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.

Source: Apple (FR, ITES)
Via: iMore

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.