You could actually end up spending more if you enroll in the upgrade program. The cheapest, 64-gigabyte iPhone XS Max costs $54.08 per month so, after 24 months, that adds up to nearly $1,300, or about $200 more than the $1,099 you would have paid upfront.
However, the upgrade program includes damage protection through AppleCare+, which otherwise costs an additional fee. Plus, if you decide to upgrade after a year of making monthly payments, you’ll be getting a new phone after only having paid for around half of the full cost of the XS Max.
For many consumers, like those who plan to upgrade to a new iPhone every year, it’s a tempting offer. But the program is only open to those with credit scores good enough to qualify.