Using Apple Financing/Monthly Installments with returns and upgrades

[imrazor]

I recently purchased a mid-range M4 Mac mini with Apple Monthly Installments. I'm still within the extended holiday return period, and was pondering returning the device and using the money recouped to buy an upgraded mini (probably M4 Pro.) Graphics performance isn't quite where I want it to be; I'd characterize it as adequate for my needs. But I would like to future proof my purchase, inasmuch as that's possible.

How would this work? I've already made one payment, so I'm not sure how much that would complicate things. Also, if the mini is going to be relegated to an email/office role it might make sense to downgrade it. Would that be handled in the same way, or become even more complicated?

If it makes a difference, the mini was bought at a brick and mortar Apple Store.

 

[kitKAC]

Wouldn't you just return it and get your money back? What do the T's & C's of Financing plan say?

 

[FreakinEurekan]

How would this work?

I presume it would.... work ¯\_(ツ)_/¯

The exact "How" isn't really critical to know up front... not like a particular method would mean you don't upgrade and another method means you would. Just do what you need to do, let the finance company take care of the finance details (Goldman Sachs or whomever, depending on the country).

 

[imrazor]

I know my request may seem a bit obtuse. It's just that I've been in situations before (with less costly devices) where returning a financed device for an upgraded version resulted in my being charged for both. And not being a lawyer or an accountant, trying to read the 'fine print' often just results in confusion and a headache. I was simply trying to see what the experience of others had been when returning and re-financing an Apple device had been.

 

[Aka757]

You should just get refunded the amount you’ve paid thus far on your financed device. The new purchase would basically be a separate transaction then.

 

[CharlesShaw]

And the 3% Daily Cash paid "all up front" will be recouped by a charge to your Apple Card.