monthly payment plan, cost not adding up

Discussion in 'iPhone' started by teabonesteak, Sep 12, 2015.

  1. teabonesteak macrumors regular

    Joined:
    Sep 10, 2014
    #1
    hi mr

    tried reading multiple threads and searched but could not find an answer.

    the 128gb 6s is showing as 42.45/mo.

    that comes out to

    42.45 x 24 = 1018.80

    if you buy outright, it comes out to 849 + 129 = 978

    the difference is 40.80. what does this represent? is this the built in finance charge?
     
  2. leenak macrumors 68020

    Joined:
    Mar 10, 2011
    #2
    Tax? I know I got charged $45 in tax from Verizon last night for my 64gb 6s.
     
  3. mattopotamus macrumors G5

    mattopotamus

    Joined:
    Jun 12, 2012
    #3
    Yes, it is a finance charge more than likely.
     
  4. teabonesteak thread starter macrumors regular

    Joined:
    Sep 10, 2014
    #4
    since im in CA, the tax should be way higher. also, when i read the fine print, it states that in CA and RI, tax is charged for the unbundled price. im assuming that means that we have to pay tax when we go into the store to pick up the phone.

    that 40.80 is a weird number and i cant figure it out. most threads stated that it would cost 40.75 and not 42.45.
     
  5. techspin macrumors 6502a

    Joined:
    Jul 21, 2014
    #5
    Wouldn't sweat a $40 difference when you're spending a grand. Better than buying a locked phone from your carrier.
     
  6. ZipZap macrumors 601

    Joined:
    Dec 14, 2007
    #6
    it is interest. Don't forget you also have to give them the phone if you upgrade.
     
  7. nrvna76 macrumors 6502

    Joined:
    Aug 4, 2010
    #7
    That phone is $40.75/mo plus whatever your tax rate is.
     
  8. macness macrumors 6502a

    macness

    Joined:
    Dec 4, 2011
    #8
    And you have to turn your old phone in... So you actually lose because you don't get that money back
     
  9. teabonesteak thread starter macrumors regular

    Joined:
    Sep 10, 2014
    #9
    cant be the tax rate... LA/CA tax is a crazy 9%.
     
  10. nrvna76 macrumors 6502

    Joined:
    Aug 4, 2010
    #10
    Not sure where the 42.45 comes from. I just pulled the number from Apples page.
     
  11. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #11
    There's 0% interest.
     
  12. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #12
    You can simply pay the phone off and not trade it in. Or you trade it in in place of your remaining payments (as if you are selling at some point, just that the trade in won't get you as much value as selling, as is usually the case with trade-ins no matter what product).
     
  13. teabonesteak thread starter macrumors regular

    Joined:
    Sep 10, 2014
    #13
    if that's true, I'm even more confused by the 42 amount vs the 40. I know it's not a lot and it's not a deal breaker for me... but would just like to know what it is.
     
  14. danilko1 macrumors 6502a

    danilko1

    Joined:
    Jun 21, 2010
    #14
    I don't get this. This is so defeating. If you don't sweat it, next time it's $60, then $100, and so on. You have to sweat every penny or else you are a sheep. Don't be a sheep. It maybe a valid charge, but difficult to tell what it is. If it's AT&T or Apple, pulling a fast one, then we have to all cry foul right away.
     
  15. Knowimagination macrumors 68000

    Knowimagination

    Joined:
    Apr 6, 2010
    #15
    Can you post a screenshot of the 42.45? my Apple site is showing 40.75 for that phone which the math adds up on.
     
  16. flur macrumors 68000

    Joined:
    Nov 12, 2012
    #16
  17. striders macrumors 6502

    Joined:
    Mar 11, 2009
    #17
    Wait, this doesn't make sense.

    I placed 2 orders of the 6S Plus with 128GB:
    - Reservation pickup: show $44.91 X 24 months = $1077.84
    - Pre-order shipping: show $949 + $80.67 tax = $1029.67

    Where's the $48.17 from the iPhone Upgrade Program comes from? Discounted AppleCare?
     
  18. Knowimagination macrumors 68000

    Knowimagination

    Joined:
    Apr 6, 2010
    #18
    Your reservation does not include the tax that you will have to pay at the reservation appointment, and your preordered phone does not include Apple Care +. If you add the tax to the 48.71 you should get the 130 dollar cost of Apple Care that makes up the difference.
     
  19. striders macrumors 6502

    Joined:
    Mar 11, 2009
    #19
    I thought tax is included in the Upgrade Program? If not, then it'll be more expensive:
    - Add tax (8.5%) to the Upgrade Program: $1077.84 (AppleCare incl.) + $91.61 (tax) = $1169.45
    - Add Apple Care ($129) to the preorder : $1029.67 (tax incl.) + $129 (AppleCare) = $1158.67

    Both now have tax and AppleCare, but the Upgrade Program now have a different of $10.78. Not much, but I was not planning to get an AppleCare. Without AppleCare, the savings for the outright purchase is even cheaper:

    $1169.45: upgrade program (tax + Applecare)
    $1029.67: full price (tax only)
    ====== -
    $ 139.78 difference
     
  20. Knowimagination macrumors 68000

    Knowimagination

    Joined:
    Apr 6, 2010
    #20
    I'm pretty sure with apples upgrade program apple care is not optional.
     
  21. striders macrumors 6502

    Joined:
    Mar 11, 2009
    #21
    Yeah, it is not. I actually have no plan to do the Upgrade Program, just did the reservation so I can pay in-store with Discover + ApplePay (10% cashback!). But the reservation email mentioned I can do the Upgrade Program when I pick up the phone, so I was curious when I started adding the numbers.

    I am still curious why the math doesn't add up as shown above, even if I make both order the same (tax + AppleCare).
     
  22. Chrsanthny5 macrumors regular

    Joined:
    Sep 22, 2013
    #22
    Hmm..

    Strangely, my VZW 128GB 6s+ has a monthly payment charge of 39.58. Not even over $40 yet.

    39.58x24= $950. Where are other people having issues?
     
  23. nrvna76 macrumors 6502

    Joined:
    Aug 4, 2010
    #23
    Because Verizon's plan doesn't include AppleCare+. There are no issues, just a bit of confusion.
     
  24. budselectjr macrumors 6502a

    Joined:
    Oct 6, 2009
    Location:
    Minnesota
    #24
    The first months payment is going to include the tax and will be higher than the other remaining 23 months. That first payment will vary depending where you live.
     
  25. macness macrumors 6502a

    macness

    Joined:
    Dec 4, 2011
    #25
    What do you mean? The phone is part d off by the end of the year. It's yearly isn't it? Or is the phone completely paid off in two years? ( all of this assuming I don't hand in my phone )
     

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