Apple Inc. (NASDAQ:AAPL)’s next generation of iPhone is arriving next week, which means it’s time to start thinking about how to get rid of your iPhone 5 and get a shiny new one. But the first question that will come to your mind is how to get the best price on your old iPhone, and where to sell it. Now that’s of course the million dollar question that many of you might be facing with, but we’re to help you.

iPhone 5

But before we tell you where to sell your old iPhone, you might want to know when is the right time to sell it. According to many experts, the best time to sell an iPhone is before the launch of a new iPhone. Which means that right now is the perfect time to sell your iPhone.

Places to sell your old iPhone for a good price

Before posting your iPhone’s advt. on any classified site or any other marketplace, it is a good idea to ask if any of your friends, relatives or other known people are thinking to buy a used one. Such a person can pay you a good price, plus you can easily convince him/her to buy your iPhone.

Craigslist
Craigslist is a good place to sell your iPhone, but you’ll need to put a lot of effort when selecting legitimate buyers. There are many spammers and scammers you can find on this site, and therefore if you’re willing to meet a potential buyer from Craiglist, then choose a public place. This might be the place where you can get the most cash back on your device.

eBay
You can sell on eBay in two ways – you can either post a simple Buy Now price or you can allow users to bid on your listing (also known as auction). You can then sell it to the highest bidder.

NextWorth
NextWorth is one of the best places to buy or sell electronics. You can ship it to them, choose your preferred payment method and receive payment the next business day once your item is inspected. It works both ways – online as well as in many Target stores across the US. If you don’t prefer the online (and there’s no problem with that), then you can walk in to any Target store and trade in your phone.

uSell
uSell collects information from different marketplaces and then displays it at one place. You’ll need to select your iPhone model, carrier, storage option, condition of your product and then it will search on various sites and display all results on one place.

Apple
U.S. customers can take advantage of Apple’s trade-in program where iPhone can be traded for credit towards Apple Inc. (NASDAQ:AAPL) gift card. But you can take advantage of this program only if your iPhone is in really good condition, and it should come with all iPhone accessories. You can get approx. $335 for iPhone 5 16GB which is in good condition.

Also many carriers have programs where you can trade-in your old device in exchange of new one, but for that you’ll need to check with your existing carrier. This method can only be used once the new device (iPhone 5S and iPhone 5C) is launched and available with your carrier.

So that’s how you can get the most price out of your iPhone. If you know about any better option then post them in the comments below.