How to get a bargain on a new iPhone (and a free cost calculator)

Which of these costs more?

  1. iPhone 5C, 8GB
  2. iPhone 6, 16GB

Trick question: they cost the same amount (£1107 over 2 years) if you choose the right purchase option.

That’s one of the surprises I discovered when I compared the costs of all models, storage sizes, and purchase types (direct / 12m contract / 24m contract).

No shady stuff, no gimmicks or trade-ins – below I set out what I found just by building a little tool to compare all the usual options.

My trusty 4S borked last night after 2.5 years’ service, so I’m wondering (1) whether to stick with an iPhone and (2) if so, which to buy.

Assuming that I want to get another iPhone, there are three main variables:

  1. Model (5C, 5S, 6, 6+)
  2. Storage (8GB, 16GB, 32GB, 64GB, 128GB)
  3. Purchase option (direct purchase, 12-month contract, 24-month contract)

I built a basic cost calculator to help me decide which to buy. You can use it too – link below.

Remarkably, there are some relative bargains available.

Example bargains:

  • iPhone 6, 16GB for the same price as 5C, 8GB (the example given at the top)
  • iPhone 5S, 16GB cheaper than 5C, 8GB
  • iPhone 6, 64GB cheaper than iPhone 5S with 16/32GB
  • iPhone 6 Plus, 128GB cheaper than iPhone 5S, 64GB

Also – in all cases, buying direct from Apple is cheaper than spreading the cost across a contract – so if you have the cash, buy direct.

Here’s the key part of the spreadsheet, and here’s the link to download the calculator (.xlsx file): iPhone comparison calculator – 04-10-14

I haven’t made my mind up yet – but this will stop me overpaying if I do decide on an iPhone.

Enjoy!

~ Todd

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