Best Places to Buy a Used Phone

Buying a used phone doesn't have to be overly complicated or stressful.

The used phone market is an iceberg; you can only see the tip sticking out of the water, but it goes far deeper than you can imagine. This bears out in a recent Deloitte report that claims the used phone market grew to 120 million units in 2016, generating $17 billion for their owners. That number is only going to get bigger faster: IDC believes that by 2020, over 220 million used devices will be sold or traded annually.

That's a lot of gear, and similar to how a new car loses its value once it's driven off the lot, phones immediately become cheaper once they're removed from the plastic wrap. For a seller — even one who treats his or her phone with the utmost care — that can be problematic. For a buyer, though, that becomes an opportunity to pick up a gently-used device for a great deal.

Things to consider before you buy a used phone

We've written of the most important considerations you need to take into account when buying a new phone — do a visual inspection if possible; always purchase from a reputable seller; be patient; be aware of carrier locks or other roadblocks; look into insurance, especially if the phone is out of warranty — but there are a few other things to think about.

The first is what kind of used phone you're looking to buy:

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