I don’t think the problem is that carrier deals aren’t prominent enough; I think the problem is that they’re plain awful. The savings you’d get from trading-in would be eaten up by needing to move to an unlimited plan.
Yup, but I'd rather not carry any debt and be able to have a clear forecast of what I can do, then to have problems rise up and have to consider that X00, or worse, X000 brick that I need to clear out.Which you can do by paying off any remaining balance correct?
It’s a great deal as long as you have enough savings to cover it if need be, plus stable income for the foreseeable future… Then it’s great because factoring in inflation, you pay less over time.Refinancing? You mean free financing? They lend you money at 0%. If you don’t see the value in that, you’ve got a lot to learn.
Call me crazy - I hold on to my old devices, and always pay off the phones I purchase up front. Beats having to rely on cellphone providers and being handcuffed to them.
The opposite happens when you trade-in with Apple. If your device doesn’t qualify for the full amount, they notify you and can choose to have the phone returned.These trade in programs are a full blow SCAM. You fill out the process online, they approve you for the highest amount. Then when your return window expires on the NEW device, they send you a notice saying the phone did not qualify for the full amount and they give you the lowest amount there is. This has happened to me and SEVERAL other people in the past few months. FULL BLOWN BS.
Either way, you’re not getting rich on those 0% iPhone dollars and the habit is bad. People like to do finance 101 with this argument, but it generally doesn’t play out in reality.Refinancing? You mean free financing? They lend you money at 0%. If you don’t see the value in that, you’ve got a lot to learn.
even rich people take advantage of favorable loans. It was widely reported a few years ago that mark zuckerberg, yes the mark zuckerberg with all the billions, had a mortgage.Either way, you’re not getting rich on those 0% iPhone dollars and the habit is bad. People like to do finance 101 with this argument, but it generally doesn’t play out in reality.
The people chasing 0% on iPhones, TVs, and furnitures aren’t the rich people.
And most people underperform the market, so they certainly don’t know how to invest.
These trade in programs are a full blow SCAM. You fill out the process online, they approve you for the highest amount. Then when your return window expires on the NEW device, they send you a notice saying the phone did not qualify for the full amount and they give you the lowest amount there is. This has happened to me and SEVERAL other people in the past few months. FULL BLOWN BS.
I don't think they'd offer this if it weren't profitable. "Free" phone in exchange for paying at least ~$70+ a month (single line) for 30 months, with the expected behavior that most subscribers aren't going anywhere after that... I think the dealer wins. Pricey service is where the real revenue is!It’s no wonder AT&T is 150 billion in debt.
Again, these people aren’t Mark Zuckerberg or anything close to it. Mark can pay off his mortgage whenever he wants. Others can’t. Slimy as he is, Mark is also smarter than 99.99% of people.even rich people take advantage of favorable loans. It was widely reported a few years ago that mark zuckerberg, yes the mark zuckerberg with all the billions, had a mortgage.
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now, as you suggest, you have to do something with the money in the meantime for it to be worth anything, and too many people don‘t. But there’s nothing wrong with the *concept* of taking a favorable loan even when you could pay cash up front.
The only “clear” evidence was their last quarter earnings, which were part of the best quarter in corporate history which included AMAZING iPhone results.Clear evidence that iPhone Unit Sales have in-deed stalled-out.
I don’t pretend to be rich and I don’t pretend to “invest my savings”, but if I’m going to be with a carrier for 2 years (I’m averaging 12 years per carrier right now), taking advantage of 0% is a no lose situation.Either way, you’re not getting rich on those 0% iPhone dollars and the habit is bad. People like to do finance 101 with this argument, but it generally doesn’t play out in reality.
The people chasing 0% on iPhones, TVs, and furnitures aren’t the rich people.
And most people underperform the market, so they certainly don’t know how to invest.
It is if you can’t manage your money...and most people can’t. If you don’t see it, you’ve entirely missed the point.I don’t pretend to be rich and I don’t pretend to “invest my savings”, but if I’m going to be with a carrier for 2 years (I’m averaging 12 years per carrier right now), taking advantage of 0% is a no lose situation.