Can I Sell My iPhone X If I Still Owe Money On It? (XR, XS, XS 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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If you own an iPhone XS or iPhone XS Max, or any device from the iPhone XS Series and are wondering about the possibilities of selling your financed device, you’ve come to the right place. In this article, we’ll explore what a financed iPhone means, how you can sell it, and the implications of selling a phone that isn’t fully paid off. Whether you’re looking to upgrade or simply want to part ways with your iPhone, we’ve got you covered.

Quick Guide: Selling a Financed iPhone XR, XS and XS Max

Can you trade in an iPhone XR, XS or XS Max that isn’t paid off? (Financed)

Yes, you can sell an iPhone XR, XS or XS Max phone that is still under contract. A financed iPhone means you’re still making payments through your carrier’s installment plan, but you can still sell it while continuing these payments. Here’s how you can do it and get the best value:

  • Keep making your monthly payments to avoid having your device blacklisted.
  • If you want to sell it quickly, clear the outstanding balance or pay the early termination fee (ETF) to your carrier.
  • Visit BankMyCell’s iPhone page.
  • Select your device’s 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 get top prices for your financed iPhone X Series, 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 XR QuotesCompare iPhone XS QuotesCompare iPhone XS Max Quotes

How do I know if my iPhone is Financed?

If one or more of the following circumstances are true, your iPhone XS or iPhone XS Max is financed:

  • Contacting the phone’s carrier will confirm its financed status, which means money is still owed for the purchase of the device in an installment plan.
  • Some IMEI checking websites will identify the phone as financed, while others will only identify it as clean.
  • Checking the receipt will indicate the device was purchased through financing.

Note: Your iPhone must be free from any iCloud or Find-My-iPhone account locks. If you are unable to move past your iPhone’s activation screen, please select the “Activation Locked” status instead.

Financed iPhone XR, XS and XS Max Quotes

AT&T Carrier Logo

Can you sell an iPhone X 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 XS Max:
(AT&T)

$160.00

iPhone XS:
(AT&T)

$105.00

iPhone XR:
(AT&T)

$115.00

iPhone X:
(AT&T)

$75.00

Verizon Carrier Logo

Can you sell an iPhone X 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 XS Max:
(Verizon)

$160.00

iPhone XS:
(Verizon)

$105.00

iPhone XR:
(Verizon)

$115.00

iPhone X:
(Verizon)

$75.00

T-Mobile Carrier Logo

Can you sell an iPhone X 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 XS Max:
(T-Mobile)

$160.00

iPhone XS:
(T-Mobile)

$105.00

iPhone XR:
(T-Mobile)

$115.00

iPhone X:
(T-Mobile)

$75.00

Sprint logo

Can you sell an iPhone X 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 XS Max:
(Sprint)

$160.00

iPhone XS:
(Sprint)

$105.00

iPhone XR:
(Sprint)

$115.00

iPhone X:
(Sprint)

$75.00

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

How much can you sell a locked iPhone X for?

BEST iPhone X With Money Owed
DeviceMintCracked
iPhone XS Max$160.00$55.00See Offer
iPhone XS$105.00$35.00See Offer
iPhone XR$115.00$55.00See Offer
iPhone X$75.00$45.00See Offer
* Best market prices updated February 28th 2024

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, it may increase the price significantly.

  • 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 that is under “Financed” status means that it was purchased through a retailer’s (usually a carrier’s) installment plan. The buyer is under contract over a specified period and pays in monthly installments until the total cost of the device 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 XR, XS or XS Max?

Yes, you can sell a financed iPhone XR, XS or iPhone XS Max, even if there is still money owed for the device or even if you’re still paying for it. Major carriers allow you to sell your phone, so long as you continue to pay off your monthly payments under your contract. However, if you fail to pay your bill monthly, the carrier will blacklist your device, limiting the network services for your phone’s buyer. To avoid this problem, you will need to clear the outstanding amount with your carrier or else create an agreement with them.

You can also fast-track paying off your remaining balance or pay the early termination fee (ETF) stipulated by your carrier. You can sell your iPhone X Series and get cash to immediately pay off the outstanding balance. BankMyCell features a partner buyback store who will buy your financed iPhone XR, iPhone XS or iPhone XS Max for cash. The partner’s high service rating on Trustpilot means you can rest assured you’ll get value back on your financed iPhone with no risk.

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 XR, XS or XS Max near me?

Several buyback stores are interested in purchasing financed iPhone X Series devices. You can use our price comparison site to see which stores are featured for buying financed iPhone XR, XS and XS Max and compare the prices offered by these stores. Some buyback stores even offer free shipping, allowing you to send your device from your nearest post office without incurring additional costs. To find local options, you can visit BankMyCell’s website and use their tools to locate nearby buyback stores that specialize in purchasing financed iPhones.

How to sell a Financed iPhone XR, XS or XS Max?

To sell your financed iPhone with a buyback store is easy. Following the process is straightforward:

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

Remove Finance on iPhone XR, XS or XS Max Before Selling

How to get out of a carrier contract?

Typically, you will have to complete the contract period with your carrier or pay off the outstanding balance. However, if you want to terminate your contract before the specified period, you have some options available to you.

  • Pay an early termination fee (ETF).
  • ETFs decrease every month for the period of your contract, so the longer your contract, the less your ETF is going to cost.
  • Some instances you can cancel your contract free of charge or without paying the ETF are:
    -You’re still in the first 14 days of your contract.
    -Your carrier network raises its prices, unless otherwise stated at the start of the contract.
    -Your contract ends within 30 days.
    -Switch to another carrier that might offer to buy out your contract from your original carrier.
    -This option is more applicable if you want to upgrade your phone but might not necessarily reduce your bills.
    -Major carriers such as AT&T, Verizon, and T-Mobile offer this service.
    -You might have to trade in your current phone for a new one and be unable to sell your phone. However, you can avoid paying for ETFs when you pick this option.
  • Transfer your carrier contract to another person.
  • Different carriers have different transfer policies. You may check the policies for some of the major network carriers in the US:
    Verizon Transfer Policy
    AT&T Transfer Policy
    Sprint Transfer Policy
    T-Mobile Transfer Policy
  • Contact your carrier for an arrangement to cancel without paying for an ETF. There may be some special circumstances where the carrier allows you to cancel without an ETF or reduce your payments, such as illnesses, relocation to out-of-service areas, or military deployment.

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

If you are unable to continue your payments or pay the ETF before your contract expires, the carrier network can blacklist your iPhone, tagging it as having a bad IMEI or bad ESN. This also inhibits the phone from utilizing network services and will be unable to send or receive calls or messages.

If you want to sell your phone, iPhones that are blacklisted will typically receive a lesser price value. It might be helpful to contact your carrier and check if your financed phone’s selling price will cover the cost of canceling your contract prior to having your device blacklisted.

Is it illegal to sell a locked phone under contract?

Selling financed phones is not illegal. Major carriers like Verizon, AT&T, Sprint, and T-Mobile all allow the selling of phones under contract. However, they all require that you continue monthly payments or pay the ETF to avoid having the device blacklisted. Buyback sellers featured in BankMyCell make selling your iPhone easy and convenient, simply pick “Financed” status for your device and follow the steps to go through 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