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That’s how it should work. My understanding is that the carriers (probably correctly) assume that there are more people who will buy a cool phone if they don’t
by acdha 2y ago
That’s how it should work. My understanding is that the carriers (probably correctly) assume that there are more people who will buy a cool phone if they don’t think about it as a short term loan – and then keep paying the same price after the phone is paid off. If they had to say “$900 in 24 payments of $50” more people would decide they don’t need the “Pro” model and the carriers would be forced to compete with the banks on financing terms.
- colejohnson66 2y agoI’ve even seen ones where the loan is “backwards”, and they’re getting more common - you pay full price up front and they give you statement credits each month!
- acdha 2y agoHow did we live like animals in the dark era before such innovative financial products?
- mrguyorama 2y agoDo you know that CEOs once had to settle for only a single summer home?
- connicpu 2y agoI'm not sure about other carriers, but for the past few years now that's how it's been on Verizon. The only lock in part is they waive interest as long as you stay a Verizon customer until it's paid off.