How much money you actually safe by upgrading every second year instead of every year

Discussion in 'iPhone' started by Burstl, Sep 14, 2017.

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  1. Burstl macrumors member

    Burstl

    Joined:
    May 3, 2011
    #1
    Hi guys,

    If you ever wanted to know how much money you actually save when upgrading every second year instead of every year, checkout this video.

     
  2. cnotes2019 Suspended

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    Aug 17, 2013
  3. MattXDA macrumors 6502

    MattXDA

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    UK
    #3
    As already knew, not much at all is saved by not upgrading ever year. The depreciation is too high to not upgrade
     
  4. bufffilm, Sep 14, 2017
    Last edited: Sep 14, 2017

    bufffilm Suspended

    bufffilm

    Joined:
    May 3, 2011
    #4
    It's one way to look at it.

    But here's another: buy a phone, keep it for 3-4 years, then buy another and keep the old phone as backup (or sell it if you want).

    Which scenario involves the least money spent per year? Extrapolate it over a 8 year period (like in the video).

    Eye-opening, right?

    People spend too much money on phones!
     
  5. Nik macrumors 6502a

    Joined:
    Jun 3, 2007
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    Germany
    #5
    And you are always covered by warranty by upgrading every year.

    You know what the easierst argument is for upgrading every year? Telling yourself that you dont smoke and therefore saved a lot of money anyway. This way you can always find it in yourself to buy the new stuff even though you dont need it. #irony
     
  6. rui no onna macrumors 603

    rui no onna

    Joined:
    Oct 25, 2013
    #6
    So anyone here actually living to 100+ years old for that $19,800 in savings? :p
    --- Post Merged, Sep 14, 2017 ---
    Or you know, just buying a less expensive phone to begin with and keeping it until it dies. :)
     
  7. todd.kilby.7 macrumors newbie

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    Apr 18, 2017
    #7
    I'm on the AT&T next program. I was ready to upgrade from my 7plus to a 8plus for an extra $4 a month. Then I found out they would take away a $30 a month rebate I got for signing up for the next program a year ago. So if I upgrade I'll actually end up paying $34 more a month.
     
  8. rui no onna macrumors 603

    rui no onna

    Joined:
    Oct 25, 2013
    #8
    That's fine. Funds permitting, I think people should be allowed to enjoy themselves. If gadgets give them joy, then great. I keep cars for 15+ years and brown bag lunches so I have spending money on books, comics and tech. And really, better tech than cigarettes.

    I prefer to focus funds on the iPad rather than the iPhone, though. The iPad is my most used device.
     
  9. eyoungren macrumors Core

    eyoungren

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    #9
    Well, I saved a ton of money this year by passing on my five year old iPhone 5 to my son. :)

    We don't upgrade every year (every 2 to 3.5 years) and we don't sell our phones. We keep them until they die or find someone in need of a phone.

    Usually works out to save the person who needs a phone a lot of money - and we still get years of use out of it.
     
  10. bufffilm Suspended

    bufffilm

    Joined:
    May 3, 2011
    #10
    I don't know when people started to assign a yearly expense for their phones.

    These $$$-saved videos are a laff.
     
  11. rui no onna macrumors 603

    rui no onna

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    Oct 25, 2013
    #11
    Tech is a hobby of mine so I actually do have a pretty generous annual technology budget (gets spent on iPads for the most part). That said, I do have it mixed somewhat with other entertainment expenses so if there's an expensive vacation coming up, bye-bye tech.
     
  12. missbing macrumors 6502

    missbing

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    Sep 27, 2015
    #12
    I'm usually able to get at least $400 (not $200) after having a phone for 2 years, upgrading every other year is a lot bigger savings then what the video indicates.
     
  13. comptr macrumors 68000

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    Oct 25, 2007
    Location:
    Arizona
    #13
    If one wanted to save the most money they would own a phone for 23 months and sell it 1 month before the new one comes out if they bought on launch day and they could recover a reasonable amount of money or trade the phone in to the carrier if the carrier has trade in deals. You could get a reasonable amount of money back if you upgraded every year. It all depends on how much the carriers trade in deals are and how much you can make selling it your self.
     
