I traded in my white iPhone 4 32gb into Verizon and they took off 155 from my 4s 64g. I did this the night before the iPhone 5 launched. I ended up paying a little over an hundred dollars for the phone. I know I could have gotten more especially since it was in good condition and was still under warranty. I did get the reduced price for the phone which I believe he wasn't suppose to do until the next day.