iPhone 16 Pro 16 Pro on Apple Finance to 17 Pro?

[Nem]

Hi

I bought a 16 pro on launch day and went with the 24 month Apple finance with Barclays. I traded in my iPhone 12 and got £150 for it against the 16 pro. So I'm currently paying £35 a month for the 24 months, and when the 17 launches I'll be 12 payments in.

Will I be able to go to store and trade in the 16 Pro for a 17 Pro, and have them settle the finance and take the 'hopefully' remaining balance off the cost of the 17 and effectively start another 24 months interest free?

£1000 minus the £150 trade in, and minus the £420 I've paid so far monthly is £430 left to pay. Looking around shows about £600 trade or sale of a 16 Pro so I should have roughly the same £150 left towards a 17 and keep the rough same monthly payments going forward?

Any advice if this can be done, or? Thanks!

 

[Basic75]

What's wrong with your 16 Pro that you need to replace it so soon? My advice is to keep your 16 Pro for at least 3 years, better 5, and then start looking for a new phone.

 

[Nem]

What's wrong with your 16 Pro that you need to replace it so soon?

In all honesty nothing. It's more about keeping momentum in keeping payments the same and not keeping it loo long like I did with the 12 and it being worth a lot less. I suppose keeping it another 12 months and paying it off fully it will them be worth still £300 - £400 maybe and be a bigger deposit on the next one at that point.

Although, I say nothing in wrong with it, the screen has started to wear in the thumb scroll area, but thats it.

Cheers.

 

[jntdroid]

At least in the U.S., unless you’re on the official iPhone Upgrade Program, they treat it as if you financed it through a third party, even if it’s financed for 24 months on your Apple Card. So you can likely trade it in, and you’ll get the discount on the 17 Pro, but you’ll still be responsible for the balance on the 16 Pro as well.

 

[maerz001]

In all honesty nothing. It's more about keeping momentum in keeping payments the same and not keeping it loo long like I did with the 12 and it being worth a lot less. I suppose keeping it another 12 months and paying it off fully it will them be worth still £300 - £400 maybe and be a bigger deposit on the next one at that point.

Although, I say nothing in wrong with it, the screen has started to wear in the thumb scroll area, but thats it.

Cheers.

Its the other way around. The longer u keep a phone the less u have to pay. Isn’t this the same with all products?

 

[4sallypat]

I used the Apple Card from Goldman Sachs with the same 24 month plan at 0% interest.

Usually I will upgrade every other year (when it gets paid off).

Unless this year's new iPhone has a super neat feature I have to have - I will wait for iPhone 18....