How to Pawn or Sell an iPhone X, XR, or XS

March 02, 2020 - Electronics

The iPhone X was announced on September 12th, 2017 and released on November 3rd, 2017.  It was a powerful new generation of iPhone.

Are you upgrading to an iPhone 11, want to get rid of your iPhone X, or just want a short term loan fast?  You’ve come to the right place. Tim Apple would be proud of your choice to pawn or sell your iPhone X/XR/XS thru PawnGuru.

What specs does the iPhone X have?

The iPhone X is a major upgrade from the iPhone 8. The iPhone X has a slick bezel-less design and no chin, unlike Android phones. The iPhone X has wireless charging and an OLED display screen allowing the dark pixels to get much more dark than any other phone before.  It also scans the user’s face to unlock the phone. The iPhone X was discontinued after only 10 months of production to make way for the iPhone XS and XR.

Why wasn’t there an iPhone 9?

We do not know. We asked Apple, but they said not to ask again, or we’d end up like the iPhone 9. Tough break.

How is the iPhone X different from the iPhone XR and iPhone XS?

The iPhone XS is almost exactly the same as the iPhone X. It is faster though. The iPhone XS has a better camera with higher resolution than the iPhone X. The iPhone XS also has a slightly smaller battery, but uses less power than the iPhone X; this makes the iPhone XS’s battery last longer than the iPhone X.

The iPhone XR is a cheaper version of the iPhone X. All three of the iPhone X, iPhone XS, and iPhone XR have the same processing unit.  The iPhone XR is completely identical to the iPhone XS, except that it has a slightly different design with fewer bezels, and a haptic touch instead of a 3D touch. The 3D touch senses different pressures and changes it’s response accordingly. The haptic touch only senses whether there is pressure to the touch or not.

iPhone XS
iPhone XS

Why should you pawn or sell your iPhone X, XR, or XS now?

If you are going to pawn or sell your iPhone X/XR/XS you should do it as soon as possible. The iPhone 11 was just released on September 20th, 2019.  If you want the most money for your device you should pawn or sell it immediately because it is about to lose value as the iPhone 11 takes over market share. 

You should pawn or sell your iPhone X/XR/XS for several reasons. Perhaps you are upgrading to the iPhone 11, and no longer need your iPhone X/XR/XS. You shouldn’t wait around for years to sell your iPhone X/XR/XS. Perhaps you no longer care to use Apple products and are switching over to Android devices. In that case, you shouldn’t keep your iPhone X/XR/XS hanging around the house. Lastly, maybe you need money today and do not need access to your phone any more.  In that case you should pawn or sell your iPhone X/XR/XS.

Why do phones lose value fast?

Phones do not retain value as well as jewelry or antiques. Phones do not even retain value as long as other electronics, like laptops or TVs. There are 2 major reasons for this.

First, there are a ton of new phones constantly released in a much shorter span than desktop and laptop computers. The iPhone X was released in November of 2017, the iPhone XS was released September of 2018, and the iPhone 11 was released September of 2019. There is a year or less between each of these release dates, and each phone is very similar to the last, but also a major upgrade. The phones do not stay as the current model for more than a year. Laptop computers and TVs do not have as high of a turnover rate as phones. This is a major reason to sell your phone as fast as possible.

Secondly, phones are not built to last as long. Computers and TVs are built to last for several years. Phones are cheaper than computers, and built to last for 2-4 years. Phones are more cheaply built than desktop or laptop computers, and have fewer design features. Apple’s goal is to make you buy new phones as fast as possible, and they are very good at achieving their goal.

iPhone XR
iPhone XR

What is the difference between pawning and selling?

There is a difference between pawning and selling, even though you can do both at a pawn shop. When you are pawning a phone, you are giving it to a pawn shop as collateral for a loan. The loan amount is the value your phone is appraised at by the pawnbroker.

The loan will need to be paid back by a given date that you and the pawnbroker agree on. When you pay back your loan and by the given date, you should expect to receive your phone back.

Selling a phone at a pawn shop is very straightforward. The phone is appraised and you either agree to sell it to them outright for that amount, or you don’t. You have negotiating power, but do keep in mind pawnbrokers tend to keep a good pulse on the current pricing of electronic devices.

Pawn shops are a reselling business so they need to be able to sell your phone for a profit. It is easier for them to buy it from you than it is for them to issue you a loan. You will get more money if you sell it to them than if you pawn your phone.

Do pawn shops want your iPhone X, XR, or XS?

Yes. Pawn shops want your iPhone X/XR/XS. There is a giant market for huge electronics at pawn shops. Pawn shops will pay you for your phone and easily sell it. Your iPhone X/XR/XS is small and valuable, which are the 2 things pawn shops like the most. They like small things because they are easy to store, and they like valuable things because they sell for large amounts.

Your  iPhone X/XR/XS is still very current compared to the iPhone 8 or iPhone 7. This means that the iPhone X/XR/XS would have significantly less wear and be much more valuable to potential buyers. Pawn shops are also aware that the iPhone 11 just came out, which means that potential buyers will flock to pawn shops to try to get an iPhone X/XR/XS. Pawn shops want to be stocked up in order to sell.

What would pawn shops want instead of your iPhone X, XR, or XS?

While pawn shops do want your iPhone X/XR/XS, the pawn shops that want your phone the most will most likely specialize and deal lots of other electronics. Do you have a TV or a computer you no longer need? Do you have a Nintendo Switch, an XBox One, or a nice PS4? Do you have retro video game consoles and games? Bring them in with your phone to get a good deal and more money. Video game consoles are built to last for a long time and will fetch lots of cash from a pawn shop.

How Much Money Can I Expect from a Pawn Shop for an iPhone X, XR, or XS?

The iPhone X/XR/XS are the most expensive generation of iPhones. The average payout from a pawn shop for a pawn loan is around 45-50%, whereas the average sell price is around 60%. This would get you about $450-500 for pawning, or $600 for selling. However, keep in mind that phones become obsolete fast, and might be worn out by the time you bring them into the store. The max payout for an iPhone from 2019 was $600. Depending on the quality and wear of your  iPhone X/XR/XS, expect $600 or less. 

How Should I Prepare My iPhone X, XR, or XS to be Pawned or Sold?

If you want to pawn or sell your iPhone, clean your phone. Clean your phone. Find all of the accessories for your iPhone X/XR/XS. Find the charging block. If you have the box and case it originally came in, that will get your more money. Do a factory reset of your phone. 

To do a factory reset of your iPhone, go to Settings > General > Reset and select “Erase All Content and Settings”.  It will ask you to type in your passcode, then give you a warning that you will erase all your content and settings. Accept, and tap “Erase iPhone”. This will return your phone to factory settings.

Remove your SIM card and keep it. This is your identity card for your phone number. Make sure the phone is powered off. Open up the iPhone, locate the SIM card, and use a SIM card remover pin to remove the SIM card. Keep the SIM card. 

Finally, be sure to turn off iCloud and deactivate Find my Phone.

Your iPhone is ready to pawn or sell.

What is the Fastest Way to Pawn or Sell iPhone X, XR, or XS?

Use PawnGuru. Submit your iPhone X/XR/XS on our submission page. We have a large selection of local shops on our platform that will contact you, usually within 24 hours, to ask to give you immediate cash for your iPhone. Pawn or Sell today!


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