Originally Posted By: drakino
Originally Posted By: Dignan
If you're not out or nearing the end of your contract with AT&T, they will happily sell you a 32GB iPhone 3GS for $499...and re-extend your contract.

Thats because $499 is still a subsidized price. $699 is the base, no contract price of the 32GB model.

I was aware of that, and that only helps the point I was making, which is that the used phone price doesn't include the subsidy.
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Matt