Trading in an old iPhone for a new one: How can I benefit?

You already own an older-generation iPhone and… you have your eye on Apple's latest models! But are their prices beyond your budget?

This is where a trade-in is worth considering! Naturally, the closer your phone is in age to Apple's latest generation of smartphones, the more you stand to save.

Do your research thoroughly

To find the sweet spot that lets you get a new iPhone without breaking the bank, you should follow a few specific steps. First, it is important to look for confirmed promotional offers from mobile network providers or the manufacturer itself, then compare them with offers from shops willing to take your device as a trade-in.

Trade-in websites are not as good an option as trading in your old phone at the same shop where you plan to buy your new one. Just make sure you get an accurate assessment of your phone's condition to ensure a fair trade-in.

Go straight to the source

Your first stop could be the company that made your iPhone. Yes, we mean Apple! If you trade in with Apple, you will receive credit that lets you save money on your new iPhone. The iPhone model you own is the number one factor in determining its value. For example, at the time of writing, Apple's ‘Trade In’ page lists the following estimated values for older models:

Bear in mind that these are the maximum amounts offered. Devices in poor condition or no longer working will receive lower offers. If your iPhone is deemed ineligible for a trade-in, Apple still offers to recycle your device free of charge.