LIVE VIDEO: Channel 3 News Today    Watch
 

Consumer Minute: iPhone buyback programs, Chevy Volt losing money

7:15 PM, Sep 11, 2012   |    comments
  • Share
  • Print
  • - A A A +

It looks like it's been a bumpy ride for General Motors and the Chevy Volt, the long range electric car. Reuters estimates that General Motors is losing up to $49,000 on every Chevy Volt. It sells for $39,000. So by their calculations, that's a $10,000 wash for every single car sold. GM denies that number, but admits it is losing money on the Volt. Sales are picking up and now some dealers are offering cheap lease options.

Wednesday, tech giant, Apple will announce the release of the new iPhone 5. If you are the type who wants the latest and greatest, you can turn in that iPhone 4 for cash - but you better act fast! One of the best ways to do it is online. Websites like Gazelle and Nextworth buy back your old phones. Tuesday, Gazelle priced an iPhone 4, 32 gigabytes at $154. A 4S will sell higher. If you want a guaranteed buy back price, Best Buy will exchange your iPhone 4 for a $200 gift card you can then use toward the purchase of the new one.

WKYC-TV

Most Watched Videos