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Do people really use loans for iPhones?

• vineetch 12y ago
  I've known people who've subsidized their phones and unnecessary possessions with college loans, yes.
• amalcon 12y ago
  Yes, in two ways: - By buying on a subsidized contract, you've effectively used a loan for an iPhone. It's not different just because the phone company issued the loan. - By using a loan for something else (e.g. tuition, automotive, housing), and then buying an iPhone instead of paying down the loan
  • jn1234 12y ago
    I wouldn't consider buying an iPhone on a subsidized contract a loan because you are just commiting to have service for a set period of time. You would be paying the same amount for service regardless if you were under contract or not.
    • ceejayoz 12y ago
      > You would be paying the same amount for service regardless if you were under contract or not. No, it's lower if you bring your own device with most carriers. http://www.att.com/shop/wireless/byop.html http://www.att.com/shop/wireless/byop.html