Trade-In iPhone 5 for £35/£45/£50 profit @ CEX (16GB = £565 cash, 32GB = £645 cash, 64GB = £750 cash) * Prices Increased!
641°Expired

Trade-In iPhone 5 for £35/£45/£50 profit @ CEX (16GB = £565 cash, 32GB = £645 cash, 64GB = £750 cash) * Prices Increased!

90
Found 25th Sep 2012
Further to my deal posted on the starting date for pre-orders, CEX have now INCREASED their trade-in prices for the iPhone 5.

I know I was pushing at trolling Apple fans on the previous thread, but all jokes aside, this is now an excellent deal. Previously it was £10/£15 profit, now it's £35/£45/£50 profit.

CEX are offering the following:
---------------------------------------------

16GB Grade A: £565 cash (Any Network)
32GB Grade A: £645 cash (Any Network)
64GB Grade A: £750 cash (Any Network)

These prices are presuming your phone is still in Brand New condition, presuming that the majority of people can't have damaged their phones that much in less than a week.

Grade B prices are lower, but still generate a profit for the 16GB and 64GB models.
16GB Grade B: £540 cash (Any Network)
32GB Grade B: £580 cash (Any Network)
64GB Grade B: £715 cash (Any Network)

Grade C prices will lose you between £30 and £50 on Apple sale prices, but surely you can't have messed up a phone to that extent within 5 days?


Who is this a deal for?
-------------------------------------
The previous deal was used by people who purchased and decided they didn't like the phone.
People who receive these as unwanted upgrades on contracts. Forget eBay/Paypal with their £50-£60 fees, sell it straight to CEX.
People who already own an iPhone: sell to CEX and pre-order another from Apple for delivery in a few weeks.
Those who might have damaged their phones a bit in the first week to a B grade can sell and then re-buy a brand new one from Apple for a small profit and a 3 week wait.
Those who have a phone on a contract: sell your locked phone to CEX and buy a factory unlocked one from Apple instead, a free unlock, brand new phone and £35-£50 profit in the process. This improves resale value as you will have an unlocked phone with an Apple receipt.


Tips
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I doubt this will last long, so get in quick! If you place a Sell order online, bear in mind you will have to pay a bit for the insured postage, but the price will be reserved for 5 days if they do drop the prices.

If you plan to sell instore, I still recommend creating a Sell order on the website. If you get into the store and they have dropped the price by £50, you still have the option of selling online. Insured delivery services to this value will always be next day with Royal Mail, so you have 3/4 days from the creation of the order to ship it to still guarantee the price.

If selling instore, aim to get in at opening time. The phone has to be tested, if others get there before you and they have a back-log of phones/consoles to test, you might be given a 2-7 hour wait or even asked to come back the next day at peak times. The price you get paid will be the current price once testing has been completed, so if the prices drop, there is nothing you can do. At opening times, I've been told and by personal experience, they are more likely to have cash for you.

Sell quickly! They will likely have a trigger to drop the price once they have so many in stock. also, this is the second time they have changed the prices, so they might change their minds again fairly soon: it depends on how many people buy and how many sell.

Goodluck!

Just one request: please don't let this deal be flooded with arguments between Android/Samsung and Apple.

90 Comments

Original Poster

iPhone 5 16GB

Black
White


iPhone 5 32GB

Black
White


iPhone 5 64GB

Black
White

Edited by: "pete1993" 25th Sep 2012

Getting rid of Iphone, hot!

I wonder if scuffgate will work in CEX's favour, giving them licence to offer a grade B price?

I'm struggling to figure out how this is a good deal for CEX?

Why are they doing this.

Sure iPhone releases of the past have generated some profit through selling on eBay in the first few days / week or selling to countries who don't have Apple Stores but iPhone availability is better on this release than most past releases and it is being launched in more countries than ever.

they need now or buy from apple and wait

Original Poster

oldskoo1

I'm struggling to figure out how this is a good deal for CEX? Why are … I'm struggling to figure out how this is a good deal for CEX? Why are they doing this. Sure iPhone releases of the past have generated some profit through selling on eBay in the first few days / week or selling to countries who don't have Apple Stores but iPhone availability is better on this release than most past releases and it is being launched in more countries than ever.



