Even with new models dropping regularly these days, iPhones continue to drive up an extraordinary resale value. We’re currently in the line of iPhone 13, and likely going to see iPhone 14 at some point over the next fifteen months. However, iPhone 11 continues to be a pretty strong draw, considering its technology isn’t anywhere resembling being out of date.

But it’s how you resell it. Clearly, you can’t just walk into your carrier to trade it in six months down the road and expect to get anything close to what you spent when you first bought it. Like driving a car off the lot, simply taking your new iPhone out of the box causes its trade-in value to drop quite a bit. In fact, iPhones tend to lose about 43% of their value in the first six months. (On a side note, however, that doesn’t come anywhere close to Android phones, with brands like LG and Huawei depreciating around 56% and 74% on average annually, respectively.)

Fortunately, thanks to Apple’s continued support for and access to software updates for older iPhone models, there’s no better smartphone option for folks who plan to offset the cost of their upgrade by trading in their old device.

 

How much is an iPhone 11 worth?
Believe it or not, the iPhone 11 still gets a decent amount of money on trade-in.

Since you’re here reading this, we can only assume that you’re either shopping around for buyback quotes or toying with the idea of Some of you still have an iPhone 11, but are possibly looking into an upgrade to iPhone 12 or even iPhone 13. Luckily, the iPhone 11 – along with its respective Pro and Pro Max models – continue to drive up a fairly reasonable price, even in 2022.

Read on to find out just how much you can get from your device.

 

Contents

How Much Is an iPhone 11 Worth?
     You Better Shop Around
     iPhone 11 Resale Value Comparison Chart
The iPhone Trade-In Values They Are A-Changin’

 

How Much Is an iPhone 11 Worth?

Following its launch on September 10, 2019, the iPhone 11 series was met with much excitement thanks to its dual- and triple-lens cameras, along with its fan favorite Night mode and improved Portrait mode (which we still use regularly). Plus, with a starting price point of $699 (or $999 and $1,099 for the iPhone 11 Pro and Pro Max, respectively), the iPhone 11 has been an excellent option for anyone looking to upgrade without draining their wallets too badly. 

Now, with Apple focusing more on the fancier iPhone 13 and its models, many are looking into starting 2022 with something new and wondering just how much they can get for their current device. Aside from which version you have, your iPhone 11, iPhone 11 Pro, or iPhone 11 Pro Max’s resale value depends on a variety of factors. These include:

 
Condition – Cosmetic issues like cracks will cost you (scratches could decrease your trade-in by an average of 23%), and that’s not including any damage that affects functionality.
Carrier – If your iPhone 11 is locked to a specific carrier (with Verizon being the exception as all Verizon phones are automatically unlocked 60 days after purchase), your resale value could drop up to 24-51% depending on your wireless provider. This limits their resale value significantly.
Payment – You’re likely to get more for store credit than you are in cash.
Storage size – The bigger the storage space, the bigger the payout. The 256GB model will obviously get a lot more than the 64GB.

Here’s a quick look at how the iPhone 11’s models stand out in terms of value, with GameStop and GadgetGone prices by comparison.

GameStop 

iPhone 11 (unlocked model, working condition)- 64GB: $260 cash/$325 store credit; 128GB: $292 cash, $365 store credit; 256GB: $312 cash/$390 store credit

iPhone 11 Pro (unlocked model, working condition)- 64GB: $352.80 cash/$441 store credit; 256GB: $368.80 cash, $461 store credit; 512GB: $388.80 cash/$486 credit

iPhone 11 Pro Max (unlocked model, working condition)- 64GB: $392 cash/$490 store credit; 256GB: $432 cash/$540 store credit; 512GB- $388.00

(Bear in mind that GameStop store credit can only be used towards items in-store or on their website, such as games, consoles and whatever else the retailer sells.)

Meanwhile, here’s what we’re offering for iPhone 11 models currently.

GadgetGone

iPhone 11 (unlocked model, flawless condition)- 64GB- $349 cash; 128GB- $406 cash; 256GB- $428 cash

iPhone 11 Pro (unlocked model, flawless condition)- 64GB- $450 cash, 256GB- $480 cash; 512GB- $510.00 cash

iPhone 11 Pro Max (unlocked model, flawless condition)- 64GB- $490 cash; 256GB- $542 cash; 512GB- $590 cash

Keep in mind that prices vary depending, again, on the condition of the device and if it’s locked to a carrier or not. But in general, you get the idea.

Overall, an iPhone 11 is still worth between $260 and 428. Meanwhile, the resale value for an iPhone 11 Pro falls between $352 and $510. Finally, an iPhone 11 Pro Max is worth between $392 and 590. Surprisingly, all of those prices have gone up from the previous year, where they were slightly lower.

