As Apple launches the iPhone 8, the big question for many consumers is how they can afford to get their hands on the latest in cellphone technology.

Head of Core Business at Gumtree South Africa, Claire Cobbledick, says not enough South Africans appreciate how much value there is in their old phones: “the average second-hand smartphone on Gumtree sells for R4,500 which represents a significant subsidy for the purchase of a new iPhone8.”

According to Cobbledick most people tend to upgrade their phone and keep their old one gathering dust in the drawer without realizing that it’s a quick and easy way to make a few thousand Rands back: “No matter how old your iPhone is, there’s someone out there who wants to buy it”.

Over 1 million South Africans visit Gumtree’s electronics section every month searching mainly for smartphones and laptops. Cobbledick says the re-sale price of the individual phone will depend on how well it has been looked after, but she offers a guide to average prices achieved for each of the most recent iPhone models.

Average price of used iPhones on Gumtree

Apple iPhone 7 Plus


 Apple iPhone 7


Apple iPhone 6 Plus


Apple iPhone 6


Apple iPhone 5s


Apple iPhone 5c


Apple iPhone 5


Apple iPhone 4s


Apple iPhone 4


Find out how much you can get for your old smartphone with Gumtree’s handy price checker: