For over a decade, Apple fans across the globe have gone a bit, shall we say, “bonkers” whenever a new model of their favorite device drops. Standing in long lines, camping outside stores, even dressing up in costume for the occasion (iPhone costumes, maybe?). To call these product launches an event would be putting it mildly. Phenomenon, more like.
Why is that? Simply put, the sheer quality of their devices. From cutting-edge technologies and iconic design to continuing access to software updates for even the oldest iPhones, there’s just something about Apple that keeps people coming back for more. That quality translates into yet another perk for iPhone owners: reliably higher resale values compared to other smartphones.
Of course, every smartphone’s value drops once it gets taken out of the box (just like driving a car off a dealer’s lot). However, while brands like Google and Huawei lose about 67% and 74% of their value on average over the course of 12 months, iPhones only depreciate by around 43% a year.
Luckily for iPhone owners, all that value can be harnessed at trade-in when it’s time for the newest model. And that helps quite a bit when it comes to that costly upgrade.
Since you’re curious about how much your iPhone XR is worth, we think it’s safe to assume that you’re considering the idea of trading in for cash or perhaps towards a shiny new iPhone 13. Luckily, the iPhone XR is no exception to the high-resale-value rule.
So, how much can you plan on getting for your used iPhone XR? Here’s a guide to help you out.
Launched in September 2018 at a price of $749, the iPhone XR is a pared-down version of the iPhone XS. Although it has since been unseated by 2020’s iPhone SE as Apple’s most budget-conscious phone, with its singular camera, a thicker design, no 3D Touch feature, and a friendly starting price, it’s still a great choice for those looking for a price-light option without all the fancy bells and whistles.
With the iPhone 13 models making the rounds, now is a great time to find out how much your iPhone XR is worth (more on that later). In general, the resale value of an iPhone XR depends on a number of factors, such as:
|•||Condition – If your phone has any dings, dents, and abrasions (or worse, functional damage from accidental drops or, well, your kids getting a hold of it), you can expect its value to decrease. And scratches? They’ll cost your trade-in around 23%.|
|•||Carrier – Unless you’re a Verizon customer (all the carrier’s phones are unlocked automatically two months after purchase), your wireless provider could cause your resale value to decrease between 24-51%.|
|•||Payment – While cash is convenient, opting for store credit could net you more money overall, though it’s more limited in spending.|
|•||Storage size – More GBs now means more cash in your pocket later.|
In general, an iPhone XR is worth between $130 and $265. These specific resale values are for a 256GB iPhone in good condition on the Verizon network.
Obviously, prices vary depending on your model, condition and size. For example, the same iPhone XR above won’t be worth anything at Best Buy if it doesn’t turn on, while a shiny new, never-activated iPhone XR is valued at $369 at GadgetGone.
Based on the price range above, you’ll notice that where you decide to trade in your used iPhone XR can make a world of difference with resale value. While leaving an ecoATM with $130 in your pocket sounds like a win, you might change your mind when you see the $265 you could get from GadgetGone by simply shipping your phone in and waiting a few days. And although a $180 account credit from your carrier is no small amount, what if you actually need cash instead?
In short, if you’re ready for an upgrade or simply looking for a way to make a few bucks fast, the best thing you can do is comparison shop for iPhone resale values at a variety of trade-in programs. Don’t just stick with your carrier, Apple Trade In, or big-box retailers like Best Buy – revolve your search to include buyback sites like GadgetGone and wildcard options such as ecoATM, Amazon, and GameStop.
And don’t forget to look for any special promotions they might be running to help maximize your money. Plus, many companies (like GadgetGone) even offer price matching if you receive a better quote from a competitor.
With just a bit of legwork, you can be sure you’re making the most money possible on your old iPhone XR.
To give you a boost, we investigated the current resale values at some popular buyback options.
Please note that the values below are for a 256GB iPhone XR with Verizon in good condition. Your specific quote will vary according to your iPhone’s storage size, condition, and carrier.
|Amazon Trade-In (store credit)||$167|
|Best Buy Trade-In (store credit)||$190|
|GameStop Trade-In (store credit)||$200|
|Apple Trade In (store credit)||$200|
|AT&T Trade-In Program (store credit)||$140|
|T-Mobile Trade-In Program (store credit)||$140|
|Verizon Device Trade-In Program (store credit)||$142|
Think trade-in works more in your favor? Take a look at 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 choosing your buyback program. Some are helpful, but others are limited with where you can spend your credit – or don’t give you the cash you’re looking for!
We know you’re in a hurry to get a new smartphone model, but don’t get carried away just yet. iPhones may have consistently higher resale values, but there’s one thing that can cause even the most persistent to take a nose-dive: the announcement of a new iPhone model. Following its release, you can count on trade-in values to plunge around 30% just in the first 24 hours. This time around, that depreciation rate could even double. (Fortunately, the announcement of an iPhone 14 isn’t happening anytime soon, as far as we know.)
Our recommendation? Act fast. If all that pressure makes you nervous, don’t be. Many trade-in programs will lock in your price for you (GadgetGone will save your offer for 14 days), giving you lots of time to shop around for quotes before you make a final decision. Don’t be afraid to leverage this while iPhone XR resale values remain high.
Another factor can also cause your resale value to fluctuate, this time after the trade-in process has begun: your phone’s condition. You might look at your beloved iPhone XR and think it’s in good condition, but the evaluator and the software they use may not agree, especially if there are issues hidden below the Gorilla Glass surface. So, don’t be shocked if your offer decreases as a result. (Some companies, such as Amazon, even use a third-party company to analyze purchases for them, so let the seller beware.)
Being in this business, we’ll be the first to acknowledge that this can be completely frustrating. That’s why we (and many other buyback options) will happily send your iPhone back to you for free, with no questions asked, if you’re not satisfied with your updated offer. However, that’s not the case with all trade-in programs (cough hack, Verizon, cough hack).
In other words, do your research first, and if you find an offer that’s irresistible (like, say, the high cash prices of GadgetGone), act accordingly. Good luck on your sale and your soon-to-be-new device!
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