Aside from getting hundreds of millions of people to spend their hard-earned money on a new iPhone each year, there’s one thing Apple does incredibly well: make those same high-quality, cutting-edge smartphones that keep people coming back for more. It’s that quality, along with Apple’s ongoing support for and access to software updates for older iPhone models, that adds up to consistently superior resale values compared to competitors.
Just like driving a new car off the lot, simply taking your new smartphone out of the box causes its trade-in value to plummet. One to two years down the road, however, you can count on your used iPhone to put a pretty big dent in your upgrade costs versus someone who opted for an Android. In fact, while iPhones tend to lose about 43% of their value in the first six months, that doesn’t come anywhere close to brands like LG and Huawei which depreciate around 56% and 74% on average annually, respectively. In short, if you plan on trading in and trading up in the future, there’s no better smartphone option than the iPhone.
Since you’re interested in how much your iPhone XS or XS Max is worth, we can only guess that you’re thinking of trading it in in the near future (a new iPhone 12, perhaps?). Fortunately for you, the iPhone XS and XS Max both keep up with Apple’s track record of high resale values.
So, just how much can you plan to get for your used iPhone XS right now? Read on to find out.
With a slick design, excellent cameras, and crystal-clear screens, the iPhone XS series was a hit with Apple fans when it was introduced on September 12, 2018. Of course, all those perks came with a price to match, starting out at $999 for the iPhone XS and $1,099 for the iPhone XS Max.
Now, with the announcement of the iPhone 12, you might be thinking that it’s time for an upgrade and are curious about how much your iPhone XS is worth. In addition to which version you have, your iPhone XS or iPhone XS Max’s resale value is dependent on several factors including:
|•||Condition – Does your phone have any dings or abrasions? Or worse yet: functional damage? They’ll all cost you. Even scratches can decrease your trade-in by an average of 23%).|
|•||Carrier – Is your iPhone XS locked to a specific carrier (relax, Verizon customers: all Verizon phones are automatically unlocked 60 days after purchase)? If so, your resale value could decrease to 24-51% depending on your wireless provider.|
|•||Payment – Accepting store credit could net you more than getting cash.|
|•||Storage size – 64GB, 256GB, 512GB—the bigger, the better.|
Taking everything into account, an iPhone XS is worth between $155 and $360, while an iPhone XS Max is worth between $200 and $455. Please note that these resale values are based on a 512GB iPhone in good condition on the Verizon network and will depend on where you trade in your device.
It’s important to remember that your offer will change depending on the condition of your phone. For example, the same iPhone XS above won’t get you anything at Best Buy if it doesn’t turn on, while a brand-new, never-activated iPhone XS Max will bring in $505 at GadgetGone.
As you can tell from the above offers, where you trade in your old iPhone XS or iPhone XS Max can make a big difference. We’re talking potentially $200 or more—that’s no small amount. Additionally, although getting $200 in cash that same day from an ecoATM sounds great, you might want to kick yourself when you realize that you could have gotten $455 from GadgetGone if you had waited a few days. Likewise, getting a $389 account credit from your wireless provider seems like a good deal, but what if you actually need cash?
So, regardless of whether you’re looking to upgrade or just needing some quick cash, the first thing you should do is shop around for iPhone resale values at a wide variety of options. Think outside the box—buyback sites, big-box retailers, your carrier, Apple Trade In, maybe even a wildcard like GameStop, Amazon, or ecoATM. Watch out for any promotions they might have available to maximize your trade-in. Plus, some buyback companies (such as GadgetGone) will even price match better offers you receive from competitors.
With only a little bit of work, you can make sure you’re getting the most money possible for your used iPhone XS.
To help you out, we checked out current resale values at some of the top buyback options. Please note that the prices below are for an iPhone XS or iPhone XS Max with 512GB in good condition on the Verizon network. Your specific offer is dependent on your iPhone’s storage size, condition, and carrier.
|iPhone XS||iPhone XS Max|
|Verizon Device Trade-In Program (PayPal or store credit)||$315||$389|
|T-Mobile Trade-In Program (store credit)||$314||$389|
|AT&T Trade-In Program (store credit)||$310||$385|
|Best Buy Trade-In (store credit)||$300||$400|
|Apple Trade In (store credit)||$270||$340|
Dreaming about your new iPhone 12 already? Don’t get too comfortable, as these resale values won’t stick around for long. In fact, you can expect those numbers to drop by around 30% about 24 hours after the new iPhone is announced (or more—possibly even twice as much—as this is Apple’s first 5G-enabled iPhone).
In short, don’t delay. Luckily, with many buyback companies and trade-in programs, your quote will be locked in for several days, giving you plenty of time to decide (our price-lock period is 14 days). So, use this to your advantage while iPhone XS resale values are still high.
Speaking of dynamic trade-in values, it’s crucial that we mention that any online offer is subject to change once your device is received and evaluated. Why, you might ask? Well, although you might believe that your iPhone is in good condition, the evaluator may not see it that way. So, don’t be surprised if that $389 you thought you were getting becomes $300 due to wear and tear that only an expert can see.
If you’re thinking that sounds a bit frustrating, we’re right there with you. Unfortunately, what looks like gentle use to your untrained eye may actually be worse than you think. After all, that’s why we’re the experts. Fortunately, many buyback options will send you back your used iPhone—for free, no questions asked—if you don’t like the final offer. Most, but not all (we’re looking at you, Verizon).
In other words, do your research.
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