How to Get the Most Out of Your iPhone Trade-In

Make dollar bills off that ancient iPhone 6 and other models.

Apple’s iOS 11 is taking augmented reality to whole new level: Apple TV 4K is now playing — and, yes, the Apple Watch Series 3 with cellular allows you to stay connected and leave your phone behind.

But before the world became excited about ditching its phones, a bigger, more important bit of news came from the keynote address — the iPhone 8 and the iPhone X. Here are the details about the new iPhone offerings as well as tips for getting more money out of your old iPhone, so you can keep up-to-date with the coolest things Apple has to offer.

New iPhone 8 Plus, iPhone 8 and iPhone X Specs

Approximately 56 minutes after Apple CEO Tim Cook took the stage in the first-ever event at the Steve Jobs Theater, he introduced Phil Schiller, Apple’s senior vice president of worldwide marketing. Schiller showed off the new iPhone 8, iPhone 8 Plus and iPhone X. Here are the highlights of Apple’s new phones:

iPhone 8 and 8 Plus

  • Two sizes of iPhone 8 available: the 8 and 8 Plus
  • All-glass design; color-matched aerospace-grade aluminum band
  • Wireless charging
  • Water- and dust-resistant at a microscopic level
  • More advanced 12MP camera with a bigger, quicker sensor
  • Wide-angle and telephoto cameras
  • iPhone 8 features new 4.7-inch Retina HD display; Plus version features new 5.5-inch Retina HD display
  • A11 Bionic chip, which is touted as the smartest chip ever installed in a smartphone
  • Dual cameras with facial landmark detection

Check Out: iPhone X and the Best Product Launches of the Last 10 Years

iPhone X

  • Described by Apple as the “future of the smartphone”
  • Edge-to-edge screen with an all-glass design
  • Water- and dust-resistant at a microscopic level
  • All-new Super Retina display
  • No more home button; swipe up from bottom to navigate
  • Groundbreaking Face ID technology for unlocking the phone; includes A11 Bionic chip with a neural engine
  • TrueDepth camera system
  • Wireless charging

The iPhone 8, iPhone 8 Plus and iPhone X are available now at higher price points than last year’s iPhone releases. Both the iPhone 8 and the 8 Plus with 64GB of storage start at $699, and the iPhone X with 64GB almost reaches a grand, at $999. Here’s how to save money on the new iPhone you want to buy.

Where to Get More Money for Your iPhone Trade-In

To offset the price of a new iPhone, many places are willing to give you cash for your old iPhone — or a gift card. Remember, prices vary depending on which carrier your phone is with. Unlocking your iPhone and including the device’s charger can often be great ways to put more money in your pocket.

Before you decide where to sell your iPhone, take the time to shop around for the best iPhone trade-in deals. Here are some of the best places to trade in your iPhone.

Also See: 12 Smartwatch Money Apps

Best Buy

Best Buy offers a trade-in section on its website that you can utilize to find out the trade-in value of your iPhone. You’ll select the generation of your iPhone, network, capacity and color. Then, you’ll answer some questions about the phone’s condition and submit to get an instant estimated trade-in value.

You can opt to take your iPhone to your nearest Best Buy store. Or, you can mail in your phone to receive an e-Gift card and get an even better deal on Best Buy electronics.

Gazelle

When you visit Gazelle to sell an old iPhone, you’ll need to see if your iPhone’s generation is on the site and how much it is worth. Then, answer a few questions about the condition of the phone.

The trade-in offer is valid for 30 days, and you can be paid by check, PayPal or Amazon gift card. Shipping is free, and Gazelle will send you a box to ship your iPhone to them. Once Gazelle receives your phone and verifies its condition, you’ll get your money quickly.

Amazon

Amazon’s iPhone buyback program, Amazon Trade-In, allows customers to trade-in old electronics for Amazon.com gift cards. Visit the trade-in section of Amazon’s website to see what your iPhone is worth. First, search for your item on the site and then click “trade this item.”

You’ll answer questions about the phone’s condition and then you’ll get an instant trade-in offer. Once Amazon receives your iPhone, an email will be sent within two business days notifying you if the item has been accepted or rejected. If your item’s accepted, the money will then be deposited in your account.

Apple

When you choose to do an iPhone trade-up with Apple, you can get instant credit in the store or receive a gift card by mail for up to $375. For the mail option, you’ll need to answer some questions about your phone via Apple’s partner to get an estimate. Once you have the estimate, you can mail your phone in for free, and you’ll be sent an Apple gift card.

NextWorth

NextWorth offers instant quotes on their website for your iPhone trade-in. Go to the site, answer some questions about your iPhone and instantly receive your quote.

Then, ship your old iPhone to NextWorth for free and receive your money by PayPal or check. And if your phone doesn’t quite meet NextWorth’s expectations, the company will honor price differences up to $10.

eBay

eBay is a peer-to-peer marketplace that you can use to sell your iPhone rather than trade your iPhone. To price your phone competitively, use a search engine designed to find the average selling price of items you want to sell, such as PriceGeek. For example, according to PriceGeek, the average selling price of a 32GB iPhone 7 on eBay is $379.99.

To list on eBay, it takes a bit more effort; you’ll have to register and set up a seller’s account first.

See: eBay Battles Amazon With New Price Matching and Free Shipping Features

Glyde

Glyde is another peer-to-peer marketplace that allows you to list and sell your iPhone for cash. With Glyde, you can quickly find out what your phone is worth and list it for sale on the site. Once your phone sells, Glyde will send you a prepaid shipping box, handle the transaction between you and the buyer, and pay you in cash.

Craigslist

List your phone on Craigslist’s online marketplace to see if you can get more money out of your iPhone. Listing your iPhone for sale is free and you don’t even have to register for an account. Once you’ve created your item and added the optional photos, submit it and wait about 15 minutes for it to go live on the site.

Facebook Marketplace

Reach out to thousands of Facebook users in your local area with Facebook Marketplace — a free service to Facebook users. You won’t have to download an app or register for a separate account to get started. Simply go to your Facebook account and click on the Marketplace icon. Listing your iPhone is as easy as taking your own photos, writing a description, pricing the item fairly and marking the item as sold.

Up Next: Warren Buffett Invested in Apple and These Other Companies

How to Trade In Your Old iPhone

Before you sell your old iPhone or trade it in, here are some steps you should take:

  1. Back up your iPhone.
  2. Unpair your Apple Watch.
  3. Sign out of iCloud.
  4. Log out of iTunes and the App Store.
  5. Reset to factory settings (Settings > General > Reset > Erase All Content and Settings).

Here are what most trade-in sites consider when giving you a quote for your old iPhone, though some might have stricter criteria:

  • Model
  • Carrier
  • Find My iPhone off or on
  • Any engraving on the phone
  • Device turns on and off and charges properly
  • Scratches, cracks or dings — normal wear and tear is okay

You typically won’t even have to pay for shipping for your cell phone trade-in. The sites will supply you with a free mailing label or send you a prepaid envelope or box.

Which iPhone Is Next?

For 2018, Apple could release three new versions of the iPhone, which look more like iPhone 7 models than iPhone 8 models, according to a report by Nikkei Asian Review. The phones predicted for release are a 6.1-inch LCD iPhone with a metal backing, a 5.8-inch OLED model and a 6.3 OLED version.

Only time will reveal what Apple has planned for the iPhone next, however. And now that you know how to trade in your iPhone and get the best deal, you might want to hang on to your phone and see what the next version of Apple innovation has to offer.

Up Next: Warren Buffett Invested in Apple and These Other Companies

Cynthia Measom contributed to the reporting for this article.