ORLANDO, Fla. – WalletHub researchers found that consumers shopping for the new Apple iPhone 15 can save $981-$1,995 over two years “by picking the right plan.”
Jill Gonzalez, a veteran analyst with WalletHub, told News 6 a no-contract individual plan from Walmart Family Mobile is the best way to get the new iPhone, “beating plans from all three major carriers including AT&T, Verizon and T-Mobile.”
This is an upfront price, meaning no monthly installment payments but for individuals, it saves $995.
For families on a budget, the Boost Mobile family plan offers the most competitive deal for four lines at $3,078.
“More than 1 in 5 people think an iPhone is worth going into debt for, and I am here to tell you it is not, " Gonzalez said. “The best way to save money on a cell phone is to buy a phone that’s at least one generation behind, rather than getting the latest model.”
News 6 found that on average, the Apple iPhone 14 (6.1 inch) was roughly $100 dollars ($699) than the Apple iPhone 15 ($799).
“You can cut your phone cost in half by getting a phone that’s a generation behind while still having almost the same user experience,” Gonzalez told News 6. " Other good ways to save money include buying used phones in good condition or taking advantage of carrier discounts.”
We found installment plans for the iPhone 14 ranging from $15 to $25 a month.
At $25 a month, the buyers must purchase an iPhone 14 512GB on a qualifying 0% APR installment agreement, including taxes on full retail price (up front) and $35 activation/upgrade fee.
A new iPhone 15 with 512 GB (ProMax) is $30.53 a month from Verizon while Best Buy is offering discounts with qualified activation and trade in.
WalletHub also offers a cell phone savings calculator so you can sort out the real cost of a two-year plan.
You can check out the calculator, along with an embeddable infographic comparing the most popular plans, here:
If you have a consumer or investment question, email makeendsmeet@wkmg.com or text the words “make ends meet” along with your issue and email to 407-676-7428.
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