  14. Apple-of-my-eye macrumors regular

    Apple-of-my-eye

    Joined:
    Sep 18, 2014
    #14
    We've always been able to upgrade with a 2 year contract. I did fall into leasing one time, went from a 6+ to a 6S, Sprint had a promotion if you traded any working smart phone for discounted rate (traded an old Palm Pre). Even with the discounted rate, I said I'd rather do 2 year contracts.

    Sprint brought back 2 year contract last year when the iPhone 7 came out, our son got his for $300. This year, on Apple's site, looks like you can get a X starting at $549 with a 2 year contract. To lease, it's $50/month... so after leasing for 12 months, it's already going to cost $50 more than the 2 year contract. I don't mind keeping a phone for 2 years, so with the $549 rate, it's like costing $225/year instead of $600/year to lease... and after the 2 years, I'll be able to keep the phone.

    Granted, this works due to the 2 year contract rate, which most carriers don't do, and looks like you have to go through Apple to get the 2 year contract through Sprint, rather than Sprint's site..... but financially, for me, being able to take advantage of the 2 year contracts, makes much more sense than upgrading every year!!
     
  15. JoeyD74 macrumors 6502

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    Oct 31, 2014
    #15
    I buy a new phone every year and then pass the old phone down through my house, we have 5 phones. We get three to four years out of a phone
     
  16. bigjnyc macrumors 603

    bigjnyc

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    Apr 10, 2008
    #16
    And I’m able to get at least $600 (not $400) selling every year so it’s not that big of savings just like the video shows
     
  17. missbing macrumors 6502

    missbing

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    Sep 27, 2015
    #17
    So I just did my own mockup based on more realistic prices and the savings isn't that much in any of the 3 scenarios I put together. Maybe you'll save a lot more upgrading every 3 years. I normally upgrade every 2 years, but I think I may switch to every year based on this. I'll have to think about it.


    This is based on selling at about launch.
    image001.png

    This is based on selling in the second year a month or 2 before the new phone is released.
    IMG_4031.PNG

    This is just if demand is lower in the second year.
    IMG_4032.PNG
     
  18. KittyKatta macrumors 6502a

    KittyKatta

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    Feb 24, 2011
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    SoCal
    #18
    One thing you can’t ignore is “The Tim Cook Factor”

    2014
    $749 iPhone 6+ 64GB

    2015
    $799 iPhone 6S+ 64GB

    2016
    $869 iPhone 7+ 128GB

    2017
    $899 iPhone 8+ 256GB
    $1149 iPhone X 256GB


    At the beginning of the keynote they played Jobs beautiful words about contributing to the world with your art. And then Cook comes up and throws in a price hike to make that art even more beautiful. I know I buy every year so I’m part of the problem but seriously... you can let a little bit of air out of those profit balloons cant you?

    :D
     
  19. Burstl thread starter macrumors member

    Burstl

    Joined:
    May 3, 2011
    #19
    @missbing

    thats why i made a general formula at the end of the video. there you can choose any resell values you want and you will see how the savings change accordingly.
     
  20. Ironman1964 macrumors regular

    Ironman1964

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    Sep 13, 2014
    #20
    I have been in the next program for a couple of upgrades and have never had this happen. Was that a special promotion to get you to sign up?
     
  21. rui no onna, Sep 14, 2017
    Last edited: Sep 14, 2017

    rui no onna macrumors 603

    rui no onna

    Joined:
    Oct 25, 2013
    #21
    Carriers were giving $650 credit (over the span of 24 or 30 months, although you'd be stupid to choose 30) if you upgrade to the 7/7+ after trade in of (fully paid off) 6/6+ or newer. Pretty much free upgrade.
     
  22. BB8 macrumors regular

    BB8

    Joined:
    Jan 26, 2016
    #22
    If you upgrade every year, why wouldn't you go on the upgrade program?

    Something I am struggling to decide right now is how I want to buy the iPhone X. I am not entirely happy with the X as it is now and worry that I may want a new phone sooner than anticipated. Not sure if I should just go upgrade program.
     
  23. s.hasan546 macrumors 6502

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    Feb 26, 2011
    Location:
    NY
    #23
    everyone has their vices. i don't mind buying 2 new phones every year (iPhone personal & android work phone)
     
  24. missbing macrumors 6502

    missbing

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    Sep 27, 2015
    #24
    Didn't see that.:)
     

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23 September 14, 2017