Does anyone have a AppleCare iPhone

If you have an AppleCare replacement iPhone, did you ask them how much they would charge you if you kept that iPhone and then when the new one came in, you just kept the replacement phone ....
Would they charge your credit card $600? $500? They are sending out 8GB iPhone loaners....
I have the replacement AppleCare phone, and I am to return my defective iPhone, but the defect is mostly the SIM door is out of wack.. The volume is higher than the other 2 iPhones, and that includes the replacement loaner AppleCare iPhone.
F

See Item 3 on
http://www.apple.com/legal/terms/iphonerental.html
I think I'd rather put the iPhone SIM in my old (non iPhone) for the few days it should take to repair a defective iPhone

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