what does trade in value mean
If I want to trade in my iPhone 8 Plus and it has a "trade in" value of $370, what does that mean? Does that mean if I trade in my device I get $370 off?
iPhone 8 Plus, iOS 12
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Depending upon which program you are viewing it may be that much off or it may be an Apple store gift card.
Apple GiveBack [formerly: Apple Recycling Program; formerly: Apple Trade-up program] - All computer and mobile devices, including non-Aple brands - "Trade in your eligible device for an Apple Store Gift Card. If it’s not eligible for credit, we’ll recycle it for free. No matter the model or condition…" https://www.apple.com/shop/trade-in
iPhone Upgrade Program - Apple"Get a new iPhone every year. You’re eligible to upgrade to a new iPhone once you’ve made 12 payments. Just trade in your current iPhone and start a new plan."https://www.apple.com/shop/iphone/iphone-upgrade-program