A little help understanding the iPhone upgrade program

ajo

macrumors 6502a
Original poster
Jan 28, 2006
500
6
Looking at the upgrade program but may not upgrade after 11 months. Might be missing something here but after 20 months do you stop paying the fee. Is the iPhone cheaper this way.
 

KrisLord

macrumors 68000
Sep 12, 2008
1,536
1,024
Northumberland, UK
Yes after 20 months payments stop and you keep the phone.

The phone isn’t any cheaper, your payments are the same total as paying in full on day 1 for the phone with Apple care+.

But you’ve spread the cost over 20 months and paid no interest.
 

JulesJam

Suspended
Sep 20, 2014
2,537
300
Looking at the upgrade program but may not upgrade after 11 months. Might be missing something here but after 20 months do you stop paying the fee.
It's 24 months 0% financing. You have the option to upgrade after 12 payments but you don't have to do it. If you make all 24 payments, you own the phone and you are done paying.
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Is the iPhone cheaper this way.
No, it is the exact same price but includes AppleCare+. All it is is 0% financing with the option of trading in after 12 months to get a new phone. If the phone has damage to it - cracked screen, water damage - then you have to pay the AC+ deductible to do the trade in. The AC+ deductible is $29 for cracked screen or $99 for anything else. You pay sales tax on the deductible in my state.
 

KrisLord

macrumors 68000
Sep 12, 2008
1,536
1,024
Northumberland, UK
It's 24 months 0% financing. You have the option to upgrade after 12 payments but you don't have to do it. If you make all 24 payments, you own the phone and you are done paying.
[doublepost=1508963024][/doublepost]No, it is the exact same price but includes AppleCare+. All it is is 0% financing with the option of trading in after 12 months to get a new phone. If the phone has damage to it - cracked screen, water damage - then you have to pay the AC+ deductible to do the trade in. The AC+ deductible is $29 for cracked screen or $99 for anything else. You pay sales tax on the deductible in my state.
It’s 20 payments rather than 24, and your upgrade is after the 11th payment (probably 12 months after getting the device)
 

KrisLord

macrumors 68000
Sep 12, 2008
1,536
1,024
Northumberland, UK
Not in the US.
[doublepost=1508963526][/doublepost]
Not in the US. In the US you have to make 12 payments before you can upgrade.
Ah it’s 20 in the UK.

A bit annoying as I think spreading over 24 would be preferable!

2 year contracts are pretty standard here so it makes it more compatible to network offers.