Here's how much your old iPhone will depreciate shortly

With the new iPhone 6s and 6s Plus duo only a few hours away from an official unveiling, a lot of current Apple users are surely already considering an upgrade. This, of course means that a lot of current gen and older Cupertino smartphones are going to flood the second-hand market which by the simple rules of economics, combined with the allure of newer tech can only mean one thing – depreciation.

It is inevitable, your iPhone lost a big chunk of its value the very second you opened its box and has been doing so ever since, but if you plan on getting rid of it to buy a 6s model or perhaps an Android, then the guy over at GadgetValuer have a few tips on how to get the best possible deal that you really ought to follow.

Advise number one states that you need to act as early as possible, which is only natural, but as it turns out, there is a particular date when old iPhone prices are going to start their rapid decline and according to data analysis of markets and patterns form previous years – it is September 14. So, you should definitely move the device or perhaps get a trade-in quote before that date. The latter even tend to remain frozen for up to 30 days.

Another important point is to do your research. As it turns out, you could lose as much as $115 by simply selling your iPhone 6 on a bad deal.

The rest of the advice has to do with condition and it turns out that with most iPhones investing a little money in repairs can actually bring the buy-back value quite a bit more – enough to pay for the investment and add some. This is particularly true for newer iPhone models.

Last, but not least, there is the matter of carrier unlock. If your unit is currently locked it makes quite a lot of financial sense to get in unlocked before letting it go.

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