Every time Apple unveils a new iPhone, many shoppers start thinking about ways to cut costs on older devices. With inflation still a concern for lots of households, watching spending is more important than ever. If you’re tempted by a new iPhone but uneasy about the price tag, this guide will walk you through ways to save on earlier iPhone versions now that the iPhone 15 has arrived, plus tips for snagging a deal on the latest handset.
How to Cut Costs on Older iPhone Models
One of the fastest ways to reduce what you pay for an older iPhone is to wait for the automatic markdowns that follow a new iPhone launch. Apple typically lowers prices on previous models — often by roughly $100 — to make room for the newest lineup.
Below are several tactics to consider when hunting for a discounted older iPhone:
1. Buy Officially Refurbished iPhones
Apple sells certified refurbished iPhones through its online store and retail locations. At present, Apple’s refurbished assortment includes models up to the iPhone 13. These phones undergo extensive testing and repairs and include a warranty, making them a dependable pick. They might not be the freshest models, but they often function like new and represent substantial savings compared with brand-new units. Discounts vary by model.
2. Check Carrier Promotions and Trade-In Offers
Carriers such as Verizon, AT&T and T-Mobile frequently present special promotions and trade-in programs around a new iPhone release. Occasionally you can score a free phone when activating a new line. These offers can cut the price of older models or provide credit when you swap in your current phone for an upgrade. It’s worthwhile to contact your carrier and review their latest deals.
Apple’s site provides a concise comparison of current carrier offers on many iPhone models. Moving your new device to a more economical carrier could lower your monthly wireless bill too.
3. Purchase from Authorized Retailers
Authorized merchants like Target and Walmart often run promotions on older iPhones. For example, Target has discounts when you pay with a Target RedCard, with savings varying by model. Keep tabs on their online and in-store offers, particularly around a new iPhone launch.
4. Use Online Marketplaces
Marketplaces like eBay, Swappa and Gazelle are solid spots to find used or older iPhones at reduced prices. Swappa, for instance, lists older refurbished models starting around $100. Exercise caution and verify the seller’s reputation — inspect the device’s condition and request background details when possible before buying.
How to Hunt Down the Best iPhone Bargains
Finding top iPhone deals online takes diligence and some legwork. Here are strategies to help you spot the best offers:
1. Keep an Eye on Apple’s Official Store
Apple sometimes runs site-wide promotions during events like Black Friday. Check Apple’s store periodically to see whether older iPhones receive additional discounts as holiday shopping ramps up.
2. Compare Prices Across Sellers
Leverage price-comparison sites, apps and browser extensions such as Honey and Capital One Shopping to quickly compare prices across retailers. This approach helps you find the best deal on the exact iPhone you want without manually checking every store. Remember to include extra perks like free shipping or extended warranties when comparing.
3. Sign Up for Deal Alerts
Subscribe to deal-alert newsletters or follow tech deal communities like Apple Insider to be notified about time-limited discounts on iPhones. These sources often surface limited promotions that can help you save.
4. Consider Certified Pre-Owned Models
Certified pre-owned phones from trustworthy sellers can be economical. These devices are inspected, refurbished and certified to function properly, and they frequently come with warranties for added confidence in your purchase.
5. Watch Seasonal Sales
Big retailers hold seasonal sales — Black Friday, Cyber Monday and back-to-school events — that are prime times to pick up older iPhones or accessories at steep discounts.
How to Save on the iPhone 15
If you’re determined to get the iPhone 15, we get it — the latest model is appealing. The iPhone 15 starts at $799 for the 6.1-inch base model and $899 for the 6.7-inch iPhone 15 Plus. While Apple’s newest devices command a premium, a few savvy moves can make them more affordable.
1. Trade In Your Existing iPhone
Trading in your current phone is a straightforward way to lower the cost of an iPhone 15. Apple and many carriers provide trade-in credits that depend on your phone’s model and condition, and those credits can substantially reduce the price of the new device.
2. Use Carrier Subsidies
Many carriers discount the upfront cost when you sign a new contract or switch providers. These subsidies can meaningfully cut the initial expense; compare offers from different carriers to find the most favorable terms for your situation.
3. Opt for Financing
If a lump-sum payment isn’t workable, explore financing plans from Apple and some carriers. Apple’s installment options let you pay over a number of months, often interest-free, spreading out the cost to improve monthly affordability.
4. Join Apple’s Upgrade Program
Apple’s Upgrade Program is tailored for those who prefer to stay current without a large upfront expense. You can obtain a new iPhone, including the iPhone 15, and pay in monthly installments starting near $39.50 per month. The program permits yearly upgrades and includes AppleCare+, giving you warranty coverage and prioritized support.
How to Save on iPhone Accessories
Besides saving on the phone itself, you can cut costs by choosing accessories wisely. A few practical tips follow:
1. Choose Third-Party Accessories
While Apple accessories are renowned for build quality, third-party options often provide similar functionality for much less. Consider non-branded cases, screen protectors and chargers to keep costs down without sacrificing usefulness.
2. Look for Accessory Bundles
Some stores sell bundles that include essentials like cases, screen protectors and earbuds bundled with a phone purchase. Bundles can be cheaper than buying each item separately.
3. Think About Wireless Charging
If your new phone supports wireless charging, investing in a charging pad might be worthwhile. Although the initial purchase can be pricier than a cable, it can save you money over time by reducing cable replacements.
Bottom Line
The launch of the iPhone 15 makes this a great moment to hunt for bargains on older iPhone models. Whether you choose Apple-certified refurbished devices, leverage carrier promotions, or search online marketplaces, numerous routes exist to secure a quality iPhone at a lower price.
To maximize savings, be patient, compare options and research thoroughly. Factor in trade-in values, carrier incentives and accessory bundles. With a careful approach, you can enjoy an iPhone experience that fits your budget.
For more context on upgrading and whether it’s worth it, see new iphone 14 apple watch ultra are here should you upgrade.
Jordan Haverford is a money-conscious writer who focuses on practical tips for saving and stretching your budget. Their work also appears on Savinly, Smart Wallet, FinanceBuzz and other personal finance sites.
