Apple Announces an 'iPhone Upgrade Program' Starting at $32/month
LIKE
TWEET
SHARE
PIN
SHARE
POST
MAIL
MORE
Posted September 9, 2015 at 11:07pm by iClarified
Apple has announced an 'iPhone Upgrade Program' that lets you pay for an iPhone monthly and get a new iPhone each year.
For now the program is only available to customers in the United States.
Here's how it works...
Customers are free to choose the carrier and rate plan that they choose but they must accept a two year installment agreement. After 12 installments, you can get a new iPhone and start a new iPhone Upgrade Program. No more waiting for your carrier contract to end. Just trade in your current iPhone for a new one, and your new program begins.
The iPhone you receive will be unlocked, letting you easily select a new carrier or stick with the one you have.
The 16GB iPhone 6s has monthly payment of $32.41; whereas, the 16GB iPhone 6s Plus has a monthly payment of $36.58. You can see the monthly payment amounts for various devices in the image below.
The iPhone Upgrade Program also comes with AppleCare+ included, giving you two years of hardware repairs, software support, and coverage for up to two incidents of accidental damage.
You can make a reservation online, starting at 12:01 a.m. PDT on September 12, to buy an iPhone 6s through the iPhone Upgrade Program in store.
Question: do I sign up and get my 6s right away or after 12 months of paying? When I trade in (after 1 year) for a new phone... Do I have to give back the old one?
When you first sign up to this plan, after one year you have the option to "trade in" your year old iPhone to get the latest one, YES, you have to give back the old iPhone. Or you can keep paying for it for two years when the contract is up. When you want to get the new iPhone...the old iPhone you've been paying for two years is yours to keep.
So you pay half of it off, but still have to hand it in to start paying off the new one from scratch... Still doesn't make sense, you should just sell it yourself after the 1 year for about $150 less than the original full price($50 cheaper than new lowered price cause the new phone just came out) and finish paying the phone off with extra cash in your pocket to start putting towards the new phone. That's just Apple ripping you off and getting you to pay for half the phone then they resell it again at full price so they get 150% off you and some other sucker.