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iPhone Upgrade Program [MERGED]
- Thread starter kybldmstr
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Am I calculating this incorrectly? If I purchase a 6+ 128 GB from Apple it costs roughly 1149 with Applecare. If I sell it after a year netting $450 ($50 from Applecare) my net cost for the year is $700. The iPhone upgrade program would cost for the same period 44.91*12 which is 538.92. So over a period of 10 years the outright purchase price is $6990, whereas the upgrade program is $5389 - I save over $1600.
I realize that my sell price figure is a bit low but:
1) Selling on eBay - I just don't want the hassle. Even of shipping it somewhere else. Just walking into the Apple store and picking up the phone seems very attractive.
2) ebay and paypal fees are high
3) I will get a Sprint/Verzion phone as I use it overseas and it has CDMA. But AT&T is now rolling out LTE band 30 so the AT&T/T-Mobile phone may be a bit better for most folks in the U.S. as it will have the greatest bandwidth capacity.
Am I missing anything?
I realize that my sell price figure is a bit low but:
1) Selling on eBay - I just don't want the hassle. Even of shipping it somewhere else. Just walking into the Apple store and picking up the phone seems very attractive.
2) ebay and paypal fees are high
3) I will get a Sprint/Verzion phone as I use it overseas and it has CDMA. But AT&T is now rolling out LTE band 30 so the AT&T/T-Mobile phone may be a bit better for most folks in the U.S. as it will have the greatest bandwidth capacity.
Am I missing anything?
You have to realize on that 128GB 6+ Apple will make $539 from you and net over $600 selling it.
Over two years Apple nets roughly $2300 vs $1900. AppleCare is irrelevant IMO since you would never be out of the one-year warranty period.
Accidental damage coverage.
That's great and all, but AppleCare+ is $129 mainly because it extends warranty for a year. I'd value the warranty included in the program at $64 rather than $129 for that reason.
Since the phone is contract-free, I'm assuming we won't need to involve our carrier account to purchase? Normally they require my dad to purchase with me since he's the account manager, but I'm hoping for this program that is all unnecessary. (To buy the 6 full price on Verizon they required a Verizon account.)
While I appreciate you opinion it is still subjective. I would bet that accident replacement exceeds warranty replacement by a wide margin by Apple Care users. People are always dropping their iPhone in the toilet or on pavement. Cracked screens and water damage happen all the time. Another way to look at it is if you trade in 12 months you will have only paid $65 for Apple Care.
In #3 : How do you know that t-mo phone is GSM, not CDMA version? There is a strong rumor it will be CDMA , so people can leave t-mo in case they don't like it.
While I appreciate you opinion it is still subjective. I would bet that accident replacement exceeds warranty replacement by a wide margin by Apple Care users. People are always dropping their iPhone in the toilet or on pavement. Cracked screens and water damage happen all the time. Another way to look at it is if you trade in 12 months you will have only paid $65 for Apple Care.
I've never cracked an iPhone in 8 years of usage but I could certainly see how the freedom of not having to worry about if I did is worth it.
Although I'm more worried about components failing on my iPhone after the warranty is over, frankly.
So how do we preorder under the apple financing program? On the Apple App it only has the option for AT&T Next for me.
You have to make a reservation in a physical Apple Store to use Apple's program.
I think I am the only one that is doing Barclay financing through their card. I buy the phone. Pay the minimum. Sell the phone in a year. Pay the balance off with amount I get next year. Cheaper minimum payments. No interest financing. I know the other way includes AppleCare. But I would rather skip AppleCare and get just the phone.
I think the main draw of Apple's program is that it lets you upgrade at a reasonable cost without having to deal with selling your phone.
In my mind it's only a matter of time before somebody on eBay scams me out of an iPhone. It's as easy as claiming the seller shipped you a paperweight.
Fair enough. This will probably be the last time I buy a phone at full price, and sell the phone next year and get a new one. As others have mentioned. The more ppl begin to fall for the finance options. The less they will want to buy a used phone. Especially if everyone (meaning all carriers) begin doing the yearly upgrade programs as well as Apple.
The yearly upgrade programs are only feasible if people are buying used phones, which they will be from Apple and the carrier's distributors.
I've pretty much decided that I'm going with the iPhone Upgrade program. That way, I can spread the cost of AppleCare+ over 24 months and trade it in after 12 months for a new iPhone. With the other methods, AppleCare+ is paid as a separate charge upfront. By spreading it out over 24 payments and upgrading after 12, I only pay for AppleCare+ for the time that I need it, a savings of around $65.
Because you have the option of *not* paying off your NEXT installment plan. For those who don't pay off the NEXT plan, then your monthly AT&T bill remains the same and then you have an additional bill from Apple/Citizen One for the new iPhone. Of course, you also have *two* iPhones. The one you got via NEXT and the one you got via the iPhone Upgrade Program.
Heres my math, including selling my phone currently (purchased outright 64gb iphone 6) over the next 4 years either with iphone upgrade, or buying full retail (plus AC+ because accidents) and selling. Looks like it would take over 5 years to break even (minus time and effort to sell them).
My question is: Can you buy the iphone upgrade plan outright? I assume no, because to the consumer there is little upside compared to a monthly fee and more difficulty to apple when you turn it in.. although they could just sell the 2nd phone at 1/2 price.
My question is: Can you buy the iphone upgrade plan outright? I assume no, because to the consumer there is little upside compared to a monthly fee and more difficulty to apple when you turn it in.. although they could just sell the 2nd phone at 1/2 price.
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I was told that after 6 months on the iPhone upgrade program, one could pay it off and have the phone outright.
You could pay it off in 2 months, 12 months, 22 months or anytime. Just pay the balance due and it is your iPhone.
I am super confused with this Upgrade program and was hoping someone could shed some light. I have two scenarios to walk through:
1. My phone is currently on the Verizon Edge plan with 60% paid off. I am eligible to Edge Up (grandfathered in before the Device Payment Plan went live). My question is, if I decided to go with the iPUP, what would I be charged on Verizon's end? I currently am paying $32/mo for the phone and $15/mo access. I'm assuming I cannot upgrade to the iPUP until next year, once my device is paid off. At that time, can I just bring my phone on via a SIM swap and still only pay $15/mo access? Or do I have to change plans?
2. I have a relative that had a 5S on a 2-yr contract. They want to get the 6S and are eligible for an upgrade. They would like to do the iPUP, but again, what access fee are they charged by Verizon? Is it going to be $36/mo (64gig) for the iPUP and then $40/mo on top of that for verizon's access fee??
I tried reading through some of this thread but was getting really confused. Any help is appreciated!
I looked at the Barclay card, but I thought that, like other credit cards, the 0 interest deal was only for the first time you buy something not every time you buy an Apple product. Is that not the case?
This is one of the things I was wondering about. If there will be an "upgrade program" option at checkout, since check my eligibility with sprint just says that I am getting offered a 2 year contract price. I intend on signing up for the upgrade program with apple and adding that new phone to my sprint plan then just paying off my leased iPhone 6 once I have my new phone on the plan then selling it to recoup that money. I just wasn't sure if I would be able to pre-order and select the upgrade program option.