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Who took out a loan to buy the X?
- Thread starter nyc999
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Why would you take out a loan? You either pay in full if you have the free cash and don't want to be tethered for a second or you utilized the interest free installment plan. No one is borrowing money to pay for the phone.
Paid in full. Never cared for installment plans. People who go for them always say they can use the money elsewhere in the meantime. But it's only a few hundred dollars. Are you really putting that to better use, like investing it? If you were, you'd have enough money saved for that already. Seems like people who do monthly payments are typically people who shouldn't be buying a new smartphone in the first place.
Exceptions being monthly payments to lease the phone. I know for most people there's no point in keeping old phones once you've upgraded, and it saves you the hassle of having to sell it yourself.
Exceptions being monthly payments to lease the phone. I know for most people there's no point in keeping old phones once you've upgraded, and it saves you the hassle of having to sell it yourself.
I would say the vast majority have a carrier/Apple Upgrade Program "loan" but it's 0% interest so why part with cash up front?
And if I want to upgrade to the fall 2018 model after 12 payments, I dont have to worry about private selling it. The carrier/Apple takes it back even if its worth less than what you owe on it.
And if I want to upgrade to the fall 2018 model after 12 payments, I dont have to worry about private selling it. The carrier/Apple takes it back even if its worth less than what you owe on it.
You could say that about half the threads here.
So the best response is to double down and make more nonsense posts, right.
As a business expense to qualify in the current fiscal year? That’s one reason to pay up front.
I remortgaged my home to finance my purchases today. No regrets.
Wow really, people who do installments shouldnt be getting one anyways!? If there wasn’t installments more than half wouldn’t be getting them. That’s abnoxious thing to say!
I donated both kidneys, half my brain, an arm and a leg and I'm surprised I can even type this post right now.
Nah, will use credit card and it will be outright with no monthly installments. If I can't or don't want it to get something else, then will cancel the pre-order.
This.
0% interest is free money. Anyone telling you it’s a bad financial decision doesn’t understand how it works.
Exactly. I can pay $1000 up front now. Or pay $50 a month and keep the other balance in my bank collecting interest. Plus because the value of a dollar is likely to change over the next 2 years, $1000 today is likely worth more than $1000 2 years from now. So, if you pay in full instead of 24 months, you are actually throwing money away. Even if you plan on keeping it for years to come.
Or why drop $1,000 right now just because? You'll make more money before next year (I would hope) to pay the $41/month payment and frees up $1,000 now to do something else with.
Same reason people finance cars at 0%, free money is free money.
Now if there was any interest I wouldve thought twice and bought it outright.
Same reason people finance cars at 0%, free money is free money.
Now if there was any interest I wouldve thought twice and bought it outright.
I am more than capable of funding the phone full retail price several times over and not flinch, yet I do the installments for ease of trade in instead of personal resale. But since I did installments, I shouldn’t have been getting a new smartphone? That’s an incredibly obtuse assessment of how people spend their money on electronics.
But its never worth less, i am going to sell my 7+ for $600. pay off $380 AND PUT $220 towards the X. If you turn it in you only get what you owe back...Its always the better option to private sell...
Okay, you clearly didn't read my comment in its entirety. I think it's obtuse of you to make an assessment of my comment without having comprehended it.
So far to date that hold true.
This year wasnt worth it to me. The risk with paypal scams etc wasn't worth the small profit on my 7 Plus 128gb.
Owe $434 to ATT, could get $550 n swappa right now looking at recent sales, minus $20 to them, 2.9% plus $.30 to paypal, and shipping cost with enough insurance and tracking (say $10-12). Would net all of $65 to take on all the risk of a chargeback scam.
That time into my business working is worth more than $65.
Ya i use to do paypal, i wont anymore they want too much. I do Craigslist now everytime and just meet at police station parking lot. i get $600 cash and dont have to ship.....Craigslist police station parking lot!!
This is the portion I was regarding. I don’t know how else to interpret this statement.
What does that even mean....I'm on the IUP so technically I'm on a loan with Citizen One. But do you really consider that a loan?....
Also I was actually about to just end the IUP, pay off left-overs, trade it in, and get the new phone. I have about 10 months left. In the end the remaining loan was higher than the trade in value.
So I'm glad I didn't pay everything up front. Otherwise I don't have the option to just turn it my phone and be done with the remaining amount. IUP saved me money.
Also I was actually about to just end the IUP, pay off left-overs, trade it in, and get the new phone. I have about 10 months left. In the end the remaining loan was higher than the trade in value.
So I'm glad I didn't pay everything up front. Otherwise I don't have the option to just turn it my phone and be done with the remaining amount. IUP saved me money.
Please learn how to read. You even quoted the portion in your original comment. Also typical =/= always.
It technically is a loan... however I feel that people get lost on the fact that it’s a n “interest free installment loan”.
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I’m perfectly capable of reading, so the direct insults are not needed. Instead of the direct insult, maybe you can try to clarify your position instead of being particularly vague in your defense to my statement.
Regardless of my pereference to trade in or not, you clearly made the statement saying that people who pay monthly shouldn’t be getting a new phone.