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Scouting for a mouth-watering deal on Apple products? Consider trading in your current device when buying your next device. But what exactly is a trade-in, and how do you check the trade-in value of iPhone, iPad, Apple Watch, and MacBook?
Well, this article explains it all! Besides, there are many ways to trade-in your old Apple device. Let’s start with the basics!
Trade-in value is the money you get for your Apple device. Typically, vendors adjust the value of your current device against new purchases. For instance, you can trade-in your old iPhone and get a credit to buy a new one.
However, it is essential to check your device’s (iPhone, iPad, Apple Watch, and MacBook) trade-in value before upgrading. I suggest spending some time across multiple websites to get the best quote. But when is the right time for trade-in? Read on.
Note: The majority of trade-in programs mandate purchasing a new device. In other words, you get store credits instead of cash.
Trade-in value depends on many factors, including your device’s condition and the product’s life cycle. Hence, obviously, newer iPhones, Apple Watches, and MacBooks will fetch a better price than older ones.
The best time to trade-in your device is before new ones are launched. Values of current devices plunge after Apple launches newer models. It is especially true for iPhone, iPad, Mac, and Apple Watch. Besides, the price drop is as steep as 30%.
iPhone is arguably the most popular smartphone. It is easy for companies to refurbish used iPhones and make a profit. The websites quote depending on self-assessment. Furthermore, the trade-in will be approved only after a visual inspection.
That’s it! Now, your iPhone’s trade-in value will be displayed. You also get an option to trade-in iPhone for a gift card.
Use this option only if you are buying on BestBuy.
BestBuy will give you an estimated trade-in value. However, if you prefer cash over store credit, it’s better to sell your iPhone.
Planning to buy a fancy new Apple Watch? Trade-in your smartwatch and save some money. Apple Watch has a relatively low trade-in value, primarily because of high battery replacement costs and high out-of-warranty fees. Before selling, ensure you have reset it to the default factory settings to protect your data from falling into the wrong hands.
Below are some of the best ways to trade-in the Apple Watch.
However, you can trade-in your Apple Watch against store credits.
Now, trade-in Apple Watch for a BestBuy gift card. Use it for your next purchase.
Apple recently took the wraps from the M1-powered iPad Air. The latest iPad offers unparalleled performance while the mini-LED Liquid Retina takes care of display needs. Now is the right time to switch to the new iPad. Trade-in your current iPad and use the credits to buy a shiny new iPad.
BestBuy will now show the trade-in value. After a successful trade-in, you will receive a gift card!
The new M1, M1 Max, and M1 Ultra MacBooks are here. Now is the time to exchange your old and sluggish Intel Mac for a newer one. Before trading, ensure that your Mac is backed up. Battery health, physical condition, and other factors decide the final trade-in value. Keep MacBook serial number in handy.
That’s it!
Interestingly, Apple offers the best trade-in value for MacBook. Perhaps this is to incentivize new MacBook purchases. DeClutter offered the least price for my MacBook Air. However, the case is the opposite for other Apple products! You get more value for iPhone, iPad, and Apple Watch on selling.
Typically, you will get more money selling directly. However, selling directly is not easy. You will have to waste hours replying to prospective customers, meeting them up, and waiting for the deal to close. Trade-in offers cash/store credit upfront.
In other words, you are trading peace of mind for a little less money. When upgrading, also check for deals on refurbished iPhones, Apple Watch, and MacBook.
Moreover, sometimes Apple offers bonus trade-in value for select Android flagships. The offer is aimed at persuading Android users to jump ship. Share your experience trading in an Apple device in the comments below.
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