Can I Sell My iPhone 14 If I Still Owe Money On It? (Plus, 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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If you happen to own an iPhone 14 whether it be the 14, 14 Plus, 14 Pro or the 14 Pro Max and find yourself contemplating the idea of selling your financed device, you’re in the right place. In this article, we’ll dive into the world of financed iPhones, how you can go about selling them, and what it means to part ways with a phone that’s not entirely paid off. So, whether you’re looking to upgrade or just want to explore your options, let’s guide you through it all.

Quick Guide: Selling Financed iPhone 14

Can you trade in an iPhone 14 that isn’t paid off? (Financed)

Yes you can sell a iPhone 14 Series that is still under contract. Selling a financed iPhone means you’re making payments through your carrier’s installment plan, but you can sell it while continuing these payments. Here’s a quick summary of the steps to get the best value for your iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max:

  • Keep making your monthly payments to prevent your device from getting financed.
  • If you’re in a hurry to sell, clear the outstanding balance or pay the early termination fee (ETF) to your carrier.
  • Visit BankMyCell’s dedicated iPhone page.
  • Select your iPhone’s specific details, compare prices, and choose a partner buyback store.
  • Follow the on-screen instructions to complete the trade-in process.

As of today, you can fetch top prices for your financed iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max, with the potential for even higher offers if you can close your contract. Selling financed iPhones is entirely legal; major carriers allow it, provided you meet their payment requirements. BankMyCell streamlines the process, ensuring you receive the best value for your device.

Compare iPhone 14 QuotesCompare iPhone 14 Plus QuotesCompare iPhone 14 Pro QuotesCompare iPhone 14 Pro Max Quotes

How do I know if my iPhone is Financed?

To confirm whether your iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max is financed, you can take a few steps:

  • Contact your phone’s carrier to verify its financed status, indicating that you still owe money for the device under an installment plan.
  • Certain IMEI checking websites can identify a financed phone, while others might simply label it as “clean.”
  • Check your purchase receipt; it will often reveal that the device was bought through financing.

However, it’s crucial to ensure that your iPhone is free from any iCloud or Find-My-iPhone account locks. If you’re stuck at your iPhone’s activation screen, select the “Activation Locked” status instead.

Financed iPhone 14 Series Quotes

AT&T Carrier Logo

Can you sell an iPhone 14 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 14 Pro Max:
(AT&T)

$480.00

iPhone 14 Pro:
(AT&T)

$390.00

iPhone 14 Plus:
(AT&T)

$220.00

iPhone 14:
(AT&T)

$205.00

Verizon Carrier Logo

Can you sell an iPhone 14 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 14 Pro Max:
(Verizon)

$480.00

iPhone 14 Pro:
(Verizon)

$390.00

iPhone 14 Plus:
(Verizon)

$220.00

iPhone 14:
(Verizon)

$205.00

T-Mobile Carrier Logo

Can you sell an iPhone 14 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 14 Pro Max:
(T-Mobile)

$480.00

iPhone 14 Pro:
(T-Mobile)

$390.00

iPhone 14 Plus:
(T-Mobile)

$220.00

iPhone 14:
(T-Mobile)

$205.00

Sprint logo

Can you sell an iPhone 14 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 14 Pro Max:
(Sprint)

$480.00

iPhone 14 Pro:
(Sprint)

$390.00

iPhone 14 Plus:
(Sprint)

$220.00

iPhone 14:
(Sprint)

$205.00

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

How much can you sell a Financed iPhone within the iPhone 14 Series for?

BEST iPhone 14 With Money Owed
DeviceMintCracked
iPhone 14 Pro Max$570.00$520.00See Offer
iPhone 14 Pro$480.00$410.00See Offer
iPhone 14 Plus$340.00$300.00See Offer
iPhone 14$325.00$290.00See Offer
* Best market prices updated February 21st 2024

Keep in mind that the price you receive for a financed phone is significantly lower than that of a fully paid-off iPhone. Clearing your contract can increase the selling price substantially.

