How a lot is the iPhone 15?
If you would like an iPhone 15, brace your self—these top-of-the-line telephones include sky-high costs:
iPhone 15: begins at $1,129
iPhone 15 Plus: begins at $1,229
iPhone 15 Professional: begins at $1,449
iPhone 15 Professional Max: begins at $1,749
How have you learnt if it’s value the price of upgrading out of your present cellphone? Do you have to watch for iPhone 15 costs to return down (as they ultimately will), purchase an older mannequin just like the iPhone 14 as an alternative, or make the leap and get the newest expertise ASAP?
The brief reply is that it depends upon your price range, preferences and different components. Right here’s what to think about before you purchase the latest iPhone.
Introducing iPhone 15 Professional, iPhone 15, Apple Watch Collection 9, and Apple Watch Extremely 2. All that and extra information from the #AppleEvent.
— Apple (@Apple) September 12, 2023
How will you purchase the iPhone 15 collection?
The iPhone 15 collection shall be accessible beginning Sept. 22, however you may pre-order now. You’ve got two choices: purchase your cellphone outright (from Apple, a mobile phone supplier or one other retailer) or make month-to-month funds (sometimes over two years).
Shopping for an iPhone 15 from Apple
When you purchase a cellphone straight from Apple and go for month-to-month funds, you’ll pay curiosity at 7.99% over 24 months. For an iPhone 15, the month-to-month fee together with curiosity could be $51.05, for a complete of $1,225.35 over 24 months. For the priciest mannequin, the iPhone 15 Professional Max, the month-to-month fee could be $79.09, for a complete of $1,898.26 over 24 months. When you choose to improve the storage and/or add AppleCare+ protection, your month-to-month price will go up.
Shopping for an iPhone 15 from a mobile phone service
When you purchase a cellphone by way of a cell service supplier, you possible gained’t pay curiosity (0% APR), however you’ll have to join a cellular contract. You may additionally need to put down a part of the cellphone price upfront, relying on the supplier. For instance, Fido requires $690 down for the iPhone 15 (and extra for the opposite fashions), whereas Rogers, Bell and Telus require no upfront fee for any of the iPhone 15 collection telephones.
A few of these mobile phone carriers provide upfront reductions of some hundred {dollars} in case you comply with return the cellphone in two years. This can be a superb possibility in case you change telephones each couple of years already.
What about Rogers’ new Equal Cost Plan?
For purchasers who plan to purchase their cellphone outright, with no month-to-month cellular contract, Rogers just lately launched its Equal Cost Plan—a mobile phone financing plan with no curiosity charged so long as you make the funds on time.
To be eligible, you need to pay for the system utilizing a Rogers Financial institution bank card (just like the Rogers Mastercard) at a Rogers, Fido or Shaw branded retailer. You’ll be able to select from two fee plans: 36 months (three years) or 48 months (4 years), and your funds shall be as much as 50% smaller than in case you had a 24-month (two-year) fee plan. Be aware that this isn’t a reduction. Your new cellphone will nonetheless price the identical, however you get extra time to pay it again. You even have the choice to repay the debt in full any time.
Are you able to afford to improve your cellphone?
The price of a brand new system could be costly, particularly in case you’re signing on to a fee plan that fees curiosity. And, after all, you’ll must issue within the month-to-month price of your cellular plan. This might add one other $100 or so to your month-to-month invoice—possibly extra, relying on what options you select.
Be trustworthy with your self—does shopping for a brand new cellphone make monetary sense? “The costs for all 4 of those new iPhones are properly over $1,000,” says Amber MacArthur, a Canadian tech knowledgeable, podcaster and writer. “For lots of people, that’s a fairly steep funding.”