Your iPhone 8 ($234 at Back Market) is the latest and greatest iPhone right now, but it won't be shortly when the iPhone X ($900 at Boost Mobile) is released. Are feelings of buyer's remorse starting to creep in? You aren't alone. iPhone 8 trade-ins are a thing. Here's what you need to know about swapping out your iPhone 8 or iPhone 8 Plus ($399 at Back Market) for the .
You'll have to pay it off
If you purchased your iPhone 8 on an installment payment plan, then you will need to pay off the balance before you can sell it. If you're in the, you can upgrade but will need to do a little legwork.
Read the Terms & Conditions of the Upgrade Program and you'll notice that the Early Upgrade Option states you can make advance payments to become eligible six months after enrolling. That means iPhone 8 owners, who are only a month or so into their upgrade program, would need to wait nearly another five months before becoming upgrade eligible.
That didn't seem right to me, so I called my local Apple Store and asked a representative if I could upgrade my iPhone 8 as soon as the iPhone X is released. The rep informed me that, yes, I could upgrade as soon as the iPhone X hits, but I would need to call Citizens One (1-888-201-6306) to pay off my loan. And after paying this sum to bring me up to the equivalent of 12 installment payments, I would be upgrade eligible and could trade in my suddenly outdated iPhone 8 for the shiny and new iPhone X.
Back up, then erase
Before you box up your iPhone 8 and ship it off, you need to prepare it for sale by removing your personal information. Here's what to do:
Perform one last backup of your iPhone to iTunes or iCloud so you have a recent profile to grab when setting up your new iPhone X.
Sign out of both iCloud and iTunes & App Store. Open Settings, tap your profile at the top, scroll down to the bottom and tap Sign Out.
Erase your personal information. Go to Settings > General > Reset > Erase All Content and Settings.
Gather the accessories
Since you've had the iPhone 8 for only a month or so, it shouldn't be too difficult to gather all of the accessories that came with it. Here's the list:
- EarPods with Lightning Connector
- Lightning-to-USB Cable
- Lightning-to-3.5mm Headphone Jack Adapter
- USB Power Adapter
Sell it -- but not through Apple
Because they are only a little more than a month old, neither the iPhone 8 nor the iPhone 8 Plus are listed on Apple's trade-up site. Without Apple as a trade-in partner, you will need to look at a third-party trade-in site such as Decluttr or Swappa (but not the popular Gazelle, which has yet to add either iPhone 8 model). Or you could, of course, try your luck with eBay or Craigslist. Hunt around for best deal.
At the time of this writing, Decluttr will pay roughly $415-$430 (depending on the carrier) for a 64GB iPhone 8, $450-$500 for a 256GB iPhone 8, $515-$530 for a 64GB iPhone 8 Plus and $600-$630 for a 256GB iPhone 8 Plus.
Get ready for the iPhone X
Before you pull the trigger on an iPhone 8 sale, be sure you have an iPhone X purchase lined up. Supplies will be severely limited at launch, but there are ways to increase your odds of getting an iPhone X.