Apple Upgrade Scheme

Kim_kim

Frozen_up_north wrote: »

Except this is a money saving forum...

And they are looking to have the latest iPhone at the best price :-)

grumbler

Well, so far I have not seen any calculations proving that "the best price " is really the case.
E.g. iPhone 11 64Gb is £69+£40.45*20 = £878
It's just £729 at Argos - and I am sure it's not the chepast place to buy it.
So, is it REALLY "interest free"? No, it's 27%:eek: APR - based on the Argos's price.

After 11 payments, you’re eligible to upgrade to a new iPhone. Simply trade in your current iPhone and start the programme again

I.e. you have to pay the remaining balance of the loan, £364. Are you sure that the "trade in" amount will cover this, especially as, I guess, it depends on the condition of the phone after 11 months?

[Deleted User]

grumbler wrote: »

Well, so far I have not seen any calculations proving that "the best price " is really the case.
E.g. iPhone 11 64Gb is £69+£40.45*20 = £878
It's just £729 at Argos - and I am sure it's not the chepast place to buy it.
So, is it REALLY "interest free"? No, it's 27%:eek: APR - based on the Argos's price.

I.e. you have to pay the remaining balance of the loan, £364. Are you sure that the "trade in" amount will cover this, especially as, I guess, it depends on the condition of the phone after 11 months?

If your phone is in good working condition it will not be a problem. This is why Apple care is part of the upgrade programme in that if you damage your phone then at least you have a way of getting It repaired without facing a full repair bill and will still be valid for trade in when getting the newer phone.

mrochester

grumbler wrote: »

Well, so far I have not seen any calculations proving that "the best price " is really the case.
E.g. iPhone 11 64Gb is £69+£40.45*20 = £878
It's just £729 at Argos - and I am sure it's not the chepast place to buy it.
So, is it REALLY "interest free"? No, it's 27%:eek: APR - based on the Argos's price.
I.e. you have to pay the remaining balance of the loan, £364. Are you sure that the "trade in" amount will cover this, especially as, I guess, it depends on the condition of the phone after 11 months?

You're a bit confused.

The iPhone Upgrade Programme consists of the phone and AppleCare+. The 64GB iPhone 11 costs £729 and AppleCare+ costs £149 which is £878 together. This is the amount you borrow and repay. The condition of the phone is irrelevant because you are covered for a replacement via the AppleCare+ plan.

If you opt for the iPhone Payments plan you don't need to purchase AppleCare+ and the total you borrow and repay is £729. This is just a straightforward loan with no yearly upgrade.

grumbler

mrochester wrote: »

You're a bit confused.

The iPhone Upgrade Programme consists of the phone and AppleCare+. The 64GB iPhone 11 costs £729 and AppleCare+ costs £149 which is £878 together.

Well, I cannot check the figure, but what I see is 2-year cover. £149 for 24 months or for 11? How does it work when you 'uprade'?

The condition of the phone is irrelevant because you are covered for a replacement via the AppleCare+ plan.

Possibly, but what I see on the website is "trade in", and nowhere does it say that the amount covers the remaining debt. I am not saying that this is the case, but to me it looks like that Apple did everything to muddy the waters. This includes odd 20 and 11 months terms.

[Deleted User]

grumbler wrote: »

Well, I cannot check the figure, but what I see is 2-year cover. £149 for 24 months or for 11? How does it work when you 'uprade'?

Possibly, but what I see on the website is "trade in", and nowhere does it say that the amount covers the remaining debt. I am not saying that this is the case, but to me it looks like that Apple did everything to muddy the waters. This includes odd 20 and 11 months terms.

Once you upgrade the programme ends and a new one starts.

I don't think apple is muddying the waters at all and do not see what the problem is making payments over 20 months rather than any other number. They are very upfront about what is on offer.

Yes you can't cover every question that someone may ask but they have put up 26 possible questions on the website.

mrochester

grumbler wrote: »

Well, I cannot check the figure, but what I see is 2-year cover. £149 for 24 months or for 11? How does it work when you 'uprade'?

Possibly, but what I see on the website is "trade in", and nowhere does it say that the amount covers the remaining debt. I am not saying that this is the case, but to me it looks like that Apple did everything to muddy the waters. This includes odd 20 and 11 months terms.

The £149 AppleCare+ price is rolled into the monthly fee so by the time you upgrade 12 months later you’ve paid a portion of the original loan and you handing back the device wipes the remainder. You can then either get a new phone and the deal continues at the same or revised price or you don’t and the deal is over. You can also simply pay the full 20 months of the loan and keep the phone without upgrading at the end of it.

sal_III

The Apple iPhone upgrade program is a great deal...

For Apple.

Sure you are getting the latest iPhone on interest free credit, what is omitted in the calculation is that you are trading in your "old" iPhone for peanuts, losing £100s in resale value in the process.

mrochester

sal_III wrote: »

The Apple iPhone upgrade program is a great deal...

For Apple.

Sure you are getting the latest iPhone on interest free credit, what is omitted in the calculation is that you are trading in your "old" iPhone for peanuts, losing £100s in resale value in the process.

This. After 1 year of paying monthly for your iPhone you’ll have paid nearly 3/4 of the value of the phone. It’s residual value will be more than what you have left to pay yet you would hand it back to Apple for nothing.

You’re best off using the iPhone Upgrade Programme as a way to get the phone and AppleCare+ interest free and simply forget about the upgrade part of it.

couriervanman

Frozen_up_north wrote: »

My iPhone SE will be 4 years old in May, still original battery and working fine. If you put your phone in a rubber edged case to protect against the inevitable drop, it should last at least 3 years. That’s much better value than swapping your phone every year.

My iPhone SE 64GB cost £439. If I throw it away in 4 months, it will have cost me the equivalent of just over £9 per month. The cheapest Apple phone on their upgrade scheme is £69 up front, then £40.45/month. That’s a lot (approx £1970 over 4 years)!

Apple will love customers who want a new phone every year... what is the point? You can also get a warm feeling by burning £20 notes :rotfl:

"If you put your phone in a rubber edged case to protect against the inevitable drop"


It always amazes me how many people who walk around with phone in back pocket with no case or cover,i saw a young girl sit on her phone in pub last week with the inevitable scream.Not to mention the amount of times you see people dropping them on the ground(probably because of the huge size of them),i also have an SE almost 4 years old in mint condition and working perfectly with battery health of 93%