Further to my deal posted on the starting date for pre-orders, CEX have now INCREASED their trade-in prices for the iPhone 5.
I know I was pushing at trolling Apple fans on the previous thread, but all jokes aside, this is now an excellent deal. Previously it was £10/£15 profit, now it's £35/£45/£50 profit.
CEX are offering the following:
---------------------------------------------
These prices are presuming your phone is still in Brand New condition, presuming that the majority of people can't have damaged their phones that much in less than a week.
Grade B prices are lower, but still generate a profit for the 16GB and 64GB models.
16GB Grade B: £540 cash (Any Network)
32GB Grade B: £580 cash (Any Network)
64GB Grade B: £715 cash (Any Network)
Grade C prices will lose you between £30 and £50 on Apple sale prices, but surely you can't have messed up a phone to that extent within 5 days?
Who is this a deal for?
-------------------------------------
The previous deal was used by people who purchased and decided they didn't like the phone.
People who receive these as unwanted upgrades on contracts. Forget eBay/Paypal with their £50-£60 fees, sell it straight to CEX.
People who already own an iPhone: sell to CEX and pre-order another from Apple for delivery in a few weeks.
Those who might have damaged their phones a bit in the first week to a B grade can sell and then re-buy a brand new one from Apple for a small profit and a 3 week wait.
Those who have a phone on a contract: sell your locked phone to CEX and buy a factory unlocked one from Apple instead, a free unlock, brand new phone and £35-£50 profit in the process. This improves resale value as you will have an unlocked phone with an Apple receipt.
Tips
--------
I doubt this will last long, so get in quick! If you place a Sell order online, bear in mind you will have to pay a bit for the insured postage, but the price will be reserved for 5 days if they do drop the prices.
If you plan to sell instore, I still recommend creating a Sell order on the website. If you get into the store and they have dropped the price by £50, you still have the option of selling online. Insured delivery services to this value will always be next day with Royal Mail, so you have 3/4 days from the creation of the order to ship it to still guarantee the price.
If selling instore, aim to get in at opening time. The phone has to be tested, if others get there before you and they have a back-log of phones/consoles to test, you might be given a 2-7 hour wait or even asked to come back the next day at peak times. The price you get paid will be the current price once testing has been completed, so if the prices drop, there is nothing you can do. At opening times, I've been told and by personal experience, they are more likely to have cash for you.
Sell quickly! They will likely have a trigger to drop the price once they have so many in stock. also, this is the second time they have changed the prices, so they might change their minds again fairly soon: it depends on how many people buy and how many sell.
Goodluck!
Just one request: please don't let this deal be flooded with arguments between Android/Samsung and Apple.
Top comments
shamsul10
25 Sep 1221#2
Getting rid of Iphone, hot!
giorgoXXI
25 Sep 124#15
It is very unlikely CEX stores will give you that much cash. Most never seem to have cash, or only have cash when they are interested.
DEALS4EVA
25 Sep 123#30
I'm not going to be an iPhone sheep.
Ill buy a Galaxy S3 instead. Yeah, then I'll be really different. Wow, that will be some statement.
the porter
25 Sep 123#19
i wouldnt lower myself to have some cex scrote tell me its not new even though its sealed tell me they have no cash etc etc coz thats what will happen
I wonder if scuffgate will work in CEX's favour, giving them licence to offer a grade B price?
oldskoo1
25 Sep 121#4
I'm struggling to figure out how this is a good deal for CEX?
Why are they doing this.
Sure iPhone releases of the past have generated some profit through selling on eBay in the first few days / week or selling to countries who don't have Apple Stores but iPhone availability is better on this release than most past releases and it is being launched in more countries than ever.
pete1993 to oldskoo1
25 Sep 12#6
They have sold nearly all of the iPhone 5's they bought in on the previous prices of £540 buy and £595 sell for a 16GB within the first few days after release. They had about 15 in on the first day and sold nearly all of them at the selling price of £595... Because they were selling out so fast, they upped the sale price. Today they've increased the prices to these. They will no doubt still make a profit because of the very small minority of people who will pay stupidly high to get the phone now rather than in 3 weeks. :stuck_out_tongue:
jough to oldskoo1
25 Sep 121#9
you cannot walk into Apple Store with old dvds/games/consoles/phones etc... and trade them for an iPhone can you, thats why CEX are buying in for more and why people will pay more because its with laying around the house goods, goods that will more than double what CEX paid/traded for..
its a long term thing.
aabarcellos
25 Sep 12#5
they need now or buy from apple and wait
joffa81
25 Sep 12#7
Sort of annoys me as my iPhone 5 came out of the box with scratches and I've already lost £75 because CEX will grade it as a class b product.
