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

Hmm, they tried to sell me this package when I bought my iPhone 8. No thanks, I like buying items outright. I’ve noticed a huge global shift to not actually owning things - it’s all about renting now. Which nets those loaning to people a lot of money no doubt.
 
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chriscrowlee said:
You're right, but people will defend and try to justify their position "leasing" a phone to the death so it's a moot point to bring it up. Same thing as people who lease cars.. they can't afford to buy it.
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No, he is not and neither are you.
And I am not in one of these programs.
 
KrisLord said:
It’s a 0% finance, so even if you can afford to buy immediately, you’d be better off getting the finance and putting the $1000 in an interest earning bank account.
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1. Interest earning bank account? Worst way of investing ever.
2. Interest rates are way down.
3. At least in most European credit scoring systems, those small consumer credits are score killers. If you are going to need a "real" credit in the next few years for things like real estate, even a 0,1% higher interest rate due to you making 3€ on that cell phone will cost you thousands.
 
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chriscrowlee said:
You're right, but people will defend and try to justify their position "leasing" a phone to the death so it's a moot point to bring it up. Same thing as people who lease cars.. they can't afford to buy it.
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Congratulations since you bought your car and home outright with cash, but you can save your insults against the vast majority of people who don’t.
 
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So if the 6s sold 13 mil opening weekend. Let’s guess the 7 sold 13-15 Mill. What’s a good number to say for the X, 8-10 Mill? Since this is a split launch and some people already got the 8 that should alleviate the opening weekend numbers for the X. However we look at it 3-5 people out of 10 are going to get one on launch.. What’s your guess?

That’s BS the iPhone upgrade people get a jump on the rest, if anybody should get a jump on phones it should be California people! Lol
 
jdclifford said:
Your shattered screen will cost you $29 + $129 for the AppleCare+. Also it "Extends your coverage to two years...". Since you'll only have iPhone for 1 yr who cares about yr 2?
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You don't pay for Apple Care in full. Its spread out over the 24 payments. If you break your screen in month 2, you pay 29 + 2/24 of apple care cost. Roughly 39 to fix...
 
TigerWoodsIV said:
I mean, I could afford to buy a bunch of these all at once, but I don’t feel like having to sell my device every year. So I do what any sensible person would do in that position, get a 0% loan to pay it off monthly and simply swap out last year’s device for the new one.

Might be good to speak for yourself and not assume everyone on the IUP can’t afford to buy the phone up front. If anything, we’re spending more. If you want to deal with the hassle of selling your phone every year, you can get more than 50% back, so it actually costs less to buy a new one every year.
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As I said in a previous post at some point (which was reached with the 7) yearly phone updates just aren't worth it. I do think the X is probably worth getting because it is a radical change (for an iPhone). In some ways I can see the benefit of the program, I just don't like the idea of having to take out a LOAN for it and I'd rather just get it through my cell phone provider, even if it is the same thing and honestly since I paid for my original 4s, back in the day I just like the idea of not being "nickle and dimed to death." I

Especially when it means my Cell Phone bill suddenly goes from $70 to $120 a month on a service that I LOATHE paying for since I'm not on the phone long enough to justify the cost and it rarely works when I need it to. I use my phone for everything but a Phone, so I'd rather pay straight cash and regret my purchase ONCE then seeing those bills every month for years and wonder what the hell was I thinking? I would get it through the cell phone provider, pay for a few months and then make a lump sum payment to own it.
 
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Well that blows about not getting preapproved if you are new to the upgrade program.... how long does it take to get approved while you are ordering under tremendous pressure? ;). I can buy it outright but I’d rather join the club.... sorry in advance if this was already asked but I couldn’t find it through all the financial advice :)
 
TheShadowKnows! said:
You said then: ""Paying only half the price." And you said now: "So either way I'd be spending that money."
I said then, and repeat: "Not really"

Why?

First, not debating your financial standing. Or the use of money which, of curse, is entirely yours to dispense as you see fit. But you were leading the unaware by simplification:
  1. actual loss of 50% of the sales tax payment: If you live in a sales tax state (other than Alaska, Delaware, Montana, New Hampshire, Oregon, in alpha order) then half the taxes, accrued to Apple in month one, are lost.
  2. actual loss of one year of AC+ protection: You paid for a two-year accidental protection to cover two hardware incidents, which if not used in year one the protection will be lost since it does not accrue to your new device.
  3. potential credit downgrade as lenders do not grade kindly the excessive use of borrowing (10% of your credit balance) and/or the number of hard pulls on your credit history (within two year window).
These might be inconsequential to you, but are worth mentioning as caveats to "paying only half the price".
[doublepost=1508571795][/doublepost]

Sorry dude. Can only speak off the Terms and Conditions as published.

  • First Installment Payment. Your first installment payment under your Installment Loan will be authorized on your credit card at the time of purchase, pick-up, or shipment and will be processed within three days. For purchases made at an Apple Retail Store, all applicable taxes and fees due on the purchase of the Financed iPhone and AppleCare+ are included in your first installment payment to Bank. For purchases made on apple.com, your credit card will be charged with two separate transactions: (1) applicable taxes and fees on the full retail price of the Financed iPhone and AppleCare+ will be paid to Apple; and (2) the first payment of your Installment Loan will be paid to Bank.
There. Off Dr. Google.
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I don’t think it’s the whole amount of AppleCare+ in the 1st installment because Apple also quoted a monthly payment that calculates out to (iPhone + AC)/24 exactly. You do pay the whole sales tax in the 1st installment though.
 
QuarterSwede said:
In fact, it's to your benefit to take the 0% financing and keep benefiting from the interest while you pay it off.
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That assumes people actually invest that money rather than spend it on something else equally as frivolous as a $1000 phone.

Considering how much debt and how little savings the average person has, that is not a safe assumption.
 
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90% of this post is you all arguing whether this IUP is a good idea. Like damn if you don't think its a good idea good for you... no sense in shoving your opinion down someones throat who doesn't agree with you at all. This forum sucks for this.. makes reading this stuff boring.
 
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At first this program kind of makes me feel like Apple has left me out in the cold. My iPhone 6 is paid for, I own other Apple products and yet these people, the ones with the current monthly program get a head start on the mad-house ordering process coming on the 27th.

But, what a genius operation; Apple keeps their customer base on the hook and prevents them from trying the competitors’s products. It also makes me rethink my iPhone purchase methods; let’s see for zero interest I can pay monthly and have the option to upgrade to the latest phone after twelve months and include Apple Care. Hmm, I paid cash up front for my 6 and have kept it for over three years, so did I save anything? Only the future cost of money (inflation) and not having to worry about making a monthly payment.

Yep this is a great sales promotion, even for those who are not part of it yet!
 
virginblue4 said:
They aren’t getting an advantage over anyone else. They are getting a level playing field by being able to do the credit approval etc earlier. That’s all.
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This will be a highly missed point. IUP upgraders were actually at a disadvantage before, believe it or not.
 
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It makes me nervous. I couldn’t even secure a matte black 128GB 7 last year on launch day. I was done ordering by 3 minutes after pre orders went live, too! I feel like there’s no way I’ll be able to secure a 10 on launch even with the phone already saved in my favorites.
 
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