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Samsung’s Trade-In Program Offers Mixed Bag for Consumers, Apple Devices See Boost
Samsung’s latest trade-in initiative presents a complex picture for consumers looking to upgrade their devices. While some Samsung handsets may see reduced trade-in values compared to previous promotions,apple devices,notably the iPhone 13 Pro Max and iPhone 15 pro max,are slated to receive higher valuations under the new scheme.
As an example,the Samsung Galaxy S23 Ultra,which was valued at ยฃ449 ($449.39) in June, is now being offered at ยฃ340 ($456.82) through the new program. Conversely, the Apple iPhone 13 Pro Max saw its trade-in price increase from ยฃ230 ($310.39) in June to ยฃ335 ($450.11) with the new scheme. Similarly, the Apple iPhone 15 pro Max’s trade-in value has risen from ยฃ500 ($674.75) to ยฃ615 ($826.31).
The pricing structure for Samsung devices appears to be influenced by current promotional offers, such as the pre-order deal for the Galaxy Z Fold 7. This suggests that Samsung’s trade-in valuations for its own devices may fluctuate based on ongoing sales events.
Despite these variations, the new scheme can be a beneficial option for individuals aiming to secure a trade-in price for future use as store credit. This is particularly relevant as phone valuations typically decrease over time, especially as devices approach the end of their software support lifecycle, as was observed with the Galaxy S20 Ultra earlier this year. Consumers are advised to regularly check Samsung’s official website and the Samsung Shop app for potential promotions that might offer more favorable prices for their used phones.
July 27th Update: U.S. Market Sees Strong Trade-In Values for older Samsung Models
In the U.S., Samsung continues to offer attractive trade-in discounts, even after the pre-order period for the Galaxy Z Fold 7 has concluded.The company is currently featuring inflated trade-in prices for older Samsung devices, with some valuations rivaling previous major promotions.Notable trade-in offers for Samsung devices include:
Galaxy Z Fold 5: $900
Galaxy S24 Ultra: $800
Galaxy Note 20 Ultra: $600
Galaxy S22 Ultra: $500
* Galaxy S21 Ultra: $400
The Galaxy Note 20 Ultra, originally released in 2020, stands out with a $600 trade-in value. For those without a device to trade in, purchasing a note 20 Ultra on secondary markets like eBay can be considerably more cost-effective, with prices often falling below $200.
Samsung’s trade-in program appears to prioritize its own Galaxy devices, with less competitive pricing for apple handsets and other Android devices. For example, the iPhone 13 Pro Max is valued at $300, a figure that could perhaps be surpassed in the secondary market depending on the phone’s condition. Google Pixel phones also exhibit lower trade-in values, with exceptions like the Pixel 9 Pro and Pixel 9 Pro Fold at $600. Though, the Pixel 8 Pro is valued at $250, and the Pixel 7 Pro at $150.