Upgrading to a new iPhone is always an exciting process, but there’s one aspect that’s never fun: the cost. Apple’s latest crop of smartphones are the company’s most expensive yet, with the iPhone 8 starting at $699, the iPhone 8 Plus at $799, and the iPhone X at a whopping $999. Ouch! And that’s only for the base 64GB model—if you want more storage, the 256GB version will cost you more ($1,149 for the iPhone X, $949 for the iPhone 8 Plus, and $849 for the iPhone 8). Toss in an extra $129 to $149 for AppleCare+, and we’re suddenly dealing with some serious sticker shock.

To help cushion the blow, Apple rolled out the iPhone Upgrade Program two years ago, which allows customers to make monthly payments on their iPhone instead of buying the device in full up front. Even better, the program allows you to trade in your phone for a new one after 12 payments—which means you can get the latest and greatest iPhone every year, if you’d like. 

Apple is continuing its iPhone Upgrade Program for the iPhone 8, iPhone 8 Plus, and iPhone X, but there are some changes to the way you sign up for the program this year. Read on for all of the details.

iPhone Upgrade Program: How much are the payments?

This program allows you to upgrade to a new iPhone every year by paying monthly installments directly to Apple via a third-party loan. Here’s the cost breakdown: 

iPhone 8:

  • 64GB: $34.50 per month
  • 256GB: $40.75 per month

iPhone 8 Plus:

  • 64GB: $39.50 per month
  • 256GB: $45.75 per month

iPhone X:

  • 64GB: $49.91 per month
  • 256GB: $56.16 per month

iPhone Upgrade Program: Does it include AppleCare+?

The cost of the iPhone Upgrade Program includes Apple Care+, which would be an additional charge of $129 for the iPhone 8 or $149 for the iPhone 8 Plus and iPhone X if you were to pay for the phone in full up front. With AppleCare+, you get two years of hardware repair coverage starting from the original purchase date of your iPhone. You get two incidents of accidental damage coverage, which lets you fix your screen for $29 or repair any other damage for $99. 

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