| |
| ▲ | nozzlegear 6 hours ago | parent | next [-] | | People have been leasing phones since at least the mid naughties, they just did it via their carrier. I distinctly remember standing in the Alltel store in 2006-ish, before it got gobbled up by ATT, and wondering if I could afford the extra $15/mo that the new Nokia candybar phone would run me. The only thing that's new is that Apple is offering it directly. | | |
| ▲ | beAbU 6 hours ago | parent [-] | | Leasing, as in long term renting, required to give it back after the lease period, in near perfect condition, or face a penalty? Or financing, paying it off over a fixed term, after which you own it outright? The latter, I understand. And I'm also familiar with it. But the former, I find hard to believe. Although, I'm not from the US. Are you telling me people rented nokia bricks in the aughts? | | |
| ▲ | nozzlegear 6 hours ago | parent | next [-] | | You could and still can do both from your carrier, it's pretty standard. In my experience, it's somewhat uncommon for people to actually buy their phones outright unless you make a lot of money (like the folks who tend to frequent HN). Every two years, my wife and I would sign up for a new 24-month contract, which would include two new phones. After those 24 months, we could keep paying off the remainder of the phones and keep them, or we could return them and start a new contract with new phones. > Are you telling me people rented nokia bricks in the aughts? Myself and my family did, for sure. My parents made me pay my own phone bill too, so I spent a long time in the Alltel shop staring at the different phones and probably annoying the clerk. | | |
| ▲ | officeplant 5 hours ago | parent | next [-] | | > it's somewhat uncommon for people to actually buy their phones outright unless you make a lot of money Or like many of us, you buy cheaper phones outright for your prepaid phone plans. The fact that people still go for contract phone services and finance a new phone every two years blows my mind. Especially when I can get all the data/minutes/texts I need for $15 a month on a service like Tello, and just get a phone for $200-400 that I can use until it dies. Which is currently a used iPhone 11 I recently opened up to replace the battery. | |
| ▲ | beAbU 5 hours ago | parent | prev [-] | | See my comment elsewhere in this thread, but you are blowing my mind. I'm not from the US and I did not realize that renting a mobile device was actually this common. I'm one of the lucky 10,000 today, thanks! |
| |
| ▲ | stillpointlab 5 hours ago | parent | prev | next [-] | | I mean, you might find this hard to believe since you have a fixed view, but I'm old enough that we had one of those old-school rotary phones. My family literally leased that phone as part of our phone bill up until the late 90s. I recall at one point we were forced to trade the rotary for a push button since the telecom was discontinuing support. When "caller id" became a new feature it only worked for the first while on the rented phones. To this day, I suspect many people have a line-item on their Internet bill for their modem/router rental/lease. Why you would find this hard to believe is actually the curious thing to me. | |
| ▲ | what 4 hours ago | parent | prev [-] | | 1. You can buy it outright at the end of the term by paying the remainder of the sticker price if you really want to keep it. 2. If you’re upgrading your phone on a one or two year cycle, you end up paying the sticker price minus the trade in value at the end of the term. I don’t really see an issue in either scenario? |
|
| |
| ▲ | Danox 4 hours ago | parent | prev | next [-] | | Most people are short-term thinkers if you talk to anyone around you at work, school or at home and if you merely suggest saving and controlling their spending briefly to buy something in the future good luck. I have given up. I just buy more shares of blue chip companies and let them pay in the future for anything I want to buy. | | |
| ▲ | cesarvarela 3 hours ago | parent [-] | | A little bit of this, a little bit of that, we know the average, but we don't know how much time each of us has on this earth. |
| |
| ▲ | reaperducer 6 hours ago | parent | prev [-] | | If leasing a fucking phone isn't a sign of the times then I don't know what is. People have been leasing and renting phones since the 1930's. I guess you missed out on the Ma Bell century. | | |
| ▲ | beAbU 5 hours ago | parent [-] | | I honestly did not know this was a thing until today. I'm not from the US. Where I'm from, it is common to finance a phone as part of a mobile contract: your monthly payment includes a device payment and the network subscription cost. Typically 24 months, but in recent years I've seen 36 month contracts as well. But at the end of the term the device is yours outright. No further down payments needed. Usually the device payment is effectively 0% APR over the 2 years, so it's a pretty lucrative deal. I've purchased all my phones this way over the past 20 years. | | |
| ▲ | what 4 hours ago | parent [-] | | Then you’d like the upgrade program? The only difference is there is a final balloon payment for it to be yours. You end up paying exactly the same as paying up front. |
|
|
|
