Hello -
First my apologies, I know I have seen this issue dealt with on these forums but search was not helping me find my answer.
I just upgraded my X to an XS Max (iPhone Upgrade Program). My wife and I are thinking about keeping the old X instead of upgrading here to the XR or even the XS since we are halfway through payments and can avoid a tax payment and upgrade fee.
Now I understand that if I do not return the device, the installment loan continues on the X. In addition, I will have the new loan active on the XS Max. I am wondering if anyone has done this and if the following is true:
1) the upgraded phone loan will continue as monthly payments, in other words the full balance will not be due immediately; and,
2) not returning the device does not impact my ability to use the upgrade option on the XS Max when next September rolls around.
Thank you in advance for your help.
First my apologies, I know I have seen this issue dealt with on these forums but search was not helping me find my answer.
I just upgraded my X to an XS Max (iPhone Upgrade Program). My wife and I are thinking about keeping the old X instead of upgrading here to the XR or even the XS since we are halfway through payments and can avoid a tax payment and upgrade fee.
Now I understand that if I do not return the device, the installment loan continues on the X. In addition, I will have the new loan active on the XS Max. I am wondering if anyone has done this and if the following is true:
1) the upgraded phone loan will continue as monthly payments, in other words the full balance will not be due immediately; and,
2) not returning the device does not impact my ability to use the upgrade option on the XS Max when next September rolls around.
Thank you in advance for your help.