You will get the Fair market value as a one time credits and the Monthly credits will be applied on a monthly basis. This is how its going to look like:
$50.00 iPhone 15 pro max/month - $27.08 Monthly credits = $22.92 per month after credits.
With that, in summary - you will be getting a total of $27.08 credits per month that will make your new phones monthly charge instead of $50.00, it`ll be lowered down to $22.92 only.
For us to fully complete the order, here is the down payment and out of pocket charges:
$199.99 - Device down payment
$70.99- Taxes
$35 - Activation/device connection charge
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$305.08 - Total down payment to place the order