Did you actually do the math?I believe this is how it works:
Pay $32/month for 16gb iPhone 6s, trade it in to Apple when the iPhone 7 is released, then continue to pay $32/month for the base iPhone 7.
So you perpetually pay $32/month (or more for a better model) to Apple for the ability to annually upgrade.
I quite like this compared to the carrier's new model. Not a terrible deal at all frankly.
Even if you account for that it seems like this is not interest free like the plans from the carriers? Apple Care + is $99 now for the 6S and the phone is $749 (for a 64gb AT&T - perhaps unlocked are more?). That is $848 vs $877.92 for the installment plan from Apple.
Right now I just sell my old phone each year and pay an early upgrade fee to AT&T which makes the net cost each year about $250 but I am constantly locked in a 2 year contract.
It might be a good option but I need to research it some more.
It say on the Apple website that "The iPhone Upgrade Program is financed through Citizens One Personal Loans-Subject to eligibility"......so it might be a credit only program.
Did you actually do the math?
$32/mo for 12 months is $384. The 6S 16GB is $549 brand new. Add in $99 for AppleCare+ and the difference is $264. Do you think a 12 month old iPhone is only worth $264? You could sell it for a lot more yourself.
The reservation is only for people doing the Upgrade program with apple I believe, you are required to go into the store for a credit check! if you're buying through a carrier or buying outright you can have it delivered then.
If I go to the store and there is no stock I'm just gonna tell Apple they lost a customer and wait for the 7 because if this is the case it is kinda ridiculousThat is the interesting part. By time people get to the appointment to do the upgrade plan the iPhone will be 8 weeks out for delivery. People had this experience with the apple watch. They thought reservations to try on the watch and buy would be a separate stock. It was not.
If I go to the store and there is no stock I'm just gonna tell Apple they lost a customer and wait for the 7 because if this is the case it is kinda ridiculous
People are missing an important piece. You cannot do next, edge, or whatever with prepaid plans. This is made for people on prepaid plans.
I can keep my $45 att plan and just pay apple for the phone monthly. $80 out the door and I will have a new iPhone always and service.
I don't think that is even possible at that price from a carrier.
People are missing an important piece. You cannot do next, edge, or whatever with prepaid plans. This is made for people on prepaid plans.
I can keep my $45 att plan and just pay apple for the phone monthly. $80 out the door and I will have a new iPhone always and service.
I don't think that is even possible at that price from a carrier.
People are missing an important piece. You cannot do next, edge, or whatever with prepaid plans. This is made for people on prepaid plans.
I can keep my $45 att plan and just pay apple for the phone monthly. $80 out the door and I will have a new iPhone always and service.
I don't think that is even possible at that price from a carrier.
My understanding is you make the reservation to come into the store to apply for the Apple financing. I don't think you will walk out with a phone. But you will still need to preorder it. So they will be out of stock by then and shipping times will be 6 to 8 weeks out by then.If I go to the store and there is no stock I'm just gonna tell Apple they lost a customer and wait for the 7 because if this is the case it is kinda ridiculous