How to save money when you buy a new iPhone



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Apple iPhone XS and iPhone XS Max

Andrew Evers | CNBC

To quote Kenny Rogers, "You must know when to hold them."

While the price of high-end iPhones has exceeded $ 1,000, there are many interesting options that cost less if you're ready to hang your current device a little longer.

If you want to save money, look for sales, buy refurbished phones or just show your patience. Apple provides excellent software and hardware for several years phones and most users do not need any new features.

Expect

Customers line up in front of the Apple store located at Regent Street, London, for new iPhone models.

Arjun Kharpal | CNBC

The best thing to do at the moment is to wait for the purchase of a new iPhone. Apple is expected to introduce new models in September, which means it will lower the price of older phones. If you do not need the latest technology, you can save money by buying this year's model at a lower price.

Apple, for example, still sells the iPhone 7 and the iPhone 8. It is possible that the iPhone 7 disappears and that the iPhone 8 falls to its lowest price so far . If it still sells this year's iPhone XS, iPhone XR and iPhone XS Max, their price will also drop. The only reason not to wait, is if you are negotiating one. But more about this later.

Buy refurbished

The portrait mode of the iPhone 8 Plus camera is fun! Here is my dog.

Nina Raja | CNBC

Consider buying a refurbished iPhone. It is often a phone that has been repaired and repaired but is not brand new. Apple has an entire section of its site dedicated to refurbished products, all of which are still covered by a one year warranty. You will not find the latest models of iPhone XS or iPhone XS, but it does not matter because Apple keeps its old phones updated with the latest software.

A refurbished iPhone X with 256GB of storage costs $ 899, a significant discount from the $ 1,149 it cost when it was launched. Or again, the iPhone 8, which you can have remodeled for $ 729 – $ 120 cheaper than buying it new.

Waiting for sales

A man holds the Apple iPhone XS and XS Max during a product demonstration following the launch of the Apple at the Steve Jobs Theater in Cupertino, California on September 12, 2018.

Stephen Lam | Reuters

Apple does not usually sell on iPhone, unlike other stores. Best Buy regularly offers discounts to iPhones throughout the year, including Black Friday. At present, it offers a $ 100 discount on the iPhone XS Max if you activate your new phone on Sprint, AT & T or Verizon. The retailer periodically sells other Apple products. Earlier this month, there was a birthday sale, and you can probably expect something similar around Labor Day.

Exchange your old phone

BGR.com indicates that the device on the left is a mock-up of the iPhone 8. It's on an iPhone 7 Plus right.

Source: Zach Epstein, BGR

If you own your phone, that is to say that you do not owe anything on a payment plan, you can redeem your iPhone for the cost of a new one. Amazon, Best Buy and other online retailers will tell you how much they are willing to pay for your old device. Apple also accepts exchanges. If you are trading an iPhone 6, for example, you can get an iPhone XS for $ 849, a $ 150 discount. Apple increased the value of its exchanges last November, while an iPhone 6s was worth only $ 75 for a new phone.

Sell ​​your old phone

Finally, if you think you can offer more for your old phone than Apple, Best Buy or Amazon, you can try to sell it. I've had the best chance using Swappa, where you can set a price and see if people are willing to pay what you believe is worth it. The site also tells you the selling price of similar models so you know the rate in effect.

It all depends on the model. The iPhone 6 is currently selling for between 110 and 150 USD. If you own an iPhone 6, it is better to trade with Apple and use this money to buy a new phone. This is once you will not want to wait anymore, because Apple may reduce the amount it is willing to pay for an old phone once the new models are available.

WATCH: Here is the bull and the bear for Apple


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