While no longer the latest model, the Apple iPhone 11 still holds significant resale value in 2023. Released in 2019, this device demonstrates the enduring appeal of iPhones in the used smartphone market. If you’re considering selling your used iPhone 11, understanding its current worth is crucial to maximizing your return. This guide will explore the factors influencing its resale value and where to find the best offers. It will also give you an idea of how much a used iPhone 11 is worth today and where to sell it.
Why iPhones Retain Higher Resale Value
While the resale price of any used gadget depends on many factors, a brand would be one of the determining ones. And yes, used iPhones are more expensive, just because Apple makes them. As a result, iPhone has almost become a statement, a sign of status, if you will. But that’s not the only reason. iPhones set themselves apart because of high-quality components and impeccable design. For example, even the tiny little iPhone 13 Mini is powered by the mighty Apple A15 Bionic chipset and is comparable to a pocket computer.
Furthermore, Apple’s commitment to long-term software support ensures that older iPhones remain functional and desirable. This continuous iOS support makes used iPhones a practical choice for budget-conscious consumers.
However, one can argue that there is no such thing as a budget Apple phone. While there is an Android phone for every budget, you cannot buy a new iPhone cheaply. As a result, even an older used Apple, such as an iPhone 11, is usually worth more than a more recent Samsung.
Here, we start noticing an interesting trend. On the one hand, any iPhone model dramatically drops in value as soon as it is taken out of the box, just like any other gadget would. On the other hand, fast-forward a couple of years, and your used iPhone 11 is still worth something. But when you look at the Google Pixel 3a, released the same year, it can hardly be resold.
Factors Affecting iPhone 11 Resale Value
Several factors determine the current iPhone 11 trade-in value:
- Release Year: While 2019 seems recent, tech moves fast.
- Configuration: Storage size (64GB, 128GB, 256GB) dictates the price.
- Functional Condition: A fully working phone fetches a higher resale return.
- Cosmetic Condition: Scratches and damage reduce value.
- Carrier Lock: Unlocked iPhones have greater resale potential.
Maintaining your iPhone 11 with a case and screen protector can significantly improve its resale value.
iPhone 11 Trade-in Value in March of 2022
Here’s an overview of current iPhone 11 resale prices:
- Unlocked iPhone 11 256GB: Up to $250.
- Apple iPhone 11 64GB (AT&T): Up to $206.
- iPhone 11 128GB (Sprint/T-Mobile): Around $205.
Note: These are estimated prices, and actual offers may vary.
Important Considerations:
- Most buyers prefer unlocked iPhones.
- Financed or locked iPhones are not accepted for resale.
- Maximize the return by unlocking your smartphone.
Where to Sell Your Used iPhone 11?
For the best iPhone 11 trade-in value, explore reputable online marketplaces and trade-in services. Companies like Gadget Salvation offer competitive prices and a convenient selling process. In other words, an online buyback is the way to go if you need to sell your used phone fast.
Bottom Line
Even though the Apple iPhone 11 model is now three years old, it still has pretty good resale value on second-hand marketplaces. As you can see, an iPhone has a clear advantage over Android phones in that regard. Because it is made with recycled materials, the iPhone 11’s lifespan is extended even further.
