Though the new iPhone 6 is expected to make an appearance on September 9th, now may be the best time to trade in your old phone to get the most bang for your buck.

Right before the launch of a new iPhone, the trade-in value of old iPhones declines sharply. So if you’re thinking about trading your phone in, you’ll get more money for your phone by doing it now.

According to CNN Money:



As of Tuesday, a customer could fetch up to $290 for a 16 GB iPhone 5S in good condition. Prices vary depending on what carrier it supports.

This year, Gazelle is allowing customers to lock in a guaranteed price for their older iPhone now and send it to Gazelle later, after buying the new version. So don’t worry, you won’t have to be left without a smartphone while waiting for the iPhone 6.

Learn more about Apple’s new products over at CNN Money.