Be wary of no money down for new iPhone 6

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Ink

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Jan 8, 2011
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Thinking about buying an iPhone 6 once it comes out later this year? Be prepared to figure out brand new purchase plans -- and possibly pay more overall.

Until recently, wireless carriers typically subsidized the price of your device. They would charge you $200 as a down payment, and then locked you into a two-year contract.

That's changing.

Depending which carrier you go with, you'll either pay nothing upfront and face a higher monthly bill. Or you will have to pick up the full cost of around $650, in exchange for a slightly lower bill.

Expect more changes when the iPhone 6 is released. Apple's new smartphone is rumored to be making its debut this August, and it's sure to spark a marketing frenzy.

Should you foot the bill for the entire cost of a new IPhone or get a deal with no money down?

Either way, you'll pay more than you're used to.​
 
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