Now that the cost of the latest smartphones can exceed $1,000, it's as good a time as ever to look at older models that cost significantly less.

Older smartphone models are especially relevant since they're still so good.

The iPhone 7 is two generations old at this stage, but Apple still sells it, which is a testament to how good the iPhone 7 still is.

It looks like the four-figure price tag is here to stay when it comes to new iPhones from Apple.

Indeed, the $1,000 iPhone XS and $1,100 iPhone XS Max may very well be out of reach for some who want the iPhone experience, and even for those who don't want to spend that much on principle.

The $750 iPhone XR may seem like the iPhone to get if you don't want to be a part of the $1,000 club, but there are actually a few things about the iPhone 7 that some might prefer over the XR.

Thankfully, Apple is keeping around its older iPhone 7 and iPhone 7 Plus, just in case you want the Apple smartphone experience for under $600. Surprisingly, you're not sacrificing that much by going with Apple's iPhone 7, which is now two generations old. The iPhone 7 is still a fantastic smartphone that stands strong in the face of its younger, shinier siblings, and it's still a great option for anyone who's clung onto an iPhone 4, iPhone 5, and even iPhone 6.

Check out eight great reasons why you should check out the iPhone 7 instead of Apple's latest iPhones: