A $50 iPhone

Recently I sold my iPhone 5.

I had bought it off eBay 18 months earlier for $250.

I sold it on KSL for $200.

Then I bought my new-used iPhone 5s for $260.

That comes to about $3-4 per month for an iPhone or $50 for 18 months.

The newest iPhones cost about $22-26 per month ($600-750 over 2 years). But many people don't know that because the cost is included in their monthly payment of $80-100 per line.