How to Save Money by Buying a Refurbished iPhone

Apple’s iPhones are undoubtedly some of the best smartphones available on the market today. While they share the same fragile screen that most smartphones sport, they are otherwise quite durable and are easily repairable. Since the iPhone is popular and has longevity on its side, but also comes with a high price, especially when new, it’s no surprise that there is an extremely healthy market for refurbished iPhones.

Whenever Apple releases a new line of iPhones, millions of their consumers round out their smartphone life cycle by upgrading to the newest model and getting rid of their old iPhones. We have guides on how to sell your smartphone and how to sell your iPhone specifically, but what if you’re looking to buy?

You could always take your chances buying directly from another individual, but it’s less risky to buy a refurbished device that comes with a warranty. That way, if something goes wrong with it, you have some chance of getting a replacement or a refund. We’ve looked at refurbished electronics before, but today we’re going to examine how to buy a refurbished iPhone.

What is a refurbished iPhone?

Product RED iPhone 7 and 7 plus

Because the term refurbished covers a lot of different scenarios, it’s important to take your time and understand what you’re buying. A refurbished iPhone is an iPhone that the manufacturer or a trader has tested and repaired where necessary. It should come with a warranty, but it may not have the original packaging or accessories, and it might have some signs of cosmetic damage.

Some refurbished iPhones will be devices owners returned because there was a fault or simply because they decided they didn’t want them. Others will have been used and then sold by the owner, perhaps to raise funds for a newer model.

To help buyers understand the difference, a grading system is often used. The precise meanings may differ from manufacturer to manufacturer or trader to trader, so read listings carefully. Here are some generally accepted definitions:

  • Grade A — Near mint condition, so the iPhone should look like new.
  • Grade B — Minor cosmetic damage, such as light scratches, or small chips.
  • Grade C — Looks used, with clear signs of wear.

Best places to buy

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You can find deals on refurbished iPhones at a wide variety of retailers and carriers. There are also many online services that buy used iPhones and refurbish them for resale. You can also buy refurbished iPhones directly from Apple now in some countries, including the U.S.

Here are some of your top options, with our thoughts on the pros and cons.

Buying a refurbished iPhone from Apple

Where better to buy your refurbished iPhone than Apple itself? Every handset is fully tested and in working order. They come with a new battery and a new outer shell, in a fresh white box. You get a 12-month warranty and Apple support is generally excellent if you should run into any problems. You also have the option of going into an Apple Store.

The downside to buying from Apple is the discounts tend to be quite shallow. You may only be saving $50 compared to a new device.

Buying a refurbished iPhone from a big retailer

Big stores like Walmart and Best Buy offer a wide range of refurbished iPhones, and they tend to offer deeper discounts than the manufacturer. The iPhones they sell are fully tested and usually come with a cable and charger, but there’s no battery or outer shell replacement like Apple offers, so expect scratches and other signs that the device has been used.

A 12-month warranty is standard, but it may be provided by a third-party. You can sometimes get further discounts for picking your iPhone up from a local branch. That may also prove handy if you need to return it for any reason, but check the terms of the warranty to make sure you can take it back to the store where you bought it if something goes wrong. For example, Best Buy uses CCR Warranty and you’ll have to contact them about any issues.

Buying a refurbished phone from an online service

There are various services online like Gazelle, Decluttr, and Back Market that buy iPhones from people, refurbish them, and then resell them. You’ll often find bigger discounts here than the manufacturer or big box retailers will offer, but all iPhones are shipped and these services lack physical locations you can visit.

They all fully test iPhones and offer some details on the condition of the device you’re buying, but the specifics of their terms differ. For example, Decluttr offers a 12-month warranty and Back Market offers 6 months. With Gazelle, you get 30 days to change your mind and return postage is covered.

Buying a refurbished phone from your carrier

Carriers tend to prefer the term “certified pre-owned” for their refurbished wares, but they amount to the same thing. They fully test used iPhones and repair them where necessary. You’ll get a charger with each one, but there could be signs of wear and tear.

The discounts aren’t generally that good unless you go for an older device. There might be certain incentives and discount offers for existing customers and you can potentially pick up and return devices in store. Warranties are usually limited to 90 days.

Buy a refurbished phone from a third-party repair shop

All across the country are thousands of independent and franchised phone repair shops. Almost all of them count on used phone sales as part of their essential business. If you’re looking to support a small business, call your local phone repair store (check those Google or Yelp reviews) and ask about buying a refurbished iPhone. The best shops will offer a solid warranty and return period on your new device.

Best time to buy

Most people sell their old iPhones when Apple releases new iPhones and that’s in September every year. You’ll likely find the best deals between August and October. Lot’s of different factors impact the prices, which fluctuate daily, so it’s worth shopping around and doing your homework to find the best deal.

Always check the warranty

Considering things like pricing and condition is important when purchasing a refurbished iPhone, but you also need to find out about the warranty. You should be able to return your refurbished phone or get a refund if you run into issues with your purchase. If possible, choose a phone that comes with a one-year warranty. Take the time to read the warranty to get a better idea of what it covers and who will repair or replace the device. It’s important to know if you should reach out to the seller or manufacturer if you run into a problem with your phone. You also need to know if the warranty covers things like theft or accidental spills.

Keep in mind that even when you can return the iPhone for a replacement or refund, it will likely be your responsibility to pay for postage. It’s also a good idea to look up reviews and ratings for the merchant you want to purchase a refurbished phone from. Reading reviews will help you make sure that other shoppers have had a positive experience with this seller. Look for reviews that specifically mention customer service.

You should have a better idea of what to look for when shopping for a refurbished iPhone. Then, it’s happy bargain hunting.

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