iPhone Trade-in and Salary Sacrifice

Lashtdp on 13/09/2022 - 23:33
Last edited 14/09/2022 - 01:05 by 1 other user

I am looking to upgrade my iPhone 13 Pro Max 256 GB (purchased under salary sacrifice and using discounted Apple gift cards) to iPhone 14 Pro Max 256 GB using Trade-in on Apple Website/Store and I have couple of questions needing answers. Hoping to get some answers from those OzBargainers who do this regularly to take benefit of salary sacrifice.

  1. Apple website shows I can get $1020 for my phone and the new phone is $2099. If I choose to Trade-In on Apple website, I will have to pay full price and then receive the credit for Trade-in. How does it work in-store? Will I get option to pay only the difference of amount which is $1079 and do instant trade-in?

  2. If I want to use this purchase towards salary sacrifice, will I get benefit for the whole $2099 or only for the $1079 I paid out of pocket? I am not sure how this purchase looks on invoice otherwise I know we can claim the value shown on the invoice whether we pay by card, cash, Apple credit, Gift cards, or mix of this combo. Just unsure about the Trade-In.

Mobile Apple Mobile Phone

Comments

  • DoctorCalculon on 14/09/2022 - 00:44
    +2

    You will receive the value of the trade-in as Apple GCs after Brightstar receives your device, and verify the valuation based upon the answers you would have provided when you initiated the trade in.

    • jimbobaus on 15/09/2022 - 21:35
      +1

      If you buy online and return your trade in by mail the refund the trade in value to your method of payment. Not apple gift cards.

      • DoctorCalculon on 15/09/2022 - 21:40

        You are correct, only If you pay for the entire order using a card.
        If you use GCs or your account balance for payment (partial or in full), they issue the refund using GCs.

  • AustriaBargain on 14/09/2022 - 00:54
    +9

    Maybe sell your phone privately for $1020 for cash, just to simplify things.

  • jv on 14/09/2022 - 02:00
    +1

    I'd wait for the 15 Pro.

    • ashtdp on 14/09/2022 - 10:27

      With salary sacrifice and discounted Apple gift cards, I figured it’s best to trade-in and upgrade for better value especially if I can claim whole device cost under salary sacrifice every year.

      Last year my out of pocket after all benefits was about 850$ for iPhone 13 Pro Max 256GB for which I am getting 1020$ Trade-in. If I wait another year, will lose the Trade-in return.

      • jv on 14/09/2022 - 10:40
        -1

        was about 850$ for iPhone 13 Pro Max 256GB for which I am getting 1020$ Trade-in

        you'll need to pay tax on the difference.

  • WreckTangle on 14/09/2022 - 05:50
    +5

    I’m waiting for a usb-c connection

    • Slippage on 14/09/2022 - 08:25
      +2

      As a long time apple user and a supporter of the 30-pin to lightning change…. I am in agreeance. It's time for Apple to accept it or offer both ports.

      • Member 0230 on 14/09/2022 - 11:09
        +1

        … or offer both ports

        which of course will simply never happen — at least on iPhones.

      • ashtdp on 16/09/2022 - 09:21

        It would be no surprise if they decide to take out the ports at all. With iPhone 14 they already took out sim slot for US version.

  • modsec802 on 14/09/2022 - 08:12

    Better to sell your device on FB-M or GumTree for cash

    • 87percent on 14/09/2022 - 10:16
      +4

      can't wait for op's next post "got scammed on gumtree selling iphone, what can i do?"

      • ashtdp on 14/09/2022 - 10:23
        -1

        😂 I am not going to try sell in FB or Gumtree. There are lots of listings for already that aren’t sold. Don’t want to sit on that.

        • Member 0230 on 14/09/2022 - 11:11

          I understand the sentiment, and also I guess the timing if there's a flood of similar devices, but I wouldn't discount FB/Gumtree outright… unless of course the Trade In offer is within cooee of 2nd hand prices as per Drakesy's and Kib33's feedback below.

