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Here's why skipping out on buying the new iPhone 16 may be in your best interest

The new iPhone 16 is coming out with a lot of great, new features. But, should you buy a slightly older model on sale or just keep the one you have?

HOUSTON — Apple is set to unveil the new iPhone 16 next week. But before you get your wallet ready, consider these things that may save you money in the long run.

The new iPhone 16 is coming out with a lot of great, new features. But, should you buy a slightly older model on sale or just keep the one you have?

Long are the days when you would see long lines outside the Apple Store when a new phone was released, but the company is hoping for renewed excitement with the release of the iPhone 16 with its faster chips.

Cellphone carriers will offer great promo deals on the iPhone 16, which should start at around $800.

But, websites from Macrumors, to TomsGuide, to Gizmodo all suggest the 16 won't be a major update. They said if your phone works well, you may want to wait for next year's iPhone 17.

You'll also find huge sales on the iPhone 15 in the next few weeks.

On the other hand, iPhone models older than an 11 are running out of time.

ZDNET said the iPhone has a planned lifespan of only five years. The iPhone 8 is no longer supported and support will end for the X next year.

Repair shop owner Bashar Alvustani said iPhone 13s and 14s are still fine, but older phones are starting to get slow.

"You compare between the 11 and the 12, you'll see the difference," he said.

So, if you are on the bubble, consider a marked-down 15.

Whatever you decide to do, late September is one of the best times to buy a phone, along with black Friday and that way you don't waste your money.

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