A lot of people saying that iPhones became an obsession, especially these few years. You can see a lot of youngster holding an iPhone and they are using latest version!
Is the price for iPhone drop or we have a better spending power now? Or maybe another possibility: Even financial doesn’t allowed but still buying an iPhone with installment loan and end up in debt..
Just like this Malaysian man! He wanted an iPhone 13 and willing to get it at any cost. The installment loan is for 3 years and now he just done repayment for 2 months and he regretted !
The post read：
My borrower looking for me yesterday and told me about his financial bottleneck. However, the contract is still running ( At least for now?!). He maybe feeling stress because of his debt.
When i showed him the loan agreement. I thought he need the loan for motorcycle but it’s actually it’s for an iPhone. He said only after doing the math he realised it’s not worthy. For now, he only paid for 2 months, 34 months to go ( which is 2 years and 10 months).
I don’t know what is in his mind. If he were to ask me before signing the loan agreement. I will definitely telling him, he don’t need to do so.
I think Apple is not only selling a phone but a lifestyle. And this particular lifestyle or some kind of labelling come with a hefty price tag.
He is asking me anyway that i can solve the loan problem. To be honest, i don’t know. As i never come across this kind of loan agreement. Or maybe some netizen can provide some info/ knowledge on this aspect.
Till now, seems like no turning back.
▼ Netizen: How much is the repayment per month? I can’t afford.
Netizen : My brother/sister did the same, getting the latest iPhone and loan RM5k from the shop. Around RM300 per month for 3 years!
Netizen: If you do the math, 36 x 300 = RM10,800 !!!
▼ It’s a Social media influence! Poor yet living in style!
▼ I’m still using Huawei Honor 8x. And trying to go for competition with photos and videos using this phone.. Thank god. The prize i got sufficient for me to get an iPhone.. But i insisted not buying it.
▼ I’m using Vivo Y12 for 3 years plus. Although some people say the camera not good and so. But still as long as i can take picture, call, Whatsapp, Facebook with a smartphone function will do. For me, i won’t spend a lot on phone as i have other things which are more important.
▼ I can afford buying but i was thinking ” what the benefits getting iPhone?”
▼ You have to make a decision between need Vs want. And think about the use in long run. 
▼ One netizen suggested ：「Sell off the phone now and use the money to do the settlement for the installment loan. If you drag longer, the price of the phone will drop and even harder to settle the loan.」
▼「Everyone make mistake and no one is perfect. Hopefully this will be the life experience for him in future to determine what he needs and wants. Please do not bashed on him. #stopcyberbullies」
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