In these crazy times, there are a few indisputable truths: People still can't find a PlayStation 5; TikTok challenges are still pointless; and people are still obsessed with iPhones. While there isn't much mystery about the first (supply and demand, and... okay, we can't figure out the other), what is it about the iPhone 7 that continues to draw people in year after year? Being a trusted brand, it is difficult to compete with Apple's quality.
With high-quality materials, innovative technology and striking features, Apple iPhones are consistently ahead of what a smartphone can be. Plus, with long-term access to the latest iOS updates for even the oldest iPhones, Apple fans can continue using their favorite model long after the average upgrade cycle.
All of this adds up to another benefit for iPhone owners: consistently higher resale values compared to their Android counterparts. While brands likeGoogle en Huaweivalue decline of approximately 67% and 74% respectively in value over 12 months, this is a far cry from the approx.43%depreciation rate on iPhones per year. That's a significant chunk of change left when you're ready to upgrade.
By now you've probably upgraded to a newer model like the iPhone 12 or 13, but if you have an iPhone 7 lying around you can still get quite a bit of value out of it, provided it doesn't get crushed under the old one your grandma's crockpot. .
So how much can you expect for your phone? Let's find out below!
Contents
How much is an iPhone 7 worth?
Keep your options open
iPhone 7 resale value comparison chart
Act quickly while the sales value lasts
What can I get for my iPhone 7?
The iPhone 7, a device that's over five years old (introduced in September 2016), was a progressive smartphone wrapped in a familiar package (without a headphone jack, of course – not that we're bitter). Since Apple's discontinuation, you can still buy the iPhone 7 and iPhone 7 Plus atthird party companiesfor around $300 and $400 respectively (down from their original $649 and $769), making them a great option for those on a budget. (And many of us are feeling it right now.)
Of course, with the recent arrival of the iPhone 13, you may be tempted to finally upgrade and wonder what your iPhone 7 is worth. In general, the resale value of the regular device or the iPhone Plus 7 device will depend on several things:
| • | Condition- Bumps,cracked back glass, and functional damage (it happens): whatever the problem is, it will cost you. Even a few superficial scratches can lower your buyback offer all around23%. So make sure to check your device first. |
| • | Carrier– Do you have a carrier unlocked phone or a Verizon phone (all phones on the Verizon network are automatically unlocked 60 days after purchase)? It will improve your resale value. For everyone else, the trade-in value of your iPhone will decrease. |
| • | Payment– Cash is nice, but if you choose store credit you can get a higher payout, although this will be limited by how you use it depending on the retailer. |
| • | Stock size– The larger the inventory size, the better the payout. Simple. |
All in all oneiPhone 7is worth itbetween $30 and $81while aiPhone 7 Plusis worth itbetween $55 and $145. These specific trade-in values apply to devices in good condition with 256 GB of storage on the Verizon network.
Your own offer therefore depends on the specifications of your device. An iPhone 7 that won't turn on is probably worthless in most places. In contrast, an iPhone 7 Plus that has never been activated would cost you a cool $230Gadget disappeared.
Check all redemption options
Before you decide to trade in your old iPhone 7, it might be a good idea to shop around for its trade-in value. Believe it or not, resale values can vary wildly – sometimes double or more – depending on the buyback option you use. Sure, it might sound tempting to grab $55 at the ecoATM, but it's a far cry from the $145 you can get for an iPhone 7 Plus atGadget disappeared. Likewise, getting $85 in Best Buy store credit for your used iPhone 7 is great, but not the best option if you're looking for cash.
So whether you're upgrading or looking to save some money, always keep your options open. Add buyback pages such asGadget disappearedand other options such asøkoATM,Amazon, InGame Stoptogether with your provider,Apple trade-inand big box retailers. Get extra mileage out of your trade-in value with limited-time promotions or price matching (this is especially true on select dealer trade-ins, but again, no cash).
With a little time and effort, you're sure to find a buyback (and payout) program that meets your needs.
iPhone 7 resale value comparison chart
To give you a competitive edge, we've compiled an updated list (as of January 2022) of trade-in values from a collection of buyback options. As with the values above, the following prices are for an iPhone 7 or iPhone 7 Plus with 256 GB of storage in good condition on the Verizon network. Again, your specific offer will depend on the specifications, size and condition of your own iPhone.
| iPhone 7 | iPhone 7 Plus | |
| Gadget disappeared(cash) | 81 USD | $ 145 |
| Amazon indbytning(store credit) | $ 43 | $ 61 |
| Trade in best buy(store credit) | 40 USD | 90 USD |
| økoATM(cash) | 30 USD | 55 USD |
| GameStop-indbytning(store credit) | $ 76 | $ 137 |
| Apple trade-in(store credit) | 40 USD | $ 100 |
| AT&T indbyteprogramma(store credit) | 35 USD | 45 USD |
| T-Mobile indbyteprogramma(store credit) | $ 36 | 45 USD |
| Verizon device trade-in program(store credit) | $ 36 | 48 USD |
Some of these may be interesting (especially our offers), but feel free to check out our reviewsAmazon indbytning,Trade in best buy,økoATM,GameStop-indbytning,Apple trade-in,,T-Mobile-indbytning, InTrade-in Verizon devicesbefore making a decision.
Please note, trade-in values can change quite quickly
Do you want to sell your device? Don't sleep on your research. Thanks to an ever-fluctuating resale market, resale values are always changing. However, this is especially true for 24 hours after a new iPhone is launched. While it's unlikely that a new iPhone will be introduced tomorrow, the resale value of a previous device could decrease30%. This year, don't be surprised if that depreciation rate gets closer60%when a new model is eventually introduced.
In other words, if you come across an offer you like, lock it. "But didn't you just tell me to take the time to comparison shop?" Yes, and fortunately these two things are not mutually exclusive.
Many buyback programs hold your bid for several days (Gadget disappearedfor example, locks your price offer for 14 days – two weeks!). Plus, since offers are non-binding, you can keep piling up offers (and maintaining a high resale value) until you find one that meets your needs. If that's not a win, we don't know what is.
Once again, we can't reiterate the importance of one thing that can have a huge impact on the resale value of your iPhone 7: its condition. Once your phone is received by whichever buyback program you choose, its condition (i.e. cosmetic and functional issues) will be assessed both manually and with software. (And keep in mind that some companies, like Amazon, outsource to better-informed third-party examiners rather than doing everything in-house.)
If the results of this evaluation do not match the status you specified when you first received an offer, your offer will be adjusted accordingly. It's certainly frustrating, but it happens. To save your future self from potential heartache, be as specific and honest as possible when choosing your iPhone's mode. This involves identifying any cracks, dents or technical problems with the phone. They will make the difference between getting the highest value and the lowest dollar.
What if your offer is lowered and you decide to change your mind about the transaction? Not all hope is lost.Gadget disappeared, along with many other buyback options, will happily ship your phone back to you for free (or for a small shipping fee, with some trade-in programs) with no questions asked. However, this is not the case with all companies. For some (likeVerizon), once you ship your phone, you can't get it back.
So take your time, do your research, find a deal that suits you, plug it in and move on to a new iPhone model!
Follow us on social media for more helpful tech tips, future specials, and behind-the-scenes GadgetBack goodness! (And we have a dog!)
Instagram:Gadget disappeared
Facebook:Gadget disappeared
Tiktok (with videos!):GadgetGone_
Twitter:@GadgetGone
Ready to see what your iPhone 7 is worth?
Our no-obligation offers are simple, fast and hassle-free.
