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Other What’s the trade-in value that Apple gives on a 1-year old iPhone?
- Thread starter Luba
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16 Pro Max up to $700, 16 Pro up to $580, 16 up to $450.
If you start the "Buy" process for an iPhone at Apple.com you can get to the point of seeing this if you indicate you're trading in a phone:
You can check the value on apples website. But on places like ebay or fb marketplace you will get more
My 256GB 16 Pro Max got a trade in value of $700. I paid $1200 last year. That's considerably more than 50%, and better than the Apple upgrade program.
So not 50% across the board . . . Pro Max probably the most in demand of all models
The thing with iPhone trade-in values with Apple... is that the trade-in value doesn't change based on storage size. The Pro Max for example, will be the same trade-in value if you got the 256gb base model vs the 1TB. Obviously the 1TB was significantly more expensive when you bought it vs the 256gb base.
In general, trading in directly with Apple will give you less $ than the true secondary market value (on sites like Ebay, Swappa, etc.), but that gap increases the more storage you have. It might only be $100 less than FMV on the secondary market for the 256gb, but $300 less for the 1TB.
For base models, trading in directly with Apple is often worth it to save the headache of selling, potential for scams, etc. But the more upgraded version you have, the less it makes sense...
In general, trading in directly with Apple will give you less $ than the true secondary market value (on sites like Ebay, Swappa, etc.), but that gap increases the more storage you have. It might only be $100 less than FMV on the secondary market for the 256gb, but $300 less for the 1TB.
For base models, trading in directly with Apple is often worth it to save the headache of selling, potential for scams, etc. But the more upgraded version you have, the less it makes sense...