Understanding the cost of the latest iPads can be tricky, with various financing options and trade-in possibilities. This guide breaks down the pricing structure, payment methods, and other factors influencing the final cost of the newest iPad models.
Apple Card Monthly Installments (ACMI)
Apple offers a financing option called Apple Card Monthly Installments (ACMI), which allows you to pay for your iPad over time with 0% APR. However, ACMI is only available when you select it as the payment method at checkout at Apple Store locations, apple.com (Opens in a new window), the Apple Store app, or by calling 1-800-MY-APPLE, and is subject to credit approval and credit limit.
Here are some key things to know about ACMI:
- Eligibility: You must be a qualified applicant in the United States and have an Apple Card issued by Goldman Sachs Bank USA, Salt Lake City Branch.
- APR: ACMI offers 0% APR. If you choose a one-time payment on your Apple Card instead of ACMI, that purchase is subject to your card’s variable APR, which, as of January 1, 2025, ranges from 18.24% to 28.49% for new accounts.
- Availability: ACMI is not available for purchases made online at special storefronts like the Apple Employee Purchase Plan or Government and Veterans and Military Purchase Programs.
- Carrier Requirement for iPhones: To buy an iPhone with ACMI, you must select AT&T, Boost Mobile, T-Mobile, or Verizon as your carrier.
- Unlocked iPhones: An iPhone purchased with ACMI is always unlocked, allowing you to switch carriers.
Trade-In Options
Apple’s trade-in program can significantly reduce the cost of a new iPad. The value of your trade-in device depends on its condition, year, and configuration.
Keep in mind the following:
- Eligibility: Not all devices are eligible for trade-in.
- Age Requirement: You must be at least the age of majority to trade in for credit or an Apple Gift Card.
- Value Application: The trade-in value can be applied toward a new device purchase or added to an Apple Gift Card.
- Assessment: The actual value awarded is based on a qualifying device matching the description provided.
- In-Store Trade-In: Requires a valid photo ID.
Other Factors Affecting the Price
Beyond ACMI and trade-ins, other factors influence the total cost of a new iPad:
- Taxes and Shipping: These are not included in ACMI and are subject to your Apple Card’s variable APR.
- Special Pricing: Qualified customers may be eligible for special pricing. Contact an Apple Specialist or call 1-800-MY-APPLE for more information.
- Apple TV+ Offer: New and qualified returning subscribers may be eligible for an Apple TV+ offer. This is typically $9.99/month after a free trial, but restrictions and terms apply.
Accessing Apple Card Features
To access all Apple Card features, you must add it to Wallet on an iPhone or iPad with the latest iOS or iPadOS.
Conclusion
The price of the newest iPads depends on the specific model, storage capacity, and any additional features. By understanding the available financing options, trade-in program, and other potential discounts, you can make an informed decision that fits your budget. Be sure to check apple.com (Opens in a new window) for the latest pricing and promotions.
