In recent years, the cost of acquiring new smartphones has been on the rise. With global trade tensions escalating, partly fueled by the tariff policies proposed by U.S. leadership, there’s potential for these prices to surge even further. For those looking to save their pennies, opting for a secondhand device could be a viable alternative.
The secondhand smartphone market is experiencing significant growth, surpassing even the pace of new phone sales, according to CCS Insight, a tech research company based in the U.K. As tech enthusiasts eagerly jump for each new smartphone release, they often look to offload their current devices, many of which remain in excellent condition.
For budget-conscious consumers, a refurbished phone can be a compelling option. Typically costing anywhere from 15% to 50% less than their brand-new counterparts, these phones also often include perks such as warranties, flexible payment plans, and customer support services, as noted in a recent CCS report. Meanwhile, the sticker shock of new high-end models remains pronounced; for example, estimates suggest the price of a leading iPhone Pro Max model could rise from $1,200 to approximately $1,550.
Navigating the world of secondhand phones is different from buying new, so consider these guidelines: When it comes to popularity, Apple leads the pack with its iPhones representing around 60% of the secondary market. Samsung’s Android models account for about 17%, leaving a mix of lesser-known brands such as Xiaomi to fill the remaining space.
There are various avenues to explore when purchasing a secondhand smartphone. However, the vast online marketplace comes with its challenges, including fraudulent sellers. It’s advisable to read reviews, buy from reputable sources that provide guarantees, and stay wary of suspiciously low prices.
Several platforms specialize in selling secondhand electronics, such as Gazelle or Backmarket, and mainstream retailers like BestBuy and Amazon offer refurbished models. Major phone producers like Apple and Samsung also offer pre-owned phones directly, ensuring they have been restored to reliable conditions by their technicians. However, the selection might be limited, with refurbished offerings primarily featuring recent models. For instance, Apple’s site currently lists only iPhone 13 and 14 refurbishments.
When a phone is refurbished, it often means a deep clean with diagnostics to resolve any issues. Malfunctions or worn-out parts are typically replaced. A used phone from individual sellers, for example via platforms like Facebook Marketplace, lacks these guarantees, though prices may be more attractive. However, they often come without repairs or assurances.
There are also peer-to-peer platforms like eBay or Swappa, which grant additional buyer protection such as refund policies if the phone doesn’t match its description.
Look closely at battery life when shopping for refurbished phones. While companies like Apple promise new batteries and sometimes even new shells for their secondhand models, other vendors might just assure a battery with 80% of its original capacity.
Quality assessments can also vary. Each reseller will have its own grading terminology which lacks a standard system. This discrepancy can make price comparison challenging across different platforms.
As far as age goes, prioritize phones that aren’t older than three generations to ensure compatibility with the latest software updates and features. Devices older than five or six generations might face operating system support issues.
To avoid purchasing stolen merchandise, confirm that marketplaces check devices for stolen registrations. Swappa, for example, requires IMEI verification to ensure devices aren’t flagged. If a mistake occurs, many platforms assist with returns.
Furthermore, examining for water damage is essential when buying secondhand. While newer models boast water resistance, there’s no absolute guarantee. For in-person purchases, visually inspect liquid contact sensors that many devices, like iPhones, have had since 2006.
Lastly, remember that additional accessories might not accompany your purchase, so allocate part of your budget for these extras, such as charging cables or earphones.