Add Phone Lease For Free

do you have your eye on your smartphone but aren't sure which purchasing option makes the most financial sense well in this video we're gonna be looking at three things to consider when it comes to buying or leasing a new device hey everyone this is Kyle for money at 30 and on this channel we look at personal finance from a millennial perspective including videos like this one answering your money questions so for the past few years the process of buying a new smartphone has changed significantly you may remember the days where a new phone would cost you only a couple hundred dollars up front but lock you into a multi year service contract now while you may be paying more for your smartphone upfront you know I'd only have more choices in terms of plans but also have the option to lease your phone instead of buying however there is no one-size-fits-all solution for every situation with that in mind we're gonna take a look at three different things to consider when determining if you want to buy or lease your cell phone the first factor to consider is how long you plan on using your phone for although leasing plans will likely entitle you to upgrade to the newest model a phone every year this means that you're never free of making payments on your phone and never actually own it that's why some users may prefer to buy their phone outright or finance their purchase with a monthly payment plan well you may have to fight off playing obsolescence and perhaps some tech envy you can realistically use your device for several years saving you a significant amount of money additionally if you own the device free and clear you're able to do whatever you like with it once you do decide to upgrade this could mean selling it on sites like Craigslist eBay or gazelle passing it down to a friend or loved one or just using it in a Wi-Fi mode to play games listen to music and take photos another thing you want to think about is whether or not you need the device to be unlocked if you're not familiar what it means for a device to be unlocked it's just that it's not tied to any particular network so this can be important if you want to switch carriers or if you're gonna be traveling overseas and want to use an international SIM card most the time in order to unlock your phone you'll need to own it outright as a result if having an unlocked phone is important to you leasing might not be an option similarly if you're financing your device be advised that you may only be able to request an unlock after you're paid in full finally one case to be made for leasing a phone that you might not have thought of involves security as phones or computers are getting smarter hackers are also finding new vulnerabilities to exploit within them in some cases these issues may be fixed with a simple update but unfortunately these updates may not be available for older devices thus by leasing a phone and keeping up with the latest and greatest there's also the chance that you'll be...