Companies with high-end products have the biggest profit margin cushions to deal with. I had little sympathy for Apple raising prices already, but this is absurd.
This sounds exactly like what the major cell providers do with phones, or at least what AT&T does. Monthly interest-free payment to pay for the phone in 24 or 36 months, ‘upgrade’ available at half or an arbitrary percentage of the device having been paid off. It’s ‘your’ device, but to sell it you have to pay off the balance remaining on the note. If you upgrade early, and the device is still in good condition, they zero out the note at that point, but it still counts as buying a new device, so you incur tax + an arbitrary ‘activation’ fee just like you bought a new device with cash.
Companies with high-end products have the biggest profit margin cushions to deal with. I had little sympathy for Apple raising prices already, but this is absurd.
It’s very vague. If you could use this as a rent-to-own it’s perhaps not so bad, but if it’s just rent-to-still-not-be-able-to-own it sucks.
You’ll still pay way more.
This sounds exactly like what the major cell providers do with phones, or at least what AT&T does. Monthly interest-free payment to pay for the phone in 24 or 36 months, ‘upgrade’ available at half or an arbitrary percentage of the device having been paid off. It’s ‘your’ device, but to sell it you have to pay off the balance remaining on the note. If you upgrade early, and the device is still in good condition, they zero out the note at that point, but it still counts as buying a new device, so you incur tax + an arbitrary ‘activation’ fee just like you bought a new device with cash.