In a surprise move, Apple has brought back 24-month financing options for the iPhone just in time for the launch of pre-orders for the iPhone 13.
When Apple unveiled the iPhone 13 mini, iPhone 13, iPhone 13 Pro and iPhone 13 Pro Max on Tuesday, the tech giant also cut all financing options for the iPhone to just 6 months. This resulted in substantial monthly payments across the board.
For example, the iPhone 13 Pro costs $ 233.16 per month with a six-month payment plan, while the iPhone 13 Pro Max costs $ 258 with a six-month payment plan. Now, however, Apple has reversed that change.
the iPhone 13 Pro now costs $ 58.29 per month for 24 months with a financing plan, while the iPhone 13 Pro Max costs $ 64.54 per month. All iPhone 13 financing plans also have an annual percentage rate (APR) of 0 percent. It is important to note that the 0 percent APR offer will likely only be available for a limited time.
In fact, all iPhone models, including the iPhone 13 series, iPhone 12 series and even the iPhone SE, have 24-month financing. Some reports indicate that Paybright system is down or very slow due to the influx of people trying to buy the iPhone 13 series.
It’s unclear why Apple reversed this decision or why it even cut financing plans to six months in the first place. Similar to Samsung’s various financing options, a 24-month payment plan makes it much easier to bypass purchasing the iPhone 13 through a carrier plan if you’re not looking to buy the device outright.
Apple’s various iPad models, including the new iPad mini, are still subject to 6-month financing options. For more information on carrier availability for the iPhone 13 series, follow this link.
Via: @cwlco