{"id":2321,"date":"2019-06-10T19:17:02","date_gmt":"2019-06-10T19:17:02","guid":{"rendered":"https:\/\/www.planhub.ca\/blog\/?p=2321"},"modified":"2022-03-10T16:42:19","modified_gmt":"2022-03-10T16:42:19","slug":"is-leasing-a-phone-a-good-idea","status":"publish","type":"post","link":"https:\/\/www.planhub.ca\/blog\/en\/is-leasing-a-phone-a-good-idea\/","title":{"rendered":"Is Leasing a Phone a Good Idea?"},"content":{"rendered":"

With each new generation of smartphones, devices are becoming more and more expensive. Some phones cost can cost as much as $2000<\/a>! So if you are amongst those who are reaching ever deeper into your pockets in order to keep up with the latest and greatest – take courage! Is leasing a phone a good idea? Depending on your specific situation, it could be a great idea.<\/span><\/p>\n

Every year a new range of smartphones show up on the market with new features and options and we know how hard it is to contain the urge to upgrade. But slowly over the past few years, base prices for flagship phones from all the major providers has gone steadily up making it ever more expensive to keep upgrading. <\/span><\/p>\n

Eg: An iPhone Xs Max (512 GB) <\/span>costs upwards of $1000<\/span><\/a> upfront<\/span> with most major carriers and even with some budget carriers! And that is not including the monthly tab and plan charges.<\/span><\/span><\/p>\n

With prices like that, even carriers are feeling the need to offer cheaper options for upgrading. One such option is to lease your phone instead of buying it. This option has existed south of the border for a while now, but is relatively recent in the Canadian market. So we, at <\/span>Planhub<\/span><\/a> decided to explain you how this works ! <\/span> <\/span><\/p>\n

 <\/p>\n

Leasing Cell Phones – What Does it Mean?<\/span><\/strong><\/h2>\n

Leasing cell phones works a lot like leasing your car. You get the phone at a cheaper rate upfront, but at the end of a two year contract, you have to bring it back to the carrier in \u2018good working condition\u2019. You could then go on to lease the latest device again and the cycle repeats.<\/span><\/p>\n

If you would rather keep your phone, you also have the option to pay the difference between the regular price of the phone and the discounted price you received up front, and keep the device. <\/span><\/p>\n

But that is not the whole story. There are a few more factors to consider and for your convenience, we\u2019ve broken them down into a handy pro and con list. <\/span><\/p>\n

\"Leasing
Phone leasing may be a good alternative<\/figcaption><\/figure>\n

The Pros:<\/span><\/strong><\/h3>\n