iPhone upgrade program or buy outright?

samkim4415

macrumors member
Original poster
Oct 12, 2016
44
4
Just wanted to get some feedback.

I purchased my iPhone 7 plus a week ago so I can always return/exchange the phone at the Apple Store.

Is it worth doing the IUP right now with about 5-6 months away from the speculative release of the new iPhone?

I plan on getting the new whenever it comes out in Sep Oct Nov...

Should I buy it outright and sell it when the new phone comes out?

OR

Start the IUP now and pay 12 monthly payments by November (6 months away)?
 

Relentless Power

macrumors Nehalem
Jul 12, 2016
33,473
34,567
Personally, I would purchase it out right and use the iPhone as long as you can until you receive your new iPhone, then sell your device and recuperate any money. Also, when the new iPhone launches, the market will be saturated with iPhone 7 models, which if you comparably priced it, you could sell it fairly quickly. And carriers have traded incentives if you decide to go that route with the iPhone 8.
 
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samkim4415

macrumors member
Original poster
Oct 12, 2016
44
4
Thanks for your responses.

What are your thoughts on AppleCare through the IUP? If I do IUP, I will only be paying half of AppleCare while I buy outright (not that I have to get it but if I do) then I will be paying the full AppleCare...and I don't plan on keeping the phone for 2 years
 

AmazingTechGeek

macrumors 6502
Mar 6, 2015
498
114
Thanks for your responses.

What are your thoughts on AppleCare through the IUP? If I do IUP, I will only be paying half of AppleCare while I buy outright (not that I have to get it but if I do) then I will be paying the full AppleCare...and I don't plan on keeping the phone for 2 years
If you're not keeping the phone that long than buy it outright, then sell it when you get your new phone.
 

DevinNj

macrumors 65816
Apr 27, 2016
1,339
1,031
New Jersey
I wouldn't do payments and pay half retail price + AppleCare on a phone you're only going to use for 5-6 mos. I'd buy it outright or even return it and buy a cheaper used phone from Swappa until the new iPhone is released.
 

bufffilm

Suspended
May 3, 2011
4,227
2,536
Just wanted to get some feedback.

I purchased my iPhone 7 plus a week ago so I can always return/exchange the phone at the Apple Store.

Is it worth doing the IUP right now with about 5-6 months away from the speculative release of the new iPhone?

I plan on getting the new whenever it comes out in Sep Oct Nov...

Should I buy it outright and sell it when the new phone comes out?

OR

Start the IUP now and pay 12 monthly payments by November (6 months away)?
Generally, you get the most money back when buying the phone outright and reselling it on your own later.

But some people don't want to be bothered with that last step...hence a large part why IUP plans are offered.

So the choice is relatively simple: buy and resell will net you the most money back. Of pay a bit more, and just surrender the phone when the new phone hits the ground.
 

samkim4415

macrumors member
Original poster
Oct 12, 2016
44
4
Generally, you get the most money back when buying the phone outright and reselling it on your own later.

But some people don't want to be bothered with that last step...hence a large part why IUP plans are offered.

So the choice is relatively simple: buy and resell will net you the most money back. Of pay a bit more, and just surrender the phone when the new phone hits the ground.

So I bought my 7+ Matte black 128GB full price and plus tax and plus AppleCare, it came out to a total of $1076. If I were to sell it now or even 5-6 months later....do you think I can sell it more than $538?
 

KnightMagic

macrumors newbie
Feb 15, 2017
26
63
It also ties you in with the iPhone, makes switching (if you are so inclined) to other devices more difficult than if you were to just buy the phone outright.

Just another thing worth considering.
 

bufffilm

Suspended
May 3, 2011
4,227
2,536
So I bought my 7+ Matte black 128GB full price and plus tax and plus AppleCare, it came out to a total of $1076. If I were to sell it now or even 5-6 months later....do you think I can sell it more than $538?
I'll let more up-to-date people on resale prices comment on what it may sell for ultimately, but I don't see why not.

I think even $600 minimum will
be an easy sell...put it in a case (even better if you add a screen protector on it also) and you maximize the potential resale later. The closer you keep it to mint condition to better of course.

If you are non-US, probably fetch a little more too.

Just stay far away from eBay when you are ready to sell.
 
Last edited:

democracyrules

Suspended
Nov 18, 2016
997
608
Personally, I would purchase it out right and use the iPhone as long as you can until you receive your new iPhone, then sell your device and recuperate any money. Also, when the new iPhone launches, the market will be saturated with iPhone 7 models, which if you comparably priced it, you could sell it fairly quickly. And carriers have traded incentives if you decide to go that route with the iPhone 8.
Completely agree with the above commen like I usually do. It is the smartest way to do.
 

uscgrad

macrumors member
Feb 9, 2017
40
15
One of the best things about Apple is their products retain so much of their value and you obviously won't have any issues finding a buyer. The upgrade program doesn't work out to be good value anyway if you crunch the numbers.
 

Reno Raines

macrumors 65816
Jul 19, 2015
1,322
599
So I bought my 7+ Matte black 128GB full price and plus tax and plus AppleCare, it came out to a total of $1076. If I were to sell it now or even 5-6 months later....do you think I can sell it more than $538?

If you got it through apple then it should be unlocked and that has always helped me when reselling mine. Even my 7 on t mobile seems worth more, albeit less, as it can only work on t mobile and at&t. I would imagine memory size and condition always play a huge part in resale value too.
 
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