The iPhone 7 and iPhone 7 Plus are finally available to buy, but before you pay full price for Apple’s latest über phone, we’ve got the scoop on how you can get your next iPhone for free, assuming you have a fully functional iPhone 6 you can trade-in.
The Magenta Network has one of the most straightforward iPhone 7 deals: Trade in your iPhone 6, 6 Plus, 6s, or 6s Plus and get the entry-level iPhone 7 32GB for free. Alternatively, you can opt to get the iPhone 7 Plus 32GB for $120. This offer is only valid for customers who’ve already paid off their current iPhone. (Or new customers who own their iPhone). Essentially, T-Mobile will give you a $650 credit split over the span of 24 months which you’ll use to “pay off” your new iPhone 7. If you own an iPhone 5 series smartphone, you’ll only pay $250 for the new iPhone 7 or $370 for the iPhone 7 Plus 32GB.
Verizon’s iPhone 7 deal is very similar to T-Mobile’s; trade-in your iPhone 6 series smartphone and a receive a $650 Verizon credit that you can then use to “buy” your new iPhone 7 32GB over the span of 24 months. If you want a model with more storage or an iPhone 7 Plus, you’ll pay the difference over the span of 2 years. Again, the offer is valid for new or existing customers.
Sprint’s iPhone 7 deal is similar to that of its competitors. However, there is one small difference. Sprint lets you trade in any iPhone 6 series phone or a Samsung Galaxy S7 or Galaxy S7 Edge.
It’s worth noting that each of these promotions basically ties you into a 2-year contract. The $650 credit is distributed over the course of 24 months. If you leave early, the credit disappears and you’re on the hook for whatever portion hasn’t been paid yet. However, if you’re faithful to your carrier, the deals are actually better than what you can get via sites like Gazelle, which is offering $164 for a “flawless” iPhone 6 16GB or $242 for a “flawless” iPhone 6s 16GB.
As always, read all the fine print before you sign off on anything and remember that the carriers have the final word on how much you’ll get for your iPhone. In other words, an iPhone 6s with a cracked screen and visible scratches probably won’t get anywhere near the $650 credit.
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