Since the first iPhone was released in September 2007, consumers have flocked to each new passing model over the years, even going so far as to stand in line for hours (and camping out!), waiting for their chance to own the company’s latest device. But just what inspires this level of addiction? Well, it comes down to one simple thing that’s easy to see upon glancing over the company’s line of products – quality.
With premium materials, cutting-edge technologies, and iconic design, Apple’s iPhones consistently push the boundaries of what a smartphone should be. And the quality doesn’t end there. Even some older iPhones have access to the latest iOS updates, extending their use far past the typical upgrade cycle. All this creates yet another bonus for iPhone fans: resale values that aren’t rock-bottom.
In fact, while brands like Google and Huawei depreciate around 67% and 74% annually, iPhones only lose approximately 43% of their value within the first year. That’s a huge advantage for anyone looking to offset their upgrade costs by trading in their old phone.
So, if you’ve got your eye on the latest iPhone 13 and are wondering what your iPhone 8 or iPhone 8 Plus might be worth, we’ve got some good news. Even after so many years past their initial release, the models still get good offers for money.
So how much can you get for your old iPhone 8 right now? Check out our guide below!
Announced alongside the game-changing iPhone X in September 2017, the iPhone 8 was a familiar face for Apple fans, thanks to its convenient home button (one of the last models to have one) and reliable design. Although it has since been discontinued by Apple, the series remains a popular choice for iPhone owners on a budget, available at third-party retailers for around $350 for an iPhone 8 or $450 for the iPhone 8 Plus (down from their original starting prices of $699 and $799, respectively).
With an iPhone 14 announcement likely around the corner this year, perhaps you may be considering an upgrade and are curious about how much your iPhone 8 or iPhone 8 Plus is worth. Overall, the resale value really depends on a number of variables:
|•||Condition – Scuffs, abrasions, cracked back glass, or (eep!) functional damage: Whatever the issue, they’ll set you back a bit. Even minor scratches can decrease your buyback offer by around 23%. Expect a higher percentage if there’s further damage past that.|
|•||Carrier – Stuck with a certain carrier? Get ready for your resale value to decrease by 24-51% depending on your provider. Verizon customers can consider yourselves lucky, however, as all phones through them are unlocked automatically two months after purchase. That lowers that percentage quite a bit.|
|•||Payment – If given an option, selecting store credit over cash could give your payout a boost, though you’re limited on how you spend it.|
|•||Storage size – The bigger your iPhone storage size is, the more moolah you’ll get.|
Taking everything into account and depending on which buyback program you use, an iPhone 8 is worth between $65 and $130 while an iPhone 8 Plus is worth between $100 and $198. Please note that these resale values are for a good condition, 256GB iPhone 8 (or iPhone 8 Plus) on the Verizon network.
Now, the individual offer for your device will vary according to your own phone’s specifications. For example, an iPhone 8 with the same specs that won’t turn on won’t be worth anything at Best Buy. Meanwhile, a never-been-activated iPhone 8 Plus would get you $300 at GadgetGone.
Ready to start your trade-in? Before you rush out for any available offer, it’s important to take some time to see what’s out there. The buyback program you choose can affect your resale value dramatically, with the same phone fetching twice as much or more at certain options. Sure, leaving an ecoATM with $65 in your pocket sounds nice, but wouldn’t $130 (double the amount!) from GadgetGone be even better? Similarly, a $110 account credit is great, but what if you prefer dollars in your pocket?
Whether you’re upgrading or looking for some quick cash, remember to hit the ground running with research first. Be sure to think beyond your carrier, Apple Trade In, or big-box retailers to include buyback sites like GadgetGone or non-traditional trade-in programs like ecoATM, Amazon, and GameStop. And don’t forget to maximize your resale value with special promotions or price-matching (GadgetGone will beat an offer from one of our competitors!)
With just a bit of comparison shopping, you’re sure to find a buyback option that fits your needs and budget. Here’s a guide to help you out!
To give you a headstart, we rounded up current resale values from a variety of buyback programs. Specifically, the prices below are for a 256GB iPhone 8 or iPhone 8 Plus on the Verizon network in good condition. As previously mentioned, your own offer will change accordingly depending on your iPhone’s storage size, condition, and carrier.
|iPhone 8||iPhone 8 Plus|
|Amazon Trade-In (store credit)||$91||$105|
|Best Buy Trade-In (store credit)||$80||$140|
|GameStop Trade-In (store credit)||$165||$205|
|Apple Trade In (store credit)||$100||$160|
|AT&T Trade-In Program (store credit)||$80||$90|
|T-Mobile Trade-In Program (store credit)||$80||$92|
|Verizon Device Trade-In Program (store credit)||$80||$91|
Like the prices you see? Before you decide, check out our reviews of the 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 programs first. Better safe than sorry!
There’s some good money to be saved here on your next upgrade. But hang on before you head out.
Resale values fluctuate quite a bit, but no more so than in the 24 hours following the launch of a new iPhone. In fact, you can normally plan on an iPhone’s resale value to plunge about 30% during that time. Not that we’re getting an announcement anytime soon, but you never know.
Once you find an offer you like, be sure to lock it in. You might be thinking, “Yeah, but what about that research?” Luckily, you can actually do both thanks to the price-lock period many trade-in options offer (we here at GadgetGone offer a 14-day one, so you can rest easy a bit). Plus, since there’s no obligation to actually send in your device once you’ve received a quote, you can continue collecting offers until you find one that wins you over all while locking down one of the currently high resale values. That’s a double win right there.
We can’t forget to mention one more thing that could alter your iPhone 8 resale value, and that’s its condition. During the trade-in process, your phone will be evaluated by hand and with software for both cosmetic and functional issues. If the condition status you gave when requesting a quote doesn’t match the results of the inspection, your offer will be changed accordingly. Yep, it’s frustrating, especially when the trade-in isn’t handled in-house (such as with Amazon). To avoid any hassle and ensure an accurate initial offer, make sure to take an honest look at your iPhone before selecting its condition. That includes screen cracks, body shape, any dents – everything.
If your quote is adjusted and you’re unhappy with what is offered, no worries. GadgetGone and many other buyback companies will be more than happy to send your iPhone back to you, no questions asked, either for free or for a small shipping fee. With some companies, however, (Verizon springs to mind), you can’t change your mind once your device has been received, leaving you without both a phone and its overall value.
Take your time and research the various offers. Decide what works best for you, and then sell! And don’t forget to reach out to us if you have any questions about our program!
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