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This Verizon smartphone deal gives you up to $1,000 for your broken phone

Andrew Martonik/Digital Trends

It’s a question as old as smartphones themselves: What do we do with our old iPhone or Android phone when we no longer need it (especially if it’s cracked or no longer turns on)? Well, to go along with these smartphone deals, Verizon has a solution. Right now, you can take advantage of a special offer and receive up to $1,000 when you trade your old phone into Verizon. The newest 5G phones, and a place to trade in old phones for up to $1,000! Where do we sign up?

This deal sounds too good to be true; it even gave us pause at first. The catch, if you can call it that, is that you need to switch over to Verizon if you want the maximum rebate on your new Phone. Verizon is offering up to $800 for your old phone (and that would be for the newest phone; chances are you will get something less); the other $200 comes in the form of a gift card that can be used toward your new phone, or to purchase accessories or other Verizon services.

Brass tacks: In the past, Verizon has offered competitive trade-in values on old phones, but those discounts would drop precipitously if your old phone had a cracked screen, or if it was broken — for instance, if it would not turn on. Right now, Verizon will offer you the same amount of money for an old phone, even if it’s broken (the only exception is if your battery is leaking or damaged; that’s a no-go).

For example, let’s say you had last year’s Apple iPhone SE and were looking to upgrade to the new 128GB Apple iPhone 12 Pro Max, which costs $1,099 at Verizon, or $37 per month for 30 months. With your trade-in value of $700 on that iPhone SE, the cost of that phone drops to $399, or a monthly bill of $14 per month. If you’re switching from another carrier, the port-in bonus gives you an additional $200, which could bring the cost of your new phone down to $199, or just $7 per month. That’s next to nothing for the newest, most impressive iPhone. And there are so many other options, like the Samsung Galaxy S21 Ultra 5G, the Apple iPhone 12 Mini. You really can’t go wrong.

This is the perfect time to trade in an old Apple or Android smartphone and get a great deal on a hot new 5G smartphone. Right now, if you port-in with Verizon, you can trade in an old phone, even one that is not working or has a cracked screen, and receive up to $1,000 toward the purchase of a new smartphone. The very best 5G phones are among those available, so don’t miss out.

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