I want to buy an iPhone 11 with the monthly payment option. This option is for 24 months. Can anyone tell me if these installments can be repaid faster, for example after half a year or a year. Is there an option to pay off the phone faster than 24 months?
iPhone 11
You can make early payments and pay it off early too.
I believe the answer is "It Depends". If you have only purchased one product on installments, no problem. If you purchased more than one on installments, the "Pay Early" feature will pay the first product you purchased which might not be the iPhone, and the balance will go to the second product. It does not even matter that you are using the "Pay Early" for the phone. Weird eh? Once the full installment amount is paid, further payments will go to the oldest product you purchase.
I will never buy more than one product on installments on the card again.
I never accused you of being incorrect, I merely pointed out that if a person has more than one purchase on installments there are some quirks that ought to be taken into consideration. In my first sentence I said - "If you have purchased one product on installments, no problem". It's worth pointing out to people regardless of the context. It's useful info which has taken me some time to gather from Goldman Sachs.
In my case it messed up my 2-year iPhone payment schedule. That's big. Have a good one.
The question was not about more than one device. My answer was correct in the context of the question.
Iphone monthly payment
