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That sounds like way too much work just to save a hundred bucks here and there, and besides there's no guarantee of selling. And besides besides, I like to keep my old phones. (I have a Toshiba "portable" phone kicking around somewhere...!)
However I see where you are going with this, and I usually do something like this with cars. I will usually lease a car for 4 years, but get bored and want a new one after 2 years. I call up the dealer to get the buyback value (which is always shit but I try anyway) and then the residual value. I'll make up the price about 20 points or so and put the car up for sale or shop it to other dealers who easily give me more than residual because the car is only 2 years old and therefore sellable. I'll usually pocket 5 grand on each switch which when added up cuts the overall cost of ownership nicely.
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