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6 WAYS TO SAVE MONEY ON YOUR NEXT IPHONE PURCHASE
We all know Apple phones come with a hefty price tag. Their most expensive phone, the XS Max starts at approximately $1,000 to date. But don’t worry if you want a cheap iPhone, there are ways you can still get the Apple phone you want without burning a hole in your pocket.
Here are 6 useful tips to help you get a cheap-iPhone.
1. Opt for a Smaller Phone
Bigger phones with more storage capacity tend to be on the expensive side. If you want to save more, opt for a basic model that can still do the job for you.
If you want to buy new iPhone XS with a storage of 64GB then it’d cost you roughly $999 while the 256GB variant is roughly $1,149, which is $150 more. By opting for the iPhone XS 64GB over the XS Max, you will get to save $100.
2. Choose an Older Model
The best time to purchase a cheap-iPhone is in the month of September when they normally announce the new models and older ones are available at a discount, you can find the best mobile phone deals during this time. After Apple announced their XR, XS, and XS Max, they dropped the price of its predecessor iPhone 8 which went from $699 to $599.
The second-hand mobile phone market typically gets an influx of used iPhones during the time of new releases, which considerably drives prices down.
3. Buy During a Promotion
Big-ticket electronics have become popular holiday gifts as stores typically drop their prices for occasions like Cyber Monday and Black Friday. And the prices continue to stay low throughout the entire holiday season.
Fall is an important time to save but if you are looking to get your hands on a cheap-iPhone, than keep a tab on all promotions year-round.
4. Opt for a Payment Plan
It’s a better idea to purchase the iPhone instead of leasing it because then you are able to trade or sell it and use the value to buy a new phone. If you are hesitant to cough up the full amount upfront or cannot afford to pay the full cost, opt for monthly installments.
Apple, just like another major carrier, has its own monthly payment plan. With some agreements, you will be able to upgrade to a new Apple phone after you have cleared off a certain percentage of the product’s sale price or after a certain period of time.
The iPhone Upgrade Program from Apple covers the cost of the phone and coverage plus AppleCare. This includes software support and repairs, which spreads over 24 months with zero interest. Their program will also allow you to turn in your old device and upgrade to a new one once you have completed 12 payments. This will help you save some cash because monthly payments are typically lesser than the retail price.
If you are in the habit of purchasing a brand-new iPhone every year, your best choice would be to opt for an upgrade plan. Take your time to shop around as it will help you find the best payment plan or carrier that suits your personal needs.
5. Consider a Pre-Owned iPhone
Refurbished or used phones, in general, tend to have a stigma around it but if you buy it from a trustworthy seller, they can actually be very reliable, not to mention insanely affordable. Used doesn’t always mean the product is lesser in function quality. iPhones that are well cared for by the previous owner will come with a lot of life left.
Most refurbished phones are available with a grading system to help buyers understand the difference. The precise grading may differ from seller to seller, but here is an outline of some generally accepted definitions.
Grade A: Close to mint condition. The iPhone should look and feel brand new.
Grade B: Comes with minor (cosmetic) damage like small chips, light scratches, etc without affecting the functionality of the phone.
Grade C: Clear signs of use, with visible wear.
Before you make your purchase from a third-party reseller, you should make sure the phone is compatible with your carrier and is not still under contract, broken, or stolen item.
6. Trade-in or sell your old iPhone
If you won’t be using your old phone as a backup, trade it in or sell it off. This may add a few hundred dollars to your existing budget. It doesn’t matter whether it is in the form of cash, credit, or gift card because you can apply any of these toward purchasing your new iPhone. If you don’t mind the hassle, it will be more profitable for you to sell off your old phone instead of trading it in because it will get you more money.
You can get an estimate of your trade-in or resale value through your carrier or through Apple.