Lease Or Buy: Cell Phone

The choice between leasing and buying a cell phone depends on whether you prioritize low upfront costs and frequent upgrades, or long-term financial savings.

Here is a story of two friends that illustrates the real-world impact of both choices. 📱 The Tale of Two Upgrades cell phone lease or buy

Sarah and Mark both needed new flagship smartphones. The retail price for the phone they wanted was . They had completely different financial philosophies. 💳 Sarah Chooses to Lease The choice between leasing and buying a cell

At the end of 12 months, Sarah had paid . A newer model was released. She traded in her current phone, wiped her remaining lease balance, and started a brand-new lease for the new model. wiped her remaining lease balance