  • 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?

When we say an iPhone is “Financed,” it means that it was purchased through a retailer’s (typically a carrier’s) installment plan. The buyer commits to a contract over a specific period, making monthly payments until the total cost of the device is covered. Until all payments are fulfilled, the iPhone remains under a financial obligation with the carrier and is considered “Financed.”

Can you sell a iPhone 14 that is not paid off?

Absolutely, you can sell a financed iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max even if there’s still an outstanding balance on the device or if you’re still making monthly payments. Major carriers allow you to sell your phone, provided you continue making those payments under your contract. However, failure to make these monthly payments can result in your device being blacklisted by the carrier, limiting network services for the phone’s new owner. To avoid this, you’ll need to clear the outstanding amount with your carrier or reach an agreement with them.

You can expedite paying off your remaining balance or pay the early termination fee (ETF) stipulated by your carrier. This way, you can sell your iPhone 14 series and use the cash to immediately settle the outstanding balance. BankMyCell features a partner buyback store that’s ready to purchase your financed iPhone 14 series for cash, with their high service rating on Trustpilot providing peace of mind that you’ll get a fair deal.

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 within the iPhone 14 Series near me?

Several buyback stores are willing to purchase Financed iPhones. You can use our price comparison site to identify the stores that specialize in buying a financed iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max and compare the prices they offer. Some of these stores even provide free shipping options, allowing you to send your device from your nearest post office without incurring additional costs.

How to sell a Financed iPhone within the iPhone 14 Series?

Selling your financed iPhone 14, 14 Plus, 14 Pro or the 14 Pro Max is a breeze. Follow these steps:

  • 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.

Remove Finance on iPhone 14 Series Before Selling

How to get out of a carrier contract?

Getting out of a carrier contract typically involves either completing the contract period or paying off the outstanding balance. However, if you wish to terminate your contract before the specified period, you have a few options at your disposal:

  • Pay an early termination fee (ETF).
  • ETFs decrease every month over the contract period, so the longer your contract, the less the ETF will cost.
  • In some cases, you can cancel your contract free of charge or without paying the ETF if:
    -You’re within the first 14 days of your contract.
    -Your carrier raises its prices, unless otherwise stated at the contract’s commencement.
    -Your contract is set to end within 30 days.
  • You can also switch to another carrier that might offer to buy out your contract from your original carrier. This is a great option if you’re looking to upgrade your phone but may not necessarily reduce your bills. Major carriers like AT&T, Verizon, and T-Mobile offer this service. Keep in mind that you may have to trade in your current phone for a new one and forgo selling it, but you won’t have to pay ETFs in this case.
  • Another option is transferring your carrier contract to another person, but different carriers have varying transfer policies. You can check the policies of some of the major network carriers in the US:
    Verizon Transfer Policy
    AT&T Transfer Policy
    Sprint Transfer Policy
    T-Mobile Transfer Policy
  • In some special circumstances, the carrier may allow you to cancel without an ETF or reduce your payments, such as for illnesses, relocations to out-of-service areas, or military deployment.

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

If you can’t continue making payments or pay the ETF before your contract expires, the carrier network may blacklist your iPhone, marking it with a bad IMEI or ESN. This will restrict the phone’s ability to use network services, preventing it from sending or receiving calls or messages. When you decide to sell your phone, blacklisted iPhones typically fetch a lower price. It’s advisable to contact your carrier and see if the selling price of your financed phone will cover the cost of canceling your contract before having your device blacklisted.

Is it illegal to sell locked iPhones under contract?

Selling financed phones is perfectly legal. Major carriers like Verizon, AT&T, Sprint, and T-Mobile all allow the selling of phones under contract. However, they do require you to continue making monthly payments or pay the ETF to avoid having the device blacklisted. With the buyback sellers featured on BankMyCell, selling your iPhone becomes easy and convenient. Simply choose the “Financed” status for your device and follow the steps to navigate 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