Is It Better to Sell or Trade In Your Old iPhone? Exploring Your Options

As CEO of BankMyCell.com since 2016, Ash has been a pivotal figure in the mobile tech industry. With a background in managing Brightstar’s PhoneRecycleBank, he boasts extensive experience with global carriers and MVNOs like T-Mobile and O2, and leading manufacturers such as Apple and Samsung.

Updated on February 03, 2026
Fact Checked By Marlene Centeno.

60-Second Summary

In order to help you make a decision on whether you should sell or trade in your iPhone, we have prepared a short guide. It will cover all important aspects of the process and present to you the pros and cons of both methods.

Decision Breakdown

• Choose selling for max value (15-30% more) & don’t mind the extra work.
• Choose trade-in for immediate convenience & smooth upgrade (lower payout).

The Truth About the Value

Here’s a numbers comparison from the top:

• Private sale: 100% reference value ($350-400 for iPhone 12 Pro)
• Buyback services: 70-85% of private value ($300-340)
• Apple trade-in: 60-75% of private value ($250-300)
• Carrier trade-in: 40-60% of private value ($200-250)

The Truth About the Work

• High work, high value: Sell privately
• Middle of the road: Buyback service
• Lowest work, low value: Trade in program

Security & Safety Matters

Protect your data in all cases:

1. Back up and transfer all content.
2. Sign out of iCloud and the iTunes & App Store.
3. Turn off Find My iPhone.
4. Erase all contents and settings.
5. Remove the SIM card from the phone.

Good Candidates for Each Method

• Sell your iPhone 12 Pro when: Your device is in great condition, you can’t wait to get your money, and you don’t mind the process.
• Trade in your iPhone 12 Pro when: You are looking for zero hassle, upgrading through Apple or your carrier, and have a device with minor damages.

Bottom Line

• To maximize your return: Sell the device yourself, or use BankMyCell to compare offers.
• To maximize your convenience: Trade in through Apple or carriers, but be prepared for less value.

Summary

Deciding whether to sell or trade in your old iPhone depends on various factors including the device's condition, your financial expectations, and time constraints. Selling typically yields higher returns, while trading in offers convenience.