Apple Simplifies 'Trade Up With Installments' iPhone Program by Relying on Carrier Financing Plans

Apple today made some changes to its recently introduced "Trade Up With Installments" payment plan, which is designed to let prospective customers trade in an old iPhone, Android, or Windows Phone, putting the value of the device towards a new 24-month iPhone installment plan.

Previously, Apple's Trade Up program relied on a 24-month installment loan from Apple partner Citizens Bank, but Apple is simplifying the service and instead relying on financing plans handled by carriers. Trading in a device at the Apple Store will now allow the value of the device to be applied to the purchase of a new iPhone from a carrier. Credits can be used to lower the cost of an outright purchase or to reduce monthly payments.

iphonetradeup
It is no longer necessary to undergo a credit check to trade in a device, nor do customers have to agree to a 24-month installment loan or minimum financing. Going through carrier financing does mean iPhones purchased through the program will be locked to the carrier a customer chooses, while phones previously available through Trade-In were unlocked.

Old wording:

Available to qualified customers with a credit check and eligible U.S. credit card. Monthly payment may vary depending on condition and type of device you trade in. Offer only available on presentation of a valid, government-issued photo ID (local law may require saving this information). Requires a 24-month installment loan with a 0% APR from Citizens Bank, N.A. (subject to any interest, fees, or other costs payable to the issuer of the credit card). Requires financing of at least $239.

New wording:

Sales tax on the full value of new iPhone and any applicable fees may be due at time of purchase. Value of your current device may be applied toward purchase of a new Apple iPhone via an available carrier financing plan.

With the changes comes an update to the site explaining the program, with new wording that calls it "Trade Up" instead of "Trade In" and new maximum trade-in values of $250 instead of $300. Apple has also removed all of the information on monthly payments based on trade-in, as pricing will now vary by carrier and trade-in value.

The program is otherwise unchanged, continuing to offer customers a way to apply the value of old devices to a new purchase. Estimated trade-in values, which are based on phone quality, range from $50 for the iPhone 4s to $250 for the iPhone 6 Plus. Customers are also still able to trade in other eligible smartphones from companies like Samsung, Nokia, Motorola, HTC, and LG, with all trade-ins done through Apple partner Brightstar.

Apple also continues to offer its dedicated iPhone Upgrade Program, which remains unchanged. With the iPhone Upgrade Program, customers can purchase an iPhone through Apple and trade it in each year for a new device.

Top Rated Comments

jkool Avatar
73 months ago
I live in the UK but I just don't see why anyone would do this in the US or here. Their trade in value sucks. You'd get at least another third of that on eBay.
Good point, but sometimes I'd rather expedite the process than deal with eBayidiot123 with 0 feedback trolling my auction for a few weeks.
Score: 13 Votes (Like | Disagree)
pnoyblazed Avatar
73 months ago
I miss those 2 year contracts....
Score: 13 Votes (Like | Disagree)
NachoGrande Avatar
73 months ago
I'll pass. I'm seriously at the point were the cost is now prohibitive for me to have the latest "smart phone" looks like it's cheap droids for me or maybe a cheaper version of the iPhone. and I make very good money. $2000 a year for a phone is just crazy..
Score: 11 Votes (Like | Disagree)
chrisrosemusic1 Avatar
73 months ago
I live in the UK but I just don't see why anyone would do this in the US or here. Their trade in value sucks. You'd get at least another third of that on eBay.
Score: 8 Votes (Like | Disagree)
millerlite Avatar
73 months ago
Am I the only one who's completely lost about how to get a new phone? I could get behind the days of just trading in your old phone with a new two year contract. With these new schemes to get a phone, I get the feeling that it's just another way for the phone companies to scam us out of our money. They're also much more confusing. I'm certain this is one of the reasons for fewer phone sales. They've put roadblocks in place that didn't appear to be there in the old way of doing business.
Score: 5 Votes (Like | Disagree)
Boatboy24 Avatar
73 months ago
I'll pass. I'm seriously at the point were the cost is now prohibitive for me to have the latest "smart phone" looks like it's cheap droids for me or maybe a cheaper version of the iPhone. and I make very good money. $2000 a year for a phone is just crazy..
Agree. I'm perfectly happy with my 64GB 6. Force touch and an incremental camera upgrade weren't even close to interesting when the 6S came out. And it isn't looking like the next iPhone will offer much either. It is now more expensive for me to get on a new plan (still on AT&T unlimited) and have to put phone costs into the equation than it was to simply get a new phone every other year and sell the old one on eBay.
Score: 5 Votes (Like | Disagree)

