Thanks. I get what you’re saying but the refurb discount is because the hardware is refurbished, and the financing is to drive sales. I don’t see why Apple would want to differentiate between new and refurb.
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Apple Planning Interest-Free Apple Card Payment Plans for Macs, AirPods, iPads and More
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Thanks. I get what you’re saying but the refurb discount is because the hardware is refurbished, and the financing is to drive sales. I don’t see why Apple would want to differentiate between new and refurb.
All hardware is subscription when you have to eventually replace it. Cars, computers, it’s not a phenomenon unique to Apple.
Does the amount of the product sit as $ on your card balance that you pay off each month, or does the $x/month get added to your card balance as time passes?
Is there a date yet when this will be available? They already announced this months ago. I'm looking to get a new Macbook Pro.
If you get into the Apple plan to update your iPhone each year, what effectively happens is that for a fixed price, you get a new iPhone each year with a drop dead easy way to upgrade each year.
I would buy into a similar option for laptops. Perhaps make the update time two years. Not only would 0% interest be needed but also a buy back option like they provide for iPhones.
I would buy into a similar option for laptops. Perhaps make the update time two years. Not only would 0% interest be needed but also a buy back option like they provide for iPhones.
I am not sure this would work for anything other than iPhones.
The key reason why Apple is able to do this for smartphones is because iPhones still hold on to their resale value relatively well. In addition to locking in the customer to an annual upgrade cycle (ensuring a steady revenue stream), Apple also gets your 1-year-old iPhone which they can then refurbish and resell in the 2nd-hand market. And this works because the demand for 2nd-hand iPhones is there. It's a win-win situation for them, especially when you consider that growing the iPhone user base also means the sales of more accessories, apps and services.
I don't think Macs or even iPads are going to have the same level of demand or resale value to make this economically viable for Apple.
They would probably do this, they currently offer apple care plus at a monthly plan.
How is this news to anyone and how can you even be upset by it 20+ years later? Apple has always been more expensive - from the start. If you're just now realizing this... I'm not sure how to respond. If you already knew, why are you here frustrated? It's Apple.
Well yes, but how about Apple Card for the rest of the world?
How about Canada, EU, UK, Australia, New Zealand, Japan, Hong Kong Taiwan, Singapore in 2021?
How about Canada, EU, UK, Australia, New Zealand, Japan, Hong Kong Taiwan, Singapore in 2021?
24m will be fantastic. I for one will welcome this, i rather pay small amount than put down 2k in one shot.
Microsoft has a 2 year subscription plan
Surface All Access - Computer and Laptop Payment Plans - Microsoft Store
Explore Surface All Access financing and start working right away with the newest Surface devices, accessories, and Office subscription you want.
www.microsoft.com
Corporate PCs are usually on a three-year cycle, so multiple vendors offer such subscription/lease financing for small businesses
DaaS for Small Business | Device as a Service | Lenovo US
Device as a Service (DaaS) is a simple and affordable subscription service that bundles hardware, software, configuration, security, and services for business.
Dell APEX PC as a Service (PCaaS) - Efficient PC Management | Dell USA
Dell APEX PC as a Service (PCaaS) is a complete IT solution that simplifies PC lifecycle management by combining hardware, software, lifecycle services & financing. View on Dell.com
Don’t by a computer on financing. It’s already old when you get it. Just buy a later model at half price. You’re paying over double for 10-15%. Better to just keep buying the second lates model forever.
Apple plans to debut interest-free payment plan options for customers who purchase iPads, AirPods, Macs, and more using Apple Card, allowing them to pay for purchases over several months.
According to Bloomberg, Apple will roll out the Apple Card feature in the coming weeks, with customers given up to 12 months to pay for their products before interest is due.
The 12 month plan will be available for iPads, Macs, the Apple Pencil, iPad keyboards, and the Pro Display XDR, while six month payment plans will be offered for AirPods, Apple TV, and HomePod.
Customers will be able to make payments through the Wallet app, with charges added each month to their Apple Card bills.
Apple rolled out a 24-month interest free iPhone installment plan for Apple Card users back in December, which lets customers purchase an iPhone with the Apple Card and pay over the course of 24 months.
