Quote:
Originally Posted by ApK
Can be, but the intent of those programs (Verizon Edge, etc) is to get you to keep getting a new phone at a non-subsidized price, and keep making payments.
And while I'm sure you can, as you suggest, just hold on to one phone and keep using it after it's fully paid off, Personally, I'd prefer to get that phone, or a similar one, for $20 dollars with a subsidy rather than pay back that interest free loan for $500. :-)
As long as I'm happy with my carrier, anyway.
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The problem with the subsidized phones is that you pay an extra $25 every month and that extra doesn't go away after the phone would have been paid in full. I'm glad they got rid of that and I pay full price for my phones. I got the original Nexus 5 32 gb for $350. If that was on contract after only 14 months I would have paid $350 extra and every month after that the phone company wins.