Best way to finance an new iPhone question

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Level 4

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Best way to finance an new iPhone question

I have an iPhone 12 that is part of the Apple Upgrade program. And pretty sure at this point I will just hold out for the iPhone 14 instead of upgrading to the 13 at this late date.

My question is if I plan on keeping my next iPhone for 2 years (whether I go for the 13 now and then get the 15 or wait for the 14 and then upgrade to the 16) am I better off doing the upgrade program again or just trade in my 12 and sign up for the monthly Apple Card Payments (which at least if I get the 13 now the monthly payments even adding Apple Care are cheaper than the upgrade program payments).

Thanks.

iPhone 12

Posted on Jul 15, 2022 7:56 PM

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Answer 1

Chris0107

Level 9

52,001 points

Jul 15, 2022 9:24 PM in response to swandy

That is completely a personal decision on your part.

The iPhone upgrade program is nice because it includes Apple Care in the payment plan.. (note that you're paying for it of course)

If you're not going to upgrade annually, I don't think there is as much of a point in doing the iPhone upgrade program.

The main benefit of the iPhone upgrade program is you're essentially getting half the original purchase value as 'trade in'.. a higher value than you'd ever get for the actual trade in program..

If you do the iPhone upgrade program as it's intended, you're forever committing to a monthly phone payment.. but you'll always have the latest model.

Sounds like you do not intend to upgrade annually, so you may as well just use the Apple Card payment plan and buy Apple Care if you want it. I think it all works out the same either way. 3% cash back, interest free

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Best way to finance an new iPhone question

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