Among buyers and sellers of the iPhone 7 Plus, it is common to ask “How Much Is A Iphone 7 Plus Worth?” In a world that changes every second, calculating the price for outdated gadgets like this one means looking at many things such as where they are right now in terms of quality or quantity (storage), if people actually want them anymore – basically anything could be relevant.
How Much is an iPhone 7 Plus Worth?
In Apple’s line of smartphones, the iPhone 7 Plus remains a standout model for its performance, camera technology and relatively low price on the secondhand market. Even though it’s several generations old, the iPhone 7 Plus still attracts users who want Apple design and functionality without all the bells and whistles — and higher cost — of newer models. In this article, we’ll take a look at what the iPhone 7 Plus is worth now, some factors that affect its price and where to buy or sell one.
Understanding the Value of an iPhone 7 Plus in 2024
Current Market Value
As of 2024, an iPhone 7 Plus is worth anywhere from $50 to $200 depending on certain factors such as condition, storage capacity and whether it’s locked to a carrier or unlocked. Knowing these specifics is key for buyers and sellers in the smartphone market.
Factors That Influence Pricing for the iPhone 7 Plus
A few key factors determine how much you can sell an iPhone 7 Plus for:
1. Storage Capacity
– The phone came in three storage sizes: 32GB, 128GB and 256GB. Generally speaking, more storage means a higher price because there’s more room for apps, photos, videos and other data.
2. Physical Condition
– Cosmetic condition plays a big part in valuing any used electronic device, including iPhones. A phone in mint condition with no scratches or dents will fetch more money than one with obvious signs of wear.
3. Battery Health
– Because it’s older, battery life on this model can be hit or miss. An iPhone whose battery still operates at or close to original capacity will be worth more than one that needs a replacement.
4. Network Lock
– iPhones that can work with any carrier , those that are unlocked, in other words , tend to fetch a higher price because they can be used by more people.
Historical Price Trends
The value of iPhones tends to drop dramatically when new models are released, but after the initial depreciation, the decrease in worth over time slows down. Still, it’s safe to say you’ll get less for your iPhone 7 Plus next year than you will this year.
Where to Buy or Sell an iPhone 7 Plus
Selling Your iPhone 7 Plus
If it’s time for you to sell your iPhone 7 Plus, consider these options:
1. Online Marketplaces
– eBay, Craigslist and Facebook Marketplace are go-to websites for selling used electronics because they have a large audience and facilitate sales between individuals. Just be careful about payment and personal security when transacting with strangers.
2. Trade-In Programs
– Many retailers — including Apple — offer their own trade-in programs that give you store credit or a discount on a new purchase in exchange for your old phone.
3. Specialized Electronics Resale Websites
– If you want a quick and easy process (though you may get slightly less money), try one of these websites that specialize in buying used electronic devices: Gazelle, Swappa or Decluttr.
Buying a Used iPhone 7 Plus
If you plan on buying an iPhone 7 Plus secondhand, keep these tips in mind so you don’t waste your money:
1. Check for a Clean ESN/IMEI
– Make sure the phone has not been reported stolen or is under a financial lien.
2. Check the Device Completely
– Examine the phone, particularly its screen, body, and battery life. Ensure that all features such as buttons and camera work properly.
3. Ask for Proof of Purchase
– Requesting for the original receipt can help verify that it is genuine and establish ownership.
4. Bargain with Comparable Listings
– Check similar listings to see what a fair market price would be before making an offer.
Is iPhone 7 Plus Still Worth Buying in 2024?
Pros and Cons of Buying iPhone 7 Plus
Pros:
– Cheap Price: One of the best things about buying iPhone 7 Plus in 2024 is its affordability.
– Good Performance: The device still performs well for everyday tasks like browsing, social media and light gaming.
– iOS Support: In case you didn’t know already, by now (2024) iPhone 7 Plus may not get further iOS updates anymore which on one hand can be seen as a disadvantage but on the other hand it makes user experience less complicated.
Cons:
– Outdated Technology: It doesn’t have some newer iPhone features like Face ID or edge-to-edge display which might matter to some people who are looking for more modern design aesthetics.
– Battery Life Issues: Potential degradation of battery may require replacement thus increasing total cost of ownership (TCO).
Conclusion
The iPhone 7 Plus still offers a great feature set coupled with performance at an attractive price even after being around for quite some years hence making it relevant for those who don’t necessarily need cutting edge technology. Knowing the market and factors impacting value of used iPhones can enable better decisions when buying/selling any edition of this model.
FAQs
How much is an iPhone 7 Plus worth in 2024?
An iPhone 7 plus can range from $100 to $300 based on the condition, storage capacity, and market demand for older models.
What factors affect the value of an iPhone 7 Plus?
The value of an iPhone 7 Plus depends on a number of factors such as scratches or dents, functionality, storage capacity, whether it’s unlocked or tied to a specific carrier and whether there are newer iPhones available.
Does the storage capacity of the iPhone?
Yes, it does. The more gigabytes (GB), the higher price you can get when selling your used device; for example – models with 128GB or 256GB will cost more than those with smaller capacities like 32 GB.
Is there any effect on the resale price if the color of my phone is different from others’?
Although color preference is subjective but some colors may be more popular in resale markets than others. Therefore; Black or Silver may have slightly higher prices compared with less common colors.
Are carrier locked iPhone 7 Plus models less valuable than unlocked ones?
Unlocked iPhones have higher resale values because they can work with any carrier; thus providing flexibility to potential buyers who may want to switch carriers in future.
How does condition affect worth when selling an iPhone 7 Plus second-hand?
The better shape your phone appears to be in externally such as fewer scratches, slight wear signs etc., also positive feedback from previous buyers on sites like eBay would eventually lead it to be sold at a higher price than if there were obvious physical damages or functional issues.
Should I sell my iPhone 7 Plus privately or trade it in with a carrier/retailer?
It depends on whether you prefer convenience over potentially higher returns; private sales usually fetch more money but require more effort in terms of listing, negotiating and ensuring safe transaction while trading with carriers or retailers offer quick deals albeit at lower prices.
How can I find out what my specific model of iPhone 7 Plus is worth if I want to resell it?
You can check the current selling prices of iPhone 7 Plus models similar to yours on online marketplaces such as eBay or Craigslist. Additionally, smartphone resale websites and apps provide instant quotes based on device specifications and condition.
Is it still worth selling an iPhone 7 Plus if it is several years old?
Older iPhones like the 7 plus will not fetch as much as newer ones however they can still have value especially when well maintained and fully functional so explore your options.
What should I do before selling my iPhone 7 Plus to maximize its resale value?
Before you sell your iPhone 7 Plus, it is recommended to backup your data, wipe all personal information, and reset the device to factory settings. Furthermore, giving clear details with good quality pictures can draw in possible clients and aid higher bargaining power.
