Consumers who plan to upgrade their iPhone to a new model have a dilemma beyond choosing between the iPhone 6 and iPhone 6 Plus — namely, what to do with the old phone?
The options fall into four broad categories: Trade it in at one of the four major carriers, head to Best Buy or another store that buys phones, sell it to one of the firms that specialize in buying old phones or try to sell it themselves using a website like eBay or Craigslist.
The nation's two largest providers, Verizon Wireless and AT&T, are offering similar trade-in deals: Up to $200 for an older iPhone 4 or iPhone 4s and iPhone 5 or iPhone 5c in good condition; and up to $300 for an iPhone 5s.
There are certain conditions that apply to these offers: Verizon's offer is contingent upon a two-year contract and AT&T similarly requires that a transaction take place — either an upgrade, a new line added or a new customer.
The two smaller major carrier are getting even more aggressive, promising to beat any other carrier's offer. As part of its pledge, T-Mobile will match any other carrier's trade-in offer and add $50 on top of it.
Sprint's offer includes offering a free 16 gigabyte iPhone 6 for customers who turn in a used iPhone in good working condition and sign up for a two-year agreement.
The struggling carrier also will buy out the remaining contracts for customers who bring their numbers from another carrier and activate an iPhone 6 or iPhone 6 Plus on the Sprint Simply Unlimited plan. Sprint said it will issue Visa prepaid cards worth up to $350 a line for switchers.