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out with the OLD, in with the NEW?!....Apple makes changes to iPhone 'trade-in' program.....
Posted by: NewtonMP2100
Date: June 29, 2016 07:09AM
.....biggie is that the iPhone that you get will no longer be unlocked but locked to the carrier since they will be financing now.....they've also changed it to 'trade-up' instead of 'trade-in'.....

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.

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....

TRADING places.....?!


I reject your reality and substitute my own!
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Re: out with the OLD, in with the NEW?!....Apple makes changes to iPhone 'trade-in' program.....
Posted by: cbelt3
Date: June 29, 2016 08:49AM
TL/DR: Apple has more money than most huge banks, decides "Heck with it, we don't need no stinking Banks !" (I misread. Speedy is right. Back to the Locked Into the Carrier model...)

Edited 1 time(s). Last edit at 06/29/2016 09:11AM by cbelt3.
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Re: out with the OLD, in with the NEW?!....Apple makes changes to iPhone 'trade-in' program.....
Posted by: Speedy
Date: June 29, 2016 08:54AM
No, more like the old plan was making our partners unhappy so we'll let them go back to screwing their customers again.

Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

Edited 1 time(s). Last edit at 06/29/2016 08:55AM by Speedy.
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Re: out with the OLD, in with the NEW?!....Apple makes changes to iPhone 'trade-in' program.....
Posted by: GuyGene
Date: June 29, 2016 09:43AM
No way will I ever get another carrier locked iPhone!

That old man - he don't think like no old man...
Now I wouldn't want to be within 400 - 500 yards of one of them nuclear bombs when it goes off! WW1 Vet Old Man
"He's pinned under an outcropping of rock. Lucky for him, the rock kept the dirt from burying him alive."
If idiots could fly, this place would be an airport. And I'd be a TSA agent.
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