Well the quick argument against it would be that $900 seems a bit high from a quick search for a used phone. Seems $750-$800 is more likely. What are ebays fees %10? So you’re looking at $720ish. Plus it’ll likely go down more after Friday.
Still make more selling yourself, i think the difference as more like $150, not $300.
But by all means, if that is worth it to you go for it! Or I’m totally wrong and you’ll get $300.
I saw several for $900-925 on eBay but myself have always sold locally for over a decade.
Let's do the math further I find it helpful for me, maybe someone else as well. All numbers rounded.
Let's use $850 as a buy it now since prices will go down over the next week:
$850 selling price
-10% ebay fee = $85
-2.9% of paypal fees = $20
$15 (shipping coast to coast)
$850- $120(total cost to sell on ebay) - $120(apple care) = $610.
$610 is the out of pocket expense for buying it outright vs $720 IUP.
let's just say $100 to avoid the hassle of selling it yourself which I think is pretty reasonable given the things that can go wrong selling a cell phone or meeting someone especially during a pandemic.
So yeah breaking it down further at the worse price you can sell for right now - $100 it's not worth it, but if someone wanted to make the most of it they have a few options:
- Sell local or other ways to avoid the eBay fees, making it $220.
- Sell a month before the phone is announced officially at a higher price. Possibly another $100(use a backup)
- Maximize credit card options to reduce the initial price( 3% apple card, cashback rewards, etc. )
