Needing advice on “downgrading”

Avoiding unnecessary detail, I was given a 2018 iPad Pro 12.9 about 2 months ago. I thought the size would grow on me but I still find it too large for my needs/usage. With the new 2020 iPad pros out, I need advice on a plan I have. Truly, I’m wondering if the plan is dumb or if I’m missing an option that makes way more sense. Tear me to shreds.
Possible plan: trade-in my 12.9 to Apple which gives a $240 credit. Use that to make the refurbished 11in roughly $350.
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