This Calculator Will Show You If It Is Better to Buy the Phone Directly or to Rent It.
Buying a phone directly using bits with a “discount” at the conclusion of the contract. Of course, this can depend on the carrier and tariff plan. This calculator will tell you how much cheaper it will be over time to buy a phone directly or rent it out.
The WalletHub Cell Phone Calculator calculates the numbers to tell you which option is to buy the phone outright or rent it out on a contract basis. You enter both options and the tool tells you the total cost over a two-year period. This calculation is based on NPV , the change in phone value over time, and assumes a 5% annual discount.
In most cases, you’ll find that buying outright is the more economical option in the long run , but it’s still interesting to see how much the cost varies. WalletHub also offers price comparisons for different carriers, as you can see in the infographic below.
Try it yourself by following the link below.
Call calculator | WalletHub