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Apple Starts Offering 0% Financing on iPhones for 24 Months in Canada

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Apr 12, 2001
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Coinciding with the start of iPhone 13 and iPhone 13 Pro pre-orders, Apple today started offering 0% financing for an extended 24 months on new iPhone purchases in Canada through financing partner PayBright, up from six months previously.

iPhone-13-Pro-Light-Blue-Side-Feature.jpg

For example, customers with approved credit can now pay for the iPhone 13 Pro with 128GB of storage for 24 equal monthly payments of $58.29, with zero interest applied over those two years. Taxes must be paid in full upfront at the time of purchase. The financing option is available through Apple's website, retail stores, or by calling 1-800-MY-APPLE.

With the lack of an iPhone Upgrade Program or the Apple Card with Monthly Installments in Canada, this financing offer from PayBright finally provides Canadians with a way to finance an iPhone purchase directly from Apple over two years.

Update: PayBright has been experiencing issues today with the iPhone 13 pre-order process, according to complaints on Twitter.





Article Link: Apple Starts Offering 0% Financing on iPhones for 24 Months in Canada
 
Article Link
https://www.macrumors.com/2021/09/17/iphone-24-month-financing-canada/
Last edited:
Not sure why that tweet is relevant. 1TB is an option that pushes it above $2K. I could also tweet that Kia has also surpassed the $100k mark because of the gold plating and diamond windows option.
 
iosiseasy said:
Not sure why that tweet is relevant. 1TB is an option that pushes it above $2K. I could also tweet that Kia has also surpassed the $100k mark because of the gold plating and diamond windows option.
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The relevance comes from the fact that an iPhone is now more expensive than most laptop and desktop computers
 
I cannot find anything that says if there is an admin fee or not. Can anyone confirm? I have the $ to buy a phone but I'd rather just pay monthly and earn a bit of interest keeping $ in the bank for a bit longer.
 
raziel101 said:
I cannot find anything that says if there is an admin fee or not. Can anyone confirm? I have the $ to buy a phone but I'd rather just pay monthly and earn a bit of interest keeping $ in the bank for a bit longer.
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No admin fee. The process seems quite simple too. You have the option for financing throughout the checkout process, and near the end you choose monthly payments or full purchase.

I believe you pay HST up front, and then the remainder is split equally into 24 payments.

Also interesting of note, if you are doing a trade in, the value of the trade is applied immediately so that the monthly payments are reflected with the lower amount (as opposed to paying full price and having refund put on the card once trade in is received).
 
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Ah heck, I wish I noticed that right away.
Purchased a 256 outright with next Friday delivery…

Delivery dates in Canada haven’t slipped too far, might just grab a second one on paybright and return the other once it arrives. At 0%, I’d rather be paying monthly vs lump sum.

Also when financing AC+, it’s actually $2/Mo cheaper than paying Apple monthly.
 
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Apple really knows how to choose their partners. First Goldman Sachs for the Apple Card and now this. Cupertino needs a complete clean out in the executive suite.
 
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I finally got through to get mine. I have to say I probably wouldn't have bothered to upgrade my phone if not for the 0% deal.

Now we need 0% deals on food and housing in Canada.
 
I'm hoping the same becomes available in my country some day but realistically I know it never will. Same as them having an Apple store here...
 
Waiting for an eMail that says PayBright has updated their servers. Wonder what OS s they are using and why they did not install the upgrades before today. Dumb.
 
TomMcIn said:
Waiting for an eMail that says PayBright has updated their servers. Wonder what OS s they are using and why they did not install the upgrades before today. Dumb.
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It’s a server, so Linux.

Also upgrading your infrastructure for a singular surge event is a colossal waste of money.
 
pi=e=3 said:
It’s a server, so Linux.

Also upgrading your infrastructure for a singular surge event is a colossal waste of money.
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It’s not like they are using on-prem servers, if only there was something like k8s where you could both scale up for an anticipated surge and continue to adjust based on volume throughout the day…
 
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MacRumors said:
For example, customers with approved credit can now pay for the iPhone 13 Pro with 128GB of storage for 24 equal monthly payments of $58.29, with zero interest applied over those two years.
Click to expand...
I love the 24 month free financing option for the iPhone, but why not for Macs as well?

Macs are only 12 months with the Apple Card in the US.
 
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