iPhone SE (2016) iPhone 7 trade in value from Apple - will it go down?

[TSE]

I see for the new iPhone SE I get about $120 for my trade in iPhone 7. Not terrible.

Does anyone know if the trade in values for Apple get smaller and smaller over the years? Like, if I wait two years from now, will they still give me $120 for my iPhone 7 if I trade it in for the same iPhone SE?

 

[aakshey]

The trade in will keep going down every few months. 2 years from now you might get nothing or maybe USD 20-50 for an iPhone 7.

 

[MisterAndrew]

$120 trade in for a 7 is pretty darn good. That makes the SE only $279. That's less than out-of-warranty repairs for a 7. Awesome deal.

 

[TiggrToo]

I see for the new iPhone SE I get about $120 for my trade in iPhone 7. Not terrible.

Does anyone know if the trade in values for Apple get smaller and smaller over the years? Like, if I wait two years from now, will they still give me $120 for my iPhone 7 if I trade it in for the same iPhone SE?

Not a hope in hell. The price will drop faster with each year. In 2 years you'll be lucky to get $50 for it.

 

[Josieb1]

prices go down dramatically as new devices are launched. Last year I would have got £180 for my 6S Plus, this was in the summer, before the 11. Now its £90.

 

[semihat]

When the iPhone 11 first came out last fall, the trade in value of the 7 was $150.

Now it is $120.

So it is going down and that will continue.

 

[azentropy]

It will go down to the point where it will no longer have any trade in value And be removed from the list.

 

[JSRinUK]

I looked at the trade-in option for my SE when ordering my new SE, but Apple would only give me about £50. Given that an equivalent 128GB iPod Touch would cost £300, I figured it was a no-brainer to just keep my SE and give my old iPod Touch (5th gen) away to someone else.

My original SE still has enough life left in it to replace the old Touch and also to double-up as a backup phone. It may not be worth more than £50 to Apple, but it’s worth a heck of a lot more than £50 to me. So I decided against the trade-in.

 

[Dave Veach]

DON"T USE APPLE TRADE IN!!!! Wish I had done more research before trying to. Do yourself a favor and search. Plenty of complaints out there but I fell for it. People will say those complaints are just frustrations at the lowball offer. If it was just lowballing I'd agree. But in my experience no it is really a scam. This 3rd party service lies. They make up stuff that isn't true. That's a scam pure and simple. And it is a terrible customer experience Apple should be ashamed of. I sent in my iPhone SE 1st gen for a trade in on the new 2020. I already knew I would only get a lowball $30 trade in value. I said to myself what the heck, $30 off the phone basically offsets the sales tax so I'll do it. I don't want to deal with selling it. Then I get this email back from the 3rd party sham that said it was worth 0$!!!! I quote: "Backlight is not Functioning Properly, Keys or Buttons missing" That is completely untrue. The phone was in perfectly functional condition, no cracks, no dents, backlight working just fine as it did when it was new and nothing missing on the phone. Of course the battery was tired but that's it. They flat out lied and if there is such damage/malfunction they did this themselves. All of this over $30 which is way less to Apple than the poor customer experience I now have. Of course I rejected this and I'm not going to hold my breath to see if I get it back in the condition I sent it in.

 

[MultiFinder17]

Honestly, you can get more for it if you shop it around. Last month I shopped my 128GB 7 around to a few different local resellers and ended up getting $180 for it. Put that towards a new 128GB SE. Great deal

 

[tills24]

DON"T USE APPLE TRADE IN!!!! Wish I had done more research before trying to. Do yourself a favor and search. Plenty of complaints out there but I fell for it. People will say those complaints are just frustrations at the lowball offer. If it was just lowballing I'd agree. But in my experience no it is really a scam. This 3rd party service lies. They make up stuff that isn't true. That's a scam pure and simple. And it is a terrible customer experience Apple should be ashamed of. I sent in my iPhone SE 1st gen for a trade in on the new 2020. I already knew I would only get a lowball $30 trade in value. I said to myself what the heck, $30 off the phone basically offsets the sales tax so I'll do it. I don't want to deal with selling it. Then I get this email back from the 3rd party sham that said it was worth 0$!!!! I quote: "Backlight is not Functioning Properly, Keys or Buttons missing" That is completely untrue. The phone was in perfectly functional condition, no cracks, no dents, backlight working just fine as it did when it was new and nothing missing on the phone. Of course the battery was tired but that's it. They flat out lied and if there is such damage/malfunction they did this themselves. All of this over $30 which is way less to Apple than the poor customer experience I now have. Of course I rejected this and I'm not going to hold my breath to see if I get it back in the condition I sent it in.

I agree with the 3rd party that Apple uses. They had quoted me $250 for an old MacBook Pro, and when they got it, they said they'd give me $120. Whatever, I took it, because I didn't want to bother trying to sell it (the battery was failing). But, if you can get to an Apple Store, they do trade in's there. I traded a 6S in yesterday at the store for $40. I could have gotten more, but I just wanted to get rid of it, as it's been sitting in a drawer for years.