Which way is cheaper, 2 yr contract or paying monthly?

Discussion in 'iPhone' started by Diesel350, Sep 9, 2014.

  1. Diesel350 macrumors newbie

    Joined:
    Aug 24, 2014
    #1
    So now that we know prices I'm trying to convince my wife that going with a NEXT Plan and paying monthly is the cheaper route. Thoughts?
     
  2. verseafterverse macrumors member

    Joined:
    Mar 17, 2013
    #2
    I bought my virgin mobile iphone for about 600 and pay 35 a month with no contract its worth it if you can tolerate virgins network I my self have no problem with it although there android phones are garbage from experience.
     
  3. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #3
    It depends on your plan particulars. For me, with my family of 4, my monthly payment dropped $100/month when I switched us over to NEXT. Haven't bought any new phones yet. I'd check with AT&T and see which one would be best for you.
     
  4. Diesel350 thread starter macrumors newbie

    Joined:
    Aug 24, 2014
    #4
    I just calculated it and it seems that the 2 yr route is cheaper by like $50. Anyone else getting that?
     
  5. hansonjohn590 macrumors 6502

    Joined:
    Sep 14, 2013
    #5
    Hasn't it been universally proven by now the NEXT plans are a huge ripoff? You are paying for both the device subsidy + the price into the plan itself. And after it's all said and done you don't actually get to keep the phone you paid for.
     
  6. rockitdog macrumors 68020

    Joined:
    Mar 25, 2013
    #6
    Dude, I've tried to explain that! I give up. Nobody gets are cares about that. They all say "but what if I don't plan to trade it in".... I give up explaining to people why all of those plans suck.
     
  7. Diesel350 thread starter macrumors newbie

    Joined:
    Aug 24, 2014
    #7
    Huh? Pretty sure if you pay all the installment payments after 12/18 months you get to keep the phone. Not seeing anywhere that after you make all payments you are returning the phone.
     
  8. Gizmotoy macrumors 65816

    Gizmotoy

    Joined:
    Nov 6, 2003
    #8
    You've probably had trouble explaining it because it's wrong.

    If you're on NEXT or out-of-contract, you get $15 or $25/month off your mobile share plans (per line), depending on how much shared data you've selected (>=10GB gets $25). You CAN upgrade every year, but if you make your 20 or 24 monthly payments you keep the phone. If you trade in a 12 months, they use the residual value of your phone to pay off the rest of what you owe.

    It's not that bad, especially if you're already on a mobile share plan.

    For my setup, it looks to be a bit cheaper (~$70) to buy two 6s outright and take the $25 discount per line.
     
  9. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #9
    He still has the initial NEXT plan in mind before they changed their plans. The initial next plan was a definite rip off.
     
  10. andyACEcandy macrumors 6502a

    Joined:
    Feb 11, 2008
    #10
    Isn't it the same? Speaking from T-Mobile perspective

    Don't I just pay a monthly fee of like $30/month and then when the iPhone 6s comes out, I trade the 6 in and continue making payments for the 6s? Rinse and repeat...

    Or am I missing something here?
     
  11. sqa4life macrumors regular

    Joined:
    Jun 27, 2011
    #11
    I like your explanation. However, how could you calculate the "buy outright" price? they didn't announce the non-contract price for any iPhone 6 :)
     
  12. Gizmotoy macrumors 65816

    Gizmotoy

    Joined:
    Nov 6, 2003
    #12
    Before the store went back down, they had no contract pricing quoted for T-Mobile. It indicated the subsidized price is $450 less than the retail price. A hefty subsidy, to be sure, but over 2 years that's only $18.75. If you're on mobile share with >10GB, there's the potential to save money off-contract (or with NEXT) by taking advantage of that $25/line/month discount.
     
  13. rui no onna macrumors 601

    rui no onna

    Joined:
    Oct 25, 2013
    #13
    We currently get the $25 per line per month discount so Next is cheaper for us.

    iPhone 6 Plus 64GB

    2-year contract
    $399 + $25*24 = $999 (waived upgrade fee)

    Next 12
    $42.50*$20 = $850
     

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