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Only 1 in 3 Euro consumers are trading in their old phones
(www.theregister.com)
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My phone my data. I'm not sure if factory reset deletes all data.
I keep my old phones, sometimes repurpose (PostmarketOS).
But batteries are becoming like a spicy pillow.
E.g. Galaxy S7: screen broken by swollen battery 🙏 .
If your phone is encrypted and you factory reset it I believe the encryption key is wiped so the data is gone (unless MI5 are really keen on spending a lot of time piecing it back together, I guess)