Why I'm upgrading and switching to iPhone

Discussion in 'iPhone' started by travisiscoolest, Sep 13, 2012.

  1. travisiscoolest macrumors newbie

    Joined:
    Sep 13, 2012
    #1
    Really, it just makes more financial sense, and it maximizes my experience while I'm paying Sprint $60 a month. I know that if I buy an iPhone, a year later, I'll still be able to fetch at least $300 for it, which would offset the ETF and then some.

    iPhone 5:
    199.00+36.00 activation fee=$235.99
    12 months of service at $60/mo=$720.
    ETF w/ 12 mos left=$240
    So, the total cost of owning an iPhone after a year=$1195.99
    But, you sell the iPhone for maybe $300, and total cost is really $895.99.

    Compared to, say a Galaxy SIII after a year
    149.99+36.00 activation=$185.99
    12 months of service at $60/mo=$720.
    ETF w/ 12 mos left=$240
    The cost here is $1145.99.

    So, you'd have to sell the GSIII for at least $250 to match how much it'd cost owning the iPhone 5. Chances are, I'll have a better chance of fetching $300 for the iPhone (or more) versus fetching $250 for a SGSIII...

    Sprint offered me an early upgrade buy-out for $60 (I'm 18 mos into contract, was originally eligible in January 2013) but since they also offered to buy back my HTC Evo Shift for $60, it cancels out (I don't think it's worth the effort and time to make another $10 or so by selling it on Ebay)...so that's how I came to where I'm at now...
     
  2. charliecc, Sep 14, 2012
    Last edited: Sep 14, 2012

    charliecc macrumors regular

    Joined:
    Jul 24, 2008
    #2
    Wow, you guys are getting raped in the US, you need some decent regulation.
     
  3. Surrylic macrumors regular

    Joined:
    Jun 26, 2010
    #3
    Yeah we do lol. I hear prices in other countries for cell service is way less...

    Hey OP, I'm in the same boat as you. I switched to an Android phone in February and WOW was I blown away when I saw how much it's worth on eBay right now... way less than I'd hoped it'd be :eek: Apple products hold their value way way better.
     
  4. charliecc, Sep 14, 2012
    Last edited: Sep 14, 2012

    charliecc macrumors regular

    Joined:
    Jul 24, 2008
    #4
    If I was so inclined I could pick up the iPhone 5 16GB, unlocked, for £530. Stick in a SIM with as many mins and texts as I'll ever need and 1GB of data for £10 a month. Total cost for a year: £650. Sell the phone after a year for about £280, total cost ~ £370 = $600.

    No doubting Apple products hold their value much better. However, Android phones also get discounted, unlike Apple, so if you can bare to wait > 1 month after an Android phone is released, you can probably save what it loses in resale value of the iPhone.
     
  5. Surrylic macrumors regular

    Joined:
    Jun 26, 2010
    #5
    It's amazing that the best deal for an iPhone here is about $45 USD/month. You make a very good point about Android phones getting discounted, I never took that into account before. If I ever give Android another try I'll be sure and wait a couple months after release before picking it up..
     
  6. travisiscoolest thread starter macrumors newbie

    Joined:
    Sep 13, 2012
    #6
    not to mention, new Android phones came out every few months (at least in the past, not sure about the future). and updates are horribly slow-even old iPhone 3G's still get updated. Android? Don't even think about it if your phone came out a year ago
     
  7. austinguy23 macrumors 6502a

    Joined:
    Oct 8, 2008
    #7
    "Decent regulation" is an oxymoron.
     

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