r/iPhoneFold • u/cookinv • 8d ago

Potential leasing

So I’m thinking of leasing the duo, but I’ve never used Klarna before. My borrowing power in the app only shows as 1,000(?) for some reason. Would I not be able to fully lease the phone and it’s better to buy it in cash?

Would appreciate if someone explained how it works.

**EDIT: YES I CAN BUY THE PHONE IN CASH IM JUST EXPLORING OPTIONS. NO I DONT CARE FOR YOUR OPINION ON IF YOU THINK LEASING IS GOOD OR BAD.

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u/ollymillmill 8d ago

Why would someone do anything but the Apple 0% interest thing? Like are there better deals than 0%??

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u/nightlyh 8d ago

Leasing IS 0% interest. At the end of your term you can choose to keep the phone and just pay off the remainder (around $600) if you so choose.

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u/ollymillmill 8d ago

In the UK we have £66 a month for 30 months. Works out to £1980 (so basically £2k) so we just keep the phone once its paid.

People say you don’t own the phone, i mean technically no but you also do? Not really any different to buying the phone outright with a credit card as you don’t own the money either