Popular Stories

maxresdefault

Review: M1 Max MacBook Pro After Three Months

Wednesday January 19, 2022 11:30 am PST by
It's now been a few months since the M1 Pro and M1 Max MacBook Pro models launched in October, and MacRumors video editor Dan Barbera has been using one of the new machines since they debuted. Over on the MacRumors YouTube channel, Dan has shared a three month review of his MacBook Pro to see how it has held up over time and how it's changed his workflow. Subscribe to the MacRumors YouTube ...
iphone se 2020 top

New iPhone SE Likely to Launch in April Based on Production Timeframe

Wednesday January 19, 2022 6:44 am PST by
Apple suppliers will begin producing display panels for the third-generation iPhone SE this month, with final assembly of the device likely to start in March, according to information shared by display industry consultant Ross Young. Based on this production timeframe, Young believes the third-generation iPhone SE is likely to launch in the second half of April, or perhaps in early May at...
AirPods 3 New Firmware Feature

Apple Updates AirPods 3 Firmware to Version 4C170

Tuesday January 18, 2022 11:46 am PST by
Apple today released a new 4C170 firmware update for the AirPods 3, an update from the prior 4C165 that was made available in December. Apple does not offer details on what's included in new firmware updates for the AirPods‌, so we don't know what improvements or bug fixes the new firmware brings. There is no standard way to upgrade the ‌AirPods‌‌ software, but firmware is...
iPad Air Feature 2 green

New Apple Products Filed in Regulatory Database, Likely Including New iPhone SE and iPad Air

Tuesday January 18, 2022 6:11 am PST by
Apple today filed unreleased iPhone and iPad models in the Eurasian Economic Commission database, as spotted by French blog Consomac. The filings likely represent the rumored third-generation iPhone SE, fifth-generation iPad Air, and potentially more. The unreleased iPhone models have the identifiers A2595, A2783, and A2784, while the unreleased iPad models have the identifiers A2588, A2589, ...
iphone 5g mmwave

U.S. Airlines Warn of 'Catastrophic' Crisis With Impending 5G Rollout, AT&T and Verizon Agree to Delay Around Airports

Tuesday January 18, 2022 10:35 am PST by
Verizon and AT&T's upcoming rollout of new C-Band 5G technology could cause chaos and lead to widespread delays of passenger and cargo flights, major U.S. airlines said on Monday in a letter sent to the White House National Economic Council, the FAA, and the FCC (via Reuters). "Unless our major hubs are cleared to fly, the vast majority of the traveling and shipping public will essentially...
microsoft office icons

Microsoft Releases Office for Mac Update With Full Apple Silicon Support in Excel

Tuesday January 18, 2022 4:15 am PST by
Microsoft has released a new version of its Office for Mac productivity suite that includes an updated Excel app with 100% native support for Apple silicon machines. According to the release notes accompanying version 16.57, Excel will now run natively on Macs powered by Apple's M1-series processors without having to use the Rosetta 2 translation layer, which means anyone using a Mac with an ...
appleeducation

Apple's US Education Store Now Requires Institution Verification to Buy Discounted Products

Wednesday January 19, 2022 2:22 am PST by
Apple is now requiring that customers in the United States verify that they're active students, teachers, or staff members at an educational institution in order to access education discounts on products. Previously, little verification was needed for customers to purchase products through Apple's education store in the United States. Apple's education stores offer models of the iPad and Mac ...
iPhone 14 Mock pill and hole thumb

ProMotion Now Expected to Remain Exclusive to iPhone 14 Pro Models, Not Expand to Entire Lineup

Sunday January 16, 2022 8:56 am PST by
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst. Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
Beyond iPhone 13 Better Blue Face ID

Rumored iPhone 14 Pro Feature Delayed Until Next Year

Wednesday January 19, 2022 3:00 am PST by
Apple's long-rumored under-display Face ID technology will not be coming to the iPhone 14 Pro, according to recent reports. Based on the latest rumors, it now looks unlikely that the 6.1-inch iPhone 14 Pro and 6.7-inch iPhone 14 Pro Max will feature Face ID technology under the display as several reports claimed over the past year. Display industry consultant Ross Young, who often reveals ...