I think if anyone can afford to buy it outright, it’s silly to get a credit agreement and have a credit search for nothing. Yes it’s a bit more of a pain to sell to Mazuma or something but I personally think the benefits outweigh the negatives.
Someone feel free to correct me but let's say you buy the £999 iPhoneX:
If you buy outright:
You sell it after 12months for maybe £800 (example)
Next iPhone is £1000 again, you pay £200 and you have the newest phone
If you go down the 20month payment iUP option:
- Pay £69 to join iUP + 11payments of £56.45 = £689.95
- Choose early upgrade when iPhone X2 comes out
- Pay £69 again + agree to new loan repayments
- Give back iPhoneX and walk out with iPhone X2
(In theory, you're paying almost £700 a year with this but the phone isn't yours + you're paying for AppleCare+ which you might not want)
Or get to month 11 and keep paying the £56.45 for another 9 months which is £508.05, then the phone is yours.
Financially, buying outright always tends to work out cheaper but most people can't afford to do that.
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