[gruez]

I checked the price for a used iPhone 15 pro (ie. 2 year old iPhone) on ebay and it's around $400-$500. Therefore the implied depreciation of the lease is pretty fair, unlike the lowball offers you typically get for trading in a phone.

[s0rce]

I just bought a 1 year old iPhone 16 on Facebook marketplace for $400. You can find pretty good prices if you don't need the latest device.

[olyjohn]

I'm not sure why this was downvoted. Plenty of iPhone 16s on swappa for around this price.