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Many iPhone 7 Plus owners face a dilemma: should they keep their device or sell it now? Understanding the costs involved can help make an informed decision.
The Benefits of Keeping Your iPhone 7 Plus
Keeping your iPhone 7 Plus might seem economical initially, but there are hidden costs to consider. These include potential repair expenses, limited software support, and reduced resale value over time.
Repair and Maintenance Costs
Older devices are prone to issues such as battery degradation, screen damage, or hardware failures. Replacing a battery or fixing a broken screen can cost between $50 and $150, depending on the repair shop and parts.
Software Support and Security
Apple typically provides software updates for iPhones for about 5-6 years. The iPhone 7 Plus, released in 2016, is nearing the end of official support, which could expose users to security vulnerabilities.
The Financial Benefits of Selling Your iPhone 7 Plus Now
Selling your iPhone 7 Plus can provide immediate financial gain, which could be reinvested into a newer device or other needs. The resale value varies based on condition, storage capacity, and market demand.
Estimated Resale Value
As of 2024, a well-maintained iPhone 7 Plus can fetch between $50 and $150 on resale platforms like eBay or Swappa. Devices in mint condition with higher storage tend to command better prices.
Considerations When Selling
- Ensure the device is reset to factory settings.
- Remove any linked accounts like iCloud.
- Gather all original accessories and packaging.
Comparing Costs: Keep or Sell?
Calculating the total cost of keeping your iPhone 7 Plus includes repair expenses, potential security risks, and the decreasing value over time. Selling it now might offer a better financial position, especially if you plan to upgrade soon.
Conclusion
Deciding whether to keep or sell your iPhone 7 Plus depends on your financial situation, device condition, and future plans. Weigh the ongoing costs of maintenance and security against the immediate cash from resale. Staying informed can help you make the best choice for your needs.