Can I Sell My iPhone 13 If I Still Owe Money On It? (Mini, Pro, Pro Max)

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By Ash Turner
As CEO of CompareMyMobile.com and BankMyCell.com since 2009, Ash has been a pivotal figure in the mobile tech industry. With a background in managing Brightstar’s PhoneRecycleBank, he boasts extensive experience with global carriers and MVNOs like T-Mobile and O2, and leading manufacturers such as Apple and Samsung.

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| Updated on February 16, 2024
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Joey is adept at creating comprehensive comparison guides and product reviews for devices from brands like Apple, Samsung, and Google. His expertise extends to thorough evaluations of smartphones, tablets, smartwatches, MVNOs, and phone plans, all while simplifying intricate technical information into easily understandable content.

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Are you the proud owner of an iPhone 13, iPhone 13 Mini, iPhone 13 Pro, or iPhone 13 Pro Max? If you’re contemplating selling your financed device, you’re in the right place. In this comprehensive guide, we’ll delve into the world of financed iPhones, exploring what it entails, how to go about selling it, and the essential considerations when selling a phone still under a payment plan. Whether you’re eyeing an upgrade or simply looking to part ways with your beloved iPhone, we’ve got you covered.

Quick Guide: Selling a Financed iPhone 13

Can you trade in an iPhone 13 that isn’t paid off? (Financed)

If you’re keen on selling your financed iPhone from the iPhone 13 Series, BankMyCell is the ultimate solution for you. A financed iPhone implies that you’re in the process of making payments through your carrier’s installment plan, and the good news is you can sell it while keeping up with these payments. Here’s how you can proceed and secure the best possible value for your device:

  • Continue making your monthly payments to ensure your device remains unencumbered by any blacklisting.
  • If you’re eager to expedite the selling process, you have the option to either clear the outstanding balance or settle the early termination fee (ETF) with your carrier.
  • Visit BankMyCell’s dedicated iPhone page.
  • Specify your device’s details, compare the offered prices, and select a partner buyback store that suits your preferences.
  • Follow the on-screen instructions to smoothly complete the trade-in procedure.

Currently, you can fetch top-dollar for your financed iPhone from the iPhone 13 Series, and there’s potential for even better offers if you manage to close out your contract. It’s important to note that selling financed iPhones is completely legal, and the major carriers endorse this practice as long as you’re meeting their payment requirements. BankMyCell streamlines the process, ensuring you receive the optimum value for your cherished device.

Compare iPhone 13 QuotesCompare iPhone 13 Mini QuotesCompare iPhone 13 Pro QuotesCompare iPhone 13 Pro Max Quotes

How do I know if my iPhone is Financed?

To determine if your iPhone from the 13 Series is financed, consider the following:

  • Contact your phone’s carrier to verify its financed status, indicating that money is still owed for the device under an installment plan.
  • Some IMEI checking websites can flag a phone as financed, while others may label it as “clean.”
  • A glance at your purchase receipt will typically reveal whether the device was acquired through financing.

Note: It’s imperative that your iPhone is free from any iCloud or Find-My-iPhone account locks. If you encounter any activation issues, please select the “Activation Locked” status instead.

Financed iPhone 13 Series Quotes

AT&T Carrier Logo

Can you sell an iPhone 13 that is not paid off on AT&T

Yes, you can sell any financed iPhone within the 14 series that still has money owed to AT&T on BankMyCell. You still have to pay the contract, but you can sell and use the money earned for paying the early termination fee. Sell via BankMyCell and ship your device for free.

iPhone 13 Pro Max:
(AT&T)

$250.00

iPhone 13 Pro:
(AT&T)

$170.00

iPhone 13 Mini:
(AT&T)

$100.00

iPhone 13:
(AT&T)

$110.00

Verizon Carrier Logo

Can you sell an iPhone 13 that is not paid off on Verizon

Yes selling a financed iPhone from the 14 series with an outstanding balance to Verizon is possible through BankMyCell. Although the contract payments must be met, the earnings from the sale can be applied to cover the early termination fee. Opt for BankMyCell to streamline the selling process, and enjoy the convenience of complimentary shipping for your device.

