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Sunday, November 16, 2014

365QOD- Day1378

Purchase vs. Buy

"You need to pay $34 dollars per month for next two years."- the words of a salesman

I recently had to upgrade my phone.  My Note 1 finally stopped working properly and I had to replace it.  The phone purchase this time around was very different than three years ago.

It seems that the phone companies are very content to let you purchase the phone instead of a monthly charge.  So for example, instead of paying 299 plus a monthly uptick of 25 dollars for 24 months I could keep my current plan and simply pay $34 per month for 24 months.  So the two year contract price was 299+24*25= 899. The purchase price is 34*24= 816.

I am very skeptical of cell phone companies.  So why would a company allow me to not have a contract and pay less? Competition from other carriers?  It has to be.  I still think the 800+ dollar price is way too high BUT that is reality. 

Today's question is:
"Would you get in a contract of you do not need to?"

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