Can I Sell My iPhone SE If I Still Owe Money On It? (SE 3, SE 2)

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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 own an iPhone SE and find yourself contemplating the idea of selling your financed device, you’re in the right place. In this article, we will delve into the world of selling financed iPhones, including the iPhone SE 3 or SE 2, and help you understand the ins and outs of this process. Whether you’re looking to upgrade to a newer model or simply want to part ways with your current device, we’ve got you covered.

Quick Guide: Selling a Financed iPhone SE

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

The short answer is yes, you can indeed sell your iPhone SE 3 or SE 2, even if it’s still under contract. When we say a phone is “financed,” it means that you’re currently making payments for it through your carrier’s instalment plan. The good news is that you can still sell it while continuing to make these payments. Here’s how you can do it and get the best value:

  • Keep Making Your Monthly Payments: To avoid any issues like having your device blacklisted, continue making your monthly payments as per your contract.
  • Clear the Outstanding Balance: If you’re eager to sell your iPhone SE 3 or SE 2 quickly, consider paying off the outstanding balance or the early termination fee (ETF) to your carrier.
  • Visit BankMyCell’s iPhone SE page: On this page, you can select your device’s details, compare prices, and choose a partner buyback store that suits your needs.
  • Follow the On-Screen Instructions: The process is straightforward, and BankMyCell makes it easy for you to complete the trade-in process.

As of today, you can get top prices for your financed iPhone SE with the potential for even higher offers if you can close your contract. Selling financed iPhones is not illegal; major carriers allow it, provided you meet their payment requirements. BankMyCell simplifies the process, ensuring you get the best value for your device.

Compare iPhone SE 3 QuotesCompare iPhone SE 2 Quotes

How do I know if my iPhone is Financed?

To determine if your iPhone SE is financed, consider the following:

  • Contact Your Carrier: Reach out to your phone’s carrier to confirm its financed status. A financed phone still has money owed for its purchase through an installment plan.
  • IMEI Checking: Some websites can identify a phone as financed, while others may only label it as “clean.”
  • Check the Receipt: Your purchase receipt can indicate if the device was bought through financing.

Note: Ensure your iPhone is free from any iCloud or Find-My-iPhone account locks. If you encounter activation screen issues, select the “Activation Locked” status.

Financed iPhone SE Series Quotes

AT&T Carrier Logo

Can you sell an iPhone SE 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 SE 3:
(AT&T)

$25.00

iPhone SE 2:
(AT&T)

$25.00

iPhone SE:
(AT&T)

NO OFFERS

Verizon Carrier Logo

Can you sell an iPhone SE 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 SE 3:
(Verizon)

$25.00

iPhone SE 2:
(Verizon)

$25.00

iPhone SE:
(Verizon)

NO OFFERS

T-Mobile Carrier Logo

Can you sell an iPhone SE 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 SE 3:
(T-Mobile)

$25.00

iPhone SE 2:
(T-Mobile)

$25.00

iPhone SE:
(T-Mobile)

NO OFFERS

Sprint logo

Can you sell an iPhone SE 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 SE 3:
(Sprint)

$25.00

iPhone SE 2:
(Sprint)

$25.00

iPhone SE:
(Sprint)

NO OFFERS

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

How much can you sell a Financed iPhone SE for?

BEST iPhone SE With Money Owed
DeviceMintCracked
iPhone SE 3 (2022)$110.00$5.00See Offer
iPhone SE 2 (2020)$40.00See Offer
iPhone SE$15.00$14.00See Offer
* Best market prices updated February 21st 2024

Keep in mind that the price you’ll get for a financed phone will be considerably less than that of a paid-off iPhone. If you can close the contract, you might significantly increase the price.

  • 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?

A phone under “Financed” status was purchased through a retailer’s, typically a carrier’s, installment plan. The buyer is under contract, paying monthly installments until the device’s total cost is covered. Until all payments are completed, the iPhone remains under a financial obligation with the carrier and is considered “Financed.”

Can you sell a Financed iPhone SE?

Absolutely, you can sell a financed iPhone SE 3 or SE 2, even if there’s still money owed for the device or if you’re still in the process of making payments. Major carriers allow you to sell your phone as long as you continue honoring your monthly payments under your contract.

However, failing to pay your monthly bill can lead to your device being blacklisted, restricting network services for the phone’s future owner. To avoid this scenario, you’ll need to clear the outstanding amount with your carrier or work out an agreement with them.

If you want to expedite paying off your remaining balance or cover the early termination fee (ETF) specified by your carrier, you can sell your iPhone SE 3 or SE 2 and use the cash to immediately settle the outstanding balance. BankMyCell features a partner buyback store that specializes in purchasing financed iPhone SE devices, and their high service rating on Trustpilot ensures you get the best value with peace of mind.

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 SE near me?

Several buyback stores are interested in purchasing financed iPhones, including the iPhone SE 3 or SE 2. You can use our price comparison site to identify the stores that feature these devices and compare the prices they offer. Some buyback stores even provide free shipping, allowing you to send your device from your nearest post office at no extra cost.

How to sell a Financed iPhone SE?

Selling your financed iPhone SE 3 or SE 2 is a breeze with BankMyCell:

  • Visit BankMyCell’s page for selling iPhones.
  • Select the relevant details for your iPhone, including its connection, capacity, condition, and “Financed” status.
  • Compare prices and choose the store that best suits your needs.
  • Follow the on-screen instructions to complete the trade-in process.

Remove Finance on iPhone SE Before Selling

How to get out of a carrier contract?

Typically, you’ll need to complete the contract period with your carrier or pay off the outstanding balance. However, if you wish to terminate your contract before the specified period, you have some options available:

  • Pay an early termination fee (ETF).
  • ETFs decrease each month during your contract, so the longer your contract, the less you’ll pay.
  • In some cases, you might be able to cancel your contract for free or without paying the ETF if you meet certain criteria.

You can also consider switching to another carrier that offers to buy out your contract from your original carrier. This option is more applicable if you want to upgrade your phone and might not necessarily reduce your bills. Major carriers like AT&T, Verizon, and T-Mobile offer this service.

Alternatively, you can transfer your carrier contract to another person, subject to the policies of your carrier. Different carriers have various transfer policies, so be sure to check the specific rules of the major network carriers in the US.

You can also contact your carrier to arrange for canceling your contract without paying an ETF in special circumstances, such as illnesses, relocation to out-of-service areas, or military deployment.

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

If you can’t continue your payments or pay the ETF before your contract expires, the carrier network may blacklist your iPhone, marking it as having a bad IMEI or bad ESN. This will render the phone unable to use network services and receive calls or messages. iPhones that are blacklisted typically fetch a lower resale value. Contact your carrier to determine if the selling price of your financed phone will cover the cost of canceling your contract before your device gets blacklisted.

Is it illegal to sell a locked phone under contract?

Selling financed phones is not illegal, and major carriers like Verizon, AT&T, Sprint, and T-Mobile all allow the sale of phones under contract. However, they do require you to continue your monthly payments or pay the ETF to avoid having the device blacklisted. Buyback sellers featured on BankMyCell make selling your iPhone SE 3 or SE 2 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