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U.S. carrier Sprint on Monday announced a new plan which allows those who don’t own one of the latest iPhones on their contract to upgrade at any time.

Aptly named ‘iPhone Forever,’ the new plan will set you back $22 per month and is available starting today to both new and existing Sprint users.

Here’s how iPhone Forever compares to similar early-upgrade offerings by rival carriers.

iPhone Forever terms

It works like this: if you buy an iPhone 6 with Sprint before September 10 (Apple’s ‘iPhone 6s’ media event is on September 9) and mail in your working smartphone to Sprint, or bring it to one of its retail stores, you’ll be permitted to trade in the device for one of the upcoming ‘iPhone 6s’ and ‘iPhone 6s Plus’ models but no later than December 31.

Sprint iPhone Forever price matrix

The plan is available on “any individual unlimited plan or family share pack plan,” said Sprint.

Special promotional price

In addition, Sprint is pitching the following time-limited offer:

“Bring us any smartphone to trade-in and your regular monthly rate is reduced to just $15 until your next upgrade,” as per Sprint. “But hurry, if you get your iPhone 6 and upgrade before December 31 that upgrade doesn’t stop your discount – it continues all the way until your next upgrade.”

According to the fine print, the offer entails trading in your old smartphone for an entry-level iPhone 6 with sixteen gigabytes of storage. The reduced $15 monthly will remain in effect until your next upgrade, after which it’ll jump back to its normal $22 per month amount.

Summing up

Put simply, iPhone Forever grants you upgrade eligibility for the newest iPhone in exchange for a flat fee of $22 per month, excluding taxes and service plan charges.

Assuming you don’t already have the latest iPhone on one of Sprint’s plan, iPhone Forever lets you upgrade to next-generation iPhones as soon as they become available.

The new plan shouldn’t be confused with Sprint’s previous plan called ‘iPhone for Life’ which limited you to yearly upgrades bundled with service plans.

For more information, visit sprint.com/iphoneforever.

Source: Sprint