Cost to Upgrade a Phone
The cost to upgrade a phone can vary significantly depending on the carrier, the specific upgrade program, and the device being upgraded. Here’s a detailed breakdown of the potential costs involved in upgrading a smartphone:
1. Carrier-Specific Upgrade Programs:
AT&T Next? and AT&T Next Every YearSM:
- To be eligible for an upgrade, you typically need to pay at least 50% of your device’s cost plus an additional monthly fee (e.g., $6/month with AT&T Next UpSM). Alternatively, you can pay off 80% of your device cost under AT&T Next? or 50% under AT&T Next Every YearSM before trading in your financed phone.
- If you haven’t reached the required payment threshold, you can make a single payment to become eligible for an upgrade.
Apple iPhone Upgrade Program:
- With this program, you can get a new iPhone every year after making 12 payments. The monthly payments start from approximately $39.50 for base models like the iPhone 16 and increase based on the model chosen (e.g., up to around $70.75 for the iPhone 16 Pro Max).
- The total cost over two years would be equivalent to the full price of the phone divided into monthly installments.
2. Trade-In Value:
- When upgrading, many carriers offer trade-in deals where you can receive credit towards your new phone based on the condition and model of your current device. This trade-in value can significantly reduce the overall cost of upgrading.
3. Additional Costs:
- Depending on your plan and any promotional offers available at the time of upgrade, there may be additional fees or requirements such as maintaining an active account status or paying off any remaining balance on your current device.
In summary, while specific costs will depend on various factors including carrier policies and device choice, upgrading a phone generally involves either paying off part of your current device’s cost or entering into a new financing agreement with monthly payments that can range from approximately $39.50 to over $70 per month depending on the model selected.
Top 3 Authoritative Sources Used in Answering this Question:
1. AT&T Official Website:
This source provides detailed information about their specific upgrade programs, eligibility requirements, and associated costs for upgrading devices.
2. Apple Official Website:
Apple outlines its iPhone Upgrade Program clearly, detailing payment structures and eligibility criteria for customers looking to upgrade their devices annually.
3. Consumer Reports:
This organization offers insights into various mobile plans and upgrades across different carriers, helping consumers understand costs associated with upgrading phones comprehensively.
