Other selling an iphone leased on the iphone upgrade program?

Discussion in 'iPhone' started by archer75, Aug 9, 2016.

  1. archer75 macrumors 68000

    Joined:
    Jan 26, 2005
    Location:
    Oregon
    #1
    Has anyone sold their iphone they leased on the iphone upgrade program? I'm curious if there's any hurdles you had to jump through in regards to paying off the citizens one loan and the transferring of appelcare+ to the new owner?

    There's nowhere on the citizens one site to actually pay off the loan in full. I'm assuming one must call them to arrange that?
     
  2. eoblaed macrumors 68020

    eoblaed

    Joined:
    Apr 21, 2010
    #2
    This is relevant to my interests.

    While I paid cash for my 6S Plus, I imagine I'll be doing the iPhone Upgrade program for the 7 ... unless selling it for next year's model is going to be a problem, in which case I'll just pay cash for it.
     
  3. Mlrollin91 macrumors G5

    Mlrollin91

    Joined:
    Nov 20, 2008
    Location:
    Ventura County
    #3
    You can pay it off in full by calling Citizens One. For the peace of mind of you and the buyer, I would pay it off before selling it. Then you can show proof to the buyer that its paid off and they don't have to worry about it being blacklisted.


    If you plan on selling it, why join the program to begin with? The idea of the program is so you can upgrade yearly with the ease and convenience of just going to the Apple Store, giving them back your current phone for the new one and signing up for a new loan. Additionally, the IUP comes with AppleCare+, so if you plan on paying cash without AppleCare+ it would be cheaper in the long run to just pay for it up front.
     
  4. appygirl82 macrumors 6502a

    appygirl82

    Joined:
    Oct 4, 2012
    Location:
    Oregon
    #4
    I paid off mine and sold it no problem. My husbands I did not pay off, but we also sold it. Ill just keep paying the monthly payment :)

    Meanwhile, I am now leasing my phones through the carrier. It's essentially the same thing but don't have to use my CC for it. Just adds to the bill each month. And I can still upgrade every year to any phone. No contracts. Just have to pay the 50% of the phone and can upgrade anytime.

    Went to an Android phone (Samsung S7 Edge)....battery drain is HORRIBLE. I may be paying the $$$ to get out of it and back to iPhone. Ugh!
     
  5. eoblaed macrumors 68020

    eoblaed

    Joined:
    Apr 21, 2010
    #5

    Whoops, yes. Mis'spoke' (a casualty of doing too many things at the same time. I always get AC+. The Upgrade program will almost certainly be the route I go this year.
     
  6. jimbo1mcm macrumors 68000

    Joined:
    Mar 21, 2010
    #6
    Must have an app or two that is draining the battery. My 7 Edge has great battery life.
     
  7. Beenblacklisted macrumors 6502

    Beenblacklisted

    Joined:
    Dec 28, 2011
    Location:
    Miami,Fl
    #7
    you cant sell something you dont own.
     
  8. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #8
    Seems like you might be able to while you just keep on paying off that item essentially.
     
  9. Dirtydutch macrumors 6502a

    Dirtydutch

    Joined:
    Sep 19, 2015
    Location:
    Jerseyyy
    #9
    I would see no joy in paying almost up to $40 a month for someone else's phone because I couldn't wait a little longer to pay it off.
     
  10. willmtaylor macrumors G3

    willmtaylor

    Joined:
    Oct 31, 2009
    Location:
    A Natural State
    #10
    I personally would NEVER purchase an item still under lease and take the seller at his word that he will pay it off.

    As I recall, there have been several threads through the years here of buyers complaining that their recently purchased phones were blacklisted for nonpayment when the seller just took off with the money.

    "Be wise as snakes and innocent as doves."
     
  11. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #11
    Well, you are paying off a loan basically, and at that point using some of the money you made selling the device.
     
  12. BeeGood macrumors 68000

    BeeGood

    Joined:
    Sep 15, 2013
    Location:
    Lot 23E. Somewhere in Georgia.
    #12
    Technically, it's not someone else's phone. It's yours. The loan with Citizens is unsecured.
     
