AT&T's Next phone upgrade plans are a huge ripoff

[Poke]

There always a catch.

http://www.theverge.com/2013/7/16/4528404/att-next-phone-upgrade-plans-a-huge-ripoff

 

[yourbeliefs]

AT&T is trying to rip off customers?!

 

[mperdue]

Actually, that article has it a bit backwards. The monthly rates are set for long term rates even if you don't upgrade your phone at all. Phone companies are willing to take a bit less in order to lock you into a longer term and offering discounted phones is the way they do this. Still, it's up to you how you want to go - finance the phone or buy it outright. The total cost works out about the same.