Financing iPhone 16? 7.99% Isn’t Bad!

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u/LemonSqueezed · Joined Oct 2024

7.99% APR sounds high, but the real cost is lower than you'd expect. Tap the chart to see—it’s only 5.77% more after 2 years compared to paying upfront.

Last update Oct 2024
  • Scenario 1: Pay Over 24 Months at 7.99%
  • Scenario 2: Pay Upfront
  • Which One Is Higher (%)

Tap the chart to see how financing compares to paying in full. When you factor in the purchasing power of your money, the real cost is only 5.77% higher after 2 years—much lower than the APR suggests.

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How is Cash Value calculated?

To calculate total purchasing power over 24 months, early payments are adjusted for inflation since they’re worth more. Later payments are ‘cheaper’ in real terms, and the final adjusted total shows how financing reduces the actual cost.

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