<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/55f084969dd7cc16008b91cc-1105-829/screen shot 2015-09-09 at 3.01.46 pm.png" alt="Apple event iPhone 6S upgrade leasing program" data-mce-source="Apple" /><p class="source"><span>Apple</span></p></div><p></p></div></div>Since Apple tends to release a new iPhone every year, it decided to come up with a way to let people always get the latest, greatest iPhones without breaking their carrier contracts.</p><p>A new upgrade program through its retail stores will let you trade in your iPhone every year.</p><p>You have to agree to pay a monthly fee, starting at $32/month. That will cost you $384 a year, about what it costs to buy an iPhone 6 or 6S with 128GB, which is running $399 on a two-year carrier contract.  </p><p>It's not clear yet if the $32/month will entitle you to any iPhone or just the low-end one, which would cost you about $199 on a two-year carrier contract.</p><p>But these are unlocked phones, not associated with any carrier, and include AppleCare to protect your investment if something breaks.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/subways-jared-fogle-allegedly-sent-lewd-texts-2015-8">More trouble for Subway's Jared Fogle...</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/MDlhYjRhYmQyMjA2NWM2Yzg4YTJkYzcz"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5ncHNudjonEIaSoYSJP9tcN-cA_jh7Sm" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '5ncHNudjonEIaSoYSJP9tcN-cA_jh7Sm',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

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BusinessInsider

Apple will let you trade in your old iPhone every year - if you agree to pay a monthly fee

AppleSince Apple tends to release a new iPhone every year, it decided to come up with a way to let people always get the latest, greatest iPhones without breaking their carrier contracts.A new upgrade program through its retail stores will let you trade in your iPhone every year.You have to agree to pay a monthly fee, starting at $32/month. That will cost you $384 a year, about what it costs to buy an iPhone 6 or 6S with 128GB, which is running $399 on a two-year carrier contract. It's not clear yet if the $32/month will entitle you to any iPhone or just the low-end one, which would cost you about $199 on a two-year carrier contract.But these are unlocked phones, not associated with any carrier, and include AppleCare to protect your investment if something breaks. NOW WATCH: More trouble for Subway's Jared Fogle... if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '5ncHNudjonEIaSoYSJP9tcN-cA_jh7Sm',{ autoplay: 'false' }); }); Please enable Javascript to watch this video (function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }());

AppleSince Apple tends to release a new iPhone every year, it decided to come up with a way to let people always get the latest, greatest iPhones without breaking their carrier contracts. A new upgrade program through its retail stores will let you trade in your iPhone every year.

Apple will let you trade in your old iPhone every year - if you agree to pay a monthly fee

Julie Bort

NOW WATCH: More trouble for Subway's Jared Fogle...

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