You'll save by buying used, picking the right payment plan and knowing the best times to find a promotion.
IPhones don’t come cheap. The iPhone XS Max, Apple’s most expensive phone to date, starts at $1,099.
But if you’re on a tight budget, there are ways you can save money on an iPhone. Here are a few tips.
1. Choose a smaller phone
Larger iPhones and those with more storage capacity are more expensive. You can save considerably by opting for the basic model over a beefed-up version.
A new iPhone XS with 64GB of storage retails for $999 from Apple, while the 256GB XS is $150 more, at $1,149. You’ll save $100 by picking the 64GB iPhone XS over the larger iPhone XS Max with a longer battery life and the same storage capacity, which is priced at $1,099.
2. Buy an older model
One of the best times to buy an iPhone is in September, when new models are typically announced and older ones are discounted. After the iPhone XS, XS Max and iPhone XR announcement in September 2018, Apple dropped the price of the previous generation iPhone 8 from $699 to $599.
Used technology marketplaces tend to get an influx of old iPhones around new releases, which drives prices down.
3. Wait for a promotion
Cell phone carriers and electronics retailers offer some of their best iPhone deals during the holiday shopping season, particularly around Black Friday, the day after Thanksgiving. For example, Best Buy’s 2017 Black Friday sale included the iPhone 8 and iPhone 8 Plus for up to $200 off with qualified activation on select networks.
best iPhone deals around Black Friday.nd savings, but keep your eye out for promotions year-round.
4. Pick a payment plan
Purchasing a phone, rather than leasing, gives you the ability to eventually sell or trade it and put the value toward a new phone. But if you can’t afford the full cost, or don’t want to cough up the entire amount upfront, consider paying for your iPhone in monthly installments. Apple and every major carrier have their own monthly payment plans. Some agreements allow you to upgrade to a new phone after a certain amount of time or once you’ve paid off a specific percentage of the phone’s sale price.
Apple’s iPhone Upgrade Program spreads out the cost of the device and AppleCare+ coverage — which includes repairs and software support — over 24 months with 0% interest and lets you turn in your existing phone and upgrade to a new one after 12 payments. Monthly payments for the iPhone XS start at $49.91, so after 12 payments, you’ll have paid $598.92 — that’s about $400 less than the phone’s retail price.
An upgrade plan may be best if you get a new iPhone every year without fail. Shop around and pick the carrier or payment plan that best suits your needs.
5. Buy a pre-owned iPhone
Buy a pre-owned iPhone Used or refurbished phones often have a stigma attached, but when purchased from a trustworthy seller, they’re actually reliable — and affordable — options.
“We offer high quality refurbished Apple products and other electronics at a discounted rate! Check out our deals at www.JemJem.com ” Jay Kim, CEO of JemJem, a marketplace for used technology.
At the time of this writing, we spotted an unlocked 32GB iPhone 7 Plus in excellent condition for $329 on jemjem. The same model sells for $569 new at Apple. If you can handle one with a few minor imperfections, like scratches or dents, you’ll likely save more. Before you buy a device from a third-party reseller, make sure it’s compatible with your carrier and isn’t broken, stolen or still under contract.
6. Sell or trade in your old phone
If you don’t need your previous device as a backup, sell it or trade it in. You might end up with a few hundred dollars in cash, gift cards or credit that you can apply toward a new iPhone. You’ll typically get more money for selling a phone rather than trading it in, Edwards says, but it may be more of a hassle.
Estimate the resale or trade-in value of your device through Apple, your carrier or trusted sites like JemJem.
Buy used, save big
jemjem makes it safe and easy to save money buying gently used technology for home and family.