Apple is expected to announce the new iPhone 5, along with possibly an iPad Mini, at an event on September 12. If you’re going to purchase the latest and greatest iPhone, now is the time to sell your old one. Seriously.

To lock in the highest price for your iPhone and get this, keep your old one until the new one arrives, Gazelle, has announced an offer to help consumers sell their old iPhones without having to ship them in until after they get the new iPhone set up.

Gazelle allows sellers of old electronics to send them in for cold hard cash. And now’s the best time to do so with big spikes in customers gearing up to get something in return for their soon-to-be outdated iPhones.

According to Gazelle, prices for iPhone trade-ins drop once new iPhones are officially announced. So today they introduced a handy tool for iPhone owners only.  People who chose to sell their iPhone between August 20 and August 31, locking in the current resell price, won’t have to ship it to Gazelle until October 1. This allows you to get your iPhone 5 up and running before you have to turn it over to Gazelle.

Gazelle makes it so easy to sell your old iPhone, sending sellers a free shipping kit for sending in old gadgets.

I took advantage of this offer, locking in an excellent $290 sale price for my 16GB iPhone 4S. At that price, purchasing a subsidized iPhone 5 for $199 will net me a nice little profit. Not bad.

Now I play the waiting game, hoping Apple does indeed announce the new iPhone soon, getting me a new device and a couple dollars from the sale of my old one.

[Gizmodo]

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