Just weighing up options here and would appreciate a steer.
I’ve currently a 256gb IPhone 11 Pro Max, am on the iPhone upgrade program, and am waiting on the 12 Pro Max being released.
I’ve paid my Oct 20 monthly payment already, which means I’ve approx. £500 left to pay to Barclays, which includes the remaining months of AC+ between Nov 20 and Sep 21.
Apple are quoting me £580 trade in on my 11 Pro Max.
Rather than just hand the phone back, pay £69 and start a new 20 month IUP loan, I’m considering starting a new 20 month IUP for the 12 Pro Max, keeping the existing IUP loan going on the 11 Pro Max - but only until I can cancel AC+ to get a refund of about £90 for the 11 remaining months AC+ between Nov 20 and Sep 21, and then pay off the outstanding sum (approx £410) with Barclays.
Which I think would make me about £170 better off in the process. Although I guess that “profit” would then reduce by £69 if I kick off a new IUP. I’d then be paying £66.45 monthly, as opposed to £71.45 as I was doing for the 11 Pro Max.
Is that possible/a correct assessment of how that would work?
Or would a better alternative be to trade in for £580 offset against the 12 Pro Max, which would mean no £69 upfront cost and would reduce the monthly payment of the Pro Max 12 to about £25 per month for 24 months, and would mean I’d then need to cancel AC+, get £90-ish AC+ refund then pay off the £410-ish outstanding to Barclays for the 11 Pro Max IUP - all on the assumption that I’ll get a decent trade-in price next year and can repeat this process then (or better still, lock in an even better trade-in value somewhere else around release time, if I can manage to organise myself better than I have done this year)?
This **** makes my head hurt so all thoughts very welcome - and thanks in advance!