  • Drakesy on 14/09/2022 - 10:30
    +1

    You should get around $1000-$1100 for the phone second hand if you want to get the most out of it.
    Then salary sacrifice the max.

  • Kib33 on 14/09/2022 - 10:35

    Mobile Monster will give you at least $1050 for working, up to $1150 for an excellent condition.

    More money and safer than FBM or G’tree.

  • zoombie on 14/09/2022 - 11:27
    -4

    Unpopular opinion: Instead of trying to game the tax system, why don't you help out the government as Australia's finances are messy at the moment. Apple have hundreds of billions in their bank acct, you don't need to donate money to them.

    • ashtdp on 16/09/2022 - 09:18
      -2

      The last time I checked, most of my tax money is going via centrelink payments to boatloads of people who came in and not contributing to the taxes but put more money into their pockets with their “Cash jobs” and “Cash Only Businesses”.

      Saving few 100 dollars once a year by a family that pays large sum of taxes using legally available provision won’t make dent to Australia’s finances. Take care, mate.

  • apple2016 on 14/09/2022 - 12:18

    Apple website shows I can get $1020 for my phone

    usually this is issued in the form of apple gift card, and then you can decide if you want to use it for your new iphone purchase.

    • jimbobaus on 15/09/2022 - 21:37

      They refund the trade in to your method of payment.

      Once your trade-in has been received within the appropriate time frame and in the stated condition, and we have all required identification information, we’ll refund your payment method

  • JAF on 14/09/2022 - 12:40
    +2

    in regards to in store , you can trade in your device on the spot and get an apple gift card for it. You can then use this apple gift card immediately in store and pay the remaining $1079 on card or however you wish to pay. Just be mindful that they may not have the colour/gb you want in stock during first few weeks of release. Another option for you is Jb Hifi or The Good Guys have trade in programs as well where you can trade in your phone online and they also give you a gift card however JB and TGG email you the gift card straightaway so you can get that gift card now and then use it to purchase the new iPhone from either of them. An excellent condition iPhone 13 pro max 256gb will get you a $1000 gift card at TGG or JB which is $20 less than apple but do remember you can get discounted JB and TGG gift cards at a variety of places to help the lower cost even more for you. JB and TGG then just require you to them the phone within 2 weeks of getting the gift card.

    EDIT:
    I forgot to add that officeworks have a trade in system exactly like jb and TGG and they will give you $1100 for an excellent condition iPhone 13 pro max 256gb.

    • ashtdp on 14/09/2022 - 15:44

      Excellent. Thanks. Will check the office works option as well

  • AussieBogan on 17/09/2022 - 09:46

    Phones paid by gift cards may not be eligible for salary sacrifice, ask your company/salary sacrifice provider first

  • ozborgain on 13/09/2024 - 23:17

    Hey @ashtdp it’s that time around again for an upgrade ;) and was wondering how did you go about with salary sacrificing using gift cards?

    • ashtdp on 14/09/2024 - 17:07
      +1

      I haven’t done it this year but it worked fine last year. I add GCs to my Apple Account Balance and pay for mobile using it. The invoice doesn’t mention anything about GCs.

      • ozborgain on 15/09/2024 - 01:18

        Ah cool, thanks for sharing. I was thinking to get it from JB with all the gift card promos, wondering if they mention about the GCs in their invoice

        • ashtdp on 15/09/2024 - 09:07

          I bought iPhone X in 2017 with JB GCs and the invoice mentioned that payment is made by GCs in-store and listed all the GCs and their redeemed value in the invoice. The receipt was very long. But I didn’t use Salary Sacrifice then. Not sure if they made any changes to it since then.

          Also, I asked my payroll team couple of years ago about using GCs and they said it’s fine.

          How much discount you find with JB GCs? Lot of rewards portals also have 5% off Apple GCs

          • ozborgain on 15/09/2024 - 11:45

            @ashtdp: Oh ok, best I reach out to my salary sacrificing agency to get that clarity as well. I’m planning to tap into the new Jb sim plan signup loophole so end up paying 800 out of pocket for 1200 GC, which is ~33.3% off

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