iPhone 6 Price: 5 Fast Facts You Need to Know

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The new iPhone 6 is here. We’ve got the rundown on price, variants, carriers, discounts, and promotions for this new phone. Here’s everything you need to know about the cost of owning a new iPhone…and some options for saving yourself a little money.

Want to see all our iPhone 6 coverage in one place? Go here to learn more about iPhone 6 specs.

1. There Are 2 Different iPhone 6 Models

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There are two different models of the iPhone 6. These two phones vary in size, and therefore, they also vary in price. Preorders open on Friday. Both phones will be released on September 19 in the US. The iPhone 6 starts at $199, and the larger 6 Plus starts at $299.

The iPhone 6 comes in three storage options: the 16GB ($199), the 64GB ($299), and the 128GB ($399). The 6 Plus has three options, too: the 16GB ($299), the 64GB ($399), and the 128GB ($499).

Prices are, of course, higher if you buy a phone off-contract. If you buy off-contract through T-Mobile, expect to pay at least $649.

2. There Are Many Places You Can Buy an iPhone 6

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The iPhone 6 will be available from the expected carriers in the US. You will also be able to buy the phone at “big box” stores like Wal-Mart and Best Buy, as well as from various websites. Of course, the Apple website will stock these phones. The Apple store is being updated as of this writing (likely to add the pre-order functionality for iPhone 6 shoppers). There is an ongoing iPhone sale for college students via Apple’s website. The iPhone 6 will be available in stores starting on September 19.

3. You Can Try the iPhone 6 Free for a Week

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T-Mobile has been running an interesting promotion where you can “cheat” on your current carrier with T-Mobile. It’s a pretty simple promotion: T-Mobile sends you a free iPhone, which you can use for a week before you send it back.

The idea is that by living with the phone for a week, you can see how much better T-Mobile’s coverage is compared to your current provider. T-Mobile has confirmed that they plan to continue this promotion in the future, swapping out the iPhone 5s models they’ve been using with brand new iPhone 6 phones. Click here for more info about this program.

It’s not yet clear whether T-Mobile will let you choose between an iPhone 6 or a 6 Plus as part of this promotion.

4. You May Be Eligible for Promotional Pricing for the iPhone 6 or 6 Plus

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The iPhone 6 has only just been announced, but you can expect some carriers to offer discounts and special promotions in order to beat out the competition. As the release date draws closer, some carriers may announce promotions, so it might pay to call around to your various local carriers and see what they might do to sweeten the deal if you switch to them and get an iPhone 6 or 6 Plus.

On Apple’s page for the iPhone 6, it states that “With AT&T Next, you can buy iPhone 6 for as low as $0 down and from $27.05 per month.” This lower up-front cost might appeal to some.

Bloomberg reports that Sprint has a new intuitive to entice iPhone fans: the iPhone for Life program. Under the plan, you’ll get a new iPhone ever two years. The plan, which comes with unlimited data, costs $70 a month. Bloomberg’s report notes that “customers make no initial payment for the phone or related taxes on the device because they are essentially renting it.”

The same Bloomberg report notes that Verizon is offering an iPhone 6 for free to customers who trade in their old iPhone and sign up for a new two-year contract. You are given a $200 gift card, which will cover the price of the lowest-tier iPhone 6, but won’t fully cover the cost of some of the iPhone 6 model with extra storage.

Additionally, there is an ongoing iPhone sale for college students via Apple’s website. Apple’s “Education Pricing” means that a college student can get on a new iPhone from Apple, and get a $50 gift card as a bonus. This deal ends on September 9, however, so you can’t use it to order an iPhone 6. The preorders for the iPhone 6 and 6 Plus won’t open until September 12.

5. There Are Hidden Costs of iPhone Ownership

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The purchase price of your iPhone is only part of the lifetime cost of ownership. There’s also the contract pricing, as well as the cost of replacing your existing iPhone accessories and peripherals. When the iPhone 5 came out, Forbes estimated that the cost of upgrading your phone and replacing your accessories was $369 (with $199 being the cost of the phone itself.)

But even that figure might be conservative: Gizmodo wrote that “Over the lifetime of the iPhone 5’s contract, you’ll spend anywhere from $1800 to $4800.”

It’s fair to guess that the lifetime costs of upgrading to an iPhone 6 could be similar to what people experienced when they upgraded from the iPhone 4 to the iPhone 5. Keep these “hidden” costs in mind when you pre-order your iPhone 6 or iPhone 6 Plus.

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