I bought an iPad 1 for $499. It would be hard to sell for more than the $350 that Apple is selling refurbs for, and I can buy a new one for $499. So that means $150 to use it for 11 months which seems rather excessive.
OTOH, I could have sold it last month for at least $400, which would be a much better deal but would mean I would have no iPad for one month.
OTOOH, if I keep the iPad 1 another year, it will probably still be sellable for $250, and that is $250 for 2 years of use which is not bad.
OTOH, I could have sold it last month for at least $400, which would be a much better deal but would mean I would have no iPad for one month.
OTOOH, if I keep the iPad 1 another year, it will probably still be sellable for $250, and that is $250 for 2 years of use which is not bad.