iPhone 8 poll

Discussion in 'iPhone' started by Spooner83, Jul 24, 2017.

?

Would you pay $140 or more a month for a phone bill on iPhone8 if the monthly lease price increases?

  1. Yes

  2. No

  3. Yes, but it would mean giving up other monthly expenses in order to afford it

Results are only viewable after voting.
  1. Spooner83 macrumors 6502

    Spooner83

    Joined:
    Jan 31, 2011
    #1
    With the price of the iPhone 8 starting at $1k, this will make monthly lease prices go up. We will be paying at least $40 extra on our phone bills if you have a current lease plan on your phone. (sprint iphone forever, at&t next, etc.)
     
  2. JPack macrumors 6502a

    JPack

    Joined:
    Mar 27, 2017
    #2
    I always purchase my devices outright, just like cars. I don't subscribe to the habit of "can't afford it, but still want it."

    My wireless bill is $40 for 4GB/unlimited local calling.
     
  3. JeffyTheQuik macrumors 68020

    JeffyTheQuik

    Joined:
    Aug 27, 2014
    Location:
    Charleston, SC and Everett, WA
    #3
    What am I missing?

    A (f)lease is the financing of the portion of the price that contains the depreciation, right? I mean, if you lease a $1200 phone for a year, and the projected value of the phone at the end of that year is $600, you'd be paying $50/month (plus interest, taxes, and fees). Does that $140 include cellular service?
     
  4. ET iPhone Home macrumors 68040

    ET iPhone Home

    Joined:
    Oct 5, 2011
    Location:
    Orange County, California USA
    #4
    I'm buying the iPhone 8 full price, but in no way willI pay $140 /month for a phone plan. I am sticking to my $45/month ATT pre-pay plan.
     
  5. joeblow7777 macrumors 601

    Joined:
    Sep 7, 2010
    #5
    If I buy it, I intend to buy it outright in order to stay on my current $50 CDN plan. A plan which I intend to keep until my carrier pries it out of my hands.
     
  6. Gathomblipoob macrumors 601

    Gathomblipoob

    Joined:
    Mar 18, 2009
    #6
    Your cold. Dead. Hands.
     
  7. joeblow7777 macrumors 601

    Joined:
    Sep 7, 2010
    #7
    I was going to say that, but I thought it sounded a bit extreme. :D
     
  8. Gathomblipoob macrumors 601

    Gathomblipoob

    Joined:
    Mar 18, 2009
    #8
    I've never shied away from extreme. :D
     
  9. Newtons Apple macrumors P6

    Newtons Apple

    Joined:
    Mar 12, 2014
    Location:
    Jacksonville, Florida
  10. MsRandall macrumors 6502a

    MsRandall

    Joined:
    Nov 27, 2011
    Location:
    Bay Area, Ca
    #10

    If someone finances a phone with 0 interest doesn't mean they "Can't afford" it - many of the trade in previous models promos will be tied to carrier payments
     
  11. Volgin Suspended

    Volgin

    Joined:
    Jul 17, 2017
    Location:
    Smithfield, RI
    #11
    That's a crazy high price for a single line. I pay $55 a month on Cricket. They sell the SE 64GB for $229.
     
  12. Givmeabrek macrumors 68040

    Givmeabrek

    Joined:
    Apr 20, 2009
    Location:
    NY
    #12
    I buy my phones outright. I don't take out loans to buy consumer items. Buy what you can afford.....
     
  13. noobinator macrumors 601

    Joined:
    Jun 19, 2009
    Location:
    Pasadena, CA
    #13
    $40/month is equal to or less than what some are paying for their iPhones now.
     
  14. rugmankc Contributor

    rugmankc

    Joined:
    Sep 24, 2014
    #14
    Don't get it. My 950.00 6s Plus cost me 47.00/mo. Now paid off. How is an 8 at say 1100.00 going to cost me 40.00 more per month? That said my current iPhone is doing fine and don't need to buy a new one.
     
  15. bigjnyc macrumors 603

    bigjnyc

    Joined:
    Apr 10, 2008
    #15
    it's an interest free financing program why spend your money up front when you can invest it elsewhere and put your money to work? Some people think that paying up front is smart but it really isn't... I could take that 1k and invest it and multiply it rather than spending it up front on a depreciating asset. Oh and purchasing cars upfront is not smart either... if it flies, floats or drives, lease it!
     
