It is easy to get caught up in the hoopla when it comes to grabbing the latest piece of new technology. What's more, just about every carrier will do whatever they can to get you into one as quickly as possible.
Think about it. Apple sold 4 million new devices in the first 24 hours. It is my guess that those buyers probably did not do much homework when it came to getting the phone they wanted at the very best price they could. They couldn't have. There just wasn't enough time to weigh the options and read the fine print. Though, in the defense of those who pulled the trigger immediately (OK, OK, I'm one of them), they do have a really great new device.
However, if you do have some patience and can resist the temptation to purchase the first day, you may be able to get the exact item you want at much more attractive price. In fact, we even have a few great tools that can help.
Cell Phone Savings Calculator
This is not just for iPhones, rather this cellphone savings calculator by Wallethub is helpful to anyone who is trying to determine their best method of purchase. Use it, and you won't have to wonder whether your best bet is an installment plan, contract, or making an upfront purchase.
It is really useful because it breaks everything down in terms of total cost or what they call the Net Present Value of each option. I'll provide a link further below so you can really drill down, but first, if you are a potential iPhone customer, Wallethub provided this really cool infographic detailing what an iPhone 6 will really cost you.
Pretty cool, huh? It looks like Verizon is the best option with a two-year contract.
Oh, now for the link. Take your time and dig into Wallethub's really ingenious Cell Phone Savings Calculator. It really makes you see the purchasing process differently.