iPhone 8/Plus Apple Upgrade Program

[GForensic]

Hello All,

Question. I am almost a year into the Apple Upgrade Program with my iPhone 8+. I have recently started a business and have switched my personal account with Verizon to a business account. With a business account you get no activation fees, no upgrade charges etc.....so my question is does anyone know if you can just give the iPhone back to Apple and get your loan wiped out? As much as I like Apple's program Verizon has pretty much the same program and it would be more beneficial for me to start getting the phones through Verizon. Any input would be most helpful.

Thanks!!

 

[shyam09]

No. You have to pay off your loan.

If you are looking to start upgrading through Verizon as soon as possible, I would suggest either paying off the existing iPUP loan now and flipping it (you'll get a better resale value if you sell now) or if you don't mind waiting a year, keeping the phone until you pay it off next year (since the iPUP loans are 24 month loans) and flipping it then. You could also trade your phone in, but you won't be getting a similar value compared to selling on Swappa or something.

I'm not familiar with Verizon's program, so I can't state anything on that.