that's a very dumb thought you have posted right here
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Apple Allowing iPhone Upgrade Program Customers to Get a 'Head Start' on iPhone X Upgrade
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that's a very dumb thought you have posted right here
Screenshot in the post is from the Apple Store app. Info also listed here: https://www.apple.com/shop/iphone/iphone-upgrade-program
Who said I was? I may buy it, but then I haven't paid for a new phone since the 4S and have had my 6s since launch because my stupid phone insurance replace my broken 4s with it. I'm not one who feels a need to get a new phone every freaking year. Especially when the upgrades are getting to be more and more of a joke. The X is a major one, so maybe I'll get it. But in the long run you are paying a FORTUNE for a PHONE that you will NEVER actually "own" because you are constantly upgrading. How does this make ANY financial sense?
So you are essentially paying $600 a year for something you'll never actually own and you will be trapped in this endless cycle of chasing the latest and "greatest" even thought the changes are minor - like this year's iPhone 8. It's better to bite the bullet and pay it off up front than a "death by a thousand cuts" method of getting stuff.
What's the point? But people like what they like and I would never begrudge you for it. Two year cycles always made more sense to me, then this stupid yearly updates. This is why the quality of the iPhones have gone to heck is because all of these manufacturers up updating every year when in reality there's not much that CAN be updated on a yrly basis.
I signed into my Apple IUP account and don't see any information regarding the Monday loan approval. Anyone else not get it?
Do people not understand how these financing options work?
They’re 0% financing.
Option to buy out full price at any time.
Option of after X amount of payments to turn in phone and finance new phone.
There is NO REASON not to do it.
They’re 0% financing.
Option to buy out full price at any time.
Option of after X amount of payments to turn in phone and finance new phone.
There is NO REASON not to do it.
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In fact, it's to your benefit to take the 0% financing and keep benefiting from the interest while you pay it off.
What are you talking about?
Trapped?
You can pay the phone off whenever you want. When the payments are done (in which no interest was paid) the phone is yours.
I don’t get what’s so confusing. I don’t get why anyone has anything bad to say about these plans outside of the fact you don’t get discounts anymore for contracts.
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Purchasing outright is just such an outdated, old fashioned notion. Why pay for something you’re not using? Pay for the term of the agreement and then hand back or extend and then decide to own. It’s kinda the same in the long run.
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You do realize every time a credit inquiry hits, it makes you less credit-worthey. It lowers your score for 3 years. Causing higher insurance premiums, higher loan and credit card interest rates, etc. If that's worth you having "no interest" for a year, so be it. You pay one way or another. I guess for me dropping $1k on a phone isn't a big deal, I'd never think about applying for a loan to buy it.
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Well, in lieu of getting a discounted phone, many carriers give you a discounted plan. Or if you're cynical, they don't inflate your plan just to give you a discounted phone.
Keep telling yourself applying for a loan to buy a phone every year is no different than just paying cash... well cash as in on a credit card which gets me 4% cash back and I pay it off in a week... but yeah... keep telling yourself that.
No offense but looks like you are from 1996. This is a super pocket computer that is the most used product/tool in someone’s life. In 2017 it makes sense to finance a high end smartphone.
Financing a phone does not impact your credit score in any meaningful way.
Are you 18 years old or something?
Now if only they let new IUP customers sign up beforehand too. Now those people will be behind everyone else.
Sure there is. Buy it outright and don't worry about the hassle of qualification avoid launch day sanfu's and avoid a monthly payment. Now if you are buying outright because you are throwing it on a credit card and will pay interest over time...not too smart.
Last year they just put an authorization on your credit card for the full price of the phone just to see if you could pay for it on your card they never did a full credit check. My "iPhone Loan" doesn't show up on my credit report at all.
Think again. One inquiry on your credit report lowers your score... be it 5 points or 20, it lowers it... FACT.
It's called credit. Global economy relies on it. I bought a 12 month SIM package the other week for my old 5s and it has to be paid monthly: no option to pay £136 upfront. So it's on credit.
Oh, well that's good to know then. But their terms and conditions say it will do a hard inquiry. Maybe if you have a history with them or have one of the Apple Store Credit cards or have in the past they just do a soft pull.
I'm wondering if you are not in the program can you apply on 10/23 and get approved ahead of 10/27. Probably not, but I'm asking anyway.
Yeah, being in debt is so amazing. The United States borrows money from China to pay the interest payments on the debt we owe. Yeah, the global economy relies on it... banks love those who are in debt.
The way I read it, it is for existing IUP members...hence the check if you're eligible part.
There is a reason for some. You do not save much here ($20...40) which for some may not justify the hassle of the "paperwork" or additional risk associated with your personal data registered (wherever it is registered) for this "loan".