“Following last week’s iPhone 7 and iPhone 7 Plus launch, Apple has added the iPhone SE, iPhone 6s, and iPhone 6s Plus to its trade-up program in the United States, offering estimated trade-in values of $160, $275, and $315 respectively towards the purchase of a new iPhone,” Joe Rossignol reports for MacRumors.

“Apple has also lowered its estimated trade-in values for iPhone 6 and iPhone 6 Plus by $25 each to $200 and $225 respectively, while the iPhone 5s now scores $90 instead of $125,” Rossignol reports. “iPhone 5 and iPhone 5c trade-in values are now $50 and $40 respectively, down from $75 each, and the iPhone 4s is no longer eligible for trade in.”

The iPhone trade-up program “allows customers to trade in their old iPhone to Apple in exchange for credit to lower the full cost of a new iPhone, or to reduce the monthly payments of a carrier financing plan,” Rossignol reports.

Read more in the full article here.

MacDailyNews Take: This is one of the simplest methods to get some return on your investment (Apple emails you a prepaid mailing label, and handles the rest) but other trade-in firms may pay more (Gazelle, NextWorth, etc.) and selling it outright (via CraigsList, for one example) is likely the best way to maximize your return.

To get a price estimate for your device via Apple’s Renew and Recycling program: