Usually every 2 years. I'll give the wife my old model although this time around I'm not buying another iPhone until they make significant changes to battery life
Just because you are paying smaller payments over a longer period of time doesn't mean you are not spending the money.
If you do the math you're spending the same amount of money as a person who upgrades every two years. It's only if you decide to keep your phone beyond two years that you're not spending the money.
And how does that math work out? Financing does not change the fact that you are spending twice the amount of money per two years as a person who only upgrades once per two years.
Year 1-2: Subsidy person pays $399 upfront for 64GB iPhone 6+, pays $100/mo for 24 months for his plan. Upgrades after 2 years for $399 to iPhone 7. Sells iPhone 6 Plus for $300
Total 2 year cost of ownership: ~$3200 - $300 for sale = $2900
Year 1: Financing person pays $99 upfront for 64GB iPhone 6+, pays $80/mo for his bill for 12 months plus $30/mo for financing, sells iPhone 6 Plus for $500 at 1 year mark to cover remaining balance on device
Year 2: Pays $99 upfront for iPhone 6S Plus 64GB, $80/mo for service plus $30/mo for financing. At time of upgrading to iPhone 7 sells 6S Plus for $500 to cover remaining balance and puts $99 down on iPhone 7 Plus.
Total 2 year cost of ownership: ~$2840
No reason not to upgrade. I'll be upgrading every year easily from here on out. Well I already upgraded every year anyway but now with the carrier financing I no longer have to front $800 every year to do it.
I buy each model as soon as they open up the pre-order option
I seem to have been doing the same ever since the 3GS. Except the 5. That I bought in AT&T store on release day (it was my day off). Needed to make changes to the plan so figured might as well do everything in one go.I buy each model as soon as they open up the pre-order option
I seem to have been doing the same ever since the 3GS. Except the 5. That I bought in AT&T store on release day (it was my day off). Needed to make changes to the plan so figured might as well do everything in one go.
I was actually hoping to keep the 6 for longer alas I only got the 64GB model instead of 128GB and now I'm regretting that decision. Will likely upgrade when the new model is released for the larger storage capacity.