Apple iPhone lease vs buy: trade-in value determines which saves more yearly
A cost comparison examines whether leasing a new iPhone annually or buying and trading it in is cheaper for people who upgrade every year. Using Apple's current trade-in offers as a proxy for next year's values, buying and trading an iPhone 18 Pro would cost about $414 net versus $600 for a 12-month lease, saving roughly $186. The analysis also lists the trade-in value each model would need to hit for buying to beat leasing, based on today's Apple trade-in rates.