Quote:
Originally Posted by chicagob5
Ah I see, my example also doesn't account for things like applecare since I dont get it anyway.
I believe the monthly may actually include Applecare if you buy from Apple? This method obviously varies and may not be for everyone, however over the years it's what I've used to get into new phones at the lowest cost long term. Now I use the same method to upgrade my wife and its saving us quite a bit of money while allowing us to have new shiny things.
Another thing to mention is, you're basically forced to upgrade each year using this method because if you wait too long you wont get the value out of your old device.
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No - I think you may be confused as to some of the programs available. You can (as I described) simply buy the phone with a monthly payment that works out to 1/24th of the buy price over 24 months - so no interest, but you do pay any state taxes up front. Apple Care is not included.
Then there's the Apple iPhone Upgrade Program. This may be the one you're thinking of, and yes it works out fairly expensive I think, but does include Apple Care as you mentioned. For the iPhone 11 Pro 512GB it's $64.50 a month, so $774 a year. But after 12 payments (when the 11S Pro comes out in 12 months) you can take yours back and just get a new one and keep paying. You can basically get a new one every 12 months. Given the buy price of that phone is $1349 and you pay $774 over 12 months (I'm ignoring Apple Care as I don't know the cost), that means next year when you upgrade they're giving you about a $575 trade-in on your next one. But yes - if you don't trade in and you just keep it, I'm not sure there's an end to the $774 a year, so that would be a bad choice if you didn't plan to upgrade every year.