How Much Will the iPhone X Cost on Apple's Upgrade Plan?

By Rhett Jones on at

Three new iPhones were debuted by Apple on Tuesday, and despite how you swore yesterday that you’d be skipping this generation, you’re now considering spending a shedload of money on a fancy new device. This is what the expensive new iPhones will cost you with the Apple Upgrade Programme.

If you’re unfamiliar with Apple’s programme, the idea is that you pay Apple directly and it’ll give you a no-interest loan for a new unlocked iPhone that you pay back in 20 monthly installments. For iPhone lovers who plan to stay in the Apple universe, this can be convenient because every 12 months you can upgrade to the new phone and the 20-month loan starts over. Before the introduction of the iPhone X, pricing for the new devices was pretty steady but Apple’s kicked it up a notch this year with its top model going for £1,149.

Here’s the monthly price breakdown for the new iPhones:

Those prices also include the AppleCare+ coverage that extends the phone’s warranty to 20 months and offers damage replacement for a £79 fee (screen-only damage is £25).

Is it worth it? We know that mobile carriers have stayed pretty close to Apple's pricing in the past, so it seems likely that they'll continue to do so. Besides, you might find it more convenient to just deal with one bill every month.

The biggest downside of Apple’s Upgrade Programme is that you're locking yourself into the iPhone for almost two years. If you own the phone outright and something better comes along, you have the freedom to trade up. Lifehacker has run the numbers before and found that if you keep your phone in good condition and sell it annually, you’ll probably save more money than when you trade it in every year. But you might not have the upfront cash to do that at the moment.

Another thing to keep in mind is that the major carriers are making a lot of changes these days and you don’t know what will be around the corner.

The biggest recommendation for going with Apple’s Upgrade Programme is that it’s pretty simple. If you’re lazy, you just want the new iPhone every year, and you don’t have the cash right now, it’s fine.

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