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Old 07-14-22, 10:17 AM
  #120  
njkayaker
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Originally Posted by CheGiantForLife
$1000 cell phone.
I lease it out for $40/mo for 3 years.
That's $1440 in payments.
Residual value after 3 years is $250.
I sell phone for $250
Total is $1690.
Annual Rate of Return is 19%

Finance 101


Why would anybody pay $1690 when they could pay $750?

$1000 iPhone purchased (not leased) at $28/month over 3 years. This leaves the owner with a phone worth $250 after 3 years.

https://www.verizon.com/business/pro...-iphone-13-pro

Last edited by njkayaker; 07-14-22 at 10:21 AM.
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