Analyze smartphone terms for carrier lock requirements, trade-in value gotchas, and upgrade program obligations.
That "free" phone with trade-in has strings attached. Know the true cost and commitments before you buy.
Quoted $800 for your trade-in? After inspection, scratches you didn't see drop that to $200. Some programs lock you in before final value is determined.
Promotional pricing requires 24-36 months with carrier. Leave early and you owe the full phone price—even if you paid $0 upfront.
Upgrade programs let you trade in yearly, but require returning the phone in good condition. Cracked screen? Pay the full remaining balance.
That "free" phone still has $30-45 activation fees. Upgrading existing lines? Upgrade fees too. These fees are usually non-negotiable.
$800 off via 36 monthly bill credits means you don't own the discount—you earn it over time. Cancel early and remaining credits disappear.
Phone insurance has deductibles ($99-275 per claim) and claim limits. After 2-3 claims, you might hit your cap and still pay monthly.
Paste the terms of sale to understand trade-in and financing obligations.