iPad mini How to buy iPhone 5 and sell it to use money and plan for iPad Mini

Discussion in 'iPad' started by Gaidin43, Mar 1, 2013.

  1. Gaidin43 macrumors regular

    Joined:
    Sep 18, 2012
    #1
    So I saw this idea on this site and trying to figure out how it will work.

    Buy iPhone 5 for $199
    Sell iPhone 5 for $600 ish
    Buy iPad mini for $459
    Total cost out if pocket $59

    Now comes the plan and how to set it up.

    Mobile sharing plan for X data. And iPhone is $40 a month yet tablets are $10 a month.

    If you buy the iPhone 5 for the sub price and then sell it but keep its commitment how do you change the $40 a month to $10 without getting hit by a early termination fee?
     
  2. AppleRobert macrumors 603

    Joined:
    Nov 12, 2012
    #2
    Afaik, it is only $10 a month for a tablet as an add on to your current contract with a smartphone only. I doubt you can get around it unless an error is made on the provider's end.
     
  3. poloponies macrumors 68030

    Joined:
    May 3, 2010
    #3
    What idiot posted that? The $199 price is only applicable when you enter into a 2-year contract. That means you need to purchase a voice/data plan for 24 months. Nobody is selling you a $650 device for $200 without expecting to make up the difference (and much more). Somebody has questionable math skills.
     
  4. Gaidin43 thread starter macrumors regular

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    Sep 18, 2012
    #4
    You keep the sim from the iPhone 5 put it in the mini and pay for two years of service while using mini
     
  5. AppleRobert macrumors 603

    Joined:
    Nov 12, 2012
    #5
    And what is the cost of the Mini?
     
  6. shortcrust macrumors 6502

    Joined:
    Aug 7, 2008
    #6
    Many, if not all, providers will stop you from using an iPhone sim in an Ipad and contracts that involve a discounted phone are overpriced to subsidise the discount. They always get their money back in the end. Surely it's cheaper in the long term to just buy the iPad and a good value iPad data contract?
     
  7. poloponies macrumors 68030

    Joined:
    May 3, 2010
    #7
    Buy iPhone 5 for $199
    Sell iPhone 5 for $600 ish
    Buy iPad mini for $459
    Pay $89 monthly (x24 months) for iPhone contract = $2136

    Total cost out of pocket $2,194
     
  8. Luis2004 macrumors 6502a

    Joined:
    Dec 30, 2012
    #8
    On Verizon you could downgrade the new line to a basic phone line, if you have a basic phone lying around. Then you're paying $10 a month. But that's still a payout of $240, so you're still losing money in the end.
     
  9. Gaidin43, Mar 1, 2013
    Last edited: Mar 1, 2013

    Gaidin43 thread starter macrumors regular

    Joined:
    Sep 18, 2012
    #9
    Let me explain this a little bit better.

    The iPhone plan is attached to a media share plan or family plan. If family plan you pay 10 a month for a new line and if media share it's 40 a month for two or more smart phone and 10 a month for tablets on shared data.

    Example
    6 gb shared data 90 a month
    iPhone 5 $40 a month
    iPhone 5 $40 a month

    This plan would have unlimited text and unlimited anytime calling minutes. The data pool will be shared. If I bought a third iPhone for this plan and sold it it would be $40 a month but if I'm able to reduce the $40 a month on the same two year contract and pay $10 a month for the tablet is what I'm trying to do.

    By doing this you basically get a
    iPad mini for $59 plus 2 years of service for either $960 (at $40 a month) or $240 (at $10 a month)

    I am not breaking the contract on that SIM card I just want to pay less for it!
     
  10. simply stunning macrumors regular

    Joined:
    Oct 26, 2010
    #10
    I don't think this will work. The problem is that when you are signing that contract under these terms, you wont be able to switch to a tablet data plan. Your signing up for that $40 a month. You could switch phones during that time, but not "downgrade" the Iphone plan to a tablet plan.

    I may be wrong, and it is a loop hole that you can get away with, but I would be very surprised if they classify a plan like that and allow you to move the sim from the phone to the ipad. I would guess it is covered somewhere in the fine print.
     
  11. Gaidin43 thread starter macrumors regular

    Joined:
    Sep 18, 2012
    #11
    You can do this. People have done in the past I'm just trying to figure out the exact mechanic. It seems that if you order in iPhone five from the AT&T website they send it to you you old in a box. You sell iPhone five and use the profits to buy an iPad mini pulling out two $59 out-of-pocket.

