Hacker News new | ask | show | jobs
by beefalo 1880 days ago
Most cell phones are leased already today
2 comments
Karunamon 1880 days ago
No they're not. Leasing implies a limited, fixed term. Financing and leasing are two different transactions.
link
michaelmrose 1880 days ago
That is only untrue because owning the phone would be disadvantageous to them. It's vastly more advantageous for them if you own it and are obliged to pay them for it because you own both pieces if it breaks.
link