Apple has continued to do what it is known for – release a new iPhone yearly. The company launched iPhone 7 and iPhone 7 Plus during this fall. The iPhone was received with mixed reactions, some terming it the future of smartphones while others saying the Silicon Valley-based firm messed up big time. But what remained constant is that Apple loyalists were still waiting for the phone and are now making purchase arrangements.
As you get ready to buy either iPhone 7 or iphone 7 Plus, you have to remember the devices do not come cheaply. Due to the high prices, you need to carry out a detailed research of how you can lower the cost and make some big savings. The cheapest way you can buy either of the gadgets is to purchase them outright. But if that is not within your abilities now, you can still use contracts offered by Apple and some other vendors. Apple’s contracts are meant to help people buy the iPhone 7 and iPhone 7 Plus by paying a certain fraction over an interval of time. Most buyers go for this, because they do not want to part with the $1K+ needed to outright buy the iPhone 7. But besides the contracts, there are numerous other options. Read through to learn about them.
Make use of Apple’s Upgrade Program
Apple in partnership with Barclays Bank have introduced a method that allows you get the iPhone 7 and pay for it gradually over a period of 20 months.
As per the contract, you pay as little as $59 upfront and then monthly charge of $33 for 20 months (This is for the 32GB model).
When the contract is 11 months old, you earn the ability to get another newer iPhone. Getting the handset in this manner is less convenient compared to standard network contract.
Trade your old iPhone
Do you have an iPhone 6s or below and you want to buy the new iPhone 7? Well, you can sell it and earn some cash to top up on what you already have. Most of the time, you will realize that the old iPhone will lie idle in the drawer. Do not let this happen when you can sell it for some cash. For instance, the 64GB iPhone 6s will earn you as much as $470 while the iPhone 6 will get you $290.
Buying iPhone 7 and iPhone 7 Plus with no-interest credit card
You can easily spread out the cost of the handset by getting a reasonable contract. Get to your bank and request for an interest-free purchase deal if it is available. That is a service offered by some banks to attract more customers. The implication of this is that you get a loan but with zero interest as long as it is paid back within the agreed time. Some banks allow for as long as 27 months.
For this strategy to be effective, you will have to be an efficient person at repaying. Failure to meet your end of the contract will see you face the wrath of the provider.
Utilize PayPal Credit
Apple has a joint trade plan with PayPal for all iPhones and some other Apple products purchased from the firm.
Buyers get installments plans of 6, 12, 18 or 24 months. The only problem with this method is that it doesn’t have any no-interest terms.