iPhone 11 Iphone upgrade programme v 24 month interest free

Mac2019

macrumors 6502
Original poster
Feb 12, 2016
385
138
Other than AppleCare+ and ability to upgrade after 11 payments, are there any other key benefits of using the iup instead of the interest free 24 months interest free payments option?

Looking at two options:
IUP:
Iphone 11 128gb £928 (£42.95/month + £69 up front)
Iphone 11 pro max 256gb £1,498 (£71.45/month + £69 up front)

24 month interest free:
Iphone 11 128gb £787.76 (£31.99/month + £20 up front)
Iphone 11 pro max 256gb £1,315.76 (£53.99/month + £20 up front)

So the iup is £140.24 more expensive for the iphone 11 and £182.24 for the pro max. Is it fair to say that that premium is essentially for AppleCare+?
 
Last edited:

MisterSavage

macrumors 68000
Nov 10, 2018
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I think that's right. In the USA the price if you bought the phone in full with Applecare is the same as what you pay if you total up all of the IUP payments. There is zero interest charged.
 

Brian Y

macrumors 68040
Oct 21, 2012
3,561
697
Pretty much, yes. AppleCare is £149/199, so you're paying extra for AppleCare.

You have your numbers slightly wrong somewhere. The cost of the 24 months interest free + AppleCare will be the same as the iUP. Your final payment will be adjusted to make sure the amount is the same, as it's 0%.

E.g.

iPhone 11 Pro Max 256GB:

Outright: £1299 + £199 (AC) = £1498
iUP: £71.45 * 20 + £69 = 1498
24 Mo: £20 + 53.99*23 + £37.23 (Final Payment) + £199 (AC) = £1498

Basically, if you take AppleCare, there is 0 difference in what you end up paying whichever route you take.
 

Mac2019

macrumors 6502
Original poster
Feb 12, 2016
385
138
Pretty much, yes. AppleCare is £149/199, so you're paying extra for AppleCare.

You have your numbers slightly wrong somewhere. The cost of the 24 months interest free + AppleCare will be the same as the iUP. Your final payment will be adjusted to make sure the amount is the same, as it's 0%.

E.g.

iPhone 11 Pro Max 256GB:

Outright: £1299 + £199 (AC) = £1498
iUP: £71.45 * 20 + £69 = 1498
24 Mo: £20 + 53.99*23 + £37.23 (Final Payment) + £199 (AC) = £1498

Basically, if you take AppleCare, there is 0 difference in what you end up paying whichever route you take.
Ah ok, I just took the numbers from the website and didn't see a note about the final payment being adjusted.

I guess the key consideration is the fact that AppleCare is compulsory on the iup whereas I can choose not to have it on the 24 month plan hence the saving. So the choice is between saving £182.24 (pro max) and being tied to 24 months and no upgrade v paying slightly more but having AC and the early upgrade option.
- - Post merged: - -

I’m on the iPhone Payments (24 months interest-free) plan here in the UK. I pay £36 a month for my 11 Pro. Good deal for me as I usually upgrade every 2 years anyway.
Similar to me, although I've been 3 years of late. Just over a year on my xr but have been prompted to possibly upgrade as my wife needs a new phone and doesn't want to pay much so I may be kind and give her my xr. Upgrade now would mean 11 pro max until 2022 which in effect would mean missing the 2020 release and getting whatever the next one is released in Sept 2021. Or do we both hold out until September when I pass on my xr and get the 12 (or whatever it is called)?!

In my head I know it is a waste of money yet I am still considering it!
 
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MisterSavage

macrumors 68000
Nov 10, 2018
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In my head I know it is a waste of money yet I am still considering it!
No judgement here. I'm on the iPhone Upgrade program and I love it. BTW, you can upgrade after as little as 6 months but you have to pay extra to do it.
 

tripleburst

macrumors regular
Sep 19, 2018
161
144
Basically, if you plan on upgrading after a year (or the freedom to make that choice), get the IUP, if you plan on keeping it for 2 years or more and don't want Apple care, get Apple Payments.
 

Mac2019

macrumors 6502
Original poster
Feb 12, 2016
385
138
Basically, if you plan on upgrading after a year (or the freedom to make that choice), get the IUP, if you plan on keeping it for 2 years or more and don't want Apple care, get Apple Payments.
Feels like Apple payments is for me as I really don't need to upgrade year on year and have never had the need for AC+ so unsure it is really worth the extra.
 

MisterSavage

macrumors 68000
Nov 10, 2018
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Feels like Apple payments is for me as I really don't need to upgrade year on year and have never had the need for AC+ so unsure it is really worth the extra.
That sounds logical. I always bought AC and upgraded every year so IUP was a perfect fit for me. I do love that the IUP gives you the freedom to NOT upgrade if the next phone doesn't appeal to you. Two years later and you own the phone you were making payments for.