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Hi,
I would like to ask about the way of calculation when I purchase a new Apple device with a trade-in device and also applying a apple gift card that I had.
Let's take this as an example:
New device: 1000$
Tax: 150$
Trade-In value: 200$
Gift card: 300$
Payment: Full
How will it work? and how much should I pay in total?
Thanks.
In most regions the Trade-In value will be refunded to the payment method used after the device has been purchased. It will not be applied directly to the purchase price at all.
The gift card however would apply directly to the purchase price including taxes during checkout.
So basically you would be paying in your example: $1150 (price and taxes) - $300 = $850.
Then you would get a $200 refund to the payment method for the Trade-In.
How does Apple Trade In work?
Important: If you are currently enrolled in the iPhone Upgrade Program, please upgrade your device through that program and do not proceed with Apple Trade In. Check your upgrade eligibility status
1. See what your smartphone is worth.
Answer a few questions to get your estimated trade-in value. If you pay monthly, we’ll apply the value as an instant credit to lower the monthly payments of your new iPhone. If you pay in full, we’ll credit your payment method after we receive your trade-in.
In most regions the Trade-In value will be refunded to the payment method used after the device has been purchased. It will not be applied directly to the purchase price at all.
The gift card however would apply directly to the purchase price including taxes during checkout.
So basically you would be paying in your example: $1150 (price and taxes) - $300 = $850.
Then you would get a $200 refund to the payment method for the Trade-In.
How does Apple Trade In work?
Important: If you are currently enrolled in the iPhone Upgrade Program, please upgrade your device through that program and do not proceed with Apple Trade In. Check your upgrade eligibility status
1. See what your smartphone is worth.
Answer a few questions to get your estimated trade-in value. If you pay monthly, we’ll apply the value as an instant credit to lower the monthly payments of your new iPhone. If you pay in full, we’ll credit your payment method after we receive your trade-in.
That may depend on your tax jurisdiction. In some, hardware trade-in comes off the new device price and that portion is not taxed (that's likely rare for computer hardware as opposed to trading in a car but it may vary by state/locality). You've already provided a tax amount so that may not apply. So, you're looking at $650+/- out of pocket.
It likely will not matter unless you live in a jurisdiction that treats the trade-in as a like-kind exchange where the value is not taxed; then the trade-in would come off first and the remaining value would be taxed. I doubt that applies much anywhere for computer equipment so everything is just applied toward the total. The only question remaining is if the trade-in is directly applied or provided by gift card later. I don't know the answer to that.
Thanks! it's just my example and it's not 100% correct.
So trade-in value & gift card shall be deducted directly to my payment or
Gift card first then trade-in value after inspection?
Thank you very much!!
Apple trade-in & gift card
