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Do you own the phone after 24 months (of course assuming you didn't upgrade after the first 12 months) ?
by doe88 11y ago
Do you own the phone after 24 months (of course assuming you didn't upgrade after the first 12 months) ?
- twoodfin 11y agoYes.
- bonyt 11y agoIt looks that way. It seems to be structured as a 24-month installment loan (financed by a third party), with an option at 12 months to trade it in, end the old loan, and start a new one.
- mikhailt 11y agoYes, you can read their legal agreement to learn about how this works. This is effectively a 0% loan for 24 months, once paid off, it is yours. If you choose to upgrade after a year, Apple will pay the rest of the loan and you get a new loan again.