CNET is reporting that Apple is launched a new iPhone payment plan, the Trade Up With Installments program, that gives users the option of unloading their old phone to get a brand new iPhone for an outlay of less than about $35 a month.
So the company has launched a brand new trade-in program that will see people get a brand new iPhone for as little as $15 per month in some instances, according to USA Today. The new program is called “Trade Up with Installments,” and it’s a title that gets right to the heart of the matter. You’ll be able to trade in a device, like an old iPhone, and then reduce the monthly payments towards a new iPhone 6s or iPhone 6s Plus.
So, how does this new program work?
Here’s an explanation from CNET:
So, how does this new program work?
Here’s an explanation from CNET:
If you’re trading in an iPhone in good working condition, the payments range from about $15 to $35 a month, depending on how many models you jump. If you’re switching from the iPhone 4 to the 128GB iPhone 6S Plus, for instance, you’ll pay $35.37 a month. But if you’re moving from an iPhone 5 to an iPhone 6, you’ll only pay $14.54 a month.The maximum trade-in values are the same as for Apple’s regular trade-in program, regardless of how much storage your device has, provided the screen isn’t cracked or damaged:
- $100 for the iPhone 4 and iPhone 4s
- $200 for the iPhone 5, iPhone 5C and iPhone 5s
- $300 for the iPhone 6
- $350 for the iPhone 6 Plus
The new program is in addition to Apple’s two existing initiatives: its long-running trade-in program (get up to $350 for your old iPhone) and the iPhone Upgrade Program, introduced in September 2015 (get the latest iPhone covered by AppleCare+ and pay for it in 24 installments, ranging from $32.41 per month to $44.91 per month).
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