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Save up to £360 on the new iPhone 12 by trading in your handset or using cashback

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MOBILE users can save hundreds on the cost of a new iPhone 12 if they trade in their handset or use cashback.

It comes as the iPhone 12 and iPhone 12 Pro become available to pre-order from today before they go on sale on October 23.

There are a number of different ways to save money on the cost of the new mobile though – we outline some of your key options below.

Major mobile providers are releasing their new contract prices for the iPhone 12 and 12 Pro today.

Use a comparison tool (see the box below) to work out which option is best for your needs.

If you decide to go for Vodafone’s contract you can, however, get £15 a month off your new bill if you trade in an old iPhone X, XS, XS Max, or XR.

That’s a saving of £360 over the required 24-month contract.

If you have an iPhone 8 or 8 Plus, you can get £5 a month off your new bill instead, which is a saving of £120 over two years.

None of the other major mobile providers were offering similar trade-in deals with money off new iPhone 12 contracts when we checked.

Once you’ve checked contract prices, you should then see if you can earn cashback on top.

EE is offering £93 cashback for those who pre-order an iPhone 12 or 12 Pro contract via either Quidco or TopCashback.

Meanwhile, Three is giving customers who pre-order the new handsets £80 via Quidco or £65 via TopCashback.

There aren’t, however, any cashback deals being offered by O2 or Vodafone for those pre-ordering contracts for the new iPhone handsets.

And Vodafone has confirmed that if you use the trade-in off above you won’t get cashback on top.

Don’t just check cashback sites for provider discounts though, check third party mobile selling sites too, such as Carphone Warehouse and Mobiles.co.uk.

Before you go for Vodafone’s contract trade-in scheme, work out if you’d be better off taking a larger cash lump sum trade-in offer and putting that towards the cost of a new handset instead.

You usually save more in the long-run buying handsets outright and getting a cheap Sim-only deal.

EE, O2, Three, and Vodafone, for example, all run trade-in schemes offering cash for mobiles. How much you get varies by handset, condition, and the storage.

When The Sun checked Vodafone’s cash trade-in tool to compare it to its money-off contracts trade-in deal, we found you couldn’t earn more than £360 on the iPhone X (£200 to £220), XS (£270 to £315), XS Max (£280 to £310), or XR (£260 to £280).

But it will, however, pay you more in cash than you’ll get off your contract for the iPhone 8 (£125 to £135) and the iPhone 8 Plus (£155 to £175).

Meanwhile, mobile recycling comparison site Sell My Mobile lists even bigger trade-in deals. It has firms offering between £166 and £436 for the iPhone X, XS, XS Max, XR, 8, or 8 Plus.

Consumer site MoneySavingExpert.com recommends using three mobile recycling comparison tools – Sell My Mobile, Compare and Recycle, and Compare My Mobile – and then checking deals against Cex and Mazuma, which are often missed.

But you need to do your research as consumers have complained of not always being offered what they were originally promised by some sites.

It’s also worth checking for sold prices on eBay to see if you can get more on there.

If you click on a link in this article and buy a product we will earn revenue.

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