iPhone Upgrade Program

Discussion in 'iPhone' started by max2, Feb 9, 2016.

  1. max2 macrumors 68000

    Joined:
    May 31, 2015
    #1
    Do you get to keep your current iPhone when you upgrade to a new iPhone every year with the iPhone Upgrade Program?
     
  2. MacDawg macrumors P6

    MacDawg

    Joined:
    Mar 20, 2004
    Location:
    "Between the Hedges"
    #2
    Nope, it goes back to Apple and you start your contract over
    It is a 2 year running contract that restarts every year
     
  3. aristobrat macrumors G4

    Joined:
    Oct 14, 2005
    #3
    Only if you've paid it off.

    The Apple program divides the price of the phone into 24 monthly payments.

    If you want to upgrade at the one year mark, unless you finish paying off the other 12 payments, you turn in the phone if you want to upgrade.

    You do not have to upgrade at the year mark, though. You can keep the phone and finish out the payments and keep it forever.
     
  4. dark_knight177 macrumors regular

    dark_knight177

    Joined:
    Aug 22, 2010
    #4
    By the way, you will get a hard credit inquiry on your credit report every year you upgrade. Totally not worth it to trash your credit report because of some cell phone. Just buy it outright, if you can't, well then you can't afford an iPhone.
     
  5. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #5
    Where does that information come from?
     
  6. AustinIllini macrumors demi-god

    AustinIllini

    Joined:
    Oct 20, 2011
    Location:
    Austin, USA
    #6
    That's actually terrible. Too bad. Credit score makes the world go round.
     
  7. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #7
    Good info posted above but you will NOT trash your credit report or mess up your credit history by getting an iphone via the above program.
    If a single credit inquiry for a cellphone purchase messes up your report or causes you not to get approved by any other loan or lending application then you have many other problems with your credit history prior to that.
     

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