    When you call AT&T you give them the iPad mini serial number to activate. This in their system automatically replaces the $40 with the $10 a month. I am just making sure that I am doing it with you that process and the correct process
     
  12. Jesla macrumors 6502

    Jesla

    Joined:
    Jan 7, 2013
    Location:
    Tennessee USA
    #12
    Does the Mini even have a sim slot?
    I know the new AT&T iPads wifi/cellular 4G's don't.
     
  13. ramram55 macrumors 6502

    Joined:
    Jul 27, 2012
    #13
    mini has sim slot, new ipads 3rd and 4th generation do have it. Cellular model has slim slot, period.
     
  14. MarkG21, Mar 1, 2013
    Last edited: Mar 1, 2013

    MarkG21 macrumors regular

    Joined:
    Mar 21, 2010
    #14
    Why jump through all the hoops for something that probably wont work. And if it does work... for what a few pennies?


    Also, don't forget about tax unless your in a non tax state. Some states like California taxes full msrp on phones. So that is an extra $18 to $60 in tax. Tax on the ipad too for approx $40-45.

    Activation fees for AT&T too. $36 for the phone and $36 for the mini.
     
  15. poloponies macrumors 68030

    Joined:
    May 3, 2010
    #15
    Because AT&T has no idea what they're doing and will simply deactivate a phone plan with media in favor of a $10 charge? Just because some people claim to have gotten away with it guarantees nothing. You will still enter into a 2-year contract and if the planets don't fall into alignment, it will not work out in your favor.
     
  16. tkmcguire1 macrumors 6502

    tkmcguire1

    Joined:
    Dec 11, 2009
    Location:
    Oklahoma
    #16
    I am on a VERIZON share plan and yes this will work as I have done it.
    Get the iPhone 5,then sell it,then get the VERIZON mini and activate it on that line,it is that simple
     
  17. JakeT85 macrumors regular

    JakeT85

    Joined:
    Jan 19, 2012
    #17
    Yeah I was thinking about this too, by the time everything is paid that they nickel nad dime you on, you may end up 100 bucks ahead.......is it really even worth the hassle? Another thing to consider OP is with the iPhone 5 it will have to be opened and the sim in the iPhone taken out (if it is shipped in phone, I think mine was) because that is the line that your account is tied to, so don't forget to do that.
     
  18. KeepCalmPeople macrumors 65816

    KeepCalmPeople

    Joined:
    Sep 5, 2012
    Location:
    San Francisco Bay Area, California
    #18
    In order to avoid being left with an iPhone contract you don't want, you need to setup the iPad mini and make sure it works with the iPhone 5 SIM before you even sell the iPhone 5. Then if it doesn't work, you can put the SIM back in the iPhone 5, return the iPhone 5, and then return the iPad mini.

    Or you could stop being a cheapskate. None of these products are cheap to buy or connect to the Internet with. Pay up so the rest of us don't have to cover the costs you are trying to avoid.
     
  19. Giuly, Mar 1, 2013
    Last edited: Mar 1, 2013

    Giuly macrumors 68040

    Giuly

    #19
    Try to find some reseller that gives you a iPad Mini for free when you're entering a 2-year contract. I've never looked for that in the US, but in Europe they have those deals from third-party resellers and you can even take the SIM only and a $500 payment on $50/mo plans. Kinda rip off, but that's what you're going for anyways.
     
  20. shortcrust macrumors 6502

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    Aug 7, 2008
    #20
    Hmmmm.:rolleyes:
     
  21. Gaidin43 thread starter macrumors regular

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    Sep 18, 2012
    #21
    IVe found out you don't need the sim from the original iphone that is shipped to you.

    And no I'm not trying to scam anything. It is all legal if a bit convoluted and I'm taking the risk, but that is the at of things I might make out I might not but yea for the couple hundred I would save it would be worth it.

    Plus I never pay activation fees. It is a money maker for att. You can tell them to take it off and they will. 4 iPhone 5s and they took it all off for all of them.
     
  22. macingman macrumors 68020

    macingman

    Joined:
    Jan 2, 2011
    #22
    Instead of paying for just data you would be forced to pay for calls/text which you don't need for the iPad. Trust me, the companies work all this out before bringing products to market.
     

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