Apple iPhone 7 Prices in Second-Hand Market: What to Expect?
As the market of smartphones keeps evolving, people have started to trade in their old phones for newer models. These used phones are then available to others on a second-hand market. If you are in the market for an iPhone 7, second-hand devices can be a great option for you. However, it is essential to understand the pricing dynamics of these devices before making a purchase. This article aims to give you a comprehensive guide on what to expect when buying a second-hand iPhone 7.
I. What Determines the Price of a Second-Hand iPhone 7?
Several factors affect the pricing of a second-hand iPhone 7. Some of these elements include the condition of the phone, its memory size, the carrier it was bought from, and the time it has existed in the market. Generally, the more recent the phone is, the more expensive it will be. Conversely, an iPhone 7 with more wear and tear will be less expensive than one in tip-top condition. Additionally, a phone bought from a highly-rated carrier will command higher prices than one bought from less well-known carriers.
II. Pricing Trends for Second-Hand iPhone 7
It is essential to understand the pricing trends for second-hand iPhone 7 before going into the market. Based on research we conducted, a second-hand iPhone 7 unit with 32GB memory size costs between $150 to $250 in the current market. However, if you are after a phone with a larger storage capacity, expect to pay a premium of up to $100. Additionally, if you want an iPhone 7 that comes unlocked, it can cost you about $20 more.
If you’re buying a used iPhone 7 that is unlocked and with a larger memory size of 128GB, you should expect to pay about $400. Alternatively, for a phone in this category and locked to a particular network, you could pay around $350. You could pay even more if you are looking for a phone in pristine condition.
III. Tips for Buying Second-Hand iPhone 7
Buying a second-hand iPhone 7 comes with its risks. While you can land yourself an excellent device at an affordable price, you could equally fall victim to a scam or a faulty phone. Here are some of the tips to keep in mind before you buy:
1. Research widely before buying: Conduct extensive research to understand the average price of a second-hand iPhone 7.
2. Check the phone’s condition: When buying, ensure you ask for detailed photographs of the phone to assess its condition. If possible, try to meet the seller physically to verify the phone’s condition before purchase.
3. Check the phone’s unlocking status: Some phones may be locked to specific carriers, so ensure you ask the seller about the phone’s unlocking status or the carrier it was bought from, especially if you intend to use it with a different carrier.
4. Check for authenticity: Some sellers might sell fake iPhones, so confirm if the phone is genuine by checking its IMEI or serial number on the Apple website.
5. Ask for warranty: Some sellers offer a warranty period in case the phone encounters problems after purchase. Ensure you ask for a warranty and its terms before you buy.
Conclusion
In summary, the price of a second-hand iPhone 7 depends on several factors such as memory size, the carrier it was bought from, its condition, and its duration in the market. With the right research and buying tips, you can land yourself a good deal. However, always remember to exercise caution when buying second-hand devices.
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