Ledsteplin
Ambassador
Contract! My wife just upgraded from a puny LG Enlighten to a 32 gb iPhone 5c. She got it free with Verizon's 2 yr contract. It's hard to beat free!
Sent from from my iPhone 5
Sent from from my iPhone 5
My question is, are people really buying iPhones on eBay on launch day for $800+? Does that take into account sales tax on the phones from the Apple Store, shipping fees, eBay & PayPal fees?
I'm in New Jersey, USA and sales tax is 7%. So add that to eBay & PayPal fees of 12% combined, and you're losing almost 20% on every device before you factor in shipping. I tried that scheme before and realized I wasn't really saving as much as I thought.
Figure, if you buy a new iPhone for $599.99 + 7% tax, your total is $641.99. Then you sell it for $800, eBay takes $72 (9%), PayPal takes $24 (3%), and you cover shipping for say $15, then deduct the $641.99 for the iPhone, you wind up with a profit of only $47. Not to mention, on the old iPhone you sell for $400, eBay takes $36, PayPal takes $12, and you cover shipping for $15 again, you wind up only getting $337. Subtract $337 and the $47 profit on the other iPhone from your new iPhone price of $641.99, and your upgrade costs $257.99.
If I'm missing something, let me know. I'd love a way to make this viable myself.
I've never once had a contract. I go through way too many phones for this to benefit me at all. I have financed one phone, I regret this decision and won't do it again. I don't like having higher bills due to paying off a phone. If I really want it, I'll sell what I have and put money saved to cover the difference.
Though I'll likely not be buying another android that costs $800 again. Unlike the iPhone, these depreciate in mere minutes.
?Sent from the colored one using Tapatalk?
Contract for me, over $800 for a phone is to much to swallow for me. (I buy the 32GB models)