Is Cell Phone Leasing Worth It? | When You Want to Buy a New Phone

Is Cell Phone Leasing Worth It? | When You Want to Buy a New Phone

D
Debt Free Millennials
5 Video Views·Nov 11, 2022

We are talking all about buying cell phones and whether or not leasing a phone is worth it. There are a few options when it comes to buying a new cell phone so let's go over the pros and cons of cell phone leasing and how to make a decision. What's been your experience?

*A few things I didn't mention in the video:*
Cell phone insurance: oftentimes, cell phone carriers require you to carry cell phone insurance when you finance or lease a phone. This is an additional expense that could make your cell phone more expensive if you're not careful to cancel the insurance when that part of your agreement has been met.

Alternative ways to buy a cell phone: you can buy a cell phone via Facebook Marketplace or directly with the manufacturer (like buying an iPhone directly from Apple as opposed to buying it through your carrier). This video focuses on buying options through your carrier.

*TIMESTAMPS*
0:00 - Cell phone leasing intro
1:42 - 3 ways you can buy a cell phone
2:37 - why you would want to lease a cell phone
3:37 - pros of cell phone leasing
3:49 - cons of cell phone leasing
4:51 - take a look at my personal options with Sprint
9:20 - when Kyle and I decided to finance a phone
11:31 - Is buying a phone outright cheaper?
12:40 - Bottom line - is cell phone leasing worth it?

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