  16. hinesmj macrumors regular

    Joined:
    Nov 19, 2015
    Location:
    New York
    #16
    Love how this simple poll turned into a "holier than thou" financial advice thread...
     
  17. noobinator macrumors 601

    Joined:
    Jun 19, 2009
    Location:
    Pasadena, CA
    #17
    lol right

    So on that note let me add mine. In my mind agreeing to finance a phone over 2 years for the sole purpose of getting a greater return on the money (1000 up front or 40/month or whatever) is ridiculous. Sure if you take that whopping $1000 and invest it somewhere for 2 years and the investment does awesome you might make $100 on it. Subtract fees, subtract your time and effort into investing it, and you make nada if you value your time at all. Meanwhile I'll spend my $1000 on day one and not think the phone's price, the investment I could have made, or being locked to a carrier.
     
  18. Volgin Suspended

    Volgin

    Joined:
    Jul 17, 2017
    Location:
    Smithfield, RI
    #18
    It's still too expensive to pay for a phone. But if this is how people want to spend their money then God bless them.
     
  19. joeblow7777 macrumors 601

    Joined:
    Sep 7, 2010
    #19
    Just curious, but do you subscribe to the same philosophy when buying a house? (Assuming that you have, or intend to purchase one). buying a home outright with no mortgage is not realistic for most people.
     
  20. Dave245 macrumors 601

    Joined:
    Sep 15, 2013
    #20
    I'm in the UK so things are a little different, but I will be buying the iPhone 8 outright and then putting my current sim only inside and using that.
     
  21. rui no onna, Jul 25, 2017
    Last edited: Jul 25, 2017

    rui no onna macrumors 601

    rui no onna

    Joined:
    Oct 25, 2013
    #21
    In fairness, investing can be quite easy. One can simply add the money to a low expense ratio mutual fund (or maybe buy AAPL shares), set capital gains and dividends to reinvest, and be done with it. Probably takes less than 5 minutes.

    I reckon deciding what configuration of iPhone to buy probably takes more time for some folks on this forum.

    Caveat, investing does carry risk so it's possible for shares to lose their value, too.
     
  22. JPack, Jul 25, 2017
    Last edited: Jul 25, 2017

    JPack macrumors 6502a

    JPack

    Joined:
    Mar 27, 2017
    #22
    It may be interest free in the narrow sense, but you're limited in the ability to switch carriers to take advantage of better pricing.
    --- Post Merged, Jul 25, 2017 ---
    Where I live, detached homes cost two orders of magnitude greater than a new Honda Civic.

    ROI is of course available for almost any sum of money. For $1k is it really worth it? What about financing $500 or $100? My threshold is about $10k. At that point, I can use the money to invest in improving my rental properties to get an appreciable increase in ROI. If someone has to finance a $1k purchase, I would like to ask if they really need that $1k phone to begin with.
     
  23. Coconut_one, Jul 25, 2017
    Last edited: Jul 25, 2017

    Coconut_one macrumors member

    Joined:
    Jun 17, 2017
    #23
    No thanks here in the UK Contracts are expensive with low data usage.
    Sim plan is the way to go I'm currently paying
    iPhone 6 £9 4Gb Data sim with unlimited text and minutes
    iPhone 6 Plus £9 4Gb Data sim with unlimited text and minutes
    Samsung Galaxy S8 £18 30Gb Data sim with unlimited text and minutes
    three device's cost me £36 each month that around 48 dollars each month.

    I will save up for the iphone 8 outright and slap on my £9 sim.
     
  24. rui no onna, Jul 25, 2017
    Last edited: Jul 25, 2017

    rui no onna macrumors 601

    rui no onna

    Joined:
    Oct 25, 2013
    #24
    Not really. Pay off the remaining balance and you're good to go. Total amount is the same either way. On the newer plans with EIP, there are no other fees for cancelling your account.

    Recently unlocked an iPhone from AT&T (for international trip) and it only took like 30 minutes to process from when I requested the unlock (online form). Verizon is already unlocked from the get go.
     
  25. joeblow7777, Jul 25, 2017
    Last edited: Jul 25, 2017

    joeblow7777 macrumors 601

    Joined:
    Sep 7, 2010
    #25
    I don't understand how that's possible. Where I live a Honda Civic is maybe $16-20 thousand and average house prices are getting close to $1 million!
    (Canadian dollars)

    *Edit*
    Sorry, I misread! I somehow thought that you said that the Civic costs more! That made zero sense to me. :D
     

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