Get a discount if you trade in your old phone. So what can you expect your device is***worth? What a trade-in is worth can change dramatically from one side of the scale to another. Read on to find out more in case of you still making use of your old phone!
Trade-In Value Determining Factors
Phone Model and Brand
The model and age of the phone you own contribute to much of its trade-in value. On common models like Apple and Samsung, the value decreases not much but in contrast to unpopular other brands like Wiko, Blu, etc. Most top-brand models, no matter how old, are more valuable than low-end or store-brand models of similar age.
Condition of the Phone
The state of your phone – whether it is mint, good, or poor – determines its trade-in value. Those with a few or no light signs of wear, no noticeable signs of having been dropped, and fully functioning components fetch top dollar. On the other end, phones with more substantial damage, such as broken or damaged hardware or cracked screens, will be worth less.
Storage Capacity
It may also result in a higher trade-in value for your phone due to the increased storage. Phones with 256GB of storage, for example, are going to fetch you more money than the same model with just 64GB.
Where to Trade In Your Phone
Carrier Trade-In Programs
The majority of mobile carriers have trade-in programs providing credit for a new phone or service plan. The carriers (Verizon, AT&T, and T-Mobile) do often do promotions that could provide a better deal on a trade-in, especially if you are upgrading to a newer model or switching carriers.
OEM Trade-In Programs
Apple and Samsung have their trade-in programs, as well. These programs are easy and can provide a much better offer occasionally when an upgrade into the existing brand is created. For example, Apple’s Trade-In program allows you to trade in your old iPhone for credit against a new purchase or an Apple Store gift card.
Third-Party Trade-In Services
A few third-party services – including Gazelle, Decluttr, and ecoATM – also provide trade-in offers. Sure, some of these services won’t pay as much as carriers or manufacturers, but if you don’t need to buy the latest smartphone immediately, it’s well worth it for the quick cash rewards.
Typical Trade-In Values
Trade-in values will be all over the map, but to just get a general idea, comprehensive trade-in values will span these ranges:
- Iphone thirteen, Samsung Galaxy S21): $ 300 to $ 700
- Phones from One to Two-Year-Old (iPhone 12, Samsung Galaxy S20, etc): $200-$500
- Websites like Gazelle offer an additional $50 to $200 for older models (i.e., iPhone 8, Samsung Galaxy S8).
- Getting the Most For Your Trade-In
- Take Good Care of Your Mobile Phone
- A good way to keep the value of your phone intact is always to have it in a protective case and keep a screen protector on it.
- Include Accessories
- Sometimes, including the original accessories like the charger, headphones, and packaging increases the trade-in value.
- Shop Around
- Do not take the first trade-in offered. Shop around for the best possible deal from different carriers, manufacturers, and third-party services.
Final Thoughts
One of the best ways to pay for your new phone is to enter your old phone. Knowing what affects trade-in value and the different trade-in options available will help you get the most from it. You may be considering trading your phone in if you’re looking to save up for the latest model or simply need to clear some space in the process.
FAQS
How is the value of my phone calculated for a trade-in?
The trade-in value simply depends upon but is not limited to:##_ Model#_ age#_ condition (if any damage, battery health, etc)#_ market demand. Certain platforms even take into consideration the storage capacity and whether the phone is carrier-locked or not.
I need a quote on how much I would get with my tradeURIComponent online.
Well, yes, you can get an approximate trade-in offer through online tools with many retailers and trade-in programs letting you input your phone’s information and get a trade-in estimate.
Can I add accessories like a charger and earphones?
Some programs do allow for accessories to be included, but this is not always a requirement and can offer little added trade-in value. Always review the requirements of the trade-in program you plan to use.
How to read my phone for trade-in?
Make sure to back up your data, power off the device, perform a factory reset in order to delete all personal data, take out the SIM and memory cards, and deactivate features like Apple’s Find My iPhone.
What about if my phone is damaged or faulty? Can I still trade it in?
Most programs do take broken or non-functioning phones – just not for very much of anything. Depending on the severity of the damage, this can lower the trade-in price.
I am still making payments on my phone; can I trade it in?
As per in general the device that you want to trade in must be fully owned by you. If the phone is still on payment, you will have to pay it off first. Carriers also give you the trade-in option for contract phones, but you need to factor in the remaining balance into the trade-in value.
How do I get credit for the value of my trade-in?
Depending on the trade-in program or retailer, trade-in values are usually store credit, gift card, a discount on a new purchase, or money.
