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Unless you've been living in a cave somewhere, you're probably aware that Apple is holding a media event on Wednesday, presumably to announce the next iPhone -- and that means now is the time to cash in on your old model.
Last week, we profiled three of your best options for trading in an old iPhone for cash to buy the iPhone 5. Since then, one of those options, Gazelle.com, has actually been eclipsed by NextWorth.com, who is offering a price lock guarantee on iPhone trade-ins through October 1 -- as well as a few more bucks in your pocket.
While current the current trade-in value for a 16GB iPhone 4S is holding at $277 at Gazelle, NextWorth is actually paying $280 for the same device.
Although that may seem like a modest bit of extra cash, NextWorth also offers a wider range of payment options, including gift cards -- and you can even take your old iPhone into a Target store nationwide and have it inspected on the spot, where you'll receive a gift card for the retailer.
NextWorth is also currently offering double rewards through its "Refer a Friend" program, which can now net users $20 simply by sharing a unique URL with your loved ones -- if they decide to use the service on their own, you'll get $20 cash instead of $10 for the referral.
The next 24 hours will be crucial for the value of your current iPhone, so now is your chance to visit NextWorth and lock in the best price -- and you can even keep using your existing handset until the one arrives, thanks to the October 1 price lock guarantee.
Follow this article’s author, J.R. Bookwalter on Twitter