At a thousand dollars a year, you can just buy the latest iPhone. Maybe not the Pro Max, but the Pro model. Edit: actually the trade in probably covers enough

At a thousand dollars a year, you can just buy the latest iPhone. Maybe not the Pro Max, but the Pro model. Edit: actually the trade in probably covers enough to get to the pro max, even after including the various Apple Arcade and iCloud subscriptions. Edit 2: they already have an AppleCare plus annual upgrade program. This is probably that plus Apple sponsored financing of the original phone.