Can't Believe it!

Pink_Floyd_2

SnowTiger wrote: »

Weird response. You wrote: "Given the phone alone is £510 then £330 is the cost of calls etc which over the 24 months is £13.75 which works out cheaper than an equivalent sim only contract."

I was simply pointing out that in my opinion your figures are wrong. But you've already admitted that: "Granted in 24 months the phone will not be worth £510, but neither would it be worth £510 if I bought it outright."

And I was wishing you good luck on selling your shiny new toy for £510 in 24 months.

I still fail to see your point? Either you buy the phone for £510 and then a PAYG sim, or sim only contract. What I based the figures in my earlier post upon was in response to the poster which related to spending £880 over 2 years.

In fact if you look at it both ways it shows that buying on contract is not that stupid an idea. I have based these figures on buying the phone and a sim only pack, and buying the complete pack. Both offer the same service on Three (2000 mins, 5000 texts, unlimited data)

Sim Only: Phone £510, sim plan £25 per month / 24 £600 which adds to £1110

Phone Plus Sim: Upfront cost £19, Monthly cost £40 / 24 months = £960 plus the upfront cost = £979

Saving £121.00

The reality is that sometimes it isn't that bad as shown by what I've said. Whether you buy the phone upfront, or as part of your package the phone is never going to be worth £510 at the end of the contract period, and I never suggested so. I merely pointed out that buying outright is not always better and that iPhone packages or equivalent sim packages are never great value and cost money.

I sense some back pedaling on your part. There was no wishing of 'good luck' in the traditional sense. Rather it was laced with sarcasm highlighted by your sentence Oh well, at least you've justified it to yourself. Good luck selling that iPhone for £510 in 24 months times!

Hardly wishing someone luck, rather a veiled dig at someone.

SnowTiger

Pink_Floyd wrote: »

I still fail to see your point?

Obviously.

Can you confirm this contract you're so excited about is going to cost you £35 a month and not £13.75 a month as you previously suggested?

James900

Yes, when I was 17 I got my first contract phone with 3G, i had absolutely no credit history and not even a proper job, only a saturday job but I was still approved! Good thing that came out of it was that once I started paying my monthly bill, my credit rating improved!

vixmony

I think nowadays with most people cutting back, and others in bad credit, most companies haven't got a choice, but take chances in giving out contracts. Also with the rise in 24 month contracts, most people are still locked in, so these companies haven't got anyway of shifting stock. Good on you, you will love your iPhone.

Pink_Floyd_2

SnowTiger wrote: »

Obviously.

Can you confirm this contract you're so excited about is going to cost you £35 a month and not £13.75 a month as you previously suggested?

At which point did I state it was going to cost £13.75? Here is what I said and in fact it was the only time I mentioned a figure of £13.75;

It's a standard iPhone tariff so not exactly 'sub-prime' if you wish to look at it that way. Given the phone alone is £510 then £330 is the cost of calls etc which over the 24 months is £13.75 which works out cheaper than an equivalent sim only contract.

This was in response to the poster who suggested that £840 for a mobile phone contract over 24 months was not good. I was merely pointing out that supposing the contract costs £840. If you then deduct the phone cost from £840 it leaves £330 which in theory covers the call plan etc, i.e £13.75 which DOES work out cheaper that the average sim only plan. I used this to illustrate that a £35.00 contract is hardly the worlds biggest rip off. Simple math shows that you are effectively financing the phone at a cost of £510/25 = £21.25 and paying £13.75 for calls etc.

At no point did I say my total monthly payment would be £13.75. In fact I clearly state that £330, i.e £13.75 is the cost of the CALLS, not the total contract price. I also used the figure of £840 as it related to the £35 per month suggested by the other poster, i.e £35 x 24 = £840.00

Of course that is one way of looking at things. The other is as I posted earlier which refers to the £40 per month I've actually signed up for;

I have based these figures on buying the phone and a sim only pack, and buying the complete pack. Both offer the same service on Three (2000 mins, 5000 texts, unlimited data)

Sim Only: Phone £510, sim plan £25 per month / 24 £600 which adds to £1110

Phone Plus Sim: Upfront cost £19, Monthly cost £40 / 24 months = £960 plus the upfront cost = £979

Saving £121.00


Ultimately in the case above, no matter which way you go about owning an iPhone to have a reasonable service package it is going to cost either £510 as a one off payment + circa £25 per month, or £40 per month as a total contract price.

I'll stress again at no point did I explicitly or implicitly state that I had purchased a contract on Three that offered me an iPhone for £13.75.

You're clutching at straws to validate your point and taking what I've said out of context.

Pink_Floyd_2

vixmony wrote: »

I think nowadays with most people cutting back, and others in bad credit, most companies haven't got a choice, but take chances in giving out contracts. Also with the rise in 24 month contracts, most people are still locked in, so these companies haven't got anyway of shifting stock. Good on you, you will love your iPhone.

Thanks I think you have a valid point. Previously before the credit crunch companies could be quite selective in handing out credit. However more and more people are falling behind these days, and in some cases through no fault of their own their credit file is slightly tarnished.

I guess with some people tightening their belts, and others having less than perfect credit nowadays the pool of customers is reducing. Hence your point.

dreamypuma

It's good to see the financially challenged are able to justify committing to expensive phones and contracts.

Brian_The_Lion

dreamypuma wrote: »

It's good to see the financially challenged are able to justify committing to expensive phones and contracts.

Although this is a money saving forum, it doesnt give everyone the right to get on peoples backs. For all we know you could be skint, smoke 60 a day, drink 24 cans a day, etc... The original poster was expressing an element of surprise after being accepted for a contract, not starting a moral war. Also, it's 2011, it's not just about having the latest phones these days, smartphones are part of culture now. Having an iPhone might just give Pink_Floyd an advantage in the job market for example. He might get that all important email immediately after its been sent, allowing him to instantly reply, giving him a heads up over a rival, something he may have missed out on if he waited til later that evening to check his emails... You just dont know... Spending money on anything has its pros and cons...

dreamypuma

Brian_The_Lion wrote: »

Although this is a money saving forum, it doesnt give everyone the right to get on peoples backs. For all we know you could be skint, smoke 60 a day, drink 24 cans a day, etc... The original poster was expressing an element of surprise after being accepted for a contract, not starting a moral war. Also, it's 2011, it's not just about having the latest phones these days, smartphones are part of culture now. Having an iPhone might just give Pink_Floyd an advantage in the job market for example. He might get that all important email immediately after its been sent, allowing him to instantly reply, giving him a heads up over a rival, something he may have missed out on if he waited til later that evening to check his emails... You just dont know... Spending money on anything has its pros and cons...

I don't smoke, I don't I drink 24 cans a day. I can get my email instantly on my HTC Android phone for £13 inclusive of phone and contract with unlimited internet text and 600min anytime x-net mins.

If I wanted to I could afford to do all those things and have an iPhone, but then again I have a perfect credit score. Maybe thats because some of us manage our expectations in 2011. Cut our cloth accordingly, and not continuously destroy our credit rating by applying for it only to be rejected.

robt_2

At what point did the OP say they were living in poverty and couldn't afford luxury goods?

They said their credit history is poor. That doesn't necessarily mean that they can't afford things. Has nobody ever had a change of circumstances?

They wanted an iPhone. They got one on a standard iPhone tariff, with a poor credit history. There is no big deal about this. Some of you need to take a look at yourselves.