this post was submitted on 28 Mar 2024
1185 points (99.4% liked)
Technology
58303 readers
8 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If the phone costs $500, they simply increase your monthly bill by $500 / 24 months = $20 a month.
It's a bit more complicated than this, and they'll likely have some interest built in as well, but functionally, it's no different than being given a loan to buy the phone and then paying the loan off over the two years. That's why carriers often require a credit check before doing this.