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Apple Allowing iPhone Upgrade Program Customers to Get a 'Head Start' on iPhone X Upgrade

Appleaker said:
That makes no sense, it’s essentially the same as saying the almost 80% of iPhone users that buy it on contract shouldn’t be buying it at all.
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It's all unsecured consumer debt. How frequently would the average person upgrade if they had to pay cash out-of-pocket for a new phone? How many phones would Apple (or Samsung, LG, etc.) sell if no financing was available for phones? How much would an iPhone cost if financing wasn't built in to the price?

Like anything else (homes, cars, education, etc.), the 'price' of phones will continue to increase as long as financing is available to maintain demand.
 
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ScubaCinci said:
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.
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Sure - if you’re not currently enrolled then this may be an advantage.

Which is why Apple is offering this what is in OP
 
coolbreeze2 said:
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.
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michael31986 said:
Can someone else confirm. If I’m new to the program and apply for the loan when I preorder. Am I given a shipment date while waiting to be approved? Don’t want to lose my spot if I wait an hour to get approved. Not sure how instant it is.

Someone quote me.
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Legends20036 said:
Now if only they let new IUP customers sign up beforehand too. Now those people will be behind everyone else.
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Unfortunately, customers new to IUP are not elegible for preapproval. They’ll have to apply in the moment, wait the couple of minutes for approval, and then continue the preorder process.

That is the only reason I’m not switching to IUP this year. It’s a good deal otherwise.
 
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mmm1345 said:
If you need a loan to get a phone, maybe you shouldn't be getting it in the first place. I know I sound like an elitist or something, but still....
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I don’t need a loan. This way I can get a new phone every year without having to sell the old one. I like renting with the option to buy or keep renting.
 
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falainber said:
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".
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It’s not a loan. Additional risk?

Personally I’m on ATT next plan so they have all my information regardless.

I’m sure Apple has yours too.

This is all bogus stuff.

You want to pay full price, go ahead. The reality is - the ease of trading in a phone and not have to sell to get the next is worth it.

If you don’t care about that and just want to stockpile phones - that’s cool too.

Defeats the whole idea of this conversation though.
 
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I bought my 6S Plus outright, like I have from the iPhone 3GS. I’ve been let down so many times selling it on eBay or loosing money selling it to ‘trade’ sites. This is why I’ve decided to do the the AIP now and have repacked with the 8 Plus. I can’t be bothered but buying and selling every year. My time is way more important than a few quid here and there and dealing with the idiots on eBay that let you down. I’m okay with paying a premium for this, but I can afford it. A 0% ‘loan’ is a no brainer. If you want to trade after 12 months, go for it. If you want to buy outright after 24 months, it’s yours. Win win for me!
 
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topmounter said:
It's all unsecured consumer debt. How frequently would the average person upgrade if they had to pay cash out-of-pocket for a new phone? How many phones would Apple (or Samsung, LG, etc.) sell if no financing was available for phones? How much would an iPhone cost if financing wasn't built in to the price?

Like anything else (homes, cars, education, etc.), the 'price' of phones will continue to increase as long as financing is available to maintain demand.
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Considering there is are always offered ways to finance any large electronic purchase, this isn’t a practical question and would effect all industries.
 
There goes about 1 million of the already supposed 3 million limited stock of X's.
 
Ntombi said:
Unfortunately, customers new to IUP are not elegible for preapproval. They’ll have to apply in the moment, wait the couple of minutes for approval, and then continue the preorder process.

That is the only reason I’m not switching to IUP this year. It’s a good deal otherwise.
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So you are saying newcomers to the program must wait to 10/27 and then it takes a couple of minutes for approval? That's not too bad but if there are millions of people trying to join the program on 10/27 the credit check system might overload and drag or shutdown. Does anyone know which credit report Citizens Bank utilizes (Equifax, Trans Union, or Experian) and what is the minimal required score?
[doublepost=1508538211][/doublepost]A thought just hit me. If you are in the program and didn't plan to upgrade, being given early access to the product in a climate of scarce availability makes you feel special and you will upgrade to enjoy your privileged status. Very smart of Apple. This helps guarantee bigger launch day sales figures for iPhone X which encourages more people to jump on the bandwagon after launch day.
 
inspectorgadjet said:
Perhaps try reading the entire article?
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Read it ONCE more...
There is nothing in there any more precise than "Apple started notifying customers about the option this morning through its website and via a notice in the Apple Store app."

Is this about "just receiving a notice"?

Please quote the passage if you really intend to be of help.
Thank you.
 
This is no different than what was done with the iPhone 8. Except this time on 10-27 you'll need to open your Apple Store App and finish one step within 3 min if you want November 2017. Otherwise it will be 6-8 weeks at best within 12 hrs. ;)
 
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And there folks, is how you make sure you can report record sales of an iPhone to shareholders. Good tactic I might add, but pretty see-through.
 
So if I am not currently part of this program can I do it on Monday being a new Apple upgrade program customer?

Or for those not a part of this upgrade program currently they will jut have to go through the approval process on the 27th???
 
Outside of Bang & Olufsen, no company has charged so much for such infinitesimal improvement.
 
chriscrowlee said:
Think again. One inquiry on your credit report lowers your score... be it 5 points or 20, it lowers it... FACT.
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If you go with Citizens and Apple they will pull a soft check that will not be revealed on your FICO each year after the initial entry into the program. Initial entry triggers a hard pull. If you are late on a payment, or for some reason miss a payment they will do a hard check again prior to reauthorizing you. Each time you upgrade you turn in your phone. Apples pays the balance, and you open a new loan with Citizens. :apple:
 
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falconman515 said:
So if I am not currently part of this program can I do it on Monday being a new Apple upgrade program customer?

Or for those not a part of this upgrade program currently they will jut have to go through the approval process on the 27th???
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Ntombi said:
Unfortunately, customers new to IUP are not elegible for preapproval. They’ll have to apply in the moment, wait the couple of minutes for approval, and then continue the preorder process.

That is the only reason I’m not switching to IUP this year. It’s a good deal otherwise.
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This is probably the first time apple has thrown loyal customers a bone. Which is why loyalty is overrated when it comes to business.
 
The Game 161 said:
It will be.

it does say from the 23rd
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The IUP will be but this pre authorisation won’t be as the process to upgrade on the IUP in the UK is different from the US.

In the UK, we can’t upgrade online, we have to make a reservation in store where the credit check is done by a store colleague whereas in the US they have the option of upgrading online on the IUP. Hence this early credit check allows them to save precious time when ordering their upgrade online on the 27th.
 
If you aren’t already a member that has previously used the program then will you be able to join to start the order process on the 23rd? When I select to join on the app it notes “Join with iPhone X starting on the 27th”
 
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