Back in early September, Apple announced its new iPhone 14 lineup consisting of the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max.

According to CNET, the latest cohort features always-on displays, quad-pixel sensors, a photonic engine, 5G support, eSIM (no more physical SIM cards!) and emergency SOS capability via satellite and AI crash detection, among other upgrades.

If the recent announcement has you hankering for a new iPhone, you’re not alone. We’re definitely entering the season when people upgrade old phones for the latest and greatest technology!

But the iPhone 14 starts at $799 and the Plus at $899. For the Pro and the Pro Max, prices start at $999 and $1,099, respectively. Bear in mind that you can lower the cost slightly when you buy direct from Apple using the Apple Card with an instant 3% cash back. That works out to be about $24 off the new iPhone 14.

But you can get a whole lot more in trade-in value by bringing your existing phone to the table when you’re ready to upgrade!

How do I know if my phone is eligible for trade-in?

In general, many carriers will let you trade in phones that are unlocked, deactivated and in good working condition with minimal or no damage. You must also own your phone outright.

Be sure to reset your phone to the factory settings and remove any passwords or locking features before trading it in. Finally, you’ll want to make sure your phone has all personal data wiped clean, too.

What are some of the major carriers offering for trade-in?

All quotes accurate as of October 10, 2022:

• For existing and new AT&T customers: Get up to $800 credit after trade-in
• For existing Sprint customers: Get $340-$920 credit after trade-in
• For existing T-Mobile customers: Get up to $400 credit after trade-in
• For existing Verizon customers: Get up to $800 credit after trade-in

How about the smaller players?

A select few of the smaller mobile players also have offers for trade-in:

• Metro by T-Mobile
• Boost Mobile

Unfortunately, at this time the following players don’t accept trade-ins:

• Mint Mobile
• Cricket
• Consumer Cellular

How about trading in my phone at Costco?

Costco Wholesale has teamed up with MembershipWireless.com to offer trade-in incentives for people who want the new iPhone 14.

Here’s what’s currently being offered as October 10, 2022:

• Verizon customers: Up to $1,000 on an iPhone 14 or 14 Pro with select trade-in and select 5G Unlimited plans
• T-Mobile customers: Up to $630 when you activate a new line of service
• AT&T Next Up customers: Up to $350 off the iPhone 14 Pro Max
• Other AT&T new and existing customers can get up to $800 with eligible trade-in

Of course, you can always save big by buying used or refurbished. These deals could end at any time!

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