iPhone X Financial Prep (Apple Annual Upgrade)

Discussion in 'iPhone' started by LarryJoe33, Oct 17, 2017.

  1. LarryJoe33 macrumors 65832

    LarryJoe33

    Joined:
    Jul 17, 2017
    Location:
    Boston
    #1
    I will order the iPhone X on the 27th. My current iPhone 7 is over eligible for an annual upgrade. I will basically be 14 payments into it on the 27th for a balance of $370. It is conceivable based on demand that I will be 15 payments into it when it arrives for a balance of $330. I am going to select the upgrade existing when ordering, but I am not sure I am actually going to trade it in. I am going to sell it on my own. My question:

    If I select upgrade (vs. a new plan), am I locked/bound to returning it? I believe the new X will just be another interest free loan and I can just pay off the 7?
     
  2. MuGeN PoWeR macrumors 68030

    MuGeN PoWeR

    Joined:
    Jun 29, 2011
    #2
    yes you can pay it off and buy it on your own. I am also thinking of doing this!
     
  3. Perderder macrumors newbie

    Joined:
    Sep 23, 2013
    #3
    With the iPhone 8 they had an upgrade pre-qualification that you could run. It got you through the credit check and financing before the pre-order went live. I am surprised we haven't seen that option for the iPhone X.
     
  4. LarryJoe33 thread starter macrumors 65832

    LarryJoe33

    Joined:
    Jul 17, 2017
    Location:
    Boston
    #4
    I'm waiting for that too. Guessing end of this week.
    --- Post Merged, Oct 17, 2017 ---
    Thanks, I guess I was more worried about checking that box that I am trading up when ordering the X and having the flexibility to not trade it in and pay it off myself. My 7 is mint with box and accessories = >$500 on eBay.
     
  5. vtboyarc macrumors 6502a

    vtboyarc

    Joined:
    Jan 12, 2011
    Location:
    Omaha
    #5
    I hope they bring this pre-approval for existing IUP members to do in the Apple Store app soon! Anxious to lock in the pre-approval.
     
  6. MuGeN PoWeR macrumors 68030

    MuGeN PoWeR

    Joined:
    Jun 29, 2011
    #6
    you can always say no to the trade in and then you will keep on paying/payoff the loan!
     
  7. Jimpilot macrumors 6502a

    Jimpilot

    Joined:
    Sep 11, 2014
    Location:
    DFW, Texas
    #7
    Yes me too. It looks like they sent them out middle of the week of for the 8, so I’m not expecting them until next week. I too will be a lot more comfortable when I have the prequal locked in.
     
  8. ckurt25 macrumors 6502a

    ckurt25

    Joined:
    Mar 25, 2009
    Location:
    Grand Rapids, MI
    #8
    Someone in another thread said they opened up the pre-approval on the Tuesday before pre-orders started, so we have a week.

    EDIT - I checked my email and have one from Apple on 9/13, which was the Wednesday before.
     
  9. nrvna76 macrumors 6502a

    Joined:
    Aug 4, 2010
    #9
    This is exactly where I am at too. I’m hoping my wife will just want my Jet Black 7. Since ordering the phone starts a new loan with citizens one and the trade in closes the old one, I assume by not sending it in you would just end up with both loans.
     
  10. Cayden macrumors 6502a

    Cayden

    Joined:
    Jul 10, 2014
    Location:
    Utah
    #10
    Just don’t send the phone back to them. You can even select that you want to return it when you upgrade but if you don’t return it Apple will simply keep charging you for the phone
     
  11. snow755 macrumors 65816

    snow755

    Joined:
    Sep 12, 2012
    #11
    Do not sell any thing on eBay if your going too sell sell the iPhone on swappa. Trust me you will being saving your self trouble and $
     
  12. LarryJoe33 thread starter macrumors 65832

    LarryJoe33

    Joined:
    Jul 17, 2017
    Location:
    Boston
    #12
    Thanks for the tip. eBay was a friggin nightmare last time around when the 7 came out and selling three 6's. Buyers that bid, win and don't pay or want a return for an issue that wasn't true ("doesn't connect to my wifi"). eBay shows zero loyalty to sellers.
     
  13. snow755 macrumors 65816

    snow755

    Joined:
    Sep 12, 2012
    #13

    Your welcome
     
  14. x-evil-x macrumors 601

    x-evil-x

    Joined:
    Jul 13, 2008
    #14
    At quite a price cut. I’ve sold iPhone 5 and 6+ on eBay was without issues. Besides the 13% cut from fees on eBay and PayPal i still make about 150-200$ more than selling it through those selling apps
     
  15. Kahsheh macrumors regular

    Joined:
    Sep 14, 2016
    #15
    You can keep it and have 2 loans. When I did the store pick from a 8 preorder, my confirmation email says that if I do not bring my old phone for trade in, my payments will continue.
     
  16. michael31986 macrumors 68040

    Joined:
    Jul 11, 2008
    #16
    Just to ask this again. When you order an iphone with apple upgrade and fill out the loan information it holds your place for your phone. As long as you get approved. if not your phone is given to someone else per say.
     
  17. Wegmans macrumors member

    Joined:
    Jun 20, 2009
    #17
    What is the actual time we can start the preorder for iPhone X? 3PM EST/ 12AM PT?
     
  18. LarryJoe33 thread starter macrumors 65832

    LarryJoe33

    Joined:
    Jul 17, 2017
    Location:
    Boston
    #18
    Yes
     
  19. Damstr macrumors 6502

    Joined:
    Sep 22, 2016
    #19
    Does the credit check happen again if you are already on the IUP program?
     
  20. MuGeN PoWeR macrumors 68030

    MuGeN PoWeR

    Joined:
    Jun 29, 2011
    #20
    its a soft credit! it doesnt hurt your score.
     
  21. ckurt25 macrumors 6502a

    ckurt25

    Joined:
    Mar 25, 2009
    Location:
    Grand Rapids, MI
    #21
    Do you know if I froze my credit (thanks equifax), will I need to unfreeze it to get pre-approved? I am already in the IUP.
     
  22. MuGeN PoWeR macrumors 68030

    MuGeN PoWeR

    Joined:
    Jun 29, 2011
    #22
    i think you need to unfreeze it!
     
  23. mattopotamus macrumors G5

    mattopotamus

    Joined:
    Jun 12, 2012
    #23
    Swappa is really good or craigslist. If you meet someone on craigslist either meet at a police station or a carrier store. I personally find craigslist to be the most hassle free.
     
  24. Wegmans macrumors member

    Joined:
    Jun 20, 2009
    #24
    Thanks! East Coaster here, I'll set my alarms haha

    Gazelle offers $340 for my iPhone 7 Plus 256... I think I'll just trade it in and do without the hassle.
     
  25. Damstr macrumors 6502

    Joined:
    Sep 22, 2016
    #25
    This, when selling iPhones I always meet the buyers at a carrier store for their convenience and my safety. If they have a problem and want to meet in some random non busy area, stay away.
     

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25 October 17, 2017