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00:00:00 – 00:08:02
The YouTube video discusses the disadvantages of buying phones from wireless carriers, emphasizing the potential savings by opting for prepaid plans and purchasing phones directly from manufacturers or platforms like eBay and Amazon. Specific examples from carriers like AT&T and Verizon are analyzed to illustrate how buying separate phones and plans can result in significant cost savings of over $1,000. The video discourages consumers from purchasing carrier insurance plans and advocates for buying phones separately to avoid inflated costs. Ultimately, the message is to be cautious of carrier deals and consider alternative purchasing options for better financial outcomes.
00:00:00
In this segment of the video, David and David discuss why consumers should stop buying phones from wireless carriers except in rare cases. They highlight that deals offered by carriers may not be that great, and suggest saving money by opting for a prepaid plan and purchasing a phone directly from the manufacturer or other platforms like eBay or Amazon. They analyze a specific AT&T deal for a Samsung Galaxy A12, emphasizing that while it seems like a good offer at $1 per month, the total cost including the required $75 per month plan adds up to $2,295 over 30 months, which could be more expensive compared to buying the phone outright. They recommend purchasing the phone from B&H for $170 and pairing it with a three-year prepaid plan from AT&T, which could result in savings of over $1,000. The YouTubers compare the costs and benefits and ultimately advocate for buying the phone separately rather than opting for carrier deals.
00:03:00
In this segment of the video, the speaker discusses Verizon’s buy one get one offer for the Apple iPhone 12. The offer requires getting an unlimited plan with two lines, with one phone offered for free through bill credits. The total cost over two years for two phones and plans is calculated to be $3,784. However, an alternative is suggested: getting the Verizon five gigabyte prepaid plan with a total cost of $2,947.92, resulting in approximately $800 in savings compared to the buy one get one offer. The speaker also advises on device protection and recommends buying phones directly from Apple.com rather than carriers.
00:06:00
In this part of the video, the speaker discusses the costs associated with carrier insurance and phone plans, highlighting that going with a prepaid plan through Verizon can save $1,350 over two years compared to the carrier plan. They emphasize the savings of $56 per month and caution against buying phones directly from carriers, recommending purchasing phones elsewhere and then hopping on the carrier plan instead. The speaker suggests considering alternative options like buying from Apple, eBay, or Amazon to avoid inflated costs from carriers. The video concludes with a call to action to subscribe and engage with the content.