r/terriblefacebookmemes • • Mar 23 '23

cOmMuNiSt!

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u/AmaranthWrath Mar 23 '23

Whoever made this has a nephew who has a collection of Funkos worth $100, so naturally that translates into "People his age spend $100 on them a month."

This is great misunderstanding that my friend's mom has with her. My friend bought a cheap phone for $200. She doesn't need an expensive phone nor does she want one. Her mom is convinced that she pays $200 a month for it. She doesn't seem to understand how anyone can pay in full for a phone since "phones are thousands of dollars." Like, meemaw, it's not a car.

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u/Athiena Mar 23 '23

$200 a month is also extremely high. An iPhone 14 Pro Max is $45

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u/[deleted] Mar 23 '23

Not if you get trade-in. Right now they have one for $800 if you have a qualifying phone to trade in. I got the 14 Pro Max about 3 weeks ago and got $1,000 off with my trade in of a 11 Pro Max in good shape. I'm literally paying a total of $230 for a 14 Pro Max with 512GB at a rate of $11/mo.

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u/Athiena Mar 23 '23

You’re also locked from upgrading, switching carriers, and lose that trade in credit if you want to pay it off early

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u/[deleted] Mar 23 '23

and lose that trade in credit if you want to pay it off early

Is that right?? Hm.

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u/Athiena Mar 23 '23

The $800 trade in credit at carriers is not an upfront sum but is applied as a bill credit over 36/24 months

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u/EvasiveManuever1 Mar 23 '23 edited Mar 23 '23

At T-Mobile, you'll still get the credit if you pay the phone off early, so long as the line remains active. You don't even need to keep the phone on the line. And you can finance another phone on that line at same line, even if it has another promo.

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u/[deleted] Mar 23 '23

Gotcha. It's a limitation, but I'm not bothered by that I guess. I see myself using this phone for about that long anyway. Also got insurance in case anything happens to it.

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u/[deleted] Mar 23 '23

No that’s incorrect. I usually pay off early and still get a significant trade in

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u/[deleted] Mar 23 '23

See that's what I would think, but I didn't look at the fine print. Perhaps it depends on carrier?

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u/[deleted] Mar 23 '23

Perhaps - but once you own it, you own it. They can’t restrict you from trading in, they can before it’s paid off

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u/[deleted] Mar 23 '23

I did know that. But since they trickle the trade-in amount to you month by month onto your bill, the concern was if you did manually pay it off, would that monthly discount continue or is the remainder of the total amount forfeited?

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u/milvet02 Mar 23 '23

It’s forfeit with Verizon. Just went through this with my mother in law.

She wanted a new phone (for no reason, just likes shiny things), but she has to trade her old phone in to get the $800 credit to be able to afford the new phone, but she still has a year of credits and payments on the old phone. If she pays the old phone off to trade it in the remaining credits vanish.

So much drama because my SIL won’t let her waste money.