Apple’s Trade Up with Installments grows in Europe
Three countries in Europe are now “trading up with installments” with anticipation that more will be on the way. Apple’s new combined trade-in and financing program is no longer exclusive to the US — if only for a limited time.
France, Italy and Spain are the latest territories to roll-out the scheme, all with the same promise: give your working iPhone (4s or later) in good condition and you’ll pay less for an iPhone SE, iPhone 6s or iPhone 6s Plus over 24 months.
Unlike the US version of the program that is backed by Citizens One Financing, there’s interest on these programs. Over in Spain, Cetelem backs the program for the phones at a nominal 5.85 percent APR. In France, where Sofinco offers the terms, its a fixed 7 percent effective rate across the board. Agos Ducato supports the Italian program where effective rates can range between 9 and 12 percent.
Believe it or not, the deal’s set to last until August 31 and is only available at physical Apple Stores.