Keep in mind that offers can vary widely depending on the condition of your phone. For example, the same iPhone 11 above will fetch you exactly $0 at Best Buy if it doesn’t turn on, while a never-been-activated iPhone 11 Pro Max will net $715 at GadgetGone.

 

Research iPhone 11 resale values before trading in
Take the time to research before you trade in your device.

 

Take Your Time and Shop Around

As you can see from the offers below (recently updated with 2022 estimates), where you decide to trade in your used iPhone 11, iPhone 11 Pro, or iPhone 11 Pro Max can make all the difference with what you get back. Getting $165 in cash that same day from an ecoATM for a general unlocked iPhone 11 sounds great at first, but it loses some of its luster when you realize that you could have received twice that amount in cash from GadgetGone simply by waiting a few days. Likewise, getting $290 in account credit from your carrier seems like a pretty great deal, but doesn’t do much good when the need for cash arises.

When you’re in the market to trade in and trade up, or if you just need to make a quick buck, the number one thing you can do is look up iPhone resale values with a wide variety of companies. Cast a wide net – buyback sites, big-box retailers, your carrier, Apple Trade In, maybe even a wildcard like GameStop, Amazon, or ecoATM. Keep an eye out for any promotions they might be running to maximize your trade-in. Plus, some buyback companies (including us at GadgetGone) will even allow you to price match if you find a better offer from a competitor.

With just a little bit of research, you can rest easy knowing you’re getting the most money possible for your old iPhone.

 

How much is an iPhone 11 worth?
Cash or store credit, storage size, carrier, and condition can all play a factor in how much your iPhone 11 is worth.

 

iPhone 11 Resale Value Comparison Chart

To give you a head start, we rounded up the resale values at some of the most popular buyback options. Please note that the offers below are for a 256GB iPhone 11 or a 512GB iPhone 11 Pro or iPhone 11 Pro Max in good condition on the Verizon network. Your offer will vary based on your iPhone’s storage size, condition, and carrier. 

     
iPhone 11  iPhone 11 Pro iPhone 11 Pro Max
GadgetGone (cash) $349 $450 $490
Amazon Trade-In (store credit) $256 $450 $491
Best Buy Trade-In (store credit) $300 $390 $450
ecoATM (cash) $210 $270 $340
GameStop Trade-In (store credit) $325 $441 $490
Apple Trade In (store credit) $300 $400 $450
AT&T Trade-In Program (store credit) $190 $290 $340
T-Mobile Trade-In Program (store credit) $180 $335 $335
Verizon Device Trade-In Program (store credit) $185 $288 $342

Even if some offers from retailers look better than others, be sure to check out our reviews of Amazon Trade-In, Best Buy Trade-In, ecoATM, GameStop Trade-In, Apple Trade In, AT&T Trade-In, T-Mobile Trade-In, and Verizon Device Trade-In before you make a decision.

 

iPhone Trade In Prices Change Quite a Bit

Keep in mind that iPhone device prices change regularly. Last year’s article featured much different prices for the iPhone 11 models than they do now, namely due to the debut of the iPhone 13 line. But as you can see, they still fetch a pretty good deal of money, particularly from GadgetGone.

Usually, when a new iPhone is announced, you can expect those numbers to drop by around 30% in the 24 hours following the launch (or more, possibly even twice as much.)

In other words, it’s time to strike while the iron is hot. Most buyback companies and trade-in programs will give you time to decide by locking in your quote (our price-lock period is 14 days), so be sure to take advantage of this while iPhone 11 resale values are still at a fundamental value.

 

Phone Conditions: Expectation vs. Reality

And speaking of changing trade-in values, it is also important to note that all of these offers are subject to change once your device is received and evaluated. While you might think that your iPhone is in good condition, evaluators may feel differently. Don’t be surprised if that $430 you were expecting turns into something closer to $375 due to wear and tear, or something even as simple as a small screen scratch.

We definitely feel you when it comes to the frustration from this. Unfortunately, what may look like gentle use to you may actually be more on the heavy use side of things when viewed through the eyes of an expert. Keep in mind that something that suits you fine in terms of condition won’t necessarily sit that way with other consumers or evaluators of used electronics.

Thankfully, most trade-in options will send your iPhone back to you free of charge, no questions asked, if you’re unhappy with the updated offer. Most, but not all (we’re looking at you, Verizon). 

In other words, do your research before you sell. You’ll be surprised by the offers you find out there, even for tech that may seem like an older model compared to the iPhone 13. But it still fetches a very reasonable price!

 

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