We Just Thought, 'This Is How You Start a Company in America'

Re:We Just Thought, 'This Is How You Start a Company in Amer... by jimmaswell on Saturday October 25, 2014 @06:34PM (#8509608)

Do people really use loans for iPhones?

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Re:We Just Thought, 'This Is How You Start a Company in Amer... by amalcon on Saturday October 25, 2014 @08:12PM (#8509857)

Yes, in two ways:

- By buying on a subsidized contract, you've effectively used a loan for an iPhone. It's not different just because the phone company issued the loan.

- By using a loan for something else (e.g. tuition, automotive, housing), and then buying an iPhone instead of paying down the loan

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Re:We Just Thought, 'This Is How You Start a Company in Amer... by jn1234 on Saturday October 25, 2014 @09:44PM (#8510023)

I wouldn't consider buying an iPhone on a subsidized contract a loan because you are just commiting to have service for a set period of time. You would be paying the same amount for service regardless if you were under contract or not.

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Re:We Just Thought, 'This Is How You Start a Company in Amer... by ceejayoz on Saturday October 25, 2014 @09:56PM (#8510040)

> You would be paying the same amount for service regardless if you were under contract or not.

No, it's lower if you bring your own device with most carriers. http://www.att.com/shop/wireless/byop.html

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Re:We Just Thought, 'This Is How You Start a Company in Amer... by vineetch on Saturday October 25, 2014 @08:04PM (#8509831)

I've known people who've subsidized their phones and unnecessary possessions with college loans, yes.

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