The Fold 5 is refurbished on eBay for $790.

It's literally less than half the price of a Fold 6 will be. The depreciation on these is insanely steep the first year.

A Z fold 2 is $300, a Fold 3 is $380, a Fold 4 is $480. MSRP for Fold 2 was $2000, Fold 3 was $1800, Fold 4 was $1800, Fold 5 was $1800.

Right now, the Fold 5 has depreciated 56%, or $1,010.

The Fold 4 has depreciated 73%, or $1,320.

Fold 3 has depreciated 78%, or $1420.

Fold 2 has depreciated 85% out of the $2,000 MSRP, or $1700.

The one year hit is 56%. Second year is 22%, third year is only 5%, 4th year is 7% (5% if the fold 2 had been $1,800).

Optimally, you'd want to be buying a Z fold 4 right now based on the math. I think a Z Fold 5 is fine as well, obviously you still avoid the massive 56% first year drop. Fold 3 and Fold 2 make no real sense to buy, it's definitely worth the little bit more money to get a Fold 4 assuming you can afford it.

The Fold devices are depreciating hard the first year and it's been a consistent trend. It's not worth that massive hit to have the newest device unless $1000 truly isn't a significant amount to you.