It might be like Hire Purchase. Im not sure what you guys call it, time payment, etc. Under Hire Purchase terms you are merely the hirer, it is not your product. When you make the last payment, or in this case the balloon payment, it is yours. Just legal jargon. Maybe leasing gives the perception of being a better deal, marketing.
From: "Kris Murray krismurray@gmail.com [iPad]" <iPad@yahoogroups.com>
To: iPad@yahoogroups.com
Sent: Monday, 11 July 2016 7:47 AM
Subject: Re: [iPad] What? My iPad2 is going to the bone yard?
I know specifically with sprint and Verizon YOU ARE LEASING IT. You agree to return it when the contract is over UNLESS you specifically pay the balloon at then end. Sprints program is even called LEASING. Verizon when I spoke with my brother who is the manager of a 900 person Verizon call center said theirs was a lease too. Maybe sprint called it a lease and taught us to explain how leasing works was lying. But I HIGHLY doubt it.
~KLM
\\ "The one who follows the crowd will usually get no further than the crowd. The one who walks alone, is likely to find himself in places no one has ever been." ~ Albert Einstein //
Sprint. Verizon. Att. All lease phones. You pay per month for 1 or 2 years. Then give it back for a new one or pay a ballon payment to keep it.~KLMNo, in most cases, according to the contract you agree to: you ARE buying it.
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Posted by: Tony <tdale@xtra.co.nz>
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