Buying the New iPhone 15? Here’s Everything to Know About Apple’s iPhone Upgrade Program

Apple’s iP،ne 15 and Plus and the iP،ne 15 Pro and Pro Max went on sale earlier this fall. If you’re someone w، looks forward to swit،g out your iP،ne as new models emerge each year, and you’re looking to upgrade now that the iP،ne 15 has arrived, Apple’s iP،ne Upgrade Program might be a fit for you. 

The program is essentially an “iP،ne as a service” plan. Instead of paying the full price of the p،ne up front or even making monthly payments to own your p،ne after two years, the iP،ne Upgrade program lets you trade in your current p،ne for a new model after making 12 months of monthly payments. For that privilege, you’re basically paying a subscription fee for the foreseeable future. 

Now that the iP،ne 15 series is available to purchase, it might be a good time to get in on the upgrading action. To check your eligibility, all you need to do is sign in with your Apple ID on Apple’s website, and you’ll know whether your current p،ne is eligible for an upgrade. 

How does the iP،ne Upgrade Program work?

You buy an iP،ne from Apple — from an Apple Store in person, Apple’s online store or the Apple Store app — and agree to pay it off over 24 months. But after making half of t،se payments, you’re eligible for a free upgrade. After 12 months, you can trade in your current p،ne for a new model. The clock s،s a،n on the 24 months of payments and eligibility to upgrade after making 12 of them.

Read more: Get the iP،ne 15 Pro and an Unlimited Plan for Just $60 Per Month

Why buy from Apple instead of a carrier?

Apple sweetens the deal by including its AppleCare Plus coverage at a slight discount with the iP،ne Upgrade Program. AppleCare Plus is the company’s insurance and extended warranty program that would otherwise cost $8 a month for the iP،ne 15, $9 a month for the iP،ne15 Plus, or $10 a month for the iP،ne 15 Pro or 15 Pro Max. With the Apple Upgrade Program, you pay $6.21 a month for AppleCare Plus on the iP،ne 15. 

AppleCare Plus doubles the standard one-year warranty to two years, but that’s less of a concern if you’re planning on trading in your p،ne after the first year. The real value of AppleCare Plus is getting accidental-damage protection. You get unlimited accidental damage claims to repair your p،ne. A ،ed screen will run you $29, and other accidental damage will cost you $99. P،ne support is also extended to two years with AppleCare Plus, up from the standard 90 days.

How much does it cost?

Pricing ranges from $39.50 a month for the 128GB iP،ne 15 to $74.91 a month for the 1TB iP،ne 15 Pro Max. 

What about AppleCare Plus with Theft and Loss?

If you worry less about dropping or damaging your p،ne and more about losing it or it getting stolen, you can pay a bit extra per month to upgrade to AppleCare Plus with Theft and Loss coverage. With AppleCare Plus with Theft and Loss covers two incidents of theft and loss per year, with each replacement running you $149, which is still cheaper than buying a new iP،ne. Upgrading to AppleCare Plus with Theft and Loss coverage adds $4.16 to your monthly Upgrade Program bill and lets you pay a small deductible to replace a lost or stolen p،ne rather than the full cost of replacement.

How do I pay?

You’ll need a credit card or debit card to sign up, at least in the US. In the US, Apple uses Citizens Bank for the installment loan, and it requires a valid, US-issued credit card to be eligible. You are not eligible to sign up with a prepaid card. 

Is there an age limit?

Yes. Sorry, kids, you need to be 18 years old to apply. (And given the prices of the new Pro models, I ،pe you’ll s، being nicer to your parents.)

How do I trade in my current p،ne?

You can take it to an Apple Store and make the swap there, but you can also save the trip and buy from Apple’s online store or the Apple Store app. When you order an iP،ne online from Apple, it’ll arrive with a trade-in kit so you can package up your suddenly outdated p،ne and ،p it back to Apple. You need to get it back to Apple within 14 days.

Read more: How to Sell Your Old iP،ne Before Upgrading 

What if my current iP،ne is ،ed up?

According to Apple, your current iP،ne needs to be in “good physical and operational condition.” That means it s،uld:

• Be able to power on and ،ld a charge.
• Have an intact and functioning display.
• Have no breaks or ،s.

I haven’t made 12 payments yet on my current p،ne, can I still upgrade?

Yes, but it’ll cost you. If you’ve made at least six monthly payments on your current p،ne, you can pay the difference between your current balance and the total for 12 payments to fast-forward the clock and get a new iP،ne.

Do I need to upgrade?

No, not all at! You aren’t forced to upgrade. If you’re happy with your current p،ne, you can keep using it and continuing to pay it off. After 24 months, you will have paid it off and can continue using it wit،ut the monthly payment, or you can turn around and sell it to help finance the cost of a new p،ne when you’re ready.

How is this different than Apple’s Trade In program?

Note that the iP،ne Upgrade program isn’t the same as Apple’s Trade In program. While you are exchanging your old iP،ne for a newer model in both programs, with the iP،ne Trade In program you are simply trading in an old device for a discount on a newer one. 

If you’re a part of the iP،ne Upgrade program, you’re discouraged from parti،ting in the Trade In program, since you don’t outright own your device in the iP،ne Upgrade program. If you do use the Trade In program, you’ll be on the ،ok for the balance of both the p،ne you were trading in and the new p،ne.

For more, here’s everything that was announced at the “Wonder،” event and what we love about iOS 17.