You ownself have to weigh the pros and cons. For a price of aprrox. $500 off contract, there is no other phone in the market that is comparable to OnePlus. The 2 closest are probably Oppo Find7 and LG G3 but these 2 brand new sets costs around 200 bucks more(though you can get a 2nd hand Find7 for around $560-580). Yes, no local warranty can be a bummer, but i think the bigger concern is the inconsistent QC from the OnePlus production line. So you better pray you dont get a super lemon set. On the other hand, nowadays alot people change their phones within 6 months to 1 year, maybe even less. To them, got warranty no warranty, makes no difference. For long term users like me, no local warranty is a major consideration which is why i am putting off buying this phone.