Tag: Sean Seshadri

Many may be baffled to find out the different ways that iPhone owners purchase their phones. Some are not paying the high price, or they are getting help to pay the hefty price. As of right now, there are two new iPhones on the market: The iPhone XS ($999) and XS Max($1450). Many have a savings account or bank cd that they can dip into in order to finance their new iPhone, but what about those that want to get their hands on the smartphone and aren’t financially equipped to pay full price? Fortunately, this article will cover the best ways to finance your new iPhone. If you aren’t sure how financing through a third-party company works, read this interview with Sean Seshadri to get a better understanding. Sean Seshadri is a financial expert offering up great advice, even for new iPhone users.

Apple Financing

Yes, Apple does financing. You are able to apply a loan to the product of your choice, this case an iPhone and pay it off within 12 months. There is also $0 interest if approved. Be careful to not try and pay it off earlier because interest and other fees can pile up. Try to do Apple financing with Barclays.

Personal Loans

A personal loan is for the times where you need to pay out for a rather large expense such as a car, education, home repairs if not covered by insurance, etc. Personal loans can range from $1,000 up to $50,000. You can get the phone, a computer, a new car, accessories, start a business. Just make sure to read the fine print, understand your credit score, and ensure that you can make monthly payments. See some of the best personal loans of 2018 here. Some of the companies will approve you within a few minutes and some can a few business days.

Finance through your carrier

If the financing route did not work with Apple or the personal loan, try your current mobile carrier. You are able to get financing through Verizon, AT&T, Sprint, and T-Mobile, and your new phone loan will be added to your monthly bill. Read the fine print here too, but most carrier’s that offer financing will allow 24-month interest-free, but you may still have to make a one-time payment at the time of purchase.

Go with a new carrier

Some phone owners are committed to their carriers no matter what and switching can cause unnecessary problems and headaches. Major mobile carriers have an on-going deal for new phones. “Switch today and get two for one, or half off.“ Most will sweeten the deal with a trade-in offer or will have you sign a contract for a couple or so years. For instance, T-Mobile has a $0 down offer for approved customers with $300 of your new iPhone. Verizon is offering deals not only the new clients but current clients as well. They are offering a $100 minimum trade-in and the to save up to $700 off your bill if you purchase a second iPhone.

iPhone trade-up program

Do you already have $899 or $1350 ready to go, but need a few extra bucks for the purchase? Do you already own an iPhone or another smartphone? Apple has a trade-up program where your trade in your old device and can receive up to $525. The good thing about this program is it does not only apply to Apple, but other carriers have a similar offer. Of course, the trade will depend on the model and the condition of the phone. Newer models give a higher trade value, but it’s worth a shot for smartphones that you or a friend are no longer using.