MSE News: O2 launches iPhone 4S leasing scheme: is it any good?

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"O2 now allows phone users to lease the new iPhone 4S for a year to save on huge upfront costs ..."

Read the full story:

O2 launches iPhone 4S leasing scheme: is it any good?

gjchester

Hmm,

It's a pretty poor deal, at least with the Tesco option you can sell the iPhone for £2-300.

Sure it alleviates the upfront cost but effecitvly it kinda looks like your paying about 30% APR on the "loan" for the phone.

System

Daylight robbery

Toe-Jam

Don't understand why you have to have an expensive insurance policy with it when you have to pay for the damage/loss at the end anyway.

bengalknights

Its good for those who want to upgrade yearly poor deal for everyone else.

visidigi

you completely failed to mention the insurance excesses that apply to each claim - additionally when I bought my contract at the weekend the staff in o2 were overheard to tell customers to simply 'claim for a new handset on insurance' a few days before the end of the contract...

Its £60 for the first claim and more for each consecutive one. Additionally its £120 per claim if the handset is a total loss...

robbies_gal

wots the point of insurance then? might aswell save up for one yourself less hassle

Crabman

Surprised that mobile operators have the nerve to offer 500MB internet with a smartphone.

If you want an appropriate data allowance, the "One Plan" from Three is the best for its "all you can eat" data.

cepheus

I am still baffled with this deal, a free blackberry for £10/month. Could someone who lives at the same address as an existing virgin broadband subscriber get this?

http://shop.virginmedia.com/existing...y.html#tariffs

grumbler

.....it can cost hundreds of pounds if the phone is damaged under the O2 Lease scheme.
...O2 Lease enables new or existing customers to get a new 16GB iPhone 4S ...for £55 per month including insurance...
...prices include O2 mobile phone insurance, which is compulsory.
... At the end of the contract you'll have to return it in good condition to avoid a fee.

Is it just me?