Currently I have a 32GB Dev Ed Moto X that I got during the Cyber Monday sale and pay $5.18 + 6% sales tax for insurance on it. Because I have to pay a $99 deductible and will receive back a 16GB non-Dev Ed black plastic Moto X if I need to use the insurance, I am considering dropping the insurance and getting a 32GB wood backed Moto X as my daily driver during the upcoming sale and keeping my Dev Ed as a back up.
My plan is to sell both my Moto X's when the Moto X2 is released. My assumptions are that the Moto X2 will be released in August of this year and I would be able to net $150 by selling a 32GB Moto X and $100 for a 16GB Moto X at that time.
I worked out all of the math given the phone prices, insurance cost, sales tax, net resale values, Google Play credits, Motorola Trade Up $100 prepaid VISA and using the above assumptions, the net costs for the following scenarios would be:
1) $240 if I did not buy a second Moto X during the sale, kept the insurance and never needed to use it;
2) $389 if I did not buy a second Moto X during the sale, kept the insurance but needed to use it; and
3) $340 if I bought a 32GB wood backed Moto X during the sale, drop the insurance and both the wood backed and Dev Ed Moto X's were in good condition to resell when the Moto X2 came out.
So my question is - given the above costs using my assumptions what would you do? I have never lost or broken a phone nor have I ever had one stolen so it is likely I would be fine in the next 7 months without insurance or a back up. However, I always carry insurance for piece of mind so given my risk adversion, I either need to carry insurance or buy a second phone so I have a back up. And I really would like to have a wood backed phone.
To summarize the additional costs of Scenarios 2 and 3 above (i.e., in addition to the cost of Scenario 1 above) are as follows:
Scenario 2: $149
Scenario 3: $100
Of course I am neglecting a 4th scenario - I break the wood backed Moto X and it can't be resold! Then the total additional cost would be close to $300 but then at least I would have my 32GB Dev Ed as my back up phone and not a 16GB one.
It seems like an additional $100 for piece of mind AND a wood backed phone isn't bad. At least that is how I am looking at this. What do you think?
My plan is to sell both my Moto X's when the Moto X2 is released. My assumptions are that the Moto X2 will be released in August of this year and I would be able to net $150 by selling a 32GB Moto X and $100 for a 16GB Moto X at that time.
I worked out all of the math given the phone prices, insurance cost, sales tax, net resale values, Google Play credits, Motorola Trade Up $100 prepaid VISA and using the above assumptions, the net costs for the following scenarios would be:
1) $240 if I did not buy a second Moto X during the sale, kept the insurance and never needed to use it;
2) $389 if I did not buy a second Moto X during the sale, kept the insurance but needed to use it; and
3) $340 if I bought a 32GB wood backed Moto X during the sale, drop the insurance and both the wood backed and Dev Ed Moto X's were in good condition to resell when the Moto X2 came out.
So my question is - given the above costs using my assumptions what would you do? I have never lost or broken a phone nor have I ever had one stolen so it is likely I would be fine in the next 7 months without insurance or a back up. However, I always carry insurance for piece of mind so given my risk adversion, I either need to carry insurance or buy a second phone so I have a back up. And I really would like to have a wood backed phone.
To summarize the additional costs of Scenarios 2 and 3 above (i.e., in addition to the cost of Scenario 1 above) are as follows:
Scenario 2: $149
Scenario 3: $100
Of course I am neglecting a 4th scenario - I break the wood backed Moto X and it can't be resold! Then the total additional cost would be close to $300 but then at least I would have my 32GB Dev Ed as my back up phone and not a 16GB one.
It seems like an additional $100 for piece of mind AND a wood backed phone isn't bad. At least that is how I am looking at this. What do you think?