Anyone else get on last years iPhone Forever plan? I wasn't planning on upgrading but after reviewing my Lease Agreement then now I'm on the fence.
Here's my Lease Agreement so far:
iPhone 6S+ 4GB
$518.00 - Total Lease Agreement Amount
$23.77 - Lease Charge (11 of 22) ($7/mo promotional discount until your first upgrade)
$256.53 - Remaining Lease Commitment
$191.00 - Purchase Option Price (After you finish 22months you pay this to own it)
$447.53 - Lease Buyout Cost
I was considering just buying out my lease but I was surprised to see that over the last year I've only paid $261.47 for my leased phone so $447 seems like a lot to own a year old phone. Its funny because Leasing seemed crazy a year or two ago but after going the math then its actually coming out ahead.
So, I'm curious about others who are on iPhone Forever. Are there any promos out there? What do you plan to do? Keep your phone? Trade in? Buy it out? We're almost at upgrade time so it doesn't hurt to make a game plan early.
Here's my Lease Agreement so far:
iPhone 6S+ 4GB
$518.00 - Total Lease Agreement Amount
$23.77 - Lease Charge (11 of 22) ($7/mo promotional discount until your first upgrade)
$256.53 - Remaining Lease Commitment
$191.00 - Purchase Option Price (After you finish 22months you pay this to own it)
$447.53 - Lease Buyout Cost
I was considering just buying out my lease but I was surprised to see that over the last year I've only paid $261.47 for my leased phone so $447 seems like a lot to own a year old phone. Its funny because Leasing seemed crazy a year or two ago but after going the math then its actually coming out ahead.
So, I'm curious about others who are on iPhone Forever. Are there any promos out there? What do you plan to do? Keep your phone? Trade in? Buy it out? We're almost at upgrade time so it doesn't hurt to make a game plan early.