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Apple Expands iPhone Trade Up Program to France, Italy, and Spain
Apple today expanded its "Trade Up with Installments" program for iPhone to France, Italy, and Spain, enabling customers to trade in an eligible older-generation iPhone, Android, or Windows Phone smartphone and put the value of that device towards a new iPhone based on a 24-month payment plan.
When a customer in Italy trades in a used 16GB iPhone 5s for a new 16GB iPhone SE, for example, an amount of €16.98 must be paid each month for the duration of the two-year installment plan. A total of €425.52 would be owed after interest rates are applied to the price. Exact prices vary depending on the combination.
The program is effectively a loan handled by Apple as an intermediary, so customers will need approved credit to qualify. The exact amounts paid may vary depending on the condition of the smartphone traded in. Apple's financing partners include Sofinco in France, Agos Ducato in Italy, and Cetelem in Spain.
"Trade Up with Installments" was heretofore exclusive to the U.S., where the program is financed by Citizens Bank with a 0% interest rate.
Apple recommends that customers speak to a Specialist at an Apple Retail Store for more details. The offer is not available online and is set to end on August 31, 2016 in France, Italy, and Spain. Apple's similar iPhone Upgrade Program remains exclusive to the U.S., so this program is a viable alternative for financing a new iPhone.
(Thanks, setteBIT!)
When a customer in Italy trades in a used 16GB iPhone 5s for a new 16GB iPhone SE, for example, an amount of €16.98 must be paid each month for the duration of the two-year installment plan. A total of €425.52 would be owed after interest rates are applied to the price. Exact prices vary depending on the combination.
The program is effectively a loan handled by Apple as an intermediary, so customers will need approved credit to qualify. The exact amounts paid may vary depending on the condition of the smartphone traded in. Apple's financing partners include Sofinco in France, Agos Ducato in Italy, and Cetelem in Spain.
"Trade Up with Installments" was heretofore exclusive to the U.S., where the program is financed by Citizens Bank with a 0% interest rate.
Apple recommends that customers speak to a Specialist at an Apple Retail Store for more details. The offer is not available online and is set to end on August 31, 2016 in France, Italy, and Spain. Apple's similar iPhone Upgrade Program remains exclusive to the U.S., so this program is a viable alternative for financing a new iPhone.
(Thanks, setteBIT!)
[ 35 comments ]
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37 months ago
... why do you have to also trade in your old phone??
BECAUSE Apple wants to refurbish your trade-in and resell it in India, at a discount - and chalk up those sales numbers.
37 months ago
I wonder if they'll have it in many more countries come the fall launch of the next iPhone. I'd like to see it in Canada.
Aye would definitely love to see it in the UK, although would prefer a 12 month plan rather than a 24. I like to upgrade every year...
37 months ago
so let me get this straight...
you essentially pay the new phone in full with instalment payment in 2 years. but then why do you have to also trade in your old phone??
you essentially pay the new phone in full with instalment payment in 2 years. but then why do you have to also trade in your old phone??
37 months ago
Gotta' keep those sale numbers UP some how.
Guess Apple's still counting on India letting them in to sell outdated, refurbished iPhones at a discount - they must have quite an inventory at the warehouse, waiting for India's blessing.
Guess Apple's still counting on India letting them in to sell outdated, refurbished iPhones at a discount - they must have quite an inventory at the warehouse, waiting for India's blessing.
37 months ago
Aye would definitely love to see it in the UK, although would prefer a 12 month plan rather than a 24. I like to upgrade every year...
It's a 24 month agreement, but you can upgrade every year.
http://www.apple.com/shop/iphone/iphone-upgrade-program
37 months ago
Why do I continue to check this site... multiple times a day? I suppose this is important to some people, but man is it uninteresting.
37 months ago
Even with such plan, an iPhone is still expensive anyway.
Apple should provide up to 50% discount for a new iPhone, if the iPhone traded-in has very good condition (few or no scratch, no screen crack, no liquid damage etc). And this rate could go down as the condition goes worse.
Apple should provide up to 50% discount for a new iPhone, if the iPhone traded-in has very good condition (few or no scratch, no screen crack, no liquid damage etc). And this rate could go down as the condition goes worse.
37 months ago
I wonder if they'll have it in many more countries come the fall launch of the next iPhone. I'd like to see it in Canada.
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