With the release of the iPhone 6, a lot of people will be trading up. Here's how to get the most money from your old iPhone.

It's all about timing. When a new iPhone comes out, your current one starts losing value. According to uSell.comjust two weeks after the new iPhone release, old iPhones lose 11% of their value. After four weeks it will lose 15%, at week 7, it will lose up to 21%. If you're going to get the iPhone 6, do it sooner than later.

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