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A possible downside is that the Pro and Pro Max come only in the colours space grey, silver, gold and midnight green. One way to guarantee you get the latest iPhone for a cheaper price is by trading in your old device. Which model iPhone you have, how much capacity it has and what condition it is in will affect how much money you can take off when purchasing the new phone.

However, customers have to put in the serial number of their phone which will then reveal exactly how much they could save. Holly Niblett, head of digital at Compare the Market, said: 'The launch of a new iPhone is a key date in the tech calendar and we usually see a spike in traffic as consumers search for the most affordable way to get hold of Apple's latest gadget.

But for many consumers paying upfront for an iPhone is too costly, with a monthly tariff being the only affordable option. Google Trends show that searches for iPhone 11 in the UK peaked on September 10, the day of the Apple event which unveiled the new device. Interest has died down over the course of the week but is likely to pick back up again towards the end of the week when the phones go on general sale.

Why Vodafone is the best destination for iPhone

The iPhone payments programme is a scheme that helps customers break up the cost of the latest iPhone. It is currently only available through the Apple store. Users will be credit checked before they are allowed to sign up for the scheme.

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Similar to trading in old devices, the newer the phone, the more money customers are likely to get when selling their old iPhones on eBay. One way to lower the cost of getting a new phone is to opt for a Sim-only contract.

The smartest way to upgrade to Apple's iPhone 8 or iPhone X

Whilst the new iPhone models are certainly not cheap when purchasing upfront, in the long run it could work out as cheaper to buy the phone and a cheap Sim-only deal. Sim-only deals are also advantageous as you are not tied in for 24 months when signing up as most are on a rolling monthly contract.

If you are able to wait just a couple of months from their launch date, you are likely to find that the new iPhones will have dropped significantly in price. It certainly pays to be patient! Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

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You can choose on each post whether you would like it to be posted to Facebook. Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy. How we can help Contact us. Here's why they should be wary How is the iPhone 11 Pro different? Current account.

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Discover the incredible new iPhone 11 range, Apple Watch and iPad

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