So my dad's pretty stubborn and just needs the newest Iphone each time. I personally am not a big fan of them, but I've always just bought phones outright so I don't have to sign as I travel a fair bit.
He isn't interested in the Iphone 8 Plus but the X but I'm sure it will be on a similar basis. (Since the Iphone 8 was nearly the same as the 8+)
I decided to create an excel sheet with the differences between buying it on no contract vs 2 year contract, not exactly sure if I did it right?
Here is the prices per month if you buy the new Iphone 8 Plus
Here is what it would cost me If I wanted to purchase the Iphone 8 Plus with no contract and change phones (For 2 years) I'm actually paying $50 but added taxes...
$52 a month X 24 = $ 1,248.. If I paid for the full phone out right = $2,307.. for $96 a month if I decided it by 24 months.
Since he has 14 months left on his contract this is what it would look like if he purchased the phone without a contract, now this doesn't look great But it saves him for when he wants to upgrade again in 14 months. (He says he won't I know he will) He will be able to have my $96 a month rate afterwards if he buys a new phone.
My dad currently has 14 months left on the Iphone 7 Plus and is stubborn to renew and get the Iphone X.
His currently paying $85/month for 2GB of data.
It seems the amount you put down on a phone makes a difference in your plan per month.
For Example if you pay $559 for the Iphone 8 plus you can pay $95/month for the same plan that is $105 if you pay $359. (I think?)
I'm currently paying $50/month for my 4GB of data while he pays $85, which he was not allowed to be changed to since he was on a contract for a difference of $420 a year..
I mean buying for a two year contract vs getting the $65/month advertised rate on the website is huge over 2 years
Thoughts? Why are people buying contracts? Am I missing something, I realize it looks appealing to get a phone for cheaper, but is it actually worth it?
I'm assuming contracts should only be purchased when you don't have the money to buy a phone outright?