Trading in your old iPhone: here’s how it works

Your old iPhone is probably gathering dust in a drawer, even though it’s still worth money. Trading it in is the easiest way to unlock that value, while also giving your device a second life with someone else. We explain how it works and how to get the most for your phone.

What determines the trade-in value?

A few things come into play. The model and storage capacity are the basics: a newer device with more storage is worth more. Its condition also matters, including how many signs of use there are and whether the screen is free of damage. Battery health plays a role too, as a healthy battery increases the value. If everything still works properly, you’ll naturally get more than you would for a device with defects.

Prepare your device for trade-in

Before sending in or handing over your iPhone, there are two important things to do. First, back up your data so you don’t lose anything. Then sign out of iCloud, turn off Find My iPhone, and reset the device to its factory settings. This ensures no data remains on it and allows the new owner to set it up normally. Always do this, even if you trust the buyer.

Why trading it in is smarter than leaving it unused

A phone sitting in a drawer becomes worth less with each passing month. Every new model that comes out lowers the price of older devices. If you trade it in now, you’ll get the highest value it still has. You’ll also help someone get an affordable device instead of letting it end up as electronic waste.

How to trade in with Phonesy

With us, you can trade in your old device and immediately benefit when buying your next phone. That means you don’t have to sell your old device yourself, with all the hassle that involves. See how it works on our trade-in page, or browse our refurbished iPhones right away for your next device.