Gazelle To Buy And Sell Used Apple Watches
Web site Gazelle, which buys and sells used devices, announced on Thursday that it plans to add the Apple Watch to its collection. The site will offer to buy the watch from owners who wish to sell it and will also sell certified pre-owned models of the watch to buyers who want to save some money on it. …
In touting its trade-in service, Gazelle pointed to the value that the first iPad has retained since its release, via the following chart:
While this seems obvious in retrospect, it’s important to point out that Gazelle does not currently offer similar trade-in or buy-back plans for existing Android Wear or Pebble devices. In fact, Apple Watch is the first smartwatch of any kind to be allowed on the service. Though this underscores the general perceived value of Apple’s wearable when compared against the industry offerings so far, it suggests even better news for price-conscious early adopters: Apple Watch is going to cost even less than you thought!
Using the iPad chart above and assuming similar retention numbers for Apple Watch, you can expect your new wearable to lose 56 percent of its original value the first year and 70 percent of its original value the following year. Here are the projected real costs of ownership for the Sport and entry-level stainless models (after one year/two years):
- 38mm Sport, $349 MSRP: $195 / $244
- 42mm Sport, $399 MSRP: $223 / $279
- 38mm stainless, $549 MSRP: $307 / $384
- 42mm stainless, $599 MSRP: $335 / $419
That’s literally pennies a day!