We can’t argue with the fact that purchasing an iPhone is always costly. No doubt it offers comparatively better investment than similar gadgets in terms of software, value, and hardware support. But the cost of this phone is tough even to swallow.
Whether you hate or love Apple gadgets, you always look forward to its latest launch. Every year Apple introduce a new iPhone at a jaw-dropping price. But its price never affected its sales as Apple fanatics buy the latest phone without thinking twice as they want to be iPhone owners.
This is because owning this phone is considered a luxury. Every individual thinks of buying it and enjoying the classic iPhone. But these phones are fully capable of disturbing your finances for months and wobbling your budget.
As not every person can pay for its high cost, they apply for installment loans for bad credit from direct lenders only. But if you don’t want to pay the total price of an iPhone, then you can save up money on your next version.
If you have decided to make this purchase, then instead of trying your hand on an older Apple version. Buy the latest one at a lower price. How? Keep reading to learn more.
How can you save up money on the latest version of the iPhone?
We already know that iPhone is not cheap. It comes in a different array of colours and designs with an extortionate price tag every year. Apple fanatics go beyond degrees to own the latest version of gadgets irrespective of their cost.
If you would like to save money on your next iPhone purchase, you will have to be strategic and keep patience, and most importantly, follow the below tips to make it happen.
1. Avoid buying aniPhone on a contract
Due to the expensive cost of the iPhone, most buyers opt for contracts that usually range from 1year to 3 years or even longer. You are paying a lot of funds in this way or more than the actual cost of the phone.
When you purchase an iPhone in a contract, you pay the monthly repayment along with interest. Also, if your monthly payment is calculated on the basis of the iPhone cost and its tariff, then you end up paying money even after the end of the contract.
2. Consider buying it outright
You should buy this handset with cash upright. Use your savings (not emergency funds) or apply for instalment loans for bad credit from direct lenders only. This loan can be used for making this purchase outright.
Also, there are many retailers who give discounts to people who buy iPhones outright. This is because not every person can meet this high cost from their pocket.
3. Grab the 0% interest offer
Apple often launches 0% finance on their latest version of handsets. You can only find it on their website or in Apple stores. You just need to take a photo along with your ID with the fee scheme that Apple launches. You can bag 20 months of free interest, but this offer keeps coming and going.
You need to keep checking this offer wherein you are not required to pay extra interest charges for 24 months.You can save an adequate amount on your next iPhone purchase.
4. Purchase from abroad
This option won’t work in every person’s case. But if you have planned a vacation in the coming future, then try to wait till then to make a good saving on your iPhone.
There is a substantial difference in the cost of the iPhone abroad, where you can easily save $100 or even more. This also depends on the model you opt for.
5. Exchange your old phone
The last year’s iPhone prices have dropped by $120. If you are fine buying an old version, then good to go. If you don’t want to settle for an older version, then exchanging your old iPhone with the new one is another option.
If this iPhone is your first Apple product, then you can sell your existing phone to the retailer or someone interested in buying your old handset. This way, you can save money on your first iPhone cost.
6. Identify the best time to buy
Apple mainly announces their latest version of the handsets around September every year. Try not to buy the iPhone during this period as all the handsets will be offered zero discounts. Once the stock sells and they refill with the new at a decent rate, then grab your favourite variant in the iPhone lot.
Consider shopping around with several sellers during the holiday period. You will save a lot of money on your iPhone purchase and get the best of the best deal during that time.
7. Rethink the storage
If you make adjustments in the storage part, you can save up money buying your iPhone. People hardly use128 GB on their phones. If you lower the storage need, the price will be comparatively less than variants with 512 GB.
Apple products hold value for longer periods which is why considered a better investment deal than other gadgets coming in a similar line. This is one of the primary reasons why many apply for instalment loans for bad credit from direct lenders only in the UK to purchase iPhones upfront.
If you want to save money on your next purchase, then you have to be realistic about space usage. Most people don’t need storage of 128 GB, and paying for 512 GB doesn’t make any sense.
iPhone 12 provides the same swiftness and is probably the best version for many. Therefore you cannot justify paying extra money for the storage.
You can also think of buying the other old model or a refurbished one. But if you don’t want to settle for less than a new handset,then consider all the above factors before making your next or first iPhone purchase to save a considerable cost on it.