Just curious.
Looks like a lot of people buy off contract. I have never done it. What are the top reasons for doing so and what is the cost difference (over time)?
I'm on a "share everything" plan with 4 lines. I'm assuming it's a lot cheaper to remain on this plan vs going "no contract"?
you can do the math... so lets consider you wanna buy iPhone 5s 16GB from Apple ... now that phone costs 650$ plus Tax... so lets say 700$. and you want data plan and calling, so that will cost you 50$ minimum.. so for 2 years you pay : 50 X 24 + 700 = 1900 $
Now lets consider you buy on Contract from AT&T... so you get the phone for 200$.. and you pay 60$ per month for 2 years ... which comes to : 60 X 24 + 200 = 1440 + 200 = 1640
so its not much of a difference over a period of 2 years span... now there are various various variables involved.. like which phone you wanna buy (expensive or cheap) , do you want a family plan , etc.
Pro's for Contract:
You know where to go when phone is damaged
Family plans are good to save money if you have friends/families on same network
One time payment of Phone is cheaper. As you get subsidized price
Cons:
You get stuck with same carrier for 2 or more years
Carriers update android phones very late
Thats all i can think of...