$400 $49.99At our retail store, we emphasize to our customers the value of buying an unlocked or 'unsubsidized' phone. It has always occurred to me that when companies like Verizon or T-mobile offer these awesome new toys at prices like $49.99; it must be too good to be true. And it is...
They simply build the rest of the price of the phone ($400) into your 2 year contract that you must sign. In the long run, (2 years) you end up paying around $200 extra through your jacked up monthly bills.
"Let’s say that you buy a MyTouch 3G, one of T-Mobile’s most popular smartphones, for $400, and sign up for its unlimited voice, text and data plan for $60 a month. The total cost of the phone over two years would be $1,840.
If, instead, you buy the phone subsidized by T-Mobile for $150, that same plan will cost $80 monthly — bringing your two-year total to $2,070.
If you reject the subsidy, you’ll actually have $230 to spend two years from now, and $20 every month you keep the phone beyond that.
So... conventional wisdom tells us you should buy the phone upfront at full price and pay less monthly or; get a used phone from a cellphone recyclery and save even more money.
Check out this New York Times article for more info.
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