On July 11, 2008, I purchased the iPhone 3G. I waited in line for about 2 hours to buy it, and it was actually an all-around fun experience. I paid $299 for the 16GB version, and in doing so, I entered into a 2-year contract with AT&T. Fast forward a year or so later…
Apple releases the iPhone 3GS, and if I want to get it, I have to shell out $399 to get the low-end model since I am not yet eligible for the cheaper upgrade pricing. I was bummed, but still content with what I had. Now, fast forward to last week…
I have recently been wanting one of those little Flip video cameras for on-the-fly video shooting, and I started thinking that if I had the new iPhone 3GS, it would accomplish the video part, plus, I would have the shiny new phone that can do several other things that my iPhone would not do.
So my dilemma was this… how in the world do I justify spending $399 on a new iPhone when my current one works fine, and more importantly, I don’t have $399 to spend on a phone? The only way would be to sell my current iPhone and try and recoup some of the cost of getting the new iPhone.
On Thursday, I put my iPhone up on eBay to try and sell it. I thought I might get around $300 or so, especially considering that the phone was used. I would be ok with that. I spend $100 to get the latest-greatest. Well, the auction closed Saturday, and the price it sold for?
The buyer paid instantly with Paypal, and I went and got my shiny new iPhone. The best part is that I am out ZERO dollars for it.
So, the moral of the story is this: If you have an older iPhone and want a newer one, put it up on eBay. You will get a lot more for it than you would expect, and it just might pay for the new iPhone that you want =)