Question about Apple's payment system

[JustMadeThisNameUp]

If I were to finance an iPhone 6s through Apple and traded it in for an iPhone 7 in 12 months would I still be charged for payment on the 6s or would the 24-month window or would the 24-month period roll over with the new device?

 

[0007776]

I believe if you exchange the device the 24 month period just starts over and you don't have to make the rest of the payments on the 6S.

 

[sumiregusa]

I believe if you exchange the device the 24 month period just starts over and you don't have to make the rest of the payments on the 6S.

This.

You restart the loan if you upgrade yearly. If you wait the full 24 months you own the phone and can still restart the program I believe.

 

[DoofenshmirtzEI]

If I were to finance an iPhone 6s through Apple and traded it in for an iPhone 7 in 12 months would I still be charged for payment on the 6s or would the 24-month window or would the 24-month period roll over with the new device?

Trading in the phone cancels the remaining payments on the device you turned in. The contract on the 7 would be a new 24-month contract.