Apple Expands iPhone Trade Up Program to France, Italy, and Spain

MacRumors

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Original poster
Apr 12, 2001
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Apple today expanded its "Trade Up with Installments" program for iPhone to France, Italy, and Spain, enabling customers to trade in an eligible older-generation iPhone, Android, or Windows Phone smartphone and put the value of that device towards a new iPhone based on a 24-month payment plan.


When a customer in Italy trades in a used 16GB iPhone 5s for a new 16GB iPhone SE, for example, an amount of EUR16.98 must be paid each month for the duration of the two-year installment plan. A total of EUR425.52 would be owed after interest rates are applied to the price. Exact prices vary depending on the combination.

The program is effectively a loan handled by Apple as an intermediary, so customers will need approved credit to qualify. The exact amounts paid may vary depending on the condition of the smartphone traded in. Apple's financing partners include Sofinco in France, Agos Ducato in Italy, and Cetelem in Spain.


"Trade Up with Installments" was heretofore exclusive to the U.S., where the program is financed by Citizens Bank with a 0% interest rate.

Apple recommends that customers speak to a Specialist at an Apple Retail Store for more details. The offer is not available online and is set to end on August 31, 2016 in France, Italy, and Spain. Apple's similar iPhone Upgrade Program remains exclusive to the U.S., so this program is a viable alternative for financing a new iPhone.

(Thanks, setteBIT!)


Article Link: Apple Expands iPhone Trade Up Program to France, Italy, and Spain
 

profets

macrumors 601
Mar 18, 2009
4,445
4,153
I wonder if they'll have it in many more countries come the fall launch of the next iPhone. I'd like to see it in Canada.
 
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LosLoco

macrumors member
Nov 28, 2012
99
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DENMARK, DENMARK, DENMARK! <- me rooting for Apple to expand to Denmark as well. Selfishness at its best!
 

RedOrchestra

Suspended
Aug 13, 2012
2,626
3,154
Gotta' keep those sale numbers UP some how.

Guess Apple's still counting on India letting them in to sell outdated, refurbished iPhones at a discount - they must have quite an inventory at the warehouse, waiting for India's blessing.
 

kingofwale

macrumors 6502a
Apr 24, 2010
965
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so let me get this straight...

you essentially pay the new phone in full with instalment payment in 2 years. but then why do you have to also trade in your old phone??
 
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cube

macrumors P6
May 10, 2004
16,453
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Lets see how long financing with 0% interest works! :D
Better than putting the money in the bank in some countries.
[doublepost=1464355561][/doublepost]
so let me get this straight...

you essentially pay the new phone in full with instalment payment in 2 years. but then why do you have to also trade in your old phone??
I understand the point is AppleCare+.
 

bbeagle

macrumors 68040
Oct 19, 2010
3,340
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Buffalo, NY
so let me get this straight...

you essentially pay the new phone in full with instalment payment in 2 years. but then why do you have to also trade in your old phone??
No. You get a discount on the price of the phone. If you owed $25/month, you'd owe $15/month instead if your trade-in was worth $240.
 

justperry

macrumors G4
Aug 10, 2007
10,137
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Home is everywhere and nowhere.
Bad deal, a new iPhone SE is € 489 in France, if you sell your iPhone yourself it's much better.

When a customer in Italy trades in a used 16GB iPhone 5s for a new 16GB iPhone SE, for example, an amount of EUR16.98 must be paid each month for the duration of the two-year installment plan. A total of EUR425.52 would be owed after interest rates are applied to the price. Exact prices vary depending on the combination.
Bold: Don't you guys know there is a sign for the Euro - :p
And it should be 16,98 € and 425,52 €

Why do I continue to check this site... multiple times a day? I suppose this is important to some people, but man is it uninteresting.
So, you only want American news. :rolleyes:
This is a global site and so is Apple (Global company).
 

cube

macrumors P6
May 10, 2004
16,453
4,467
Bold: Don't you guys know there is a sign for the Euro - :p
And it should be 16,98 € and 425,52 €
I am in Europe. I have a US keyboard, so I would write 16,98 EUR and 425,52 EUR (note the positioning).
 

Shirasaki

macrumors G3
May 16, 2015
9,429
3,443
Even with such plan, an iPhone is still expensive anyway.
Apple should provide up to 50% discount for a new iPhone, if the iPhone traded-in has very good condition (few or no scratch, no screen crack, no liquid damage etc). And this rate could go down as the condition goes worse.
 
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iMerik

macrumors 6502a
May 3, 2011
573
346
Upper Midwest
Bad deal, a new iPhone SE is € 489 in France, if you sell your iPhone yourself it's much better.



Bold: Don't you guys know there is a sign for the Euro - :p
And it should be 16,98 € and 425,52 €



So, you only want American news. :rolleyes:
This is a global site and so is Apple (Global company).
Nothing about this being international news is what makes it uninteresting. I'd say the same thing if this was only about the United States. Much of the frontpage news on this site could be relegated to little headline snippets on the side somewhere, not full screen spreads, but then I suppose the frontpage would be quite bare.

I suppose I should eyeroll at how quickly you are to judge and find it fashionable to say that Americans only care about themselves and not the international community.
 

cube

macrumors P6
May 10, 2004
16,453
4,467
Spoken by the French, not French.

They even invented a word for 'email'.
 

bhonder

macrumors member
Feb 24, 2010
37
5
Italy
In Italy interest rates are 6.5% / ~10% (tan/taeg): it is nearly an usurer rate.
Besides the fact that if one could not afford an iPhone he shouldn't buy it, Apple is making a poor show of herself applying this rates.
 

Altis

macrumors 68030
Sep 10, 2013
2,987
4,423
Why do I continue to check this site... multiple times a day? I suppose this is important to some people, but man is it uninteresting.
Apple rumors and news used to be exciting. There's little to be excited about anymore, sadly. It's all about turning your device into a store and hook you on services, policies, etc.