It will cost me $800 to get an iPhone?

Discussion in 'iPhone' started by bchamorro, Feb 23, 2009.

  1. bchamorro macrumors regular

    Joined:
    Dec 31, 2007
    #1
    I tried getting an iPhone 16gb online today and I wasn't able to because of my lack of credit (I'm only 21). I need to make the in store deposit of $500.

    So... I have to go to the AT&T store with $800???

    $500 deposit + $300 for 16gb iPhone?


    this is ridiculous:( :(
     
  2. Knowlege Bomb macrumors 601

    Knowlege Bomb

    Joined:
    Feb 14, 2008
    Location:
    Madison, WI
    #2
    Find someone to cosign.

    And then don't screw them by not paying your bill.
     
  3. eplchamps0304 macrumors 6502a

    eplchamps0304

    Joined:
    Jan 31, 2008
    #3
    I would consider it foolish to pay that deposit. It makes no sense why they would demand such a high deposit. It should be illegal.
     
  4. bchamorro thread starter macrumors regular

    Joined:
    Dec 31, 2007
    #4
    yeah, almost like buying 2 iphones
     
  5. motoracer1486 macrumors 6502a

    Joined:
    Sep 26, 2006
    #5
    Three options:
    1. Pay the deposit
    2. Get a cosigner (as was previously mentioned)
    3. Build credit, get a prepaid phone, and get an iPhone when you have good enough credit so you don't have to pay the deposit.
     
  6. bchamorro thread starter macrumors regular

    Joined:
    Dec 31, 2007
    #6
    I refuse to cosign.

    By the way, do I have to pay the deposit up front? Or will it appear on my next monthly bill?
     
  7. Hutch1 macrumors 6502a

    Hutch1

    Joined:
    Jul 24, 2008
    Location:
    Guelph, ON
    #7
    Think about that question, really think about it.:confused:
     
  8. NeoMayhem macrumors 6502a

    Joined:
    Aug 22, 2003
    #8
    You sure you dont have something bad on your credit report? I got a cell contract shortly after I turned 18 and there was no deposit requirement.
     
  9. JATF macrumors newbie

    Joined:
    Feb 23, 2009
    #9
    yeppers, 300+tax+500 deposit plus they bill you a month in advance so you'll have to pay a $100+ bill a few days latter. oh and the att reps i talked to said they don't offer cosigning.

    oh and i agree that the $500 deposit should be illegal because thats how much the phone costs unsubsidized. but since you can only buy it subsidized you need credit. it makes my head spin trying to understand the logic of paying a deposit, that you wont get back for a year, that equalls the value of the phone (or more with the 8gb) plus $200-$300. really should be a law against it
     
  10. Vandam500 macrumors 68000

    Vandam500

    Joined:
    Sep 29, 2008
    #10
    Same here. I got mines when I was 20 and have little credit but it's perfect credit (as in I haven't passed up a pay date).

    Rofl, I'm still 20:) March 17 can't come any sooner
     
  11. Knowlege Bomb macrumors 601

    Knowlege Bomb

    Joined:
    Feb 14, 2008
    Location:
    Madison, WI
    #11
    That's crap.

    I cosigned for a friend's phone line a couple years back. Maybe they changed their policies...
     
  12. AlecMyrddyn macrumors 6502

    Joined:
    Dec 5, 2008
    Location:
    Southern Maine
    #12
    Have you seen the economy in the past year? Lots of companies are in real trouble from giving credit too freely. In response, lots of companies are now not giving credit. Sure it's possible the OP has a bad credit score. But look at the current state of the economy too.
     
  13. JATF macrumors newbie

    Joined:
    Feb 23, 2009
    #13
    it seems like the iphone is the exception to many att policies.
     
  14. misterpasta macrumors member

    Joined:
    Apr 24, 2007
    #14
    Credit Crunch

    You unfortunately have no credit history. ATT is at risk as you will have a device that will cost nearly $100/month and the potential of more if you go over your minutes. We are in a world-wide credit crunch with people defaulting on loans daily.

    You're just in the wrong place at the wrong time in history.
     
  15. bchamorro thread starter macrumors regular

    Joined:
    Dec 31, 2007
    #15
    You nailed it. This is what is happening.
     
  16. eplchamps0304 macrumors 6502a

    eplchamps0304

    Joined:
    Jan 31, 2008
    #16
    They have been doing this for years, before the credit crunch hit.
     
  17. JATF macrumors newbie

    Joined:
    Feb 23, 2009
    #17
    i understand needing credit or a deposit for a subsidized phone but when the deposit is 2.5x the amount they are subsidising the phone and they expect you to pay a $175 etf, that almost covers the subsidy, if you default, somethings wrong.and this idea that i need a contract or credit for cell phone service is bogus. i don't need it for cable, internet, or home phone service. but thats just my opinion and i did pay that $500 deposit myself. so im a little hypocritical.
     
  18. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #18
    The deposit has nothing to do with what cellphone you pick. It has to do with AT&T's service. And that happens with every utility or cellphone company out there.
    In your past if you decided not to be responsible with your bill obligations then AT&T doesnt want to get stuck with someone who dont pay their debt. Therefore incase you dont pay they'll take it out of the deposit you put down. Its kinda like an insurance policy for them.
    You can either have someone else open an account for you or get a prepaid account thru AT&T and buy an iPhone thru ebay.
    Or pay up the deposit.
     
  19. synagence macrumors 6502a

    Joined:
    Jul 23, 2008
    #19
    They are covering the risk that you run off with the phone and run up a huge bill and then don't pay...

    You get the money back after a few months ... its just in lieu of having no credit ... get someone to co-sign ... much easier
     
  20. markgamber macrumors 6502

    Joined:
    Jul 2, 2005
    Location:
    Redneck, PA
    #20
    Perhaps you need to be a little more realistic. Like it or not this is the way it worked in good times and today the market hit a low not seen since 1997. Maybe you should start off with a minimal phone and plan....you know, something you can actually afford....and work your way up over time.
     
  21. Hutch1 macrumors 6502a

    Hutch1

    Joined:
    Jul 24, 2008
    Location:
    Guelph, ON
    #21

    +1

    Just get a cheap phone and pay as you go for a 6 or so months, pay you bill and pay it on time. Then get an iPhone, maybe the new one will be out with 1TB, MMS, video camera, 50MP camera, 1080i and a keyboard (the last part is a joke). Or maybe the iPhone killer the Palm Pre will be out by then and you'll have credit and won't be stuck in a two year contract.
     
  22. nfl46 macrumors 603

    Joined:
    Oct 5, 2008
    #22
    I had a $0 deposit. I got AT&T under my name at the age 20. I'm 21 now. But, I guess the reason why mines was $0 is because I have credit. (Car note, Off-Campus apartment, etc.)

    My friend, who checked with me during the time had a $500 deposit. She decided to stay with Sprint, but I joined AT&T, though.
     
  23. nfl46 macrumors 603

    Joined:
    Oct 5, 2008
    #23
    Oh, by the way, I wouldn't pay the $500 deposit, unless you're rich and don't mind spending $800 for iPhone.
     
  24. locifcan macrumors newbie

    Joined:
    Nov 6, 2008
    #24
    dont buy an $ 800 iPhone. To get a cosigner is a much intellectual way if you really want an iPhone.
     
  25. ppc750fx macrumors 65816

    Joined:
    Aug 20, 2008
    #25
    Why should it be illegal? They're allowed to charge whatever they like for the phone, either in the form of a sticker price or a deposit. If you don't like it, nobody's forcing you to buy the phone, or even to use AT&T.
     

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