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Apple Introduces Leasing Program for iPhones and Other Devices (www.nytimes.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 1 point 6 days ago* (1 child)

For the people that do it, if you paid $1099 upfront, and then sold it after a year to buy the next upgrade, how much would you get for the 1 year old phone?

That'll help decide if it's worth it or not, and I'm sure there will be deals that put it in your favor at times vs buying outright.

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  • [+] 1 point 6 days ago (1 child)
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  • [–] 1 point 6 days ago*

    If you buy a phone and sell it after a year, you have 'nothing'

    If you buy it outright you spend $1000 and resell it for $500 you have $500

    You lease it for $500 you still have $500

    But that has to be your original plan to get a new phone.

    Sometimes, the lease deals work in your favor and you'll end up with more than the resell value. Sometimes you can get a really good outright deal too.

    Edit: and without a lease deal, outright usually wins.

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