Morning all, happy pre-order day.
I have been here since the iPhone 4 days, rarely comment, but love to read every post on every page every year. Currently I am on the Upgrade Programme and pay £ 66.45 p/m for the iPhone 11 Pro 256Gb. My plan this year is to buy the iPhone 12 Pro 256Gb and move on to the 24 month 0% with Barclays. If I trade in my Pro I get £ 540 from Apple (I know, I don’t want the hassle of going through another buyer, I can trust Apple to honour the price) this makes my monthly payment £ 22.87 p/m for the new phone after the trade in. Now I know that means the 11 Pro loan is still active and the plan was to keep paying the remaining 6 instalments to clear the loan as the Upgrade Program is over 20 months. Now this would mean I would be paying for 2 loans for a short time, but after the 11 Pro is cleared I would only be paying the £ 22.87 p/m which is quite cheap. Now remember that the Barclays loan is over 24 months so I would not be able to upgrade next year like on the Upgrade Program unless I do the same again like this year and trade in the iPhone 12 Pro for, hypothetically speaking, roughly the same as what I got for the iPhone 11 Pro, £ 540, then take out another Barclays loan on the iPhone 13 Pro and continue to pay 2 loans, but only for 12 more months on one of them. Now in theory this would mean that at that time the 2 loans would cost roughly the same per month as what I will be paying for the iPhone 12 Pro, £ 22.87 p/m, times that by the 2 loans and my question is would that not cheaper than doing the Upgrade Program but still managing to get a new phone each year and then after that just repeat ? I know this way does not include Apple Care but I’m not bothered about that, I also pay £ 13 p/m on Three for Unlimited Everything and I am just looking to see what the cheapest way of paying for a new phone each year would be. Is this a good idea or am I nuts ???