Why You Should Buy a Used iPhone In 2020!

TL;DR

Buying used iPhones provides significant savings compared to new models.

Transcript

welcome back everyone 2020 I'll be honest is a really weird a year right now there's a lot of different things but I'll tell you what isn't weird okay use the iPhone prices okay that's what we're saying I don't know why I'm going with this but I would honestly probably recommend everyone who doesn't have to buy a new iPhone to buy I used one 100% n... Read More

Key Insights

• 👶 Used iPhones provide significant cost savings compared to new models, making them appealing for budget-conscious consumers.
• 🥶 Many older iPhone models still receive software updates, ensuring a functional device for a longer period.
• ☠️ The depreciation rate for new iPhones is substantial within just a year of release, making used models a smart investment.
• 🥶 Features on older models, such as the camera system on the iPhone XS and XR, remain competitive with newer releases.
• ⚾ The market for used phones is robust, with various pricing tiers based on model and condition.
• 😘 Buyers should do thorough research to ensure the quality of used devices and be wary of products sold at unreasonably low prices.
• 👻 Frugality in purchasing used tech can allow consumers to maintain a high level of functionality while minimizing expenses.

Questions & Answers

Q: Why should someone consider buying a used iPhone instead of a new one?

Buying a used iPhone allows consumers to save a significant amount of money while still enjoying a high-quality device. New iPhones depreciate quickly, often losing several hundred dollars in value immediately after purchase. In contrast, a used model offers similar performance and features at a much lower price, making it a more frugal option for those who don’t need the latest technology.

Q: What models of used iPhones does the speaker recommend?

The speaker recommends models like the iPhone 11, 11 Pro, and 11 Pro Max for their balance of performance and price in the used market. He also mentions older models like the iPhone XS, XR, and even the iPhone 8 Plus, stating that they are still capable devices and provide excellent value, often being available for under $500.

Q: How much do used iPhone prices typically drop after a new model is released?

Upon the release of a new iPhone model, the prices of previous generations can drop significantly, often by $100 to $200. For example, when the iPhone 12 was released, prices for the iPhone 11 series dropped noticeably, making them a much more affordable option. This depreciation trend helps users save money and access quality devices at lower costs.

Q: Where does the speaker recommend purchasing used iPhones?

The speaker suggests purchasing used iPhones primarily from platforms like eBay and Amazon. These platforms often have competitive prices and a variety of listings, allowing buyers to find fully functional devices at lower costs than retail. He warns, however, to be cautious of deals that might seem too good to be true, as they could involve risks such as receiving stolen items.

Summary & Key Takeaways

• The speaker recommends purchasing used iPhones over new ones to maximize value, especially due to their depreciated prices.

• Even popular models like the iPhone 11 and XR offer functionality comparable to newer versions at much lower costs in the used market.

• There's a strong argument for buying used phones based on avoiding excessive depreciation, making it a financially savvy choice.