They have sold nearly all of the iPhone 5's they bought in on the previous prices of £540 buy and £595 sell for a 16GB within the first few days after release. They had about 15 in on the first day and sold nearly all of them at the selling price of £595... Because they were selling out so fast, they upped the sale price. Today they've increased the prices to these. They will no doubt still make a profit because of the very small minority of people who will pay stupidly high to get the phone now rather than in 3 weeks.

Sort of annoys me as my iPhone 5 came out of the box with scratches and I've already lost £75 because CEX will grade it as a class b product.

Oh we'll roll on my replacement next week hopefully no chips or nicks out of that one.

There obviously is a market for it then

I'm surprised by the tiny margin they even bother doing it on such a small volume

But maybe they benefit in other ways

you cannot walk into Apple Store with old dvds/games/consoles/phones etc... and trade them for an iPhone can you, thats why CEX are buying in for more and why people will pay more because its with laying around the house goods, goods that will more than double what CEX paid/traded for..

its a long term thing.

oldskoo1

I'm struggling to figure out how this is a good deal for CEX? Why are … I'm struggling to figure out how this is a good deal for CEX? Why are they doing this. Sure iPhone releases of the past have generated some profit through selling on eBay in the first few days / week or selling to countries who don't have Apple Stores but iPhone availability is better on this release than most past releases and it is being launched in more countries than ever.

What if they are selling those in markets where iPhone 5 hasn't been released yet. Surely there's a market willing to pay more than the RRP to get hold of it and to avoid the waiting time

Good point jough

Just thought it was more logical to trade your old stuff anyway and use the proceeds to buy an iPhone from an Apple Store once it has all calmed down.

I've actually got near £600 in store credit vouchers collected over the year - could be time to use them.

Original Poster

sreve24

I've actually got near £600 in store credit vouchers collected over the … I've actually got near £600 in store credit vouchers collected over the year - could be time to use them.



It's the best time if you want to trade the vouchers out for cash, you won't get any better than 90% cash value.

The O2 shop in Cleveleys has 3 64gb in stock. You mean I could go and buy them on PAYG then take them to CEX for profit? Why would they pay more than RRP when they're still available in some places?

It is very unlikely CEX stores will give you that much cash. Most never seem to have cash, or only have cash when they are interested.

Original Poster

giorgoXXI

It is very unlikely CEX stores will give you that much cash. Most never … It is very unlikely CEX stores will give you that much cash. Most never seem to have cash, or only have cash when they are interested.



Hit them at the right time and you shouldn't have a problem, aim for opening times. If all else fails, just post it to them instead, they can't reject it on the basis that they don't have the cash as it's the online store and payments are being made via Bank Transfer and Paypal.

I have also been told that CEX staff are under orders to give iPhone 5 purchases higher priority because they are making a quick £60-£90 off each one. oO

Cool, might take mine white one in stead of sending it back to Apple.

lhurren

The O2 shop in Cleveleys has 3 64gb in stock. You mean I could go and buy … The O2 shop in Cleveleys has 3 64gb in stock. You mean I could go and buy them on PAYG then take them to CEX for profit? Why would they pay more than RRP when they're still available in some places?



They will be for contracts only.

A lot of stores have stock but not PAYG stock.

i wouldnt lower myself to have some cex scrote tell me its not new even though its sealed tell me they have no cash etc etc coz thats what will happen

pete1993

Hit them at the right time and you shouldn't have a problem, aim for … Hit them at the right time and you shouldn't have a problem, aim for opening times. If all else fails, just post it to them instead, they can't reject it on the basis that they don't have the cash as it's the online store and payments are being made via Bank Transfer and Paypal.I have also been told that CEX staff are under orders to give iPhone 5 purchases higher priority because they are making a quick £60-£90 off each one. oO



When you do it online, you are at their mercy. They can easily say it is a Grade B phone even if it doesn't have a mark on it, and by the time you factor in the cost of RM Special Delivery, it is not worth it.

If its true though that they are giving iPhone 5 purchases priority then it might be worth a shot.

quezi

And you thought the Cex sell-on prices were high? (_;)



lol, locked to 3 and o2 nano sim included.

COLD!

Seeing as CEX can't even grade phones properly, since when is a new phone missing one leaflet from the box a Grade C?

(As much as i'd love to vote hot, my hate for CEX is far greater than any silly niggles i have against applefags)
Edited by: "Mikuru" 25th Sep 2012

Good luck finding a CeX which has that much cash to give you.

Original Poster

giorgoXXI

When you do it online, you are at their mercy. They can easily say it is … When you do it online, you are at their mercy. They can easily say it is a Grade B phone even if it doesn't have a mark on it, and by the time you factor in the cost of RM Special Delivery, it is not worth it.If its true though that they are giving iPhone 5 purchases priority then it might be worth a shot.



I've never had a problem with CEX online gradings.

I think the majority of the complaints come from people who over grade their phone themselves and then are annoyed when it's graded appropriately.

I don't get it, carphone warehouse are selling the 32gb version sim free for £599.Buy on a suitable cashback credit card and use quidco and you've made even more. How do CEX stay in business?

False advertising by CeX, Crafty goths work at stores. Crap customer services. You can never get your money back if something goes wrong. I had to take them to court once before to get my money back few years back because a PC component wasn't compatible with my PC even though on the box it said it would be. They refused to give refund so I filed a Small Claim.

Looks like Cex will be in administration soon

CEX giving profit to people on iPhone 5 because they are selling them to outside uk companies mainly middle easy countries where this phone has not been intoduced officially by Apple.The people over there buying this phone which is £530 here almost in £700.yeah it's true...and as your veryone aware of the fact Apple sell two phones per customer.CEX are planning to gether these iPhone 5 after giving some incentives to it's customer who bring them their iphone 5 mobile phones...Yeah it's both good for the customer and the company ...Nice find ...

I'm not going to be an iPhone sheep.

Ill buy a Galaxy S3 instead. Yeah, then I'll be really different. Wow, that will be some statement.

Poor apple.

Why is a CEX staff member posting this?

Mikuru

COLD!Seeing as CEX can't even grade phones properly, since when is a new … COLD!Seeing as CEX can't even grade phones properly, since when is a new phone missing one leaflet from the box a Grade C?(As much as i'd love to vote hot, my hate for CEX is far greater than any silly niggles i have against applefags)



Staff prob wanted it for him self with discount. Wasn't long ago that some Manchester staff where booking in iPads under a different code which they created on system but set for less trade in values. They would then refund it out and sell it in under correct code and pocket difference. Few shops got court doing this

Original Poster

highstx

Why is a CEX staff member posting this?



Your crystal ball is broken... no, I don't work for CEX.

Original Poster

highstx

Staff prob wanted it for him self with discount. Wasn't long ago that … Staff prob wanted it for him self with discount. Wasn't long ago that some Manchester staff where booking in iPads under a different code which they created on system but set for less trade in values. They would then refund it out and sell it in under correct code and pocket difference. Few shops got court doing this



Similar happened with the iPad 3 launch. CEX had a similar pricing strategy to the iPhone 5, along the lines of £400 buy and £430 sell. Can't remember the exact figures, but CEX staff were using their staff discount to buy them cheaper than the trade-in cash value and re-sell for a profit, repeating numerous times. I know a few were sacked for that one..

Didn't hear about anything in Manchester though.

it was when stores could add products to the system manually that where not already on the system, like peripherals a couple of franchise stores caught up in it and corp stores, and arndale was one that was mentioned to me. Another scam that was rife was skimming.

some takes loads of dvds in, staff skims a couple and misses them of the trade in, then waits and process missing ones and pockets the cash/voucher cex did a big clamp down on it, but still goes on

I was going to trade my iPhone 5 in but some cotton wool fell onto it an chipped and scratched it.

ewinslet

I was going to trade my iPhone 5 in but some cotton wool fell onto it an … I was going to trade my iPhone 5 in but some cotton wool fell onto it an chipped and scratched it.

hand.t realised the quality of the new ip5 had lowered to the s3 build, and job's replacement had said how quality it was, will stick to my ip4 still going strong after 2 years and many droppings
Edited by: "whatyadoinsucka" 26th Sep 2012

DEALS4EVA

I'm not going to be an iPhone sheep.Ill buy a Galaxy S3 instead. Yeah, … I'm not going to be an iPhone sheep.Ill buy a Galaxy S3 instead. Yeah, then I'll be really different. Wow, that will be some statement.



love it - so true also..around half my office are iPhone haters..claiming they don't want to be a sheep and to buy it just because it's an iPhone. Almost all of them now own an S3 and more are buying by the week..not one of them realises the irony there!

Anyway this looks like a good deal in theory - my problem would be trusting CEX. They never seem to have that much cash in-store (*always* offered their worthless vouchers) and mixed results from their online service. I wouldn't risk that much cash personally.
Edited by: "Spud211" 26th Sep 2012
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