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Upgrading on a contract.

I am currently in my 9th month of a 24 month contract with o2. I want to upgrade to the new iphone 5 when it is released however i have just spoken to o2 who told me its going to be £160 to get out of my contract and into a new one.

Has anyone had any dealings with this? TBH i thought it was ridiculous to charge so much money when i actually want to increase my monthly contract from £15 to £30 although i know that once you are in a contract they can do what they like.

Any thoughts?

Comments

  • Guys_Dad
    Guys_Dad Posts: 11,025 Forumite
    10,000 Posts Combo Breaker
    I am currently in my 9th month of a 24 month contract with o2. I want to upgrade to the new iphone 5 when it is released however i have just spoken to o2 who told me its going to be £160 to get out of my contract and into a new one.

    Has anyone had any dealings with this? TBH i thought it was ridiculous to charge so much money when i actually want to increase my monthly contract from £15 to £30 although i know that once you are in a contract they can do what they like.

    Any thoughts?

    You said it !
  • Humphrey10
    Humphrey10 Posts: 1,859 Forumite
    Any thoughts?
    Just sell the iPhone 4 and buy an iPhone 5, then use the iPhone 5 with the current sim. No need to involve O2 at all.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TBH i thought it was ridiculous to charge so much money when i actually want to increase my monthly contract from £15 to £30...

    Any thoughts?
    My thoughts are that £160 is a generous offer because normally you are supposed to pay £15*(24-9)=£225. Probably this is because your new contract will be 24+24-9=39:eek: months, not 24.
  • drbesty
    drbesty Posts: 967 Forumite
    Who'd have though they wouldnt just let you upgrade whenever you feel like it, these mobile companies are just out to rip you off.

    iPhone 5 for £30 a month? Thats the height of optimism right there
  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    edited 18 September 2011 at 9:12AM
    I am currently in my 9th month of a 24 month contract with o2. I want to upgrade to the new iphone 5 when it is released however i have just spoken to o2 who told me its going to be £160 to get out of my contract and into a new one.

    As everyone above is telling you , this is a generous offer, all you need to do is pay the £160 for the upgrade and sell the old phone for at least £160......sorted.
    TBH i thought it was ridiculous to charge so much money when i actually want to increase my monthly contract from £15 to £30 although i know that once you are in a contract they can do what they like.
    To be honest I think you are very naive or are one of the growing numbers of people who want or expect the 'moon on a stick' !!

    At £30/month the contract is only worth around £720 so taking that the iphone 5 will probably cost (retail) over £600
    you are being unfair to call this offer ridiculous.

    What you are basically suggesting is that for paying £15 x 9 months = £135 + £30 x 24 months = £720, making a total of £855 you are expecting 33 months of using your tariff ( calls/texts/data ) plus the cost of your original phone plus the cost of the new iphone 5.
    iPhone 5 for £30 a month? Thats the height of optimism right there

    Or is this just one big wind up ?
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