Not Eligible to Upgrade to the iPhone 5S? Do it Anyway for Less Than $100

The next-generation iPhones go on sale at Apple.com tomorrow at 12:01 a.m. PST, and at local Apple stores at 8 a.m., but unfortunately not everyone is eligible for an upgrade through their mobile provider. AT&T and Verizon Wireless early termination fees range between $325-350, making it expensive to upgrade to a new device every year. However, there is a way you can terminate your contract and still have a little extra cash to put towards a new iPhone 5s.

iPhone Trade In

While there are many mobile phone trade in services, the best we have found is through Nextworth.com. NextWorth is currently offering around $300 or higher for used iPhones in working condition. For example, if you're one year into your AT&T contract your early termination fee will be $325 minus $10 for every month you've completed. If you trade in your your 32GB iPhone 5 to NextWorth for $317, you can pay off your $205 early termination fee and you'll still have around $112 left over to put towards a new iPhone 5s. The same deal also applies to Verizon Wireless users, but you'll have a little less extra cash on hand since their ETF is higher than AT&T's. This means you can potentially nab a 16GB iPhone 5s for around $90 or a 32GB model for around $190.

The NextWorth service is easy to use. Just go to Nextworth.com, locate your device, answer the questions honestly, and lock in your quote for 30 days. You'll want to do this as soon as possible since the value of older devices typically plummet once the new iPhones are available (which could mean as early as tomorrow). NextWorth provides a prepaid shipping label, and will pay via check, gift card or PayPal one day after their inspection of your device is complete.

NextWorth is currently accepting all iPhone models, including the first-generation, iPads, iPod touches and Android devices like the Samsung Galaxy S III.