Planning up to purchase iPhone 7 but can't afford the price? Here's good news for the consumers! Apple Trade-Up and Renew Program allow a customer to own a brand new iPhone 7 in exchange of older iPhone units or even less than two years in use. Also, AT&T and Verizon offers two-year contracts for iPhone 7 and iPhone 7 Plus plans.

NBC News revealed about the Apple's Trade-Up Program and Apple Renew, both could help a consumer own up the newest iPhone models. Trade-Up Program enables consumers to trade in their functional and at good condition iPhone 4 models and beyond. An appraisal amount ranging from $25 to $250 will be given to the customer depending on the phone's condition. The market price of iPhone 7 with 32GB storage is $649 and if the customer get an appraisal amount of $250 for an iPhone 6 Plus, the amount will be reduces to $399.

Aside from the Trade-Up Program, Apple also offers the Renew Program where a consumer can send through his or her old iPhone or other devices to Apple through mailing and if the device is in good condition, the customer will receive a gift card to be used to exchange the older ones for new ones. This works well when a person visits an Apple Store personally.

Another way of owning an iPhone 7 even on a tight budget is through the carriers. The Verge reported about the eye-catching opportunities to own an iPhone 7 for free through plans enclosed in a two-year contract. AT&T, Verizon, T-Mobile and Sprint also offer trade ins for older smartphones but not exclusive for Apple products alone. Unlike Apple, these carriers accept older models of Samsung Galaxy S7. The same process with Apple Trade-Up Program, a consumer will receive an appraisal amount for his older device, once accepted, he or she will sign-up for a two-year contract with the carrier to paid off the remaining amount of iPhone 7.