Apple launches ‘Trade Up with Installments’ for another way to get a new iPhone


Apple wouldn’t mind if you buy a new iPhone, and they certainly wouldn’t complain if you happened to trade in an old device to upgrade to the new and shiny.

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.

For example, you can trade in an iPhone 6 and get payments down to $15 per month. Or, if you have an Android device, you could trade that in and potentially get up to $300 towards the purchase price of the new iPhone of your choice. The monthly payments will span 24 months, and the monthly price will change based on the age of the device you’re trading in.

“A quick refresher on current options, which remain in place for eligible consumers who want a new model device every year. You can pay $32.41 a month interest-free for a 16GB iPhone 6S or $36.58 for the 16GB 6S Plus. You pay the tab for a period of 24 months, with the price covering the phone, the Apple Care+ warranty program, plus the option to upgrade every year if you choose. You still have to pay for wireless service, of course, though you do get to pick your carrier. And monthly fees rise when you get phones with more storage.”

It looks like the oldest model iPhone you can trade in is an iPhone 4.

It’s worth noting that you don’t have to trade up to an iPhone 6s or iPhone 6s Plus. If you move from an iPhone 4 to an iPhone 5s, you’ll be paying $14.58 per month for 24 months. Moving from an iPhone 4 to the 128GB iPhone 6s Plus, though, will see monthly payments of $35.37 per month. And a bit of a bonus: Any phone you choose will be unlocked, even if you plan on using it on a single carrier.

As it stands right now, the Trade Up with Installments plan is only available in the United States, and in Apple retail stores. Do you plan on taking advantage of this new program now, or will you wait until later this year?

[via USA Today]

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