If you plan on trading in your iPad 2 and picking up a third-gen iPad when it launches on Friday morning, Apple is now giving you another option by offering up to $320 in trade in value (Apple Store gift cards) for your iPad 2 depending on the condition and model. To get the full $320 from Apple’s Reuse and Recycle program, you’ll need a 64GB Wi-Fi + 3G model in near perfect condition. On the entry level 16GB Wi-Fi model Apple is offering $205. Before the new iPad unveiling we told you our Top 10 places to trade an iPad for cash or credit, and a few of those options are still providing slightly more than Apple in many cases.
A quick look at a couple of the other popular options–Gazelle and Amazon– will get you just over $400 for an AT&T 64GB Wi-Fi + 3G iPad in ”flawless” condition, which is quite a bit more than Apple is offering. Of course for your iPad to qualify for that much trade-in value it will have to “look like it has never been used”, according to Gazelle. Some listings on Amazon are as high as $450. Those options also give you alternative payout methods. In the case of Gazelle you’ll be able to get your trade-in value by check, PayPal, or an Amazon gift card. Trade-in values will likely start to fall following the new iPad’s rollout, but Gazelle told us it has seen a 700% increase in trade-ins since the new iPad announcement with over 150,000 iPad offers in total so far. Apple’s announcement that the iPad 2′s new $399 price tag was great for education certainly didn’t hurt demand for iPad 2.
Before you sell your iPad, you’ll want to get it prepared, cleaned, and packed to get the maximum trade-in value. After the break you’ll find step-by-step tips for doing exactly that, courtesy of Gazelle: