Difference between Apple and Tmobile trade in: (Ive done both in the past)
Example: your iPhone 14 Pro Max and your trading in for a 15 Pro Max
Financed by Tmobile through Apple.com:
- $1199 15 Pro Max - $200 deposit --> $999 - $650 Trade in of 14 PM = $350
- Tmobile gives you $350 worth of credits divided by 24 months
- In the end, the 15 Pro Max will show up in your tmobile account and cost $0 monthly because the phone costs $14.58 a month but youre getting $14.58 a month in credit ($350/24)
Financed by Tmobile through Tmobile:
- $1199 15 Pro Max
- Tmobile believes the fair value of your 14 Pro Max is $500 (just an example, they might say anything here)
- So once you shipped your 14PM trade in, a $500 credit comes to your tmobile account. So your regular bill of idk $165 a month will show -$500 now.
- Now Tmobile will give $1199-$500 = $700 in credits
- So in the end, the 15 Pro Max will show up in your tmobile account and cost $21 a month because the phone ($1199/24) costs $50 a month but youre getting $29.16 a month in credit ($700/24).
SO it comes out to about the same in the end. Just depends on which method you prefer. I do know that Apple is more strict on the condition of the traded in phone vs tmobile who is more lenient.