Apple and US Telecom Carriers roll out lucrative buying schemes for new iPhone Models

After the spectacular launch of its flagship iPhone 7 and iPhone 7 Plus models on September 7 at San Francisco, the focus has now shifted on which are the most lucrative schemes on offer to buy or upgrade to the latest iphone models.  

An overview into the different buying schemes rolled out by Apple and fellow American telecom carriers in the US telecom market - 

Apple's Pricing Scheme (US Markets)
 
iPhone 7

32GB  priced at $649
128GB priced at $749
256GB priced at $849

iPhone 7 Plus 

32GB priced at $769
128GB priced at $869
256GB priced at $969

Note - All contract-free prices.

iPhone Upgrade Program

 1. Customer already on the program and looking to get the new phone, have to choose the 'Upgrade' option on the payment screen and schedule an in-store pickup, as Apple must inspect the phone before replacing it with a new one.

2. The real advantage with the loan option, is being able to trade in your iPhone after 12 payments and get the new one, starting the 24-month cycle a new. The program starts at $32.41 a month for the cheapest iPhone 7

3. Loan program without 'Apple Care' and the annual trade-in, also financed through Citizens One, in the event one wants to pay for an unlocked phone in monthly installments.

4. A two-year contract from Apple is also on offer, and can be financed through a loan with Citizens One Bank. The program starts at $32.41 a month for the cheapest iPhone 7.

Apple Store Mobile App

 1. A very handy platform to speed up your buying time as Apple's website tends to hang due to the countless requests flowing in all  at the same time.

 2. Smoother platform as it helps in bypassing the web store rush.

 3. Facilitate the customers with multiple purchase options, like the iPhone Upgrade Program or AT&T's Next installment plan.

Lucrative Carrier Deals

T-Mobile 

1. T-Mobile will simply reimburse you $650 split up over the course of 24 months, effectively wiping out the cost of the iPhone 7when bought with the company's Jump monthly installment plan.

2. If one wants to own the phone outright before those 24 months are up, one needs to pay T-Mobile the outstanding balance, so think of it like a contract under a different name.

3. Customers can also pay a little more upfront to get a model with more storage or to get the iPhone 7 Plus instead of the standard model.

4. iPhone 7 32GB for free to any customer who traded in a iPhone 6 or a later model. It's not a complete no-strings-attached  deal.

Sprint's Upgrade Option 

1. Payment for the new phone can be made upfront.

2. Reimbursement of $650 over two years for trading in an iPhone 6 or later.

3. Samsung Galaxy S7 or S7 Edge can also be accepted under the offer.

Both AT&T and Verizon have trade-in deals for new phones, but no stand-out promotions for the iPhone 7.

So in a nutshell, there are a plethora of options which the brand loyal Apple customers can avail to get their dream iPhones.