Most modern smartphones will easily last for three, four, or even five years provided you take decent care of them. But at some point, you will start to consider upgrading. The iPhone 8 is coming up on five years old in 2022. If you have one serving as your daily driver, you may be looking to upgrade.
If you are planning to upgrade, you may also be wondering how much a used iPhone 8 is worth. First, in a bit of good news — the iPhone 8 is still one of the best and most popular iPhones you can get because they are great smartphones for casual users and first-time smartphone buyers. Keep reading to find out how much an iPhone 8 is worth in 2021.
Read our How much is my iPhone worth blog post if you are interested in checking the value for other iPhone models.
What is the iPhone 8 resale value in 2022?
The iPhone 8 was released in September 2017, and it arrived as one-third of the 11th generation iPhone lineup. The other two models are the iPhone 8 Plus and the iPhone X. The iPhone 8 is available with options for 64GB, 128GB, or 256GB of storage space, and it launched with a starting MSRP of $699. The $699 price point was for the 64GB model, and the price maxed out at $849 for the 256GB model.
The resale value for an iPhone 8 in September 2021 will depend on several factors, such as the condition and the amount of storage space. And perhaps equally important — whether you sell the phone for cash or use a trade-in service. The table below shows the difference between selling your iPhone 8 for cash and using a trade-in service.
|Apple iPhone 8||$199 (average)||Up to $120||Up to $100|
Trade-in services such as what Apple and Best Buy offer are convenient. But it is hard to ignore the differences in value, and the end result is that you are trading value for convenience when you use a trade-in service. A trade-in also often takes a bit longer as compared to selling, and when trading in you often end up with a gift card that can only be used with one retailer.
As for the dollar amounts shown in the above table, the Swappa price is an average for all iPhone 8 listings. This includes models listed in Mint, Good, and Fair conditions, as well as those with 64GB, 128GB, and 256GB of storage. In other words, you may get a bit more or a bit less, depending on the exact model that you are selling.
The Apple trade-in price is noted as being an “up to” price, which means that is the most money you can expect. The Best Buy trade-in price is noted as being an “estimate” and the amounts quoted in the table reflect a Good condition model with 256GB of storage space.
Sell your iPhone 8 on Swappa
Prices for used smartphones tend to drop slightly from month to month, so the sooner you list your iPhone 8 for sale — the better. And by better, we mean the more money you stand to get, which will really help if you are selling your iPhone 8 to fund your upgrade.
We’ve shown here in this post that it is better to sell a used iPhone, as opposed to trading it in. But there is another factor to consider, and that is where you should list it for sale. We recommend selling your used iPhone 8 in the Swappa marketplace. Swappa is an active marketplace, and the iPhone 8 is regularly amongst the top-ten bestsellers. Swappa also has very low fees, which means you get quite a bit more money into your bank account.
We encourage you to review our listing criteria requirements to ensure your iPhone 8 can be listed. For example, all smartphones listed on Swappa must be fully functional, and they cannot have any cracked glass. Otherwise, a tap of the green button below will get you started.