new Iphone 16pro with trade in

Depending on the trade in offer you choose would dictate how the process goes (financing using AppleCard for monthly installments will give the credit upfront. Otherwise you will receive credit once your trade in device is received and credited). If you go with one of the carrier deals you will receive part instant credit from Apple and monthly bill credits from the carrier depending on their terms (each option should show a “see details” link so you can see detailed explanation of everything).

Once you receive your new iPhone, set it up and then return your old phone, once evaluated, you'll get a confirmation of the actual trade value being offered. If accepted, the value will be credited to the payment method you used for the new iPhone. When you look at the phone in your bag, you will only see the full price as the trade has been received and validated yet.

No. Once you trade in, the older device becomes the gift card or credit towards the new iPhone. For example, if I were to trade in my iPhone 12 for the iPhone 16, then I won’t be able to get my iPhone 12 back, as it’s already been turned into the credit to buy the iPhone 16. And they’ll recondition your old iPhone and resell it as a refurb device. Hope this helps!