TIME Apple

Apple Is Dumping Old iPhones for Cheap on eBay

eBay iPhone
The eBay Inc. logo and application are displayed on a an Apple Inc. iPhone 5 and iPad in this arranged photograph in Washington on April 25, 2014. Andrew Harrer—Bloomberg/Getty Images

Unlocked iPhone 5 models are selling for $200 less than their original price

If you move quickly and don’t mind older technology, you can buy an unlocked iPhone 5 from Apple for a lot less than its asking price.

As AppleInsider points out, Apple is currently selling “Certified Pre-Owned” iPhone 5 models on eBay. The 16 GB version, in either white or black, is selling for $449, which is $200 off the original price. That’s also $100 cheaper than the current iPhone 5c, which has nearly identical tech specs.

Although the full price for an unlocked phone is more expensive than what you’d get with a two-year contract, you could take the phone to AT&T or T-Mobile and get cheaper monthly service. (Check out our wireless plan pricing guide; paying full price gets you the same discount as AT&T’s Next and T-Mobile’s Jump plans, but without the additional monthly phone cost.)

Apple was also selling the 32 GB iPhone 5 for $479 and the 64 GB iPhone 5 for $499, but those versions sold out rather quickly.

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