iOS 18 Now Offers Financing via Affirm After 'Apple Pay Later' Discontinued

If you can't afford to pay cash upfront then you can't afford it period.

And certainly you do not need anything Apple sells.

Paying in installments is extremely expensive and 100% wasted money, and only used by people who'd really need those payment fees and interest payments for more important things

It depends on the conditions. It's stupid to not use installments with 0% APR.

If the item cost 2000, you split the payment in 2 years, you put the 2000 in a saving account and take the money out every month to pay the installments. At the end of the 2 years you will have paid the phone but still have money in the account because you earned interests.

In other words, 0% APR means they are giving you free money. No idea why i should not take it.

If it's not 0% APR then you are right.

It depends on the conditions. It's stupid to not use installments with 0% APR.

If the item cost 2000, you split the payment in 2 years, you put the 2000 in a saving account and take the money out every month to pay the installments. At the end of the 2 years you will have paid the phone but still have money in the account because you earned interests.

In other words, 0% APR means they are giving you free money. No idea why i should not take it.

If it's not 0% APR then you are right.

100% always use someone else’s money for free.

Paying cash is always best

And miss out on the 2% to 5% cash back you get from credit cards and the extended warranty?

[HEADING=2]Goldman Sachs RIP[/HEADING]

Paying cash is always best, but this is alternative for those responsible and is one of the better companies out there. It’s more flexible than Apple Pay Later and the interest is usually low and you can avoid it anytime by paying a purchase off in the app.

I presume when you say "cash" you mean "in full" because my iPhone doesn't have a place to insert bills or coins.

Whenever someone offers me zero percent I take it. Why use my money now when I can use someone else's for free, at least temporarily? And maybe boost my credit score too. My credit score tends to be higher when I take out loans and repay them on time than when I am not taking out any loans or carrying any credit debt. So these short-term loans might not be a bad thing as long as one is not defaulting on them. YMMV.

Does "for as low as 0% APR" mean it could possibly be higher than 0% APR?

APR for Affirm loans range from 0% to 36%. The APR will depend on your credit score, length of loan, and other factors.

https://www.affirm.com/business/partnerships

Payment options through Affirm are provided by these lending partners: affirm.com/lenders. Your rate will be 0–36% APR based on credit, and is subject to an eligibility check. Affirm Pay in 4 payment option is 0% APR. Options depend on your purchase amount, may vary by merchant, and may not be available in all states. A down payment may be required. For example, a $800 purchase could be split into 12 monthly payments of $72.21 at 15% APR, or 4 interest-free payments of $200 every 2 weeks.