The new device payment plans will work in the same way. Customers will get three percent Daily Cash back for their purchases, and the plans will be compatible with Apple's educational discounts.
During Apple's most recent earnings call, Apple CEO Tim Cook said that Apple was planning to provide payment plan options for devices other than the iPhone. "As you know, we launched the payment plan earlier on Apple Card for iPhone," he said. "We're working on that for other products and you'll see something on that shortly."
Apple's upcoming payment plans are meant to boost sales of Apple devices by allowing customers to pay for their items over time, as well as bolster Apple Card signups.
Article Link: Apple Planning Interest-Free Apple Card Payment Plans for Macs, AirPods, iPads and More
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I buy my MS product keys off eBay for like $6 for lifeMicrosoft has a 2 year subscription plan
Surface All Access - Computer and Laptop Payment Plans - Microsoft Store
Explore Surface All Access financing and start working right away with the newest Surface devices, accessories, and Office subscription you want.www.microsoft.com
Corporate PCs are usually on a three-year cycle, so multiple vendors offer such subscription financing for small businesses
DaaS for Small Business | Device as a Service | Lenovo US
Device as a Service (DaaS) is a simple and affordable subscription service that bundles hardware, software, configuration, security, and services for business.www.lenovo.com
Dell APEX PC as a Service (PCaaS) - Efficient PC Management | Dell USA
Dell APEX PC as a Service (PCaaS) is a complete IT solution that simplifies PC lifecycle management by combining hardware, software, lifecycle services & financing. View on Dell.comwww.dell.com
I love this and will begin buying more directly from Apple as a result.
By the way, interest free financing is just simply a smart thing for those who understand the time value of money. It has nothing to do with whether you can afford the product or not (although this will certainly compel some people to buy who were previously stretching to fit an Apple purchase into their budget). It’s just smart to finance if a company is essentially willing to give you free money for a year.
By the way, interest free financing is just simply a smart thing for those who understand the time value of money. It has nothing to do with whether you can afford the product or not (although this will certainly compel some people to buy who were previously stretching to fit an Apple purchase into their budget). It’s just smart to finance if a company is essentially willing to give you free money for a year.
Only 12 months for a Mac? Guess they don't want everyone rushing to buy an iMac Pro or Mac Pro with $700 wheels.
Jokes aside, I can see the benefits here - 0% is the best interest to have, but I like my large purchases to give rewards, specifically travel rewards. I do like 0% for unexpected events, like home improvement that costs more than expected. I have a good idea of when I'm planning to purchase my tech products, so I benefit by having that money on hand to apply towards rewards while avoiding interest.
Jokes aside, I can see the benefits here - 0% is the best interest to have, but I like my large purchases to give rewards, specifically travel rewards. I do like 0% for unexpected events, like home improvement that costs more than expected. I have a good idea of when I'm planning to purchase my tech products, so I benefit by having that money on hand to apply towards rewards while avoiding interest.
I wondered that as well. It’s not in the article description, but I thought it would be in the 6 month plan along with AirPods, Apple TV & HomePod...
Perhaps they will update it, otherwise Apple Watch will be the lone product out...
Versus most people already financing their $700-$1400 smartphone, either with a company like Apple, Samsung or Google or via their carrier? No difference.
Or how about the alternative of using another credit card without an interest free option and paying a **** ton of interest over time?
Well, if it works like the iPhone payment program via the Apple Card, you get 24 months interest free AND 3% cash back on your purchase. Not too cards out there that will do better. Best Buy doesn’t let you earn rewards AND use the interest free financing option.
I hope at least 18 to 24 months 0% interest. I want a MBP and XDR. That's a big chunk and it would help to pay overtime.
If they also give that big cash back promo around the Holidays, that will be a win-win.
If they also give that big cash back promo around the Holidays, that will be a win-win.
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Oh good grief people, the poster was just making a joke. Lighten up.
They add the amount to one's bill per month, so does that mean it is only considered paid if the entire monthly balance is paid? Or, is the amount of the bill that is equal to the monthly charge considered the first thing paid with the remaining balance charged interest if carried over?