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If you've been looking for a good reason to trade in your iPhone 4 or 4s for an iPhone 5, you'll have a hard time finding a better deal than Best Buy's promotion for Saturday--provided, that is, you meet the requirements. According to CNet, when you bring in your activated iPhone 4 or 4s into a physical Best Buy store tomorrow, you'll get a $150 credit toward the purchase of a new iPhone 5, essentially making it a free trade.
This comes on the heels of the news that Best Buy lowered the price of the iPhone 5 to $150 for the 16 GB models. Under Best Buy's one-day offer, the only charges you'll have to pay are those for any applicable sales tax or activation fees. To qualify, you'll need to activate a two-year contract with either AT&T, Verizon, or Sprint, and you need to be eligible for an upgrade. That, and you'll need to visit the store in person. The offer will only be available tomorrow, Saturday, June 1.
Still, there may be better alternatives available. A representative from Gazelle contacted us this morning, informing us that the online recommerce company is offering $160 for used iPhone 4 models and $225 for used iPhone 4s units. Under Gazelle's model, they send you a prepaid box to send your iPhone to them, after which they follow up with a check to be used toward a new model.
The main difference is the wait involved (assuming you're already close to a Best Buy location), although Gazelle also pointed out that their approach appeals to consumers who aren't always ready to give away their previous phone models once they purchase a new one.
Follow this article's writer, Leif Johnson, on Twitter.