So I’m a little confused - I currently have a AW8 that I have made 12 of 24 payments on and Apple Watch is offering me $190 to trade that watch in for a AW9, starting a new 12 month finance plan. You can trade in a device that you don’t own outright yet? Would I still owe the remaining 12 payments on the 8 while adding in a new payment on the 9? Or would the original finance plan stop once the device is no longer in my possession? I guess I’m confused because $190 is a higher amount than I even still owe in finance payments, so it seems like I would come out ahead overall regardless?
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Trade-in Apple Watch 8 while still owing finance payments?
- Thread starter allymbader
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you still owe those payments, that's between you and whoever the lien holder is ... it sounds like it's an Apple Card, so yes, you'll have 2 payments for 12 months, your old and your new watch
You are still responsible for the Series 8 payments. Trading it in doesn't magically get rid of your obligation to the credit card company.
That’s what I thought! I guess I was confused how the trade in value could be more than I still owe, wouldn’t that ultimately have me come out $40 ahead even making double payments? I assume a year from now when I own the watch outright the trade in value will be substantially lower.
I likely won’t and will wait til at least next year, I just was confused at even being given the option to do so while still on a payment plan…