Best Buy Offering Free 16GB iPhone 5s With Trade-In of iPhone 4s or 5

Discussion in 'iOS Blog Discussion' started by MacRumors, Feb 28, 2014.

  1. macrumors bot


    Apr 12, 2001

    Best Buy is introducing another special deal this weekend, offering a minimum of $150 for trade-ins of working iPhone 4s and iPhone 5 smartphones. Customers must buy a new smartphone with two-year contract on AT&T, Sprint or Verizon, however. The offer is good through the end of the day tomorrow, March 1. The chain has also reduced the price of the base 16GB iPhone 5s to $150 to match the buyback.

    With a number of carriers moving away from two-year contracts for its customers -- instead focusing on non-subsidized, but cheaper, monthly plans -- it may be affecting the bottom line of retailers like Best Buy because plans like AT&T Next do not, in many cases, require customers to pay money up front.

    For upgrade-eligible iPhone-owners looking to move to the iPhone 5s, this promotion could be an inexpensive way to do that.

    Article Link: Best Buy Offering Free 16GB iPhone 5s With Trade-In of iPhone 4s or 5
  2. macrumors 6502

    Mar 2, 2007
    This is a horrible offer, you can sell an iPhone 4s or iPhone 5 for much more than the 199 are offering. Just a few months ago I traded in a totally worthless eight-year-old BlackBerry and got $99 off my iPhone 5s. That was a good trade in deal, this one is not.
  3. macrumors 65816


    Jul 12, 2011
    UCD, Ireland
    Do Amercans really think they are getting a phone for "free"? They are paying MORE than what you would straight from apple only overtime.

    It's essentially what's known as "hire purchase". It's more expensive than off the shelf. Ideal would be to buy an unlocked direct from apple, considering you have the cash up front.

    Even still, of you are on a budget, these contracts cost far more.
  4. macrumors regular


    Oct 30, 2005
    Montgomery, AL
    My iPhone 5 is still kicking ass but he knows his time is up this fall, most likely! So no thanks, Best Buy. I'll wait for the iPhone 6.
  5. macrumors newbie

    Feb 28, 2014
    How exactly do Americans end up paying more on a contract? I thought they paid less, but were forced to stick with the company for 2 years.
  6. macrumors 68040

    Dec 18, 2012
    Charlotte, NC
    Not a good deal if you own an Iphone 5 or an AT&T iPhone 4S as both of those are worth more than $200.

    Good deal for those with a Sprint or Verizon 4S though.
  7. macrumors 6502a

    Apr 15, 2012
  8. macrumors 603

    Jun 19, 2009

    Newer plans penalize you with higher prices if you buy on contract
  9. macrumors 68020


    May 28, 2009
    Montreal, Canada
    Slightly misleading title.

    Would you call a house with $0 down payment on its mortgage a free house?

    Of course not. You would just call it what it is: no down payment.
    Why is it different with smartphones?
  10. macrumors 6502

    Nov 4, 2011
    1 Infinite Loop
    Not to mention that the phone isn't free at all. You are getting store credit, that's it. So unless you are ready to purchase something from Best Buy, this offer isn't worth much.
  11. macrumors 68020


    Jun 12, 2011
    Southern California/
    I was considering it when they sent me the email with this offer, as the minimum trade in value was $150 for a 4s. I thought maybe they'll give me $300 for my iPhone and I can use the remaining amount to buy some other things.

    Nope. A measly $230 for my iPhone 5, Verizon (Factory Unlocked), 32GB white. I'll stick to my iPhone 5 until later this year when the new iPhone 6 is announced. Plus, I signed up for the free $50 gift card promo, so as long as I upgrade by the end of the year I get a free $50 gift card.