iPhone 13 Pro Max:
(Verizon)

$250.00

iPhone 13 Pro:
(Verizon)

$170.00

iPhone 13 Mini:
(Verizon)

$100.00

iPhone 13:
(Verizon)

$110.00

T-Mobile Carrier Logo

Can you sell an iPhone 13 that is not paid off on T-Mobile

Yes! If you have a financed iPhone from the 14 series and you’re still owing money to T-Mobile, no worries – you can sell it on BankMyCell. Just keep in mind, you still need to wrap up your contract, but the money you get from selling can go towards settling the early end charge. Sell it through BankMyCell, and they’ll send you a free shipping label for your device.

iPhone 13 Pro Max:
(T-Mobile)

$250.00

iPhone 13 Pro:
(T-Mobile)

$170.00

iPhone 13 Mini:
(T-Mobile)

$100.00

iPhone 13:
(T-Mobile)

$110.00

Sprint logo

Can you sell an iPhone 13 that is not paid off on Sprint

Absolutely, you can sell any iPhone from the 14 series on BankMyCell, even if you’re still paying Sprint. Remember, you’ve got to finish paying the plan, but the cash you make from selling can help cover the early stoppage cost. Just sell it on BankMyCell, and they’ll send a free shipping label for your device.

iPhone 13 Pro Max:
(Sprint)

$250.00

iPhone 13 Pro:
(Sprint)

$170.00

iPhone 13 Mini:
(Sprint)

$100.00

iPhone 13:
(Sprint)

$110.00

FAQ's: Sell Financed iPhone (Sell With Money Owed)

How much can you sell a Financed iPhone 13 Series for?

BEST iPhone 13 With Money Owed
DeviceMintCracked
iPhone 13 Pro Max$400.00$350.00See Offer
iPhone 13 Pro$330.00$300.00See Offer
iPhone 13 Mini$230.00$165.00See Offer
iPhone 13$265.00$210.00See Offer
* Best market prices updated February 28th 2024

It’s important to note that the price for a financed phone will be considerably less than that of an unlocked iPhone. Paying off the remaining balance may potentially double its value.

  • Visit BankMyCell’s dedicated page here.
  • Select your iPhone’s relevant details, including its connection, capacity, condition, and the “Financed” status.
  • Compare the prices offered by different stores and choose the one that suits you best, then follow the on-screen instructions for the trade-in process.

What does Financed mean?

An iPhone labelled as “Financed” was acquired through a retailer’s, typically a carrier’s, instalment plan. The buyer enters into a contract for a predetermined period and makes monthly payments until the total cost of the device is paid off. Until all payments are fulfilled, the iPhone remains financially connected to the carrier and is considered as “Financed.”

Can you sell a Financed iPhone 13 Series?

Absolutely, you can sell a financed iPhone from the iPhone 13 Series, even if there’s an outstanding balance on the device or if you’re still in the process of making payments. Major carriers permit the sale of such phones, as long as you continue to meet your contractual monthly payment obligations. However, it’s crucial to note that if you neglect these payments, your carrier might blacklist your device, restricting network services for the eventual buyer. To circumvent this issue, you have two options: clear the outstanding amount with your carrier or establish an agreement with them.

If you’re looking for a faster way to pay off the remaining balance, you can also opt to settle the early termination fee (ETF) stipulated by your carrier. This way, you can sell your iPhone from the 13 Series and utilise the cash to immediately pay off the outstanding balance. BankMyCell provides access to a partner buyback store, which will purchase your financed iPhone from the 13 Series in exchange for cash. The partner’s impressive service rating on Trustpilot ensures that you’ll receive excellent value for your financed iPhone, all without any risk.

Sell your financed iPhone through legitimate buyback stores via BankMyCell, and rest assured that you’ll secure the best possible cash value in the market. Simply choose the “Financed” option to obtain the most competitive quotes for your iPhone.

