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Summary:

Best Buy is offering Apple’s tablet for $50 less this week, and iPad and iPad 2 values are dropping in anticipation of the iPad 3 announcement in March. But with a little bit of effort and searching, you could find a deal that puts extra money in your pocket.

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Updated. As soon as I saw the Best Buy flyer this past weekend, I knew it was time to sell my iPad 2. The big-box retail chain is offering Apple’s tablet for $50 less this week. That’s great for buyers, but not good for sellers, as values are dropping in anticipation of the next iPad announcement in March. But my son, who’s also selling an original iPad, and I each earned an extra $100 over what we thought we’d get for our devices. Why? Because we didn’t jump on the first offer.

When I’ve sold gadgets in the past, I’ve dealt often with Gazelle: I’ve always received what I think are fair offers and have never had an issue getting paid. But our good-condition devices, a 16 GB Wi-Fi iPad and a 32 GB Wi-Fi iPad 2, were only worth $140 and $240, respectively, to Gazelle. That seemed low to me, simply because people that I know who are looking for used iPads seem willing to pay more. The hunt was on for a better price.

It didn’t take long to do a Google search for the phrase “sell iPad” and find numerous third-party sale options. We could have gone the eBay route, but I prefer a fire-and-forget strategy to get the best price and move on quickly. Various sites were all offering different amounts for used iPads, which I presume reflects a limited market supply coupled with strong demand.

Ten minutes into our hunt, we found a gadget-purchase site willing to give us $241 and $349 for our two iPads. That was the best deal we could find, so we jumped on it and committed to selling our iPads. We have two pre-paid boxes on the way and just need to pack up our slates, drop the boxes off at a local UPS store and wait for our money.

Update: Thanks to reader, Amanda, for pointing out that Amazon’s trade-in program can be used as well. I spent a minute checking (taking me up to 11!) and found that Amazon will offer us even more money: $246.50 and $361.25. Shipping is free and have to send the devices in by March 5. Some readers expressed concerns about the site I pointed out in the post, but I have full faith in Amazon to credit my account for the stated values. Note that reader, Ricky, mentions Radio Shack  as another well paying option with no hassle.

We may not have the proceeds before the iPad 3 arrives, but at least we’ll have more money for our upgrades than we thought. If you’re going to sell your iPad in advance of the next model, I wouldn’t wait much longer if you want to get the maximum value for it. And by all means check the various offers out there for iPad buybacks, which can change daily; a little bit of time and effort could put some extra money in your pocket or towards your iPad 3.

  1. Kevin – I’m legitimately interested to hear how this turns out. The site you found has several things that are red flags to me – especially if you’re going to send them your iPads and just hope they come through.

    On a side note, and for disclaimer, through RadioShack’s Trade & Save program, you could have walked in to any RadioShack store today, right now, and gotten $320 for your 32GB WiFi iPad 2 and $205 for your son’s 16GB WiFi iPad. Not bad, no mailing, etc.

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    1. Ricky, now you have me double-thinking my plan because we have a Radio Shack right down the road… hmmm….. Other commenters have noted similar red flags and bad reviews. I still think there’s merit to searching for the best price, but you’re right in that a site might not be legit and that it’s easy to walk into a local store for less hassle and still get more money than reputable online sites… Thx!

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  2. Let me get this straight – you and your son are going to be able to function without your iPads in the case that they are not available (or you’re unable to secure product) as early as you think? What happens if they’re only available at the end of March? Are your iPads kind of take-it-or-leave it and you’ll have no problems doing without? Or are you that sure (maybe insider information?) that that this will work out? Do you have laptops or something to hold you over?

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    1. I agree. If I sell my iPad 2 then I won’t have any device to use until iPad 3 is released. That could be weeks or months.

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    2. With our laptops, iPhones and my iMac, I think we can live without an iPad for a while.

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  3. what are you gonna use until the next one ships to you?

    it’s much better to wait until you got the new one and then sell the old one, that way you don’t have to sit in the corner crying while gently rocking to numb the pain of iPad-less-existence

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  4. I would sell my iPad if I didn’t win it in a contest. Great find tho. Also, If you want a little extra money, some people like the devices jailbroken. I went to sell my iPhone 3GS before the iPhone 4 launch and I got offered $50-100 more when I told them it was jailbroken and able to be restored to a different firmware(different iOS version).

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  5. This could very well be a scam in that once they get the devices, they offer much less saying that the will only pay whatever for the devices. This type of thing happened with the iPhones when the 4S came out, so who’s to say the same thing isn’t going to happen to you? _Please comment on whether you get the prices offered, or if yoxu got scammed like thousands of other people trying to make a couple etra dollars, but get shafted…. At least on ebay, you are protected with paypal and you could’ve very easily had a “buy it now” button and gotten more…

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  6. This just looks and sounds shifty. A quick google search comes back with some not so awesome reviews. I’ve used both Gazelle and eBay’s Instant Sell options and didn’t have a problem, but as evil as eBay is, at least it doesn’t seem like I’m making a trade in the back of a van in the middle of the grocery store parking lot.

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  7. Amanda Natividad Monday, February 27, 2012

    I’m actually considering selling my iPad 2 to Amazon to get $375 in credits. I figured it would be worth it since I buy most of my necessities from Amazon anyway.

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    1. Amanda, that’s a great idea and works out even better for me than the deal I was looking at. Just for kicks I hit up Amazon (where we’re Prime members and buy lots of stuff from) and the trade-in values for our two iPads are $246.50 and $361.25; best deal yet and I certainly trust Amazon! :)

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    2. Thanks, Amanda for the Amazon heads-up. I just sold mine and will mail it in tomorrow.

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  8. Gazelle always seems low to me. They recently offered me $91 for my Canon 5D which I later was able to sell for $750.

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  9. I just want to bring to your attention hat Amazon is currently offering $375 in amazon credit for the 16 go wifi only version, and substantially more for the 32 gb 3G version.

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    1. Thanks Mike. I’ve updated the post reflect the actual Amazon trade-in values for our iPads.

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  10. Am I missing something? Why not just put it on Craigslist? Seems like you’ve already expended more effort than you would have simply putting up a CL ad and letting the offers roll in. You also would have made at least an extra $200.

    I just sold an iPad 1 16g WiFi for $300. You could easily get $400 for an iPad 2.

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    1. exactly my thoughts

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    2. Yeah… I sold my iPad 1 16gig wifi last week on craigslist for $350 cash.

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