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How Your iPhone’s Trade-In Value Is Determined

Jun 9, 2023 •

Trade-in value is an important point of consideration when you’re looking to upgrade your iPhone. Several factors affect your iPhone trade-in value, including the model, storage capacity, and condition. Knowing these factors and how they impact your device’s value can help you get the most out of your trade-in. 

Model and Age of Your iPhone 

Trade-in values can be affected by market demand. The model of your iPhone plays a significant role in determining its trade-in value. If a new model has just been released, the value of the previous generation may drop as more people seek to trade in their old devices. Newer models with more advanced features will naturally fetch a higher price than older models. For example, the iPhone 12 Pro Max will typically have a higher trade-in value than the iPhone 7 Plus. 

The Condition of Your iPhone

The condition of your iPhone is perhaps the most crucial factor affecting its trade-in value. Phones that are in excellent condition, with no visible wear and tear, will generally command a higher price than those with scratches, dents, or other damages. When assessing the condition of your device, be sure to check the screen, buttons, and ports to ensure they’re functioning correctly. 

Storage Capacity 

Storage size is another factor that can impact your iPhone’s trade-in value. Devices with larger storage capacities are often more in demand and can command a higher price. For instance, an iPhone with 512GB of storage will generally be worth more than its 64GB counterpart. 

The Genuineness of Your iPhone Parts

Using official Apple repair centers to fix your iPhone can help retain its trade-in value, as using non-genuine parts can affect the device’s ability to be traded in. Although third-party repair centers may be cheaper than official Apple repair centers, using non-genuine parts may result in Apple rejecting the device for trade-in. By using an official Apple repair center, you can ensure that your iPhone will be repaired using genuine parts and comes with a warranty. While it may cost more upfront, it can save you money in the long run by maintaining your iPhone’s trade-in value and ensuring that it’s in good working condition. 

Your Selected iPhone Trade-In Program

Another factor to consider is the trade-in program you’re using. Apple’s trade-in program, for example, offers gift cards that can be used towards the purchase of a new device. Other trade-in programs may offer cash payments or credit toward other products or services. It’s essential to compare the different trade-in programs available to find the one that provides the best value for your device. 

How to Get the Best Value?

To maximize your iPhone trade-in value, there are a few things you can do. Firstly, keep your device in excellent condition by using a protective case and screen protector. Keep the original box and accessories, as these can add value to your trade-in.  Consider the model, storage capacity, and condition of your phone, as well as market demand, trade-in programs, and timing. By taking these factors into account, you can get the most out of your iPhone trade-in and put that money towards your next device.