While the lease program is a pretty slick way of bringing the monthly price on this extremely expensive phone down to a reasonable level it seems to me there's a Trade-In Trap—which is that if you trade-in your own phone (in my case an iPhone 16 Pro) to reduce the phone on the first term's payments, you've got nothing to trade-in once the time for the upgrade arrives.
Once you reach the end of your lease, be it one or two years and you decide to upgrade to the next phone, you're effectively guaranteed to go into the next contract at full price—unless of course you were to buy out the residual and then trade that in (which seems crazy). That's the trap.
Tell me I'm wrong, but to me it mak