SellLocked logo

Average Customer Rating:

icon review 5

4.9 out of 5 on Trustpilot

  • Accepts: Passcode, iCloud, Financed & Blacklist Locked
  • Reviews: #1 Rated, 800+ reviews on Trustpilot
  • Payment: Pays you in 1-5 days via PayPal or Check
  • Shipping: FREE Shipping & FREE Returns (No Risk)

Who buys Financed iPhone 13 Series near me?

Several buyback stores are interested in purchasing financed iPhones. You can use our price comparison tool to discover which stores are featured for buying financed iPhones from the 13 Series and to compare the prices they offer. Additionally, some of these buyback stores may even provide free shipping, making it convenient to send your device from your nearest post office.

How to sell a Financed iPhone 13 Series?

Selling your financed iPhone 13 Series, whether it’s an iPhone 13, 13 Mini, 13 Pro, or 13 Pro Max, is a straightforward process:

  • Visit BankMyCell’s Sell iPhones page.
  • Select your iPhone’s relevant details, including its connection type, capacity, condition, and “Financed” status.
  • Compare the prices offered by various stores and select the one that suits you.
  • Follow the on-screen instructions for the trade-in process.

Remove Finance on iPhone 13 Before Selling

How to get out of a carrier contract?

In most cases, you’ll need to complete the duration of your contract with your carrier or pay off the outstanding balance. However, if you’re keen to terminate your contract before the specified period, you do have some options available:

  • Pay an early termination fee (ETF).
  • ETFs typically decrease every month throughout the contract duration, meaning the longer your contract, the lower your ETF will be.
  • Some scenarios in which you can potentially cancel your contract for free or without paying the ETF include:
    -If you’re still within the first 14 days of your contract.
    -If your carrier raises its prices (unless otherwise stated at the start of the contract).
    -If your contract is set to end within 30 days.
    -If you switch to another carrier willing to buy out your contract from your original carrier. This option is more relevant if you’re looking to upgrade your phone, but it might not necessarily reduce your bills. Major carriers such as AT&T, Verizon, and T-Mobile offer this service. Note that you might have to trade in your current phone for a new one in this case.
  • Transfer your carrier contract to another person. Different carriers have varying transfer policies, so you may want to check with some of the major network carriers in the US:
    Verizon Transfer Policy
    AT&T Transfer Policy
    Sprint Transfer Policy
    T-Mobile Transfer Policy

You can also reach out to your carrier to explore the possibility of cancelling your contract without paying the ETF in special circumstances, such as illness, relocation to areas with no service, or military deployment.

What happens if you don't pay your phone bill?

Should you be unable to continue making payments or pay the ETF before your contract expires, your carrier might blacklist your iPhone, flagging it with a bad IMEI or ESN. This action restricts the phone from using network services, rendering it incapable of sending or receiving calls or messages. Blacklisted iPhones generally fetch lower prices if you intend to sell them. It’s advisable to contact your carrier to determine if the selling price of your financed phone would cover the cost of cancelling your contract before having your device blacklisted.

Is it illegal to sell a locked phone under contract?

Selling financed phones is perfectly legal. Major carriers such as Verizon, AT&T, Sprint, and T-Mobile all permit the sale of phones under contract. However, these carriers do require that you continue making monthly payments or settle the ETF to avoid blacklisting the device.

BankMyCell showcases buyback sellers that make the process of selling your iPhone easy and convenient. Simply select the “Financed” status for your device and follow the steps to initiate the selling process.

SellLocked logo

Average Customer Rating:

icon review 5

4.9 out of 5 on Trustpilot

  • Accepts: Passcode, iCloud, Financed & Blacklist Locked
  • Reviews: #1 Rated, 800+ reviews on Trustpilot
  • Payment: Pays you in 1-5 days via PayPal or Check
  • Shipping: FREE Shipping & FREE Returns (No Risk)

Can I Sell Other Financed iPhones