    I'm already planning to camp out for around 8 hours or so on launch day.
  12. macrumors Core

    Oct 17, 2011
    Bcause if you get the phone for free you pay $50/month to use it (for example) and if you pay for the phone you still pay $50/month to use it.
  13. macrumors 68000


    Jul 10, 2012
    Sadly i think so... I tried to explain the concept of buying unlocked and unsubsidized and how you can get much cheaper monthly bills to my step brother and sister's husband and they just had no idea what I was talking about. People really think they can get high end smartphones for 0-100 dollars and they're getting a good deal. :eek:

    I'm sure loads of people will be running in and trading in their iPhones this weekend and thinking they're fleecing Best Buy.

    It kind of scares me how much the average consumer never researches things and just throw their money away. Just the fact that Gazelle and those cash 4 gold services are successful enough to advertise on TV leaves me scratching my head.
  14. macrumors newbie


    Jan 22, 2010
    Victoria BC

    The iPhone 6 is unlikely to appear before the fall. Possibly late summer.

    A promotion on an entry-level model does not mean the entire product line will be EOL'd.
  15. macrumors 6502a

    Mar 1, 2008
    Rockland/Manhattan/Bay Area
  16. macrumors 68030

    Mar 4, 2011
    What does Best Buy get out of this?

    Apple will get the profit from the sale of the phone... and the carrier will get your monthly service fees.

    Best Buy gets what... a couple dollars here or there?

    Maybe this is why Best Buy stores are kinda in trouble... razor-thin margins and all...
  17. macrumors Core

    Oct 17, 2011
    How do you get lower monthly bills getting full priced phones? Are you referring to the new AT&T plans which only apply to that carrier and just came out in the last month or so? Seems like for regular service the price is the same whether you get a discounted contract phone or pay much more and bring your own phone (the contracted term being the main difference essentially).
  18. macrumors regular

    Jun 15, 2010
    2 yr contract? People still sign up for those?
  19. macrumors 68020


    May 28, 2009
    Montreal, Canada
    True in some cases, but it depends on your carrier. That's mainly true in the US but even then T-Mobile doesn't do that.

    Honestly I find this very weird.

    To take my mortgage analogy again, it's like if you still had the same mortgage payment amount no matter the cashdown you made. How does that make sense?

    Here in Canada some carriers offer 10% off your plan if you BYOD, but that's still ridiculous: roughly 30% of my carrier fees actually go torwards financing my phone when on-contract, not 10%. I'd be losing around 20% of my bill amount per month by choosing to give a 100% cash down. What is this, a loan with negative interest rate?

    Illogicial stuff gets justified by other illogicial stuff. It's like carriers make stuff nonsensical on purpose in an attempt to confuse consumers to better rip them off.

    I like T-Mobile's transparency when it comes to phone subsidies and I wish something similar in Canada would exist.
  20. macrumors Core

    Oct 17, 2011
    Well, that's basically the example that applies to a lot of people in US (although it's starting to change). Even if you use the mortgage example, would you pay $50K down and then have a monthly payment on a $500K loan, or pay $0 down and have the same exact monthly payment on the same exact $500K loan (with just a requirement that you can't sell the house for the next few years)? It might seem that the numbers shouldn't be like that, but that's how it basically is still with let's say Verizon (the largest North American carrier), so logically it would make sense to go with $0 down (if you don't care about leaving the carrier in the next couple of years, and plenty stay with one for years on end).
  21. macrumors 6502


    Dec 29, 2011
    Irvine, CA, USA
    Free with 2 year contract after trade-in? No thanks, I have already dumped contracts in favor of AT&T's new Mobile Share Value plans (10GB of data for 3 lines for $145).
  22. macrumors Core

    Oct 17, 2011
    Where you are basically financing the phone (on their Next program)?
  23. macrumors 603

    Jun 19, 2009

    cheaper than using 2 year contracts now
  24. macrumors 6502a


    Nov 14, 2010
    I'm an Austronaut
    I haven't had any a phone for almost 2 years, but sometimes I'd like having an iPhone.
    I was using a Nokia that can make and receive calls and send 300 characters text messages.
  25. macrumors 68020

    May 23, 2011
    They get a cut from all three on monthly basis, that's why they no longer do t mobile

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