{"id":35706,"date":"2024-09-20T17:15:51","date_gmt":"2024-09-20T09:15:51","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=35706"},"modified":"2024-09-20T18:15:47","modified_gmt":"2024-09-20T10:15:47","slug":"ways-afford-new-iphone","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ways-afford-new-iphone","title":{"rendered":"What Is The Smartest Way To Buy An iPhone?"},"content":{"rendered":"<p>For the first time, Apple has decided to release the new iPhone 16 model in Malaysia at the same time as the United States.<\/p>\n<p>Hardcore Apple fans who have pre-ordered and scheduled an in-store pickup on launch day on September 20 were able to get their hands on their shiny new purchase at Malaysia&#8217;s first Apple Store at The Exchange TRX.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where-can-you-pre-order-the-iPhone-16\"><\/span>Where can you pre-order the iPhone 16?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For other Apple fans, there is no need for FOMO if you missed today&#8217;s date. You can always head to Apple Malaysia&#8217;s official website to order at your convenience.<\/p>\n<p><a href=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65244\" src=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16.jpg\" alt=\"iPhone 16\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16.jpg 1200w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16-300x157.jpg 300w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16-800x419.jpg 800w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/20174552\/iPhone-16-768x402.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p>You can also pre-order the iPhone 16 through the list of Apple Authorised Resellers below:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.machines.com.my\/\" target=\"_blank\" rel=\"noopener\">Machines<\/a><\/li>\n<li><a href=\"https:\/\/shop.switch.com.my\/\" target=\"_blank\" rel=\"noopener\">Switch<\/a>, Urban Republic<\/li>\n<li><a href=\"https:\/\/www.itworld.com.my\/\" target=\"_blank\" rel=\"noopener\">iTworld<\/a><\/li>\n<li><a href=\"https:\/\/www.senq.com.my\/\" target=\"_blank\" rel=\"noopener\">Senheng<\/a>, senQ<\/li>\n<li><a href=\"https:\/\/www.tmt.my\/\" target=\"_blank\" rel=\"noopener\">TMT<\/a><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ways-to-afford-the-new-iPhone\"><\/span>Ways to afford the new iPhone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finding out how you can get your hands on the iPhone 16 is the easy part. Planning how you\u2019re going to afford a phone that costs more than the downpayment for some cars is the next step.<\/p>\n<p>If you have set your heart on owning an iPhone as a must-do item on your bucket list, then it&#8217;s time to crunch the numbers.<\/p>\n<h4>The telco way<\/h4>\n<p>Buying an iPhone from a telco is perhaps the most popular method for affording the ridiculous price. All major telcos will offer some sort of deal for the iPhone, with upfront payments usually coming about half the price of buying it off the shelf.<\/p>\n<p>There are other benefits for buying an iPhone from a telco. Some offer additional discounts for pre-orders, and also include home delivery. This also includes midnight launches, so that you don\u2019t have to wait very long to get your phone especially for diehard Apple fans out there.<\/p>\n<p>That said, these telcos still require you to sign a new 2 year contract for the device. This means that you will won\u2019t be able to stand in line for next year\u2019s iPhone. It\u2019s a tricky balancing act, unless you\u2019re willing to pay the early termination penalty to change phones every year.<\/p>\n<h4>Paying by credit card installments<\/h4>\n<p>You want to be able to buy the iPhone, but can\u2019t pay the price up front and are not interested in being tied to a telco. In that case, Apple resellers often offer installment plans; although all of these plans are tied to having a valid credit card. These range from 6 to 36 months and come with their own range of conditions.<\/p>\n<p>For instance, Switch requires 12 to 24 month installment plans to also buy a Smart Protection Plan and an iPhone casing.<\/p>\n<div class=\"block block--content\"><div>It takes a while to get a <a href=\"https:\/\/www.imoney.my\/credit-card\" target=\"_blank\" rel=\"noopener\">credit card<\/a> approved. So why not apply now?<\/div><\/div>\n<h4>Start an iPhone fund<\/h4>\n<p>You can\u2019t go wrong with hiding a little money under your mattress. It might take a while, depending on how much you\u2019re able to put away each month. Cutting living expenses might not be enough to get you over the finish line to get your hands on that iPhone this year.<\/p>\n<p>Slow and steady may win the race. But you\u2019re looking at next year\u2019s iPhone if you start saving now.<\/p>\n<h4>Take a personal loan or store financing<\/h4>\n<p>This sounds like the most extreme option, but it does come with its own benefits. Think of it as an installment plan for people who don\u2019t want to own a credit card. In fact, Apple resellers <a href=\"https:\/\/shop.switch.com.my\/pages\/instalment-options\" target=\"_blank\" rel=\"noopener\">Switch<\/a> and Machines will actually help you with this micro-financing option as part of their easy payment schemes.<\/p>\n<p>You can also apply for your own personal loan through your preferred bank. Most won\u2019t ask too many questions if you have a decent credit score, or may just get a good laugh out of your answer.<\/p>\n<p>However, don\u2019t forget the interest rate for such a &#8211; comparatively &#8211; small amount which can amount to a significant portion of the total sum you eventually pay. Interest rates generally range from between 8- and 18-percent for these micro-financing products. <strong>Remember to take a step back and assess if you can afford to pay the instalment for this loan on top of your other financial commitments!<\/strong><\/p>\n<div class=\"block block--content\"><div>Browse\u00a0potential\u00a0<a href=\"https:\/\/www.imoney.my\/personal-loan\" target=\"_blank\" rel=\"noopener\">personal loans<\/a>\u00a0for the best iPhone deal.<\/div><\/div>\n<p>Yes, the new iPhone is going to be expensive. And you really don\u2019t need to upgrade every year. Not to mention that the older iPhones have also received price cuts, and have aged very well.<\/p>\n<p>That said, people need to buy a new phone at some point in their lives. If you happen to be in the market to purchase a new device, it doesn\u2019t hurt to spend a little more on something that could potentially last 3 or 4 years.<\/p>\n<h6><em>This article has been updated on September 20, 2024.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s the most expensive iPhone ever sold but there are ways you could still come up with that money.<\/p>\n","protected":false},"author":1,"featured_media":65243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[227,256,246],"tags":[754,2463,2466,2465,667,602,2464],"class_list":["post-35706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-card","category-lifestyle","category-mobile-plan","tag-credit-card","tag-iphone-16","tag-itworld","tag-machines","tag-personal-loan","tag-senheng","tag-switch"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Buy The New iPhone 16<\/title>\n<meta name=\"description\" content=\"Apple has announced the launch of the latest iPhone model. 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