Oh we'll roll on my replacement next week hopefully no chips or nicks out of that one.
MiiCK to joffa81
26 Sep 12#40
Mine was the same.. I found an issue with mine also. I had a small like.. pin **** dent to the back of the case (under screen cover) and also, under the lock button if you turn brightness all the way up and look between the phone and the silver band, the light shines through on mine, wondering if I should sell this one to cex (not noticeable unless you know about it), and then buy a new one + i'll have made a profit :smiley:
oldskoo1
25 Sep 12#8
There obviously is a market for it then
I'm surprised by the tiny margin they even bother doing it on such a small volume
But maybe they benefit in other ways
LordLardy
25 Sep 12#10
What if they are selling those in markets where iPhone 5 hasn't been released yet. Surely there's a market willing to pay more than the RRP to get hold of it and to avoid the waiting time
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Opening post
I know I was pushing at trolling Apple fans on the previous thread, but all jokes aside, this is now an excellent deal. Previously it was £10/£15 profit, now it's £35/£45/£50 profit.
CEX are offering the following:
---------------------------------------------
16GB Grade A: £565 cash (Any Network)
32GB Grade A: £645 cash (Any Network)
64GB Grade A: £750 cash (Any Network)
These prices are presuming your phone is still in Brand New condition, presuming that the majority of people can't have damaged their phones that much in less than a week.
Grade B prices are lower, but still generate a profit for the 16GB and 64GB models.
16GB Grade B: £540 cash (Any Network)
32GB Grade B: £580 cash (Any Network)
64GB Grade B: £715 cash (Any Network)
Grade C prices will lose you between £30 and £50 on Apple sale prices, but surely you can't have messed up a phone to that extent within 5 days?
Who is this a deal for?
-------------------------------------
The previous deal was used by people who purchased and decided they didn't like the phone.
People who receive these as unwanted upgrades on contracts. Forget eBay/Paypal with their £50-£60 fees, sell it straight to CEX.
People who already own an iPhone: sell to CEX and pre-order another from Apple for delivery in a few weeks.
Those who might have damaged their phones a bit in the first week to a B grade can sell and then re-buy a brand new one from Apple for a small profit and a 3 week wait.
Those who have a phone on a contract: sell your locked phone to CEX and buy a factory unlocked one from Apple instead, a free unlock, brand new phone and £35-£50 profit in the process. This improves resale value as you will have an unlocked phone with an Apple receipt.
Tips
--------
I doubt this will last long, so get in quick! If you place a Sell order online, bear in mind you will have to pay a bit for the insured postage, but the price will be reserved for 5 days if they do drop the prices.
If you plan to sell instore, I still recommend creating a Sell order on the website. If you get into the store and they have dropped the price by £50, you still have the option of selling online. Insured delivery services to this value will always be next day with Royal Mail, so you have 3/4 days from the creation of the order to ship it to still guarantee the price.
If selling instore, aim to get in at opening time. The phone has to be tested, if others get there before you and they have a back-log of phones/consoles to test, you might be given a 2-7 hour wait or even asked to come back the next day at peak times. The price you get paid will be the current price once testing has been completed, so if the prices drop, there is nothing you can do. At opening times, I've been told and by personal experience, they are more likely to have cash for you.
Sell quickly! They will likely have a trigger to drop the price once they have so many in stock. also, this is the second time they have changed the prices, so they might change their minds again fairly soon: it depends on how many people buy and how many sell.
Goodluck!
Just one request: please don't let this deal be flooded with arguments between Android/Samsung and Apple.
Top comments
Ill buy a Galaxy S3 instead. Yeah, then I'll be really different. Wow, that will be some statement.
All comments (88)
Black
White
iPhone 5 32GB
Black
White
iPhone 5 64GB
Black
White
Why are they doing this.
Sure iPhone releases of the past have generated some profit through selling on eBay in the first few days / week or selling to countries who don't have Apple Stores but iPhone availability is better on this release than most past releases and it is being launched in more countries than ever.
its a long term thing.
Oh we'll roll on my replacement next week hopefully no chips or nicks out of that one.
I'm surprised by the tiny margin they even bother doing it on such a small volume
But maybe they benefit in other ways