  13. chiefsilverback macrumors 6502

    Joined:
    Jul 25, 2011
    #13
    You only need a credit card to start the loan, once the loan is setup you can change the monthly payment method via the Citizens One website.
     
  14. BeeGood macrumors 68000

    BeeGood

    Joined:
    Sep 15, 2013
    Location:
    Lot 23E. Somewhere in Georgia.
    #14

    Exactly. You're just asking for trouble if you purchase a phone that's still on an EIP. Doesn't even matter who, family, friends, nobody.

    I wouldn't even sell one before I pay it off. Like @Mlrollin91 said, I want the peace of mind knowing that the buyer has no grounds to claim I did something shady.
     
  15. archer75 thread starter macrumors 68000

    Joined:
    Jan 26, 2005
    Location:
    Oregon
    #15
    I'm thinking at this point i'll call and get a refund from the remaining applecare and then i'll pay off the loan and sell it on swappa. Nobody who has inquired about the phone has cared about applecare anyways. And i'm getting nothing but scams and no shows from craigslist and offerup.
     
  16. Newtons Apple, Aug 10, 2016
    Last edited: Aug 11, 2016

    Newtons Apple macrumors Core

    Newtons Apple

    Joined:
    Mar 12, 2014
    Location:
    Jacksonville, Florida
    #16
    I am afraid that does not apply here.

    I would not want to be the new owner!
     
  17. appygirl82 macrumors 6502a

    appygirl82

    Joined:
    Oct 4, 2012
    Location:
    Oregon
    #17
    Sure you can.....just keep making the payments. The person at Citizens One confirmed that.
     
  18. sawah macrumors 6502a

    sawah

    Joined:
    Sep 13, 2010
    #18
    I sold my iPhone and used the money to pay off my eip. I've been a member of cell trader for a long time and have good feedback to be trusted thankfully!
     
  19. chiefsilverback macrumors 6502

    Joined:
    Jul 25, 2011
    #19
    I'm not sure you can do that? You entered into a contract with Apple for the upgrade program I don't know if they can then split out the Apple Care! Why not wait a month and get the new iPhone?
     
  20. noobinator macrumors 603

    noobinator

    Joined:
    Jun 19, 2009
    Location:
    Pasadena, CA
    #20
    Does Apple blacklist the phone if you default on payments or do they just charge your CC in full?

    I thought the phones they give you through this program are unlocked and that they would just charge you in full if you defaulted on the loan terms.
     
  21. chiefsilverback macrumors 6502

    Joined:
    Jul 25, 2011
    #21
    Apple won't do anything I don't think, the loan is between the individual and Citizens One. Apple get paid in full by Citizens One when you take out the loan. They aren't interested in being in the consumer financing business, hence they partnered with a bank.
     
  22. noobinator macrumors 603

    noobinator

    Joined:
    Jun 19, 2009
    Location:
    Pasadena, CA
    #22
    So the bank would just go after the balance due and that's it. It seems once you lease these unlocked phones you are free to sell and people are free to buy but if you stop paying you will pay the balance on the phone? I'm also assuming checking the ESN/IMEI on a site like swappa would show this as NOT on a payment plan? I don't see the danger in purchasing one of these leased phones if this is all true.
     
  23. chiefsilverback macrumors 6502

    Joined:
    Jul 25, 2011
    #23
    If you just financed the phone over 24 months then you should be in the clear. If you signed up for the upgrade plan then in theory Apple are expecting you to turn up 1 year later to hand in your current handset and take a new one. At that time Apple would give you a credit equivalent to the outstanding balance on the loan and you would start a new loan for the new phone and AppleCare+.

    I don't know what happens if you don't appear to get your iPhone 7?
     
  24. SisterBlue22 macrumors 6502a

    SisterBlue22

    Joined:
    Apr 29, 2015
    Location:
    Arizona
    #24
    With the upgrade program, you can turn in your phone and upgrade to the new one after one year, OR continue to make payments for 2 years and own the phone outright at the end. Nobody is going to care if you don't show up to get your iPhone 7....because upgrading annually is not a requirement of the program.
     
  25. chiefsilverback macrumors 6502

    Joined:
    Jul 25, 2011
    #25
    Are you sure? They had two distinct offers at the time, either a 24 month finance option, or the upgrade plan...
     

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