Are you planning to off load your old iPad to get your hands on the new iPad 2? We’ve been trawling the internet to see how the second hand market reacted the news of a new iPad 2. And we got some tips on achieving a decent price for your iPad.
Now Apple announced that if you bought a new iPad within the last 2 weeks you are entitled to a £100 rebate – not ideal if you picked on up outside the 14 day limit – but what about if you picked on up when they first came out?
According to eBay's Instant Sales, 22,000 iPads have been offered on the site. 7,100 alone posted after the iPad 2 announcement. Obviously further pushing down the second hand value you can expect to achieve.
Many analyst predict that the market price of the original iPad has now stabilised for the time being. And they expect that it will remain constant, during the week leading up to March 11 – the US release date – Europe is a 2 weeks later on 25 March.
If you wait until after the March 11 release date you’re likely to see a further reduction in market prices. Advice from suppliers is for the consumers is to try and "lock-in" prices before March 11 release date.
American second hand sellers Gazelle estimated that in the first hour, following the iPad 2 announcements, over 2000 users visited their site to start the trade-in process. By comparison, the day prior to the announcement, saw 10 "Used iPad" units traded in for the whole day.
But this is of course a double edged sword as the new secondary market is a great opportunity for users, seeking the means of obtaining a "Used iPad" well below the $400/£300 mark.
So if you going to trade your iPad in then you need to move fast – the market value has dropped, but if you wait until after the 11th then you’re going to lose even more money – we reckon you’ll be doing very well if you get £300 for the 16 GB Wi-Fi version – but expect to see offers in the range of £250 depending on its condition and of course that you’ve still got the box and all the accessories.
Let us know if your selling your iPad, what price you’ve been offered and where you got the quote from.