Sprint Trade-In Program: Fast Money or Bad Deal?
Is the Sprint trade-in program a good deal, or should you look for other smartphone buyback options? We investigate!
How does Sprint’s trade-in program stack up to other trade-in options? Let’s take a look!
Is the Sprint trade-in program a good deal?
Let’s compare how much Sprint will pay for some popular phones versus trade-in offers found on Flipsy.com (as of 3/1/2018).
|iPhone 8 Plus (Verizon 64GB Gray)||$360 credit||$557 cash|
|iPhone 8 (AT&T 64GB Gray)||$315 credit||$411 cash|
|iPhone 7 Plus (Sprint 32GB Black)||$210 credit||$333 cash|
|iPhone 7 (T-Mobile 32GB Black)||$150 credit||$296 cash|
|Galaxy S8 Plus (Verizon 64GB Black)||$220 credit||$370 cash|
|Galaxy S8 (AT&T 64GB Black)||$200 credit||$316 cash|
|Galaxy S7 Edge (Sprint 32GB Black)||$85 credit||$188 cash|
|Galaxy S7 (T-Mobile 32GB Black)||$40 credit||$167 cash|
|Phone not listed? Find your exact phone on the Sprint Buyback page, then compare it to offers on Flipsy.com|
As you can see, Sprint is not the highest-paying buyback option. In fact, we found that Sprint paid an average of 50% less than Flipsy vendors for the models compared.
Another important consideration: Sprint only pays in store credit, applied to your bill within three billing cycles. Thus, you must wait to get your credit and you must be a Sprint customer to spend it. Our vendors offer cash payouts, so you’re free to spend your money however (and wherever) you’d like.
How the Sprint trade-in program works
Start by visiting the Sprint Buyback page, then:
- Search or browse for your phone
- Answer a few questions about your phone and its condition, and Sprint will present an offer
- Accept the offer, and Sprint will email you a prepaid shipping label along with packaging and shipping instructions
- Once Sprint receives your phone and verifies its condition, credit will be applied to your account within three billing cycles
With lower payouts and delayed payments limited to store credit, Sprint does not offer the best deal for used phones. If you want more money (and in cash), it pays to check Flipsy first.
Next: Samsung Galaxy Tab S3 – Available Date, Specs, Rumors, Price, and More