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> consumers are starting to wise-up to the benefits of paying cash for a mid-range device rather than taking the "free" upgrade when their contract expires. Wh
by baldfat 8y ago
> consumers are starting to wise-up to the benefits of paying cash for a mid-range device rather than taking the "free" upgrade when their contract expires.
What "free phones" they are all leased now. There might not be a monthly fee but at the end of the lease their is a buy out to be paid. My wife's Essential phone (SHE HATES IT) is $6 a month for 24 months and then $430 if she want to keep this crash prone phone.
- ShroudedNight 8y agoWas there an initial outlay? Depending on when one got it, < $150 for the best two years of what should have been a flagship level device sounds good to me, at least in theory...
- jdietrich 8y agoSprint have switched to leases with an optional balloon payment; Verizon, T-Mobile and AT&T offer 0% finance plans with no final payment to own the device. Regardless, all the networks offer their customers a new device with no money up front and the same monthly payment as soon as their contract expires. It's good for retention, but it means that a lot of customers are largely oblivious to the actual cost of their phone.
- Markoff 8y agoyou can buy brand new unlocked essential for 350$ so what you write makes no sense to pay for used phone more than it's cost of brand new your wife should break such contract
- baldfat 8y agoCan break a lease. If you do you pay the full price of the balance. The only thing we can do is after the lease is over we get a new lease.