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Other Buying out iUP and keeping the 12pro (but staying in iUP with my 13 Pro

A

assquatch

macrumors regular
Original poster
Jul 22, 2021
100
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So I am in the iPhone upgrade program with the 12pro and just got the 13pro as part of the program. I happen to have a friend in need of a new phone who would like to buy out my 12Pro. Can I do this? I want to stay in the iUP, simply pay the loan balance on the 12 so it becomes mine, and continue being in the iUP with the 13 Pro I have now.


I don't see why this shouldn't work, other than potentially tangling up the return process and causing a hassle. Anyone done this or know how to approach it?


Thanks
 
Yes. They are actually two different loans. If you don’t turn in, you still owe. If you turn in, they pay off loan.
 
assquatch said:
So I am in the iPhone upgrade program with the 12pro and just got the 13pro as part of the program. I happen to have a friend in need of a new phone who would like to buy out my 12Pro. Can I do this? I want to stay in the iUP, simply pay the loan balance on the 12 so it becomes mine, and continue being in the iUP with the 13 Pro I have now.


I don't see why this shouldn't work, other than potentially tangling up the return process and causing a hassle. Anyone done this or know how to approach it?


Thanks
Click to expand...
I am in the iPhone upgrade program and when I went to the Apple store on Friday to pick up my new iPhone and trade-in my old one, the specialist gave me the choice of trading in my 12 iPhone or keeping it and the loan. In both scenarios, I would remain in the iUP. So, you should be able to do what you want without a problem.
 
I did this. It actually worked out brilliantly in my favor.

I first paid off my iPhone 12 Pro Max @ $741. Apple then sent me a refund for $154 for the unused year 2 of AppleCare+ with Theft and Loss. I also got a partial refund of $8 for my 11th month. I also didn't have to pay the 12th month (~$50), like you normally would for the iUP in this scenario.

Then I took it directly to the Apple Store, were they gave me $785 Apple Store credit. Note- you cannot use this store/iTunes credit for another iUP loan. I plan on buying a S7 watch with it.

So instead of paying ~$50 for a 12th payment (because the 12 Pro Max came out late last year), and starting the iUP all over again, I "made" about $256, thanks to Apple's unusually high trade in value for the 12 Pro Max.
 
Thanks for the replies. I just went through this and it was painless.

First I called Citizens and they said I would need to call apple to lift the hold on the account (return process was underway)
Next I called Apple and they cancelled the return of my 12 Pro.
Then they patched me through to citizens one (the regular number I would have called anyway) where I explained this and they let me pay off the loan.

Done and done. Took about 10 mins.

I am selling my phone to a friend for 700, and netting ~50 dollars back. I see on FB marketplace they appear to fetch 800 quickly, so we both got a great deal.

I plan to try and do this every year since value of the phone is always greater than the buyout (obviously, or they would not want it back). I pay into the iUP to avoid the annoyance of dealing with FB marketplace/Craigslist people, but if I can find a friend who wants to buy it then that is a win-win.
 
assquatch said:
Thanks for the replies. I just went through this and it was painless.

First I called Citizens and they said I would need to call apple to lift the hold on the account (return process was underway)
Next I called Apple and they cancelled the return of my 12 Pro.
Then they patched me through to citizens one (the regular number I would have called anyway) where I explained this and they let me pay off the loan.

Done and done. Took about 10 mins.

I am selling my phone to a friend for 700, and netting ~50 dollars back. I see on FB marketplace they appear to fetch 800 quickly, so we both got a great deal.

I plan to try and do this every year since value of the phone is always greater than the buyout (obviously, or they would not want it back). I pay into the iUP to avoid the annoyance of dealing with FB marketplace/Craigslist people, but if I can find a friend who wants to buy it then that is a win-win.
Click to expand...
I've been doing this for the last few years. Been on apple upgrade program for last 2-3 years. Friday picked up my 13PM. Saturday sold the 12PM that I had to return to apple. After pay off+1 year apple care + credit that apple lets citizen to deduct from balance my pay out left me with a total of $250 profit. That $250 covered the $211 I paid apple Sep 24 to pre order the 13PM. Which included taxes+first payment of next citizen loan. So basically it cost me nothing to upgrade and get the next iPhone. That's why I upgrade every year. What helps is that iPhones carry the best resale value and with todays inflation because of pandemic resale on iPhone are higher than usual.
 
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Another perk of this process is that it appears you will make the 3% cash back on the payoff. It is showing in my apple wallet.
 
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