Finance an iPhone – Can the less fortunate afford the top of the line iPhone?

Dell does it with computers – they let you purchase an eleven-hundred dollar machine and make monthly payments of anywhere from $30-$60 until the computer is paid off. I think it would make a ton of sense for AT&T to offer iPhone financing and iPhone payment plans for people who aren’t able to shell out five or six hundred dollars for a single phone. Lets say someone only wants to spend about $100 on a new phone – what AT&T needs to do is sign this person up on a new plan at $59.99/month and collect a $100 down payment on the phone – then just collect $20, $25, $30 per month or whatever it takes for however long it takes (an of course with a little interest stacked on top) to allow the new subscriber to pay off their brand new iPhone.

As of right now, it doesn’t seem like too many people are having any problems affording the Apple iPhone, but in a couple weeks or a couple months went the initial hype and craze wears off, financing options and monthly payment plans for the iPhone might be just the thing that will make it a feasible option for the masses.

I know, I’m just rambling, and finding a way to put Americans further into debt, but if I didn’t think up this solution, certainly someone else would. So spend on America… spend on… and stay tuned for a (in my opinion) soon to come Apple iPhone financing option.

What do you think? Would you finance an iPhone? Let’s hear your remarks!

12 thoughts on “Finance an iPhone – Can the less fortunate afford the top of the line iPhone?”

  1. Why the hell would anyone want to finance a phone anyways. It’s 500 bucks, not 5 thousand. Besides, if you have to finance something as minor as an iPhone, then you shouldn’t have one. It’s out of place. You know, like seeing a kill billy in a BMW, or a convenience store clerk with a rollie.


  3. I didn’t say no one should ever finance anything, and I didn’t say I have a ton of money to throw around. Tell me *why* someone living paycheck-to-paycheck needs a $500 phone which is really a glorified toy. Why isn’t a $50 phone good enough? Why isn’t the free phone that you can get with most new phone plans enough? This editorial specifically mentions “someone only wants to spend about $100 on a new phone.” For $100, you can get a phone with plenty of features, it jsut won’t be as slick as an iPhone. Americans have a real problem with spending above their means, and if you finance your toys, you’re contributing to that problem.

  4. you know sometimes, us the people that live check-to-check, like to get little luxury things to enjoy some of the things that the more fortunate people have. I dont mind adding an extra 25 to my monthly payments but there is no way I can pay 500 right out of my pocket. and i love hi tech electronics, and a free phone just doesnt doit for me, plus an iphone is something i can really get the most out of.

  5. not everyone s got 500 bucks to spend on a fon… finance would be ideal for many ppl ….. including me.. hope apple and O2 in the UK realize that too….

  6. Finance would be a GREAT option for people living paycheck to paycheck or for COLLEGE STUDENTS. Most college students could really use a phone with all the capabilities that the iPhone has.

  7. Sorry what? If you can’t afford it you don’t need it?
    Let’s look at that.
    Firstly speaking generally if someone can’t afford heating in the winter that doesn’t obviously mean that they don’t need it.
    If a 3rd world country can’t afford something, do they not therefore need it either?
    To stimulate economic growth, to improve organisation and connectivity, that may in some way tie to yourselves, accessibility is required on all fronts. By constraining accessibility a business loses out on, in this case, a major market. Why would they even do that initially?
    Finance options makes a product more accessible and thus makes it feasible to reduce prices as a result of a maintained net gain.
    More accessibility means more money can later be spent on relevant products, services, applications, e.t.c. (I.E. improving it’s market.)
    More money is in turn generated from finance options due to interest on the repayments.
    By not offering finance options a clear divide is struck between who has the money available and who doesn’t.
    Who wins?
    No one.

    Next time seriously just don’t bother posting if it’s going to be an annoyingly vastly incorrect judgement.

Leave a Reply

Your email address will not be published. Required fields are marked *