Phones are depreciable assets which means they do get depreciated over time. This change in the value of the phone depends on many other factors like technological advancement, the condition of the phone, the choice of the platform, and many other factors. This article will investigate how phone value declines over time and offer strategies to maximize its resale value. Depreciation is inevitable, but we can reduce its effects. Let’s discover how.”
Also Read: Mobile Phone Buybacks: Reducing E-Waste by Selling Your Old Device
Reasons for Depreciation
Technological Advancement– With the ongoing technological advancement the older model models tend to obsolete earlier than expected. And once it starts depreciating, the phone value over time decreases only. So, to avail the benefits and the best value you should sell your device timely.
Brand and Model: Every phone goes through depreciation but the degree of depreciation may be high or low depending on the Brand and Model of the phone. Some Brands like Apple are less depreciated than others.
Warranty: If you still have the warranty of your phone then there are high chance that you receive a good value as it covers some damage. Hence a device with a warranty depreciates less.
Phone Condition: This is the most crucial factor. If you maintain your phone’s condition, you will receive a high value. However, if you do not maintain it or it has physical damage or functional issues, the value will depend significantly.”
Tips to maintain the phone value over time
Despite the factor that your phone value is going to be depreciated, there are some tips to maintain the value of your phone.
- Right Time: To avail the best value, timing matters a lot. Reselling your phones in a period of high demand gets you higher value. You should keep track of market trends and wait for the right opportunity to knock in.
- Condition of your phone: You should maintain the condition of your phone. The more your phone will be protected the higher value you will be getting. You must pay attention to some parts of the phone as damage to them significantly reduces the value of your phone.
- Screen of your phone: A broken screen can reduce your phone value up to 20 percent. So, you must pay extra attention to your screen and always use a strong temper card to protect it.
- Battery: You must be cautious about the battery of your phone. If battery is harmed or damaged then it will overall reduce the value of your phone.
- Original Accessories and Documents: If you have the box of your phone, original charger, and any other related original documents then the value of your phone remains intact. The missing of these things reduces the value as the absence of these reduces the authenticity of the phone.
- Choice of the Right Platform: After checking all these, the need to choose a platform that will give you high-value and promising services is very necessary. All the maintenance step will be of no worth if you can’t find the right platform that understands the worth of every step.
Why should Cashify be your Choice?
Cashify is a certified platform that not only provides the best and fairest value but also provides promising services. It is involved in these types of services for a long time and has excelled in delivering value to its customers. We at Cashify provide 100 percent data security, secure transactions, instant payment, free doorstep pickup, payment in your preferred method, and sustainability in the workplace. Cashify is 100 percent committed to environmental safety and carries on its process in an environment-friendly manner only. All these reasons make Cashify a top choice for the purpose of reselling.
Also Read: 5 Key Questions to Ask When Choosing a Mobile Phone Buyback Service
How to sell your device on Cashify:
Selling a phone on Cashify is a hassle-free process that can be completed in a maximum of 5 steps, let’s go through them-
- Visit the official website of Cashify or you may download the app from the Play Store.
- Head towards the sell phone section and select the brand and model of the phone you want to sell.
- After this take the assessment so that Cashify knows the actual condition of your phone.
- Based on the condition of the phone you will be getting a fair and best value to the device.
- A price quote will be shown to you, if satisfied then you can schedule the pick-up at your own convenience.
- Our agent will come to you and verify the condition of your phone, once verified you will instantly receive the payment.
Conclusion:
This article majorly focuses on how every phone has to go through the depreciation process but the degree of depreciation it will be impacted by depends on how you manage the condition of your phone and the brand and model you are using. After following these tips your phone value over time will be impacted but the degree of impact will be less.
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