Apple Announces New 'Trade Up With Installments' 24-Month iPhone Payment Plan

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 18, 2016.

  1. MacRumors macrumors bot

    MacRumors

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    Apple today announced a "Trade Up With Installments" payment plan that will let users trade in an old iPhone, Android, or Windows Phone and put the value of that device towards a new 24-month iPhone installment plan (via CNET). Available only in Apple Stores within the United States, the new program is a combination of Apple's classic reuse and recycle program and the newer 12-month iPhone Upgrade Program that launched alongside the iPhone 6s and iPhone 6s Plus last year.

    According to Apple, Trade Up With Installments is "really geared toward people who have older generation iPhones." As with most trade-in programs, the older model of the phone that is traded in, the lesser its value. With Apple's new initiative, a new factor is thrown in depending on the model of iPhone that users are looking to pay off on the 24-month installment plan. So, for example, if someone were to trade in an iPhone 4 for a 16GB iPhone 5s and receive maximum trade in value, the monthly payment would be on the lower end, equating to $14.58/month.

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    Using the same iPhone 4 to trade in for a 128GB iPhone 6s Plus would net a $35.37 monthly payment on the new program. AppleCare+ isn't included in these new plans, so users will have to pay extra if they seek the Apple iPhone insurance. Specifics weren't given regarding Android and Windows Phone value, but Apple ballparked their trade-in value to somewhere between $100 and $300, lining up with the monthly values of the iPhone 4, 4s, 5, 5c, 5s, and 6.
    Unlike the iPhone Upgrade Program that offers a monthly installment plan but lets you upgrade your device yearly with a trade-in of your old device, the Trade Up With Installment program requires the device to be completely paid off before it can be traded in for an upgrade.

    For a full breakdown on the trade-in values of old devices and the cost of new installment plans, check out CNET's comparison chart.

    Article Link: Apple Announces New 'Trade Up With Installments' 24-Month iPhone Payment Plan
     
  2. 8692574 Suspended

    8692574

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    #2
    Wow getting the same for 16 and 128 GB, this must be a super deal for 16 gb owner, not so much for 128 buyers!!

    Even so, I think a 16 gb could sell for a little bit more online if it was in pristine condition.
     
  3. Rudy69 macrumors 6502a

    Rudy69

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    I hope the plan comes out in Canada next year! I bought my 2 iPhone 6S outright and I'd much rather use this plan so I can get new phones every year instead of every 2 years like I've been doing.
     
  4. Eidorian macrumors Penryn

    Eidorian

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    #4
    Why make a cheaper phone when you can just make a loan?
     
  5. BeSweeet macrumors 68000

    BeSweeet

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    #5
    "The amount doesn't change based on how much storage you have."

    Yeah, no...
     
  6. newyorksole macrumors 68040

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    #6
    Uhh wasn't this always an option when the iPhone Upgrade Program first came out?......
     
  7. Crosscreek macrumors 68030

    Crosscreek

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    This would be fine as long as I don't need an Apple store to do it at. Closes store to me is 2.5 Hrs.
     
  8. Xenc macrumors 65816

    Xenc

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    #8
    Convenience usually wins, even if it is a rip off.
     
  9. hybroid macrumors regular

    hybroid

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    #9
    Not everything everywhere has to be absolute bang for buck. Sometimes it's okay to let go...
     
  10. Dave245 macrumors 604

    Dave245

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  11. nburwell macrumors 601

    nburwell

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    Not bad if you have an older device you want to trade in. I'm on the IUP and I still prefer that program to the one Apple just introduced. I'm sure there will be some confusion between the two programs for those who aren't familiar with each programs differences.
     
  12. Thunderhawks Suspended

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    Feb 17, 2009
    #12
    Maybe they should just say: Give us your phone and we'll recycle it.

    Pat on the back and an "attaboy reward" for being environmentally conscious!
     
  13. Sbishop84 macrumors member

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  14. cmChimera macrumors 68040

    cmChimera

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    #14
    Wish the iPhone upgrade program and this plan were available online.
     
  15. hauntvictim macrumors 6502

    hauntvictim

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    #15
    So it appears this is for device only and will not effect my grandfathered unlimited plan, correct?
     
  16. walt7788 macrumors member

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    #16
    Does it require a hard credit check, like the other iPhone upgrade program does? If so, this is not a great option. if you're a long time Apple customer, they should only do soft credit checks based on purchase history (or something similar).
     
  17. AvidArtist macrumors newbie

    AvidArtist

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    #17
    That's what I'm wondering. I'd be happy using either this new plan or Apple's original IUP plan, but I don't want to lose my grandfathered unlimited data.
     
  18. Zaren macrumors regular

    Zaren

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    #18
    Hey, if they'll give me $100 for my carrier locked 4s, that'll be a good start.
     
  19. RickInHouston macrumors 65816

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    #19
    I think mindshare is no longer -"oh, a new phone is out I better get it."

    It is now, "I cracked my screen" or "my earpiece no longer works".
     
  20. furi0usbee macrumors 68000

    furi0usbee

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    #20
    Wow, I am in the market for a new iPhone, but don't want the large 6 or 7. The 5se is compelling. I also have a 5, so if I can take advantage of this deal, that would be great. Going to wait and see what happens with the 5se.
     
  21. MacBH928 macrumors 68040

    MacBH928

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  22. Z8beema macrumors 6502

    Z8beema

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    #22
    Wonder if you can trade in multiple devices
     
  23. blairh macrumors 68040

    blairh

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    #23
    You get just as much money for a 16GB model versus 128GB. Weird.

    This is a good program for people who don't want to or know how to deal with Ebay/Craigslist/Swappa.
     
  24. ironpony macrumors regular

    ironpony

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    #24
    My ATT installment for iPhone 6S plus is $35.42 without a trade in. So an iPhone 4 trade in could have saved me $.05 per month. ?
     
  25. KdParker macrumors 601

    KdParker

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    #25
    Can I give apple 2 phones toward the purchase of one new 6s?
     

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92 February 18, 2016