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Incentives for iPhone 6S Pre-Orders?

Simply put- will their be any incentives for pre-orders of the iPhone 6S or 6S+ through Verizon?

I was reviewing the math for the Apple iPhone Upgrade plan, and it looks like if you plan to purchase AppleCare+ with the phone, then the difference in costs is negligible, and with Apple you can upgrade after 12 months. While you don't get to keep the phone until you make the 24th payment, it's the same with Verizon anyways- therefore Apple vs Verizon- it seems like the better deal is the upgrade plan with Apple- if you like the flexibility of being able to upgrade when the iPhone 7 comes out next year.

So- will there be any incentives to pre-order through Verizon vice Apple?

Comments

themrsgriz

If I understand correctly, going through Verizon allows you to get a $25/month bill credit if you switch to the Device Payment Plan. So you might as well subtract $25 from the monthly payment listed, meaning you could get the base model for roughly $2/month more than you're currently paying.

Verizon also gives you the phone as soon as you make 24 payments so you can pay it off at the 1 year mark, upgrade to the next model when released, and sell the iPhone 6s

Dridas

All of my phones are off contract (3), and 2 are on device payment. The $25/month bill credit is already on the account, and therefore, if I upgrade through Verizon or through Apple- my bill will increase by the device payment anyways.

It seems doing it through Verizon is actually not financially the best decision, if the intent is to upgrade to the iPhone 7 when it is released next year. It winds up costing an additional $194 to go through Verizon, and perhaps even more, depending on how the taxes are figured. That's why I asked if there were any incentives through VZ for the upgrade, that might match or beat the Apply iPhone Upgrade plan.

Assuming the purchase of an iPhone 6S (16GB) with Apple Care+, the cost after 1 year = $453.96

Same assumption through Apple iPhone Upgrade with Apple Care+ cost after 1 year = $388.92

The $194 cost difference is the cost the difference (453-388) + $129 for the Apple Care+ on the iPhone 7, if purchased through VZ. Keep in mind, that after 12 months through VZ, I'd have to pay off the remaining 12 months, pay taxes again, and purchase the Apple Care+ again. Yes, their would be a trade-in credit, but it'd likely only be about $200 through VZ, but I saw that Gazelle will give $350 for a iPhone 6 that is flawless. That'd cover the device payment for the next 12 months, but doesn't help on the price of Apple Care+.

So, the question still remains- mathematically, for me, the Apple plan seems to work best, and I was curious if VZW was going to join the iPhone upgrade offers and plans that other networks and Apple are putting out there?

Weth

The few scenarios I priced out using a More Everything Plan with month to month discount and 6GB or more of data agrees with Dridas, the Apple monthly plan works out better -- if you are planning to get AppleCare+ and you are planning to get a new phone every year.

bigddy23

Apple care comes with the upgrade program. Your not paying for Apple care. The price of the upgrade includes apple care.

Dridas

Apple Care is an option when you purchase the phone from VZW. I think its a wise choice to purchase the plan, and therefore it is part of my purchasing decision.

Weth

bigddy23 wrote:

Apple care comes with the upgrade program. Your not paying for Apple care. The price of the upgrade includes apple care.

It is important to understand that with the iPhone Upgrade payment program, the price of Apple Care + is built into the monthly cost and is not included for free. If you take the per month cost on the program and multiply by 24, it is the price of the iPhone plus the $129 for Apple Care +

rcschnoor

In my opinion, the Apple upgrade plan DOES NOT make good financial sense if you plan to upgrade every year.

I will use your numbers:

Cost of 16 GB iPhone 6S with Apple upgrade plan after 1 year when you must trade in your device for new one = $390.

Cost of same phone thru Verizon when purchasing AppleCare+ after 1 year = $455.

Keep in mind, IF you are not lucky enough to get your phone EXACTLY 1 yr or less from the date of your previous purchase, you MAY have 1 additional monthly payment to make for your phone bringing your 1 yr cost up a bit higher! Of course, this would only apply to the Apple Upgrade program.

After one year, you trade in the phone with Apple upgrade plan and continue with the same cycle of upgrade/payments IF they decide to continue the program.

After one year with Verizon DPP plan, you pay off your old device to the tune of $325 and THEN sell the iPhone on a site such as swappa.com for the going rate. Just for information sake, the going rate of a 16 GB iPhone 6 in good condition (which the phone you turn in to Apple must be) is currently running $450+ but we will simply say $450 to be conservative. TOTAL 1 yr cost of your iPhone after selling would be $455(1 yr cost) + $325(payoff amount) - $450(sale amount) = $330, $65 LESS than the 1 yr cost of the Apple upgrade program. Of course, I am unsure if AppleCare+ transfers ownership, but if it does, you could most likely get a BETTER price when selling making your 1 yr cost EVEN LESS.

I do not consider LEASING a phone for 1 yr at a cost of almost $400 a good choice, however that is only my opinion.:smileyhappy:

kaebfly

I think the only way any of these leasing plans are worth it is if you intend to keep it until it's paid off or if you want to switch every year but know you couldn't afford to pay full retail at once (or don't have a credit card with zero or low interest to use as your own self financing). I prefer paying up front, and if I want the next years model selling my current one to offset the new phone at full retail. Has worked well for me but my devices tend to look like new after a year or two so I get above average when I sell mine. Definitely more than I see on Swappa and Gazelle. I like that the options are out there though because honestly, putting down $700+ for a phone isn't a small thing unless you have so much money it is like picking up lunch for you lol.

Weth

FYI

Apple Care Plus is tied to the device and can be transferred once to a new owner.

Transfer your AppleCare plan - Apple Support

rcschnoor

Making the option of selling it yourself even MORE attractive!!!

nippbee

I would agree if Verizon wasn't supplementing the purchase of a new phone when your contract is up. I have been told by a salesman at a Verizon store they (Verizon) will pay 25.00 of my 36.00 dollar upgrade to a new Iphone 6s. This would end up costing me roughly 149.00 over two years and with nothing up front. My contract two years ago cost me 199.00 upfront to walk out with my new Iphone 5s. This seems to be a great deal. I totally get it that I cannot trade my phone in every 12 months but I'm fine with that.

nippbee

One problem to that idea is you mentioned paying off the phone after 1 yr... I'm not sure but will confirm this but I'm thinking if you choose to pay off the phone after 1 yr Verizon will not be offsetting the cost for the last 12 payments with the 25.00 per month comp. So let's assume you would owe roughly 400.00 on the new Iphone 6s after 12 months then your total cost would be 400.00 Plus 24.00 you paid already which would be 424.00.

rcschnoor

You are correct that Verizon will not continue giving you a $25/month discount on THAT device after you pay it off. The point of the excercise, though, is that you pay it off and SELL it. Then upgrade to the newest device. The NEW device would NOW be getting the $25/month discount.

Now back to the old device. You would have paid a net $2($27 payment less $25 discount) for 12 months, or $24 as you have stated. You then pay if off to the tune of $325 for a TOTAL cost of $349 so far. NOW you go and sell that phone via swappa.com or some other similar site for $450+. THAT would recoup the amount you paid off plus a bit extra.

VetteBlue

AppleCare Plus still doesn't cover theft though, right? It's just extended warranty and damage protection. Asurion / VZW Insurance covers theft.

Weth

Correct.

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