Trade-in time: Sell your first-gen Apple Watch to BuyBackWorld and grab a $10 bonus

With Apple Watch Series 2 pre-orders in full swing, now is the time to lock in a price for your Apple Watch trade-in as values typically drop following the launch of a new model. BuyBackWorld, a leader in the electronics buyback industry, is one of only a select few offering cash payouts for Apple Watch and Apple Watch Sport models in a variety of styles (even Apple doesn't have a watch trade-in program). Plus, AppleInsider readers can score an additional $10 bonus at BuyBackWorld on top of industry leading payouts with our exclusive promo code.

To take advantage of BuyBackWorld's $10 cash bonus on any trade-in valued at $50 or more, simply use one of the pricing links below to access BuyBackWorld's website and then apply exclusive coupon code APPLEINSIDER10 (by clicking the link next to the bullhorn icon that says "Enter a promotional code"). What's more, you'll have an extended price-lock period of up to Oct. 31 before your trade-in must be dropped in the pre-paid shipping box and mailed to BuyBackWorld. And if you're ready to purchase an Apple Watch Series 2, be sure to check out our Apple Watch Price Guide for the latest deals on new models.

Payouts with $10 bonus on Apple Watch trade-ins over $50

With the $10 bonus coupon (on devices valued over $50), BuyBackWorld is currently paying out the following for Apple Watches:

Apple Watch Sport trade-in values (cash payouts)

Apple Watch Sport Space Gray Aluminum (Black Sport Band): Up to $95.00 *

Apple Watch Sport Rose Gold Aluminum (Lavendar Sport Band): Up to $85.00 *

Apple Watch Sport Gold Aluminum (Midnight Blue Sport Band): Up to $95.00 *

Apple Watch Sport Silver Aluminum (White Sport Band): Up to $95.00 *

Apple Watch Sport Space Gray Aluminum (Black Woven Nylon Band): Up to $95.00 *

Apple Watch trade-in values (cash payouts)

Apple Watch Black Stainless (Milanese Loop Band): Up to $185.00 *

Apple Watch Stainless Steel (Milanese Loop Band): Up to $180.00 *

Apple Watch Space Black Stainless (Black Sport Band): Up to $135.00 *

Apple Watch Stainless Steel (Black Sport Band): Up to $135.00 *

Apple Watch Stainless Steel (Black Sport Band): Up to $135.00 *

Apple Watch Hermes Cuff Stainless Steel (Fauve Barenia Leather Band): Up to $420.00 *

* Prices shown are after $10 bonus coupon code APPLEINSIDER10 is applied.

BuyBackWorld is also offering cash payouts for iPhones and iPads. Don't see your model? More iPhone and iPad trade-in values can be found on BuyBackWorld's site.

iPhone trade-in values (cash payouts)

Apple iPhone 6s Plus: Up to $310.00 *

Apple iPhone 6s: Up to $280.00 *

Apple iPhone 6 Plus: Up to $215.00 *

Apple iPhone 6: Up to $200.00 *

Apple iPhone SE: Up to $275.00 *

Apple iPhone 5s: Up to $121.00 *

Apple iPhone 5: Up to $77.00 *

* Prices shown are after $10 bonus coupon code APPLEINSIDER10 is applied.

iPad trade-in values (cash payouts)

Apple 12.9" iPad Pro: Up to $550.00 *

Apple 9.7" iPad Pro: Up to $510.00 *

Apple iPad Air 2: Up to $230.00 *

Apple iPad Air: Up to $169.00 *

Apple iPad 4: Up to $157.00 *

Apple iPad 3: Up to $97.00 *

Apple iPad mini 4: Up to $290.00 *

Apple iPad mini 3: Up to $170.00 *

Apple iPad mini 2: Up to $150.00 *

* Prices shown are after $10 bonus coupon code APPLEINSIDER10 is applied.

In addition to the devices listed above, BuyBackWorld also pays cash for MacBooks, iMacs, Apple Watches and accessories. Just supply the make, model and condition of the device you're looking to trade in to get an instant quote on BuyBackWorld's site.

How BuyBackWorld's service works

To begin, first lock in your trade-in price by visiting BuyBackWorld's website, where you will be asked to assess the physical and operational condition of your device. A few days after locking in your price quote, a pre-paid shipping box will show up on your doorstep. You'll then have a grace period until Oct. 31 before you need to pack the device securely in the box and drop it in the mail to reach BuyBackWorld. Alternately, you can use your own shipping box and simply print and affix a pre-paid shipping label from BuyBackWorld's website during the price lock process.

Once your device passes inspection, BuyBackWorld will send payment within two business days. If your price quote changes for any reason upon inspection, you'll receive an email and if you're not 100% satisfied, they'll return it to you for free (BuyBackWorld is known to be gentle when inspecting trades, however). Also, if you choose to lock in a price quote today but change your mind about sending in your device, that's fine too. There's no binding obligation. Similarly, if you were to ever lock in a price-lock on a trade-in and have it expire before you can submit your device, you can simply lock in a new offer.

Why use a buyback service?

Using a buyback service as opposed to selling your device on eBay or Craigslist has its advantages. First, there are no upfront costs since shipping a phone or tablet to BuyBackWorld, a leader in the buyback space, is free. You'll also get over 30 days (until Oct. 31) to send in your trade-in. For those purchasing an Apple Watch (Series 1 or 2), this means you'll likely be able to keep your current device until your new Apple Watch ships. Factor in the amount of time it takes to set up, administer and deal with buyers on eBay or Craiglist, and the simplicity of a buyback service is even more appealing.

However, not all buyback programs offer cash for used devices. Apple's iPhone Trade-up program, for example, gives customers a store credit or Apple Store gift card for trades. BuyBackWorld, on the other hand, offers higher cash payouts in the form of a check, PayPal deposit, direct deposit or prepaid debit card. That means you're free to use the money to buy an iPhone 7 or anything else instead of being tied to one store. At press time, readers can get a cash payout of up to $95.00 for an Apple Watch Sport in Space Gray Aluminum with a Black Sport Band or up to $135.00 for an Apple Watch in Space Black Stainless with a Black Sport Band. It's worth noting that those who elect to be paid via a BuyBackWorld.com gift card will receive a 5 percent bonus for an even larger payout.

Additional Apple Deals

AppleInsider and Apple authorized resellers are also running a handful of additional exclusive promotions this month on Apple hardware that will not only deliver the lowest prices on many of the items, but also throw in free gifts like Parallels 12 or a SuperDrive. These deals are as follows:

• Deal #1: $190-$430 off 15" MacBook Pros with AppleCare and no tax in 48 states
• Deal #2: Free SuperDrive & up to 51% off AppleCare with 13" MacBook Airs
• Deal #3: Apple's Early 2015 12-inch MacBooks with over 50% off AppleCare
• Deal #4: $50-$120 off 12.9" iPad Pros with free shipping and no tax outside NY
• Deal #5: $140-$250 off 27" iMac 5Ks with AppleCare and no tax in 48 states

See if there is a Mac, iPad, Apple Watch or Certified Used iPhone deal that will save you $100s by checking out prices.appleinsider.com and deals.appleinsider.com.