Wondering how to pawn a cell phone in 2017? Pawning a cell phone is a great way to get instant cash in hand for your phone instead of waiting for a buyback company to send money to you.
If you found this post in the process of looking for information on how to pawn your cell phone as collateral for a cash loan, we will tell you all about how that works. If you were looking for information on how to sell a cell phone to a pawn shop outright for cash without a loan involved, we will also help you with that.
If you’ve never pawned a cell phone, we need to tell you a few things that will help you get the most money possible for your phone with minimal hassle.
We will break down what you should expect when you begin the cell phone pawn process, as well as tips on how to pawn a cell phone in 2017 so that you get the most value out of the transaction.
Want to get started with pawning your cell phone right now? At PawnGuru, we make the pawning process convenient and easy, even if you are a first-time pawner. There’s no need to feel intimidated—this process is quick and easy.
Sign up for PawnGuru for free, post your cell phone (or smartphone) for sale on our site, and watch your local pawn shops bid on your cell phone today. There is no obligation on your part.
The preparation of pawning your cell phone is actually more work than pawning it. Can you believe that? Fortunately, pawning or selling your cell phone is easier at a pawn shop—and it takes less time than the more well-known methods of selling a cell phone.
Please note this post applies most specifically to smartphones. If you’re trying to pawn an old school flip phone and such, you can still try to pawn it, but you won’t get as much money. Keep in mind that the functionality is also different from what is discussed below.
How to Pawn a Cell Phone in 2017 Effectively: Prepare
1. Get to Know Your Cell Phone
If you want the largest chunk of cash possible for your cell phone, take just a couple extra minutes to become acquainted with the exact type of cell phone you have and its features.
This might sound trivial, but it is actually crucial for getting the best offer.
- Find out the model. Is your iPhone the 5 or 5c? The Galaxy S7 or S7 Edge? This makes a difference in terms of value.
- Know your carrier (e.g. Verizon). The offer you get for your cell phone can be more or less depending on what the carrier is. It might sound crazy, but it’s true.
- Know your cell phone’s storage limit. 16GB will get you a smaller offer than 64 GB or 128 GB. Check the surface of your cell phone for any damage or wear and tear.
2. Learn the Value of Your Cell Phone
Check out our cell phone pawn prices data and keep this price range in mind when you go to pawn your cell phone. The following articles display the average cell phone pawn prices by brand and generation:
3. Back Up & Wipe Your Personal Data
If you want to know how to pawn your cell phone in 2017 in the safest way possible, make sure to back up your personal data and then wipe it off your phone. By personal data, we are referring to files, contacts, music, movies, photos and apps.
Back up your data elsewhere for your future cell phone using an external hard drive or computer. You don’t want to lose all your contacts, media and apps!
For iPhones, connect your phone via USB to your laptop and open iTunes. Sign in with your Apple ID (or other ID) in iTunes on the computer, then go to File>Devices>Back Up.
If you don’t have an iPhone, note that the method for backing up data may vary from cell phone to cell phone. Perform a quick Google search for the instructions for your specific phone. It’s simple!
Wipe all this data afterward by performing a factory reset (instructions below). This is important if you don’t want to be a victim of identity theft or have anyone else’s eyes on your personal data.
4. Disable “Find My iPhone” or “Device” & Restore Factory Settings
When you disable “Find My iCell phone” (or “Find My Device” for Android), this may actually increase the value of the cell phone you’re pawning.
To disable Find My iCell phone, go to Settings>iCloud>Find My iCell phone. Disable that feature using the toggle.
Perform a factory reset on your cell phone to wipe your phone clean of your personal data. To do this, go to Settings>General>Reset>Erase All Content and Settings.
5. Unlock Your Cell Phone
Since unlocked cell phones typically get the highest offers, you might try to unlock it prior to selling or pawning it. Follow these instructions from Apple for unlocking your iCell phone.
6. Gather Any Original Components
If you have any of the original boxes, manuals, charger, USB that came with your cell phone, include those with your cell phone in the transaction. This could get you a better offer.
How to Pawn Your Cell Phone in 2017 for the Most Cash
1. List Your Cell Phone Online
Use PawnGuru to list your cell phone for sale online so that only your local pawn shops can see it. This is free and only takes a couple of minutes.
Choose “sell” or “pawn” depending on what your goal is.
- Pawning your cell phone will require you pay the pawn shop back within a certain timeframe to get your phone back after they hand you money for it.
- Selling your cell phone will allow you to sell the phone for cash and be done with it for good.
2. Receive Bids from Pawn Shops
Once your cell phone is listed on PawnGuru, you’ll start to see local pawn shops bid on your item promptly. You’re not obligated to accept any offers, but you can get great deals from these shops.
Now that you know how to prepare your cell phone for pawning or selling, you are equipped to get the best cash offer possible.
3. Get Cash in Hand
After you accept an offer from a local pawn shop, bring your cell phone to the pawn shop and get cash in hand the same day.