Can I sell my upgraded phone?

marleneb1

I've just been upgraded by Sky to iPhone 12 and the phone is free with only £5 increase in contract monthly bill. I'm absolutely skint and in debt. Can I sell this phone? It would help so much. Any advice gratefully received.

matelodave

TBH if you are as skint as you suggest you'd be better off not paying £5 a month extra on what is probably a reasonably expensive contract but reducing your outgoing by getting cheaper Paygo sim and using it with your existing phone.

The way to get out of debt is to reduce your outgoings, not increase them. I'm sure that the extra £5 a month could be more usefully and helpfully spent on paying down other debts or towards food, rent or utilities rather than a posh phone

Paying an extra £5 a month to flog the new phone and then squandering the proceeds is less likely to help your cashflow than getting a better deal and reducing your monthly outgoing by £10, £20 or even £30 a month.   Just my opinion you understand but paying extra for short term gain is only likely to get you further into the mire as you'll still need to keep paying although you won't have the phone anymore. You'd be pretty upset if the exiting phone developed a fault and you still had to pay for a shiny new one for another couple of years.

The way to get out of debt is to reduce your outgoings, not increase them

Browntoa

Yes you can sell it 

Grumpy_chap

This seems a very odd question from the OP.
It seems as though the OP's idea is to buy an expensive new phone on credit at retail prices and then sell via an online platform for below retail price.
I cannot think of a more complex way to lose money - maybe if the OP does this regularly, that accounts for their status as "skint".

Maybe the OP should set out what deal they have been offered in full and compare that with a similar deal SIM-only to keep their current phone as the OP needs to understand the true cost of this new iPhone across the contract term they are signing up to.  The idea of a "free" phone for "only a £5 increase in monthly bill" is, of course a complete oxy-moron.

Jon_01

Yes, you can sell it.  But, if you're as short of money as you say, if you stop paying the bill Sky will blacklist the phone and then whoever you sold it to will want a refund...

molerat

It is the idea that "the phone is free" that always amazes me ! Looking at their website there is no up front cost - maybe that makes it free ! - but it costs £35 per month before you add a use contract making the phone £840.  Maybe a SIM only of £10 for 10GB keeping the old phone would be a better idea.

macman

You've just increased your debt by £840 with your 24m upgrade contract....

ballyblack

there is no such thing as an 'upgrade', tt will be another contract usually more expensive than the first one!

Tokmon

marleneb1 said:

I've just been upgraded by Sky to iPhone 12 and the phone is free with only £5 increase in contract monthly bill. I'm absolutely skint and in debt. Can I sell this phone? It would help so much. Any advice gratefully received.

You best option would have been to keep the phone you had and reduced the contract to a cheap sim only deal and you would have saved more money in the long run. Bad financial decisions like this are the reason you are "skint and in debt".

A_Lert

If it's not too late, use the cooling off period to cancel that new Sky contract. If your old contract had expired, keep your current phone and switch to a good value Sim only plan, with the right amount of data for you. But do check what signal it uses and use Ofcom's coverage checker. (Sky Mobile use O2's signal which means O2, giffgaff, Tesco, TalkTalk, and Lycamobile will all have exactly the same signal.)

macman

'I've just been upgraded by Sky to an iPhone 12'  I've just asked Sky to upgrade me to an iPhone 12.

It wasn't your decision then?