4 ms·
The iPhone is a great product but the way it's financed is brilliant. I suspect not many people buy their new phone with a $1000 charge on their debit card and
by dpweb 6y ago
The iPhone is a great product but the way it's financed is brilliant. I suspect not many people buy their new phone with a $1000 charge on their debit card and that new phones are always financed. I use a 6s, available used for $70 all in, and it gets the job done.
Carriers finance the new model at a seemingly low rate ($15/mo.) then charge more on the wireless service. I can get the $15/mo phone, but only at the $60/month plan not the $35/month plan. If I don't pay, the product is worthless (no service).
You can calculate the amount of housing or auto debt that is out there, but have always wondered how much 'iPhone debt' is outstanding w the wireless carriers?
- bjo590 6y agoI've always paid cash on new phones. Is there a credit check associated with financing a new iPhone?
- hajile 6y agoPhone costs/profits are baked into most plan pricing. If you have such a plan and are paying for your phone outright, you're paying twice for a large chunk of it.
- lotsofpulp 6y agoYou can get phones directly from Apple.com at 0% interest over 24 monthly payments, assuming you would have purchased AppleCare+. https://www.apple.com/shop/iphone/iphone-upgrade-program https://www.apple.com/shop/iphone/iphone-upgrade-program