I don’t think I felt any different? I guess everyone around me had the 5cs 5s so I got one since that’s what everyone was using

It might be a bit harder to sell. No one wants a lock phone to a company they have to pay off and get all the information of the previous owner to transfer the phone etc

I just got AppleCare theft and loss only if it got stolen or lost it would come in handy

Apple care ? And there’s some cases where the police helps but it’s in an apartment you won’t know who have it exactly so I doubt they will help.