It’s that time of year when phone companies shout about the newest iPhone 16, offering deals that seem too good to pass up. But are they? If you’re thinking about upgrading to one of the new iPhone 16 models, available for order starting Friday, here’s a quick breakdown of some of the discounts you might find.
First, let’s be honest: there’s no major “wow” factor in the new iPhones that makes them a must-have. While Apple’s new AI features will eventually require a newer iPhone, they’re not available yet, and the early versions we’ve tested aren’t particularly impressive.
Before rushing into a purchase, consider alternatives that can give your current phone a new life—or opt for a budget- and eco-friendly option.
When to Consider Upgrading
This is a personal decision! Don’t let your phone company pressure you into thinking you have to upgrade just because they say you’re eligible for a new iPhone 16. If you want that “free” or heavily discounted iPhone, you’ll probably need a more expensive phone plan, a recent trade-in, and a long-term contract with your carrier. Keep in mind, that these companies don’t deserve your loyalty!
Alternative 1: Replace the Battery
If your phone’s battery doesn’t hold a charge or it’s running slowly, a simple battery replacement can make it feel brand new. According to Nathan Proctor from consumer advocacy group U.S. PIRG, battery replacements usually cost $40 to $80.
You can get it done at a trustworthy independent repair shop—often cheaper and faster than going to Apple. Chains like uBreakiFix and CPR Cellphone Repair are good options.
And with growing support for “right to repair” laws, fixing your phone is becoming more affordable and accessible. If you’re up for it, you can even replace the battery yourself.
Alternative 2: Buy a Used Phone
Especially with iPhones, buying used can be a great deal. They hold their value well and receive security updates for up to eight years. Sites like Back Market and Gazelle are reputable places to shop for second-hand electronics. Plus, as soon as the new iPhone 16 hits the market, expect prices on used iPhones to drop by 15-20%.
Alternative 3: Buy a New but Older Model
You can also find amazing deals on brand-new iPhones from previous years. For example, last year’s iPhone 15 Pro, which originally sold for $1,000, can now be found for as low as $170 to $650, depending on your carrier, plan, and current device. Navi, a price comparison site, predicts even better deals on 2023 models after Friday.
Alternative 4: Save Money for Pizza
Let’s face it—an iPhone is expensive, even if you’re not paying the full $1,200 upfront thanks to phone company “deals.” The average American holds onto their phone for nearly four years. The longer you wait between upgrades, the more cash you’ll have for other things—like pizza for all your friends!
Discounts on the iPhone 16 Models
Navi estimates there are over 25,000 promotional deals for the iPhone 16, depending on which model you want, your phone company, whether you’re a new or current customer, your service plan, and what phone you’re trading in.
Here are some of the deals you might find, but keep in mind that not everyone qualifies for every promotion.
AT&T
- Discount: Up to $1,000 off the iPhone 16 Pro/Pro Max, or up to $830 off the iPhone 16/16 Plus.
- For whom: Current or new customers, no difference.
- Trade-in: You’ll need a recent iPhone (12, 13, 14, or 15) for the full discount. Older iPhones mean less savings.
- Service plan: Unlimited Premium ($86/month), Unlimited Extra ($76/month), or Unlimited Starter ($66/month).
- Catch: The discount is spread out over 36 months, locking you into AT&T for three years.
T-Mobile
- Discount: Up to $1,000 off an iPhone 16 model for Go5G Next plan customers ($100/month). Go5G Plus customers get up to $830 off.
- For whom: You’ll get the best deals if you’re adding a new line or are a new customer. Go5G Essentials users get smaller discounts.
- Trade-in: Max discounts for iPhone 11 Pro and newer models. Older phones mean smaller savings.
- Catch: The discount is applied over 24 months, keeping you tied to T-Mobile.
Verizon
- Discount: Up to $1,000 off for new customers or if you’re adding a line, with the Unlimited Ultimate plan ($90/month).
- For whom: Both new and existing customers, but better deals are for new lines.
- Service plan: Savings drop if you’re on Unlimited Plus ($80/month) or Unlimited Welcome ($65/month).
- Catch: Discounts are spread out over 36 months, locking you in.
Don’t Overlook Smaller Providers
Consider smaller mobile companies like Consumer Cellular, Mint Mobile, or Google Fi, which often use the same networks as the big players but charge less. They may not offer huge iPhone 16 discounts, but you’ll likely save more with cheaper monthly plans.
For example, Consumer Cellular’s top unlimited plan is $50/month, which could save you $15/month compared to a Big3 provider—that’s $540 over three years, possibly more than you’d save on a new phone!
Check out Navi and Consumer Reports for more price comparisons, and visit Apple’s site for direct promo comparisons from the Big3.
