Quote:
Originally Posted by pipsters
Frugal people don't buy cell phones on two year contracts. We use prepaid after buying a used phone. Lots of good options out there.
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I had that question myself. I didn't think there was a difference in where you bought a phone under a two year contract.
In general, anything that offers you something brand new for easy monthly payments is generally going to cost you more in the long run. You don't have to buy used, either. Just not the latest and greatest model.
I had this discussion with my brother last May. He wanted a nice Samsung TV for $1700 (brand new model). He said there 9 Samsung 55" models between $780 and and $1600, and 10 Samsung 55" models between $2000 and $3500. By his reasoning he was getting a good TV with beautiful signal processing, but he was sensible (frugal?) enough not to jump the gap between $1700 and $2000.
But as is common with new models it dropped $200 in three weeks and kept going down from there. It makes a big difference to buy something that was the latest and greatest two years ago.