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What's the Verizon Best Value Guarantee for upgrades available with myPlan mobile phone plans?
How does a device trade-in work?
Who is eligible to trade in a device?
Right now, our family plan has an option to trade in an old phone and receive a free iPhone 15/iPhone 15 Pro. We have to pay the sales tax on it/etc but the phone itself is free.
The salesperson said the deal might not last for very long and he wasn’t sure when it would go away. I have an iPhone 11 that is 3.5 years old, and it works despite having a somewhat crappy battery. How rare is this deal? Should I take advantage of the deal or wait until I really need a new phone?
Also how is this beneficial to Verizon?
I have fully paid off my iPhone 13PM that I’m going to trade in for the iPhone 15PM. I plan on using Apple’s Verizon carrier promo, but I have the “The new Verizon Plan Small 2 GB” which I pay $50/month. Will I still be eligible to trade-in with my current plan through Apple? Thanks in advance.
No. You need to have minimum of 5G Start plan to get higher trade-in credit ($429)
You can still trade-in thru VZW trade-in website even though it would probably give you much less.
no. a plan change is required.
even if you get a loyalty offer, those require at least an unlimited plan.
Verizon is advertising a deal where you can get up to $1,000 off a new iPhone (like the 16 Pro) when you trade in your old phone — sounds amazing, right? I almost did it, but when I ran the numbers, it turned out to be a lot less valuable than it seems.
Here’s how it actually plays out: • I currently have an iPhone 14 Pro Max 256GB, which has a resale value of around $600 in excellent condition (not $700–$850 like I previously thought — sorry for the overestimate). • I’m on Verizon’s Unlimited plan with a $15/month BYOD (bring your own device) discount, and my total bill is $195/month. • If I do the trade-in: • Verizon removes my $15/month BYOD discount • They charge me $2.77/month for the new phone (after applying the $1,000 trade-in credit over 36 months) • My new monthly bill becomes $212.77
That’s a $17.77/month increase Over 36 months = $639.72 extra paid over time
So I’m “saving” $1,000 on the iPhone… but paying $640 more on my bill, which is basically just another way of financing the phone over 3 years.
And I’m giving up a phone worth $600 to do it.
$640 ÷ 36 months = $17.77/month — almost exactly what it would cost to finance the iPhone yourself without losing your BYOD discount or trade-in device.
Bottom line: Verizon’s “$1,000 off” is just a shell game: • They give you $1,000 in bill credits • But quietly raise your monthly bill in ways that offset most of it • And you lose flexibility (e.g., switching carriers = lose remaining credits)
If you sell your phone and buy a new one directly from Apple, you keep more value, avoid hidden bill increases, and don’t get locked into a 3-year commitment.
Don’t fall for the fine-print math — it’s not a “free iPhone.” It’s a clever upsell wrapped in shiny marketing.