You plan to keep your phone for 3 years or more. Ownership allows you to eventually stop making payments, significantly lowering your annual mobile costs.
buying costs for a particular model like the latest iPhone or Pixel? Should You Lease Or Buy Your Smartphone - Wirefly leasing a phone vs buying
Because you aren't paying for the full value of the phone, monthly rates are typically $5–$10 lower than purchase installment plans. You plan to keep your phone for 3 years or more
Once paid off, you can keep the phone for years, sell it on the secondhand market, or trade it in for a huge discount on a new one. sell it on the secondhand market