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

[Deihmos]

32 x 24 months =768 and you have to give up the phone at the end of the 24 months.

You need to check your facts. I don't have Verizon or att and I know that you are wrong. 31.24 x 24 for the 64gb = retail price. T-Mobile started the whole thing now everyone is following.

 

[Steve686]

32 x 24 months =768 and you have to give up the phone at the end of the 24 months.

You only give the carrier your phone back if you decide to upgrade BEFORE you have completed ALL of the payments.

It's basically leasing the phone with the option to buy.

Here is ATT's program and basically Verizon's program is the same. This is for the $749 16gb 6s Plus. So. After paying $450(Next 12), $562(Next 18), or $599(Next 24), you have the OPTION of turning in your phone for an upgrade, or the OPTION of paying off the balance of the lease to OWN your phone which, yep, you get to KEEP.

 

[Surf Monkey]

I'm still surfing the original ATT unlimited plan that came with the first iPhone. I'm buying a 6S Plus to replace my 6 Plus. Buying it "outright" after the trade in. I have an ATT locked one reserved but I may see if they'll sell me an unlocked one instead.

 

[mashinhead]

I don't really see an option to buy the phone outright. Despite being an AT&T customer, I always buy a Verizon phone outright because its unlocked. When you go through the apple check out process, and choose full price it still asks you for verizon account?

 

[Dmaynard83]

You only give the carrier your phone back if you decide to upgrade BEFORE you have completed ALL of the payments.

It's basically leasing the phone with the option to buy.

Here is ATT's program and basically Verizon's program is the same. This is for the $749 16gb 6s Plus. So. After paying $450(Next 12), $562(Next 18), or $599(Next 24), you have the OPTION of turning in your phone for an upgrade, or the OPTION of paying off the balance of the lease to OWN your phone which, yep, you get to KEEP.

View attachment 580866

Yep. And thats what most people plan to do.

 

[kevink2]

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?

With no interest charges, you just retain a locked phone until it is paid off. Vs getting < 1% on the money in savings.

If you have the money to just buy it outright, (with no other consumer loans), it depends on how much you hate the thought of owing money. For me, I want the freedom after my current contract of just being able to change companies, even if I don't, rather than having the debt hanging over me. This led me to pay off my previous car 2 years early, my home loan 6 years early. And I may relapse and pay off my current car loan early, even though I'm only paying 1.49%.