[Grombobulous]

That's exactly what I mean.

If you're the person who has leased this phone, you make all your payments and get to the end and your bill to keep the phone forever is going to seem kind of high.

Obviously, that's logical. In your lease, you have only paid the price of depreciation.

Just like with cars leasing is the most expensive way to own them, but I guess there's a certain buyer who doesn't want old stuff.

[blackqueeriroh]

You all really do not understand. Many people will gladly pay the $433 at the end because they’ve been able to get a new job and make more money in the interim.

[Grombobulous]

I think that a big chunk of those lessees will be deciding between coming up with $433 in cash or give the phone back and continue with the same payment and they’ll choose the latter.

But then again maybe the person doing the lease knows this already and just wants a new phone frequently.

My worry is that a lot of people will see a lower payment and not realize that they’re getting the phone at the end of the term.

[jedberg]

Except in this case you're not paying any extra. In fact it's cheaper to lease and then own an iPhone with this program because of the time value of money.

It's an interest free loan for 2/3 of the price.