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When upgrading your smartphone, understanding the resale value of your current device can help you make smarter financial decisions. Verizon’s trade-in program offers a convenient way to exchange your old iPhone for credit towards a new device. But which model, the iPhone 12 or iPhone 13, holds its value better in the resale market? Let’s explore the differences.
Overview of the iPhone 12 and iPhone 13
The iPhone 12, released in October 2020, was a significant update with 5G capabilities, a new design, and improved cameras. The iPhone 13, launched in September 2021, built upon these features with a faster processor, better battery life, and enhanced camera systems. Both models are popular, but their resale values can vary based on several factors.
Resale Value Factors
- Condition: Devices in excellent condition fetch higher prices.
- Storage Capacity: Higher storage models tend to resell for more.
- Market Demand: Newer models or those with popular features may resell better.
- Carrier Lock: Unlocked phones generally have higher resale value.
Resale Trends for Verizon Trade-In
Over the past year, the resale values for the iPhone 12 and iPhone 13 have shown interesting trends. The iPhone 12, being an older model, typically resells at a lower price but remains popular due to its affordability. The iPhone 13, with its newer features, commands higher resale prices, especially in top condition.
Comparison of Resale Values
Based on recent trade-in data and secondary market listings, here’s a comparison:
- iPhone 12: Resells for approximately 60-70% of original retail price, depending on condition and storage.
- iPhone 13: Resells for about 70-80% of retail price, reflecting its newer status and demand.
Which Resells Better?
The iPhone 13 generally resells better than the iPhone 12 on Verizon’s trade-in program. Its higher resale value is driven by its recent release, improved features, and continued demand. If maximizing trade-in value is your goal, opting for the newer model can be beneficial.
Tips to Maximize Your Trade-In Value
- Keep your device in good condition: Avoid cracks and water damage.
- Clean your phone: Remove dirt and fingerprints before trade-in.
- Back up and erase data: Protect your privacy by resetting your device.
- Choose the right time: Trade in when new models are released for better offers.
Conclusion
For Verizon trade-ins, the iPhone 13 tends to resell at a higher value than the iPhone 12. Consider your device’s condition, storage, and timing to get the best return. Upgrading with a trade-in not only benefits your wallet but also helps reduce electronic waste.