Is iPhone pre-cycling the next big thing?

 

There's a new phenomenon taking place ahead of this year's iPhone launch and it's called pre-cycling. We take a look at what it is and why you might want to do it.

You're probably already familiar with recycling as a good way to gain back some of the money you initially paid out for your iPhone, but did you know you can also pre-cycle?

Despite not being available yet, Mazuma Mobile is already offering cheques or vouchers in exchange for an iPhone 6s or iPhone 6s Plus - good news if you've changed your mind on an impulse purchase and can't return your new iPhone. 

So how much can you get for an unreleased iPhone? Though not the full amount, as you can see from the table below, you can get back roughly 64% of the recommended retail price.

 

iPhone Model

Mazuma Mobile's price

Apple's RRP

iPhone 6s 16GB

£350

£539

iPhone 6s 64GB

£400

£619

iPhone 6s 128GB

£450

£699

iPhone 6s Plus 16GB

£400

£619

iPhone 6s Plus 64GB

£450

£699

iPhone 6s Plus 128GB

£500

£789

Prices shown are for cheque payments for unlocked iPhone 6s or iPhone 6s Plus and are correct on 22/09/2015

 

Why pre-cycle?

Buyer's remorse

Not loving your new iPhone? Don't worry, we understand...sort of. Everyone has at some point made an impulse purchase that is later regretted. But all is not lost. If you change your mind you can simply return your phone to your network within the agreed time for a full refund.

To make money

Why would someone want to part with an unreleased iPhone? Good question. Mazuma Mobiles prices start from £350 for a new 16GB iPhone 6s and range up to £500 for the 128GB iPhone 6s Plus. Significantly lower than Apple's RRP, so as an investment this doesn't really work.

We're all familiar with listings websites, like Ebay and Gumtree, where you can trade your personal belongings for cold hard cash. And if you're regretting your latest iPhone purchase this could be a good route for you particularly if you happen to have one of the scarcer models like a 64GB Rose Gold 6s, as listings are already appearing in excess of £1000 for the latest 6s models. 

As a loan

From our industry insiders we have heard tales of customers who have purchased iPhones on contract, sold the new phone, kept their old one instead and had £400 in their pocket. While this may seem like free cash as a rule the contracts offered on new iPhone deals are going to be expensive.

Also iPhones, unlike some other handsets, are not subsidised by the networks so you'll often be paying a higher than retail price for your phone. For example a 64GB iPhone 6s on O2's network will set you back £729 over the course of your contract.

All in all pre-cycling your iPhone shouldn't be viewed as an investment opportunity. But if you are keen to part with your new shiny iPhone 6s, and can't return it for a refund, it will at least get you some of your money back. 

 

Are you pre-cycling your iPhone? Tell us your experiences in the comments below.

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