So you are saying everyone should pay $400 for the 16GB iPhone SE? Rather than $300 with interest free financing? Even though you can pay off the full balance at anytime. You keep making financial decisions based on emotion. I'm sure that will work out in the long run.
These days public corps are run by a bunch of bean counters who's job is to make the books look the best they can so they can satisfy what we call the legal gambling casino aka Wall Street stock markets.
It use to be instant discount up front. then we moved to rebates which are mailed in 4 weeks. then 8 weeks. Then 12 weeks. Some are now 12-16 weeks. Now we introduce these discounts which are a smoke screen because you get paid a visa prepaid card which can't be used as pure cash but instead like a debit card. You don't even get these now you get the discount thru carrier billing cycle refunds. Which now can take up to 3 billing cycles.
These are all fake ass rebates and discounts because if it takes a whole 3 months or longer to receive your initial discount you really are paying up front for everything. These carrier's just want their books to look good every quarter as in no loss in paying out to anyone for anything.
this entire world is full of deceit. My motto is if you can pay cash for something like a phone, pay for it in FULL. Do not do any EIP, installment plans, etc. You can't afford the phone to begin with unless you have the cash up front. It's just ridiculous your can't save enough for this device you'd have to do some form of loan payment plan.
American finance education - only for corporate suit and tie business scam-men and Wall Street rapists. People really need to educate themselves on how to not f-themselves over in debt especially over something like a phone.