Apple expands its iPhone ‘Trade Up with Installments’ program to France, Italy, and Spain

As noted by, Apple has expanded its "Trade Up with Installments" program for iPhone to France, Italy, and Spain.

The payment plan allows a user to trade in any old iPhone, Android, or Windows Phone and apply the value of the device towards a new 24-month iPhone installment plan. Apple's targeting people with older iPhones with this program, making it possible to purchase a newer phone to use for the next two years for minimal payments. 

An example would be purchasing a 128GB iPhone 6s Plus after trading in an iPhone 4 -- the value of the older phone is subtracted from the price of the new phone, then amortized over 24 months. The program is effectively a loan handled by Apple as an intermediary, so customers will need approved credit to qualify. The exact amounts paid may vary depending on the condition of the smartphone traded in.