How To Save Over $300 on Your New iPhone Purchase
Written by
Caitlyn Moorhead
Edited by
Melanie Grafil
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Budgets are tight, so of course extravagances get ruled out when making your shopping list, but what about necessities? When it comes to buying a new phone, it’s not a question as to whether or not you need it, but rather which one you can afford. You may have ruled out getting a new iPhone due to the hefty price tag, but you should look into how much money you can save on one before completely dismissing the idea.
See Also: 6 Genius Things All Wealthy People Do With Their MoneyÂ
Quick Take: How To Save Money On a New iPhoneÂ
Before you buy an iPhone, no matter if your carrier is AT&T, T-Mobile or Verizon, make sure you familiarize yourself with just how much money you can save on each model first. There are many different options or promotions available through the carriers themselves, however, here are some tips to save $300 or more if you are just walking into a store to buy a new or new-to-you iPhone:
- You can save anywhere from $200 to $650 if you buy your new iPhone from the Apple store in-person or online by trading in your older model iPhone. The older model needs to be an iPhone 11 or higher.Â
- Best Buy offers the chance to get $1,000 in credit from either AT&T or Verizon promotions when you trade in qualified phones.
- New iPhones might not be your best bet as pre-owned or refurbished iPhones can save you hundreds of dollars when purchasing a new phone. For example, a pre-owned iPhone SE can come in around $479 whereas a new iPhone 15 is $799, so you would save over $300 by going with the former.
How Much Do New iPhones Cost?
If you are short on Apple gift cards but want to get the best phone in your price range, not only should you comparison shop amongst major retailers but also amongst the phone models themselves. The feature you need or want in a phone could be available in an older version with the same capabilities.
What New iPhones Currently Cost
| New iPhone Model | Retail Cost |
|---|---|
| iPhone 14 | Best Buy: $729.99 Monthly payment option: $30.42 with 24-month financing Apple: $699.00Monthly payment option: $29.12 per month for 24 months |
| iPhone 14 Plus | Best Buy: $829.99 Monthly payment option:Â $34.59 with 24-month financing Apple:$799.00Monthly payment option:$33.29 per month for 24 months |
| iPhone 15 | Best Buy: $929.99 when you upgrade $829.99 with a new line or account Monthly payment option: $25.84 with upgrade per month for 36 months with AT&T Installment Plan$23.05 per month with a new line or account for 36 months with AT&T Installment Plan Apple: $799.00Monthly payment option: $33.29 per month for 24 months |
| iPhone 15 Plus | Best Buy: $1,029.99 when you upgrade $ 929.99 with a new line or account Monthly payment option: $ 28.62 with upgrade per month for 36 months with AT&T Installment Plan$25.83 per month with a new line or account for 36 months with AT&T Installment Plan Apple: $899.00Monthly payment option: $37.35 per month for 24 months |
| iPhone 15 Pro | Best Buy: $1,299.99 when you upgrade $1,999.99 with a new line or account Monthly payment option: $36.12 with upgrade per month for 36 months with AT&T Installment PlanHas 0% APR payment option Apple: $999.00Monthly payment option: $41.62 per month for 24 months |
| iPhone 15 Pro Max | Best Buy: $1,399.99 when you upgrade $1,299.99 with a new line or account Monthly payment option: $38.89 with upgrade per month for 36 months with AT&T Installment PlanHas a 0% APR payment option Apple: $1,199.00Monthly payment option: $49.95 per month for 24 months |
Final Take To GOÂ
There is always an element of keeping up with the Joneses when it comes to having the newest iPhone on the market. Getting a new iPhone is great, but make sure you research where you can shave a few or hundreds of dollars off your purchase before you check out. Saving over $300 on your next iPhone purchase can set you on the right path to achieving your other financial goals.Â
FAQ
Here are some answers to frequently asked questions about how to save money on your new iPhone.- Should I upgrade to the iPhone 15?
- Upgrading is not always necessary as the latest and greatest model might not be that much of a difference in capabilities, but more expensive in price. Essentially, whether or not you upgrade is a matter of personal preference and financial situation.
- How many iPhone 15 models are there?
- There are currently four iPhone 15 models on the market: iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
