Looking to upgrade your iPhone? You maybe wondering whether to opt for a brand new make and model or a refurbished device?
When buying a new iPhone such as the iPhone 14, you will be paying the premium. However if you are prepared to pay much more to have the latest gadget, then investing in a brand new iPhone 15 when its launches may be your best bet.
However before making a decision, a refurbished devices may also be worth considering.
A refurbished iPhone is in other words a second hand, used iPhone, which has been repaired and reconditioned to a higher quality.
One thing is clear, more and more people today are opting for a refurbished iPhone when they come to their next upgrade.
The refurbished and used smartphone market is booming. With Apple devices being the most popular make. The used and refurbished smartphone market was valued at 251.09 million units last year and it is expected to reach 459.86 million units in the next five years, with a CAGR of 10.23%.
What are the benefits of buying a refurbished iPhone?
There are many benefits to opting for a refurbished smartphone when you next come to upgrade.
One of the main reasons, it is without doubt a huge cost saving.
The rise of inflation has meant we are looking for more ways to make cost savings and opting for a high quality device at a cheaper price can go a long way!
With the cost of premium new devices on the rise, it has become more off putting for us to upgrade, and has even meant many of us are holding onto our phone for longer! There are also options now to get hold of a newer refurbished model for a fraction of the price of a new one.
As soon as a new iPhone is released the prices of older makes drop instantly. Which can be deflating if you have invested in a brand new iPhone a month before a new model is released.
Another benefit of investing in a refurbished device is that its a kinder option to our planet. The rise of E-waste globally is is a growing concern for our planet. Buy opting to buy a refurbished iPhone helps reduce the need for new products to be created - where extensive materials are used and harmful gases are leaked into our atmosphere.
Used devices also now come with a warranty and can be traded in to get a replacement device when required, which means you are fully covered.
What to look for when you buy a refurbished phone?
There are a number of things to look out for when you buy a used iPhone.
- The higher the grade of the device the better the condition (A, B, C, D) All companies grades are slightly different.
- Does the smartphone come with a warranty?
- Who are you buying from? Are they a trusted provider? Are they performing certified apple repairs? This will help hold its value when you come to sell it
- Which brand to choose? Apple tends to be the most common device in the used smartphone market and makes a good, reliable choice.
- Is it in good working condition and meets expectations?
- How is the data handled? Does the provider use sophisticated data wipe software?
When is the best time to buy a preowned iPhone?
If you want to buy a high quality, refurbished iPhone 14 without the price tag. If you are prepared to wait - the best time to buy would be when the iPhone 15 is released. As soon as a new model is released the predecessor pricing will instantly drop.
To conclude, if you are eager to get your hands on a new smartphone and prepared to pay the premium to have the latest technology for a period of time - opting for new is the way forward.
If you would like to opt for a quality refurbished iPhone but would like to make considerable cost savings whilst helping our planet, its refurbished all the way!
