How to Save Money On Your Next iPhone Purchase
You’ve probably seen the headlines about the looming tariff-induced price hikes for many goods Americans are accustomed to buying, including iPhones.
If you’re an Apple product user, you may wonder: Should I buy a new device before the temporary pause on phone and computer tariffs ends?
The answer isn’t a straightforward yes or no.
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We’ll help you decide whether a new iPhone should be in your immediate future or whether you should save your money for now. We’ll also offer tips to make your next phone purchase cheaper, regardless of the tariff situation.
How tariffs can affect iPhone prices
Tariffs are taxes imposed on imported goods. Since many iPhones come from China and the United States has slapped the highest import taxes (up to 145%) on that nation, it’s understandable that Apple enthusiasts are worried about skyrocketing prices.
Shareholders are also concerned, and Apple stock has dropped 16% since early April 2025 amid tariff talk.
Currently, elevated tariffs for cell phones and computers are suspended. However, device prices could soar when the pause ends if the US and China haven’t reached a trade deal by then.
Should you buy a new iPhone?
(Image credit: Getty Images)
It may be tempting to run (not walk) to your nearest Apple store and buy a new iPhone, but the big question you should ask yourself is: Do I really need one?
Pull your phone out of your pocket and take an honest look at it.
Is it several years old and barely functioning? If so, a new unit may be in order.
But if you’re like many Apple product fans, you eagerly purchased the latest iPhone soon after it was released. Meanwhile, the device you bought the year before still functions perfectly. While wanting the newest (and potentially best) model is understandable, your buying habit costs you a lot of money.
Let’s say you bought the latest iPhone for $1,000 in 2023. Then, you did it again in 2024. When you divide the purchase price by 12, your phone costs you around $83 per month — not including your service contract or accessories, like a protective case or AirPods.
Now, let’s say you only bought a new phone in 2023. When you spread the purchase price out over two years, your monthly cost drops to around $42.
Delaying your new phone purchase for three years results in just a $28 monthly price tag. While the difference isn’t a life-changing sum, it could mean more wiggle room in your budget or cash to invest.
Keep your iPhone longer
Your phone was built to last for several years, but if you have concerns about its potential longevity, there are many things you can do to extend its useful life, such as:
- Not using your device in extreme heat (when possible)
- Unplugging your phone when it’s fully charged
- Replacing your battery every few years (much cheaper than buying a new unit!)
- Updating your apps and the operating system regularly
- Cleaning the outside gently to prevent eroding the coating on the protective shell
It can also help if you’re willing to do a little troubleshooting and basic DIY maintenance when something isn’t working quite right.
For instance, you could cure poor battery life by cleaning the charging port or remedy subpar sound quality by cleaning the speaker.
How to save money on an iPhone
If you can’t (or really don’t want to) postpone getting another phone, there are several things you can do to stay within your budget and maintain communication with the outside world, including, but not limited to:
Making a trade
Due to price increases on new devices, your older model iPhone could be in demand and worth more in trade than you think. For example, if you go through the Apple Trade In program, you can get up to $630 for an iPhone 15 Pro Max.
Haven’t bought a new phone in years? Even an iPhone 8 is worth up to $45 in trade. If you’re willing to part with your current unit, you could turn it into Apple and apply the value to the cost of the new device.
Choosing a downgraded model
The top-tier option of each iPhone release offers attractive perks, such as:
- A bigger screen
- A fancier camera
- A faster processor
- More storage capacity
But do you really need those features? Would you notice their absence in your day-to-day phone use? Compare models to assess the functionality at each level.
If you’re willing to forgo some bells and whistles, you can get a new device and save a bundle. For instance, the iPhone 16e (base model) starts at $599, while the iPhone 16 Pro Max (top-of-the-line version) starts at $1,199.
Buying used
If you have your heart set on a specific model, you can still save up to 15% when you buy an Apple Certified Refurbished iPhone.
Apple goes through the device with a fine-toothed comb before putting it up for sale, replacing the outer shell and battery.
The company also guarantees the device’s functionality with a one-year limited warranty and ensures it comes with the same cables and accessories as a new unit.
You may be able to get a better deal through a different vendor. However, the phone may not come with the same (or any) warranty.
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