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Every year, Apple releases at least one new model in its Mac product line. When this happens, many Mac users will choose to upgrade. Reselling or trading in older models with Apple and other third-party companies is a popular way for many people to reduce the cost of upgrading.
People are willing to pay big bucks for a used Mac if you can check certain boxes. However, the exact value of your used Mac will vary, so here are some factors that can reduce the resale value of your Mac as it ages.
1. The state of your Mac
When you’re selling your Mac, its physical condition plays an important role. The newer your Mac looks, the higher the price you can ask. Even a single scratch can detract from the value of your Mac.
You can sell your Mac for a higher price if it doesn’t have any physical damage, such as a broken screen, torn body, or scratches on the external hardware.
To keep your Mac at its best when you use it, use protective gear like plastic cases, keyboard covers, and screen protectors. When you’re ready to go, clean up your Mac using any of the methods discussed in our Mac cleaning guide.
2. Requirements for your Mac model
Demand for Macs remains high because they are high-end computers. This will give you some hope when you’re planning to resell your Mac, but keep in mind if there’s a demand for the particular model you’re offering.
Older Mac models have lower demand than newer models. For example, a 2017 MacBook Pro is likely to see less demand than a 2020 MacBook Pro, even if the older machine has better specs.
Macs that are no longer supported by Apple are classified as obsolete. Apple products that were released more than 7 years ago are no longer sold. Apple makes these products Vintage products. An older or vintage Mac will fetch much less money.
3. The initial cost of your Mac
Macs are expensive. Some of them cost around $5,000 — even new entry-level Macs cost at least a thousand dollars. This cost factor comes into play when reselling a Mac.
The original cost of your Mac indicates where and how it was purchased. If you bought it new, the resale price is likely to be higher than if you bought a refurbished or used Mac. Keeping receipts will prove your ownership and that your Mac was purchased new.
If you initially spent more for your Mac, chances are it has better specs, which will work to increase its resale value now.
4. Where and how you sell your Mac
To get the best value when reselling your Mac, you need to consider where you plan to sell it. If you plan to trade in with Apple or other third-party companies, you’ll get less for your Mac. These companies will buy it at a lower price because they intend to resell it and make a profit.
You can check the value of your Mac on the Apple Trade In page. Select the Apple product you want to trade in and follow the prompts to check the value.
You’ll get a higher value for your Mac if you sell it directly to another customer. Some of the best places to sell your Mac directly are eBay, Craigslist, and Facebook Marketplace. No matter which device listing you choose, be sure to follow these tips to get the best price when selling your Mac.
5. Economy and inflation
Not surprisingly, the state of the economy will also affect the price you can get for your Mac. Inflation after the COVID-19 pandemic means that the price of goods and services is steadily rising.
When inflation causes prices to rise, so does the price of your Mac, so you can sell it for more money. But that may not mean you’re getting equivalent value for your money.
Different locations have different economies. While you might see really bad deals for Macs in a busy city like New York, you might get a better deal in a place where there are fewer Macs in circulation.
6. Mac updates
Stock Macs are incredible, but you can get more bang for your buck by upgrading some of its features. Depending on the age of your computer, you may be able to upgrade the RAM in your Mac. You can also upgrade your hard drive from HDD to SSD for better speed and reliability.
However, if your machine is old enough to have user-upgradable parts, it’s probably not something people have much interest in buying. Most MacBooks released after 2012 are not available to consumers, and few people are looking to buy a computer from a decade ago.
If you have any of these upgrades on your Mac, it increases the resale value. However, this does not mean that you can make a net profit from them.
7. Price of other used computers with similar specifications
In general, Macs are significantly more expensive than Windows computers with similar specifications. A potential buyer may offer a lower price for your Mac if he compares it to similar Windows computers, but don’t let that price your Mac.
At the time of resale, the availability of these other computers will affect the value of your Mac. This is a difficult obstacle because you cannot control the prices of other cars. However, if you’re selling to an informed Apple customer, they’re more likely to understand the value of your Mac.
Sell your Mac for the best price
If you’re planning to resell your Mac, do it right. Find out all the possible factors that can affect the value of your Mac from this list. You should also consider other factors, such as how long you’ve used your Mac and what condition you bought the Mac for.
The factors we’ve listed above will all play a role in determining how much money you can get for selling your Mac.
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