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If you weren’t aware of yesterday’s annual Apple Event taking place, we’re sure you would have heard about it from friends, family and colleagues today. Many Britons are questioning why the price of the new iPhone 11 is considerably more expensive when purchased on the UK site, than on the US site. 

 

 

Above are the iPhone 11’s prices, based on the US and UK Apple websites. We chose the same colour iPhone and 128GB memory, and yet the difference in price is, well, noticeably different. Even converted from USD to GBP, the $749 is £606.68. Some argue that its the beginning signs of BREXIT, some say that its just the exchange rate and others argue that the US price doesn’t include tax, but the UK price does. 

Here are some iPhone purchasing hacks to help you save money on their upcoming product release: 

  • Wait a few weeks – based on previous product launches, the price of iPhones will reduce after launch and the market settles. So resisting FOMO (Fear Of Missing Out) and holding onto your money for longer, won’t burn too much of a hole in your wallet. 
  • Is The Latest Model a Necessity? – just because it’s the ‘new shiny toy’ to play, ask yourself, ‘Do you really need it?’. If the answer is ‘No’, then you’ve answered your question about the iPhone 11. If you have said ‘Yes’, we suggest you start saving or request more information from our Smart Money Experts on our Personal Loans
  • Avoid Paying For Extra Storage – The price difference alters considerably when your increase your iPhone storage eg. iPhone 11 64GB = £729 | 128GB = £779 | 256GB £879. If you don’t want to pay into the hundreds for your phone storage, alternatively, you can purchase 1TB of iPhone Cloud Storage for £6.99 per month. 
  • Finance Your iPhone 11 – Apple offer an iPhone Payments Scheme that allows you to spread the cost of your new phone over 20months, interest-free. Rather than having a large upfront cost disappear from your bank account and you suffer a mini heart attack during the process, this is a great alternative. 
  • Trade In Your iPhone – if you currently own an iPhone and are looking to receive money off your new mobile device, you can trade in your phone to Apple to help reduce the overall cost. Ensuring that it functions correctly, all the buttons and cameras work, the body itself is scratch and dent free, and the touchscreen and back glass isn’t damaged, you’re good to go! 

The new iPhone 11 will be available to purchase from the 20th September 2019, but you can pre-order from 13th September (this Friday).

 

Need the funds to fuel your iPhone addiction? Apply for our Personal Loans here