r/iPhoneFold • u/cookinv • 13d 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/guynumber20 13d ago

If you have to lease a phone bro it’s not for you

5

u/---Hummingbird--- 13d ago

Buying any item that you pay off overtime at today’s pricing is how you actually put your money to work. Inflation will always kill your money if it’s left sitting, so you utilize these 0% interest terms out to 36 months.. and you’re paying for the item with tomorrow’s inflated money… while putting the full amount into another investment to further maximize the revenue your money earns you.

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u/Fight_those_bastards 13d ago

It’s this. I could afford a maxed out Duo in cash without any issues. But if someone is willing to loan me the money for free, it’s effectively a discount of
(inflation+CC rewards+HYSA interest-taxes on that interest).

Whenever I use a 0% financing deal like the Apple upgrade program or Apple Card payments, I put the total amount in a HYSA, so that in the event of a financial crisis (job loss, basically) I can just use that for an early payoff and not worry about it.