Other Apple financing: early upgrade or no early upgrade incentive?

[NM08SRT8]

Looking to purchase through Apple this year instead of Verizon since they’ve lost their mind and went on 36 month contracts while still requiring 50% to be paid off before a yearly upgrade.

I see there are two options for payments with Apple. Both 24month, one is about $10 more a month to upgrade early after 1yr. I was just curious why the extra $100+/- ish just to upgrade early? And wanted to make sure this was the only option if I wanted to upgrade early?

Last, if I intend on upgrading early but the new iPhone (15 pro?) isn’t worth a upgrade to me personally, am I going to be stuck with a +$10 extra payment each month to finish out the 24mo contract term? Not sure I feel like overpaying for a phone I’m already overpaying for 🤣.

This is probably a concerns someone has had before and I’m just a noob coming on board with apple so it’s all new to me.

Thanks everyone!

 

[sjperformance]

That's iPhone upgrade program which include apples care.

 

[NM08SRT8]

Ah, that explains it the. Essentially them making you pay up front to protect their phone.

 

[SupremeMayo]

Ah, that explains it the. Essentially them making you pay up front to protect their phone.

Also helps if you break the phone during the time you’re on the program, you are still guaranteed the trade in.