBC, Cheddar, BBC, CBS News) older movies (The Wild Ones, Patriot Games) and even older TV shows, like Dennis the Menace and The Dick Van Dyke Show.
CABLE TV ALTERNATIVES
Finally, if you find that you miss the cable channels, and can’t live without them, there are ways to get them back in your life, but you’ll have to pay.
Sling TV is the cheapest, at $25 monthly (or $15 for the first 3 months) but it has fewer channels. For instance, it doesn’t receive CBS or ABC, YouTube TV has more channels, and the most generous DVR rules, with no storage limits, at $40 monthly. Hulu with Live TV is $44 monthly, while DirecTV Now is the most expensive, starting at $50 monthly.
Most offer the most popular cable channels, with some exceptions, like Nickelodeon and Discovery, so check their lineups before signing up. And none carry PBS, which doesn’t make its services available to the streamers.
If you miss PBS you can try Streamlive.to Broadcast channels. You will have to sign up for an account to view ANY of the channels but once you’re signed up you have access to not only PBS but several other favorite channels that you might like.
Many of the channels broadcast are also found on the more expensive platforms. With this little known service, several channels are free but to open up a great deal of quality channels a Premium plan is offered and it’s worth a look.
If you know of a great cord cutting alternative, let’s hear about it. Leave a comment below, thanks, and Happy Streaming!