What You Should Know About New Lease Program for Apple (AAPL) iPhone 6s and 6s Plus -

What You Should Know About New Lease Program for Apple (AAPL) iPhone 6s and 6s Plus  Apple (NASDAQ: AAPL) unveiled the iPhone 6s and iPhone 6s Plus on Wednesday along with a new leasing program that could appeal to the most tech-hungry customers. Customers can pre-order the new iPhones starting this Saturday, and the devices will ship starting Sept. 25. With a contract, the iPhone 6s will start at $199 for 16 GB. The iPhone 6s Plus starts at $299 for 16 GB. But for people who want to switch phones and don’t have the cash upfront, Apple introduced a leasing option for the first time. The new “iPhone Upgrade Program” allows customers to pay Apple $32.41 to $44.91 a month, depending on the model, until a new phone is released. That’s when you exchange your old device. The monthly payment for the iPhone 6s Plus starts at $36.58 a month. Available only at Apple’s retail stores in the U.S., customers can choose a phone carrier and get an unlocked device, with the “opportunity” to get a new iPhone annually and the AppleCare+. That protection program mainly offers up to two years of hardware repairs and coverage for up to two incidents of accidental damage. Apple is following the trend among carriers in moving away from the standard two-year contract. AT&T Next allows qualified customers to pay the sales tax upfront for their new phones plus a monthly payment; or customers can make a 30 percent down payment for a lower monthly installment. Under AT&T’s program, the larger your monthly installment payments, the earlier you get a device upgrade (from one to two years). T-Mobile offers Jump on Demand, which lets you upgrade three times per year, though that may be less appealing because Apple releases new iPhones about once a year. Mike Gikas, Consumer Reports senior electronics editor, said he’s is not convinced by the new program. “The leasing program may seem like Apple is doing consumers a favor, but it’s really an effort to ensure people buy new phones or continue paying more for the old one if they decide to hold on to it,” Gikas said. The better deals are those that separate the purchase of the phone from the service charges, effectively giving you an interest-free loan you can pay off in about two years, he said. “When you’ve paid off the phone, your monthly bill goes down accordingly,” Gikas said. “And there are no termination fees; if you want to leave the carrier, you just pay any remaining balance on the phone.” Consumer columnist Elisabeth Leamy said Apple’s program is reminiscent of auto leasing deals. “It’s a decent deal if you’re one who simply must upgrade to the latest, greatest gadget as soon as it comes out. But if you’re like me and you keep your phones — and your cars — for years, then you’re probably better off buying instead of leasing,” Leamy said. Apple’s program seemingly costs customers a minimum of $388.92 a year for the least expensive iPhone 6s model. “Buying a phone is about $650, so it pays for itself in less than two years and then you get to keep it for free for years beyond that,” Leamy said. Apple said the program is available to “qualified customers only with a valid U.S. personal credit card.” The program requires a 24-month installment loan with Citizens Bank and iPhone activation with AT&T, Sprint, T-Mobile or Verizon. Also of note, the introduction of the new devices lowered the prices of older models. The iPhone 5s will be a free device with a contract, and the iPhone 6 will start at $99. Apple said it sold 47.5 million iPhones in its third quarter of this year, a record for that period from April through June, the company announced in July.

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Former Uber Driver In California Granted Unemployment Payments

Former Uber Driver In California Granted Unemployment Payments

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While a decision by the California Employment Development Department only affects one employee and their claim for unemployment benefits, it’s yet another official declaration from a government agency that the people who drive for Uber have an employer-employee relationship with the company, which in theory should entitle them to benefits that employees receive: reimbursement of vehicle costs, having the employer’s portion of their income taxes paid, and receiving unemployment benefits when their employment with the company ends involuntarily, if appropriate.

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Long-Term Tester Update: I Don’t Ever Want to Give It Back

Long Term Tester Update: I Don’t Ever Want to Give It Back

For those of you who haven’t been keeping track, I’m now a little over one quarter of the way through my 24-month Fiesta ST lease. It’s hard to believe that I’ve had the car this long, but it’s true. I just clicked past the six-thousand-mile mark on the odometer, and I’m just about to make payment number seven, so I’m driving it a little less than I’m permitted to by my lease. That being said, I have driven it more than double the amount of miles that I’ve put on my Boss 302 during the same timeframe.

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