Apple has created a new hybrid of its iPhone Reuse + Recycle Program and iPhone Upgrade Program, allowing users to trade-in their old iPhone and then pay for a new model in installments, USA Today reports. The new program, dubbed “Trade Up With Installments,” can cost users as little as $15 per month depending on the iPhone and other smartphone models involved, and it allows users to trade in an older iPhone or even an Android or Windows phone.
iPhone models as far back as the iPhone 4 can be traded in, and the report estimates that users will pay about $15 per month for each step up in model, with an interest-free term lasting for 24 months, similar to Apple’s current direct iPhone Upgrade Program. The report provides examples, indicating that users could pay $14.54 to $14.58/month to move from an iPhone 6 to an iPhone 6s or from an iPhone 4 to an iPhone 5s, or at the other extreme, $35.37/month to move from an iPhone 4 to a 128GB iPhone 6s Plus.
The program is expected to be available in U.S. Apple Stores today.
