this post was submitted on 17 Oct 2024
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[–] HobbitFoot@thelemmy.club 12 points 4 months ago (23 children)

It isn't been a hidden cost for a while. Phone companies sell the phones at full price, but consumers want the 2 year 0% APR financing.

[–] sugar_in_your_tea@sh.itjust.works 9 points 4 months ago (22 children)

If consumers bought the phones from a third party, there'd be absolutely no reason to lock the phone to a carrier. But when carriers also provide the financing, there's an incentive to keep them on the service until the bill is paid. Screw that.

[–] HobbitFoot@thelemmy.club 4 points 4 months ago (5 children)

But who is going to provide the financing otherwise?

[–] mightyfoolish@lemmy.world 1 points 4 months ago

PayPal credit is an option. No interest if you pay it off in 6 months.

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