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If on a family plan add another line and transfer the phone off it. Then add a "dumb phone" or "tablet".
 
I do this every year. Buy the latest version outright then sell my older version on Craig's list.

You can also sell your old phone on/ to Amazon. Amazon.com will give you the most straight up without having to worry about "selling" it. Only down side is it will be in the form of an Amazon.com gift card.

Amazon.com current price examples:

Verizon 4s (black)
16gb - $370
32gb - $425
64gb - $460

Verizon 4s (white)
16gb - $375
32gb - $430
64gb - $470

Gazelle prices stink but its cash.

Verizon 4s (black or white)
16gb - $200
32gb - $225
64gb - $252
 
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Extra words and explanation do not cost anything here.

But, it appears you want to do what thousands have already done and discussed here over the past few days, week.

Buy at full price.
Buy and pay for 2nd line.

LOL. Totally agree
 
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