I financed my iPhone 14 Pro Max with the Apple Card. If I finance an iPhone 15 pro max, and trade in my 14, do I keep paying for the 14 until the installment ends or does the installment for the 14 close, and I just have to keep paying for the 15? Also, I am aware I get trade-in credit which will apply to the 15. I am just unaware if the installment for the 14 Pro Max will close once I trade it in.
An installment ends when the balance on the installment account reaches $0. You bought the iPhone, you borrowed money interest free, now you need to pay back your lender. Plain and simple. Opening a new installment plan does not cancel an outstanding debt/loan. You would have two payments, one finishing off the first loan and you’d start a second loan.
An installment ends when the balance on the installment account reaches $0. You bought the iPhone, you borrowed money interest free, now you need to pay back your lender. Plain and simple. Opening a new installment plan does not cancel an outstanding debt/loan. You would have two payments, one finishing off the first loan and you’d start a second loan.
Financing with Apple Card and trading in
