The Apple Upgrade Situation

The final measure of any financial negotiation is the feeling of whether or not you got a “deal”. That prior sentence… makes no sense. I wrote “measure,” and then six words later I wrote “feeling”. A feeling is never a measure, but yet, when you hand over your hard-earned money to buy a thing, you’ll feel better because you believe the value received is higher than the dollars paid. Too abstract. Here’s a good example: I have felt since it was announced that the Apple iPhone Upgrade Program has not just been a deal, but a steal. The specifics: You apply for a loan for a full-price iPhone at 0%. If approved, your payments are split over 24 months. Pay for 24 months, and the phone is yours. That was just the deal; the steal was that it was low effort every single year to get a new phone. I’d re-up for a new phone, and Apple would forgive the remaining payments of the loan because I’d signed up for another 24 months. Oh, and bonus, AppleCare was included, which was a total steal because…