- Forum: iPhone
We'd have to read the contract. The fine print I read on the website (not the contract) leads me to believe it is an installment purchase contract with the option to trade in and sign a new contract and get a new device, and not a lease. Though it feels like a lease if you are trading in. I'd be happy to be pointed at details on how it works. You can however completely pay the device off and keep it. You are not required to trade in.