Anyone buying the phone outright? Not Next or Apple plan?

Discussion in 'iPhone' started by random person, Sep 11, 2015.

  1. random person macrumors 6502a

    Joined:
    Feb 28, 2008
    #1
    I am completely confused by all the math but I am eligible for an AT upgrade in October an when I run the numbers it all comes out the same. So I am thinking of just buying the phone outright and forgetting about these installment lease plans. And, from what I understand, the subsidized contract price is actually a wash too because you get charged more per month anyway. So, if you have the money, why not just buy the phone outright?
     
  2. ryanbates macrumors regular

    ryanbates

    Joined:
    May 30, 2010
    Location:
    San Diego, CA
    #2
    The installment plans are essentially the same as buying outright but instead of paying the chunk of money all at once, it gets spread out over the course of a year or two depending on which plan you go with.
     
  3. supersalo macrumors 6502

    supersalo

    Joined:
    May 14, 2010
    #3
    This is exactly right. And buying outright or using Next both qualify you for a discount on the monthly line charge.
     
  4. Dmaynard83 macrumors 6502a

    Dmaynard83

    Joined:
    Jul 16, 2012
    #4
    This is incorrect. When you buy outright you keep the phone and can resell it next year. I sold my iPhone 6 for 550. The installment plan you are forced to pay 768+ by 2 years.
     
  5. supersalo macrumors 6502

    supersalo

    Joined:
    May 14, 2010
    #5
    You're incorrect. The Next plans divides the full retail price over 30, 24 or 18 months. It does not cost more. Check the AT&T website.

    You can pay off the phone at any time and own it. Or turn it in and upgrade halfway through your payment cycle.
     
  6. Deihmos macrumors member

    Joined:
    Jun 1, 2015
    #6
    With the T-Mobile jump on demand promotion you pay less than paying all upfront. I get 216 off the retail price. I don't know why more people are not with T-Mobile. Their service is amazing and they have the best prices.
     
  7. ryanbates macrumors regular

    ryanbates

    Joined:
    May 30, 2010
    Location:
    San Diego, CA
    #7
    This
     
  8. random person thread starter macrumors 6502a

    Joined:
    Feb 28, 2008
    #8
    So it seems like it's all a wash, right? Buying outright even if you are contract eligible for an upgrade? Vs Next etc? Pay now or pay over time, it's all the same?
     
  9. Dmaynard83 macrumors 6502a

    Dmaynard83

    Joined:
    Jul 16, 2012
    #9
    First off I'm on Verizon so this does not apply. So the apple installment plan is worse than selling it.

    2nd I'm pretty sure most people that do the installment plan is so they don't need to worry about the headache of selling it, which in the end you're losing money compared to selling it.

    3rd if you plan on doing the installment plan and buying it all outright before the next iPhone release and reselling it more power to you. But I doubt 90% of people will be doing this, and it only applies to certain carriers.
     
  10. Sumter macrumors regular

    Sumter

    Joined:
    May 21, 2014
    #10
    Pretty much except Tmobile's jump on demand plan. I'd recommend buying outright over financing plans.
     
  11. jetjaguar macrumors 68030

    jetjaguar

    Joined:
    Apr 6, 2009
    Location:
    somewhere
  12. Dmaynard83 macrumors 6502a

    Dmaynard83

    Joined:
    Jul 16, 2012
    #12
    This.
     
  13. terraphantm macrumors 68040

    Joined:
    Jun 27, 2009
    Location:
    Pennsylvania
    #13
    Buying outright. Would be tempted for Apple's installment plan if I could sign up for it online (instead of making a reservation at the Apple store).
     
  14. supersalo macrumors 6502

    supersalo

    Joined:
    May 14, 2010
    #14
    Using AT&T's NEXT or Verizon's EDGE payment plan does not cost more. It's the full retail price divided by a set number of months. It's not $768+ for 2 years.

    Data line charges are a different matter but the equipment charge is the same whether you pay all at once on day 1 or after 24 months.
     
  15. Dmaynard83 macrumors 6502a

    Dmaynard83

    Joined:
    Jul 16, 2012
    #15
    32 x 24 months =768 and you have to give up the phone at the end of the 24 months.
     
  16. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
  17. NYY FaN macrumors 6502

    NYY FaN

    Joined:
    Jun 22, 2009
    Location:
    New York
    #17
    I'm going full retail this time. I want to wait another year and see how the Next plan pans out before I dive in. I've been doing 2 year contracts between 2 lines for years to get a new iphone every year but the lack of $25 discount with the 2 year contract kills it now.
     
  18. perkedel macrumors 6502a

    perkedel

    Joined:
    Dec 30, 2014
    Location:
    California
    #18
    I buy whatever Apple sells them at. 650/750/850/950.
    Pay it up, cut the crap, and you're done.

    If you want it, pay it, get it done. No messing around with BS payment/installment.
     
  19. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #19
    Agreed as shown in my other thread, the calculation is sneaky. They will charge you more for subsidized price.
     
  20. Bako-MacAddict macrumors 68000

    Bako-MacAddict

    Joined:
    Jun 7, 2012
    Location:
    California
    #20
    Yeah I'm going to buy it outright with no plan. iPhone 6s plus 128GB Rose Gold. Sell it for $650-$700 and do it over again for the 7 lol
     
  21. Docd62 macrumors regular

    Joined:
    Sep 20, 2012
    #21
    If you buy the phone outright can you still buy your carrier phone or which one do I buy?
     
  22. Deihmos macrumors member

    Joined:
    Jun 1, 2015
    #22
    Financing no interest over paying all in one shot? What's the difference?
     
  23. soloer macrumors 6502a

    soloer

    Joined:
    Sep 27, 2004
    Location:
    Omaha
    #23
    Getting the pain over with immediately and enjoying lower monthly bills.
     
  24. segrobja macrumors regular

    Joined:
    Sep 20, 2013
    Location:
    NYC
    #24
    It's all marketing bs. Breaking down the full retail on these phone in to $30-$40 extra a month makes it easier for the carriers to eliminate subsidies on these phones without people bugging out.
     
  25. techiebug macrumors 6502a

    Joined:
    Oct 20, 2013
    #25
    I signed up for a new credit card. They give me $100 bonus. And I can pay it off in 18 months. Earn cash back as well.
     

Share This Page