Most cell phone service providers offer a “free” phone when you sign up for a two-year contract. The phones are not free, of course, you just pay for them over time. How much? Nobody knows, but T-Mobile just gave a clue.
T-Mobile recently introduced a plan where you cannot get a “free” phone, and it costs $20 less per month than the plan where you can. $20 per month for two years pays for a pretty nice phone—a $480 phone, to be exact. But what are you getting? Most of the “free” phones available on T-Mobile’s website retail for $250 or less. That is a pretty steep markup.
Buy the phone up front; you will almost always save money in the long run.
Why free phones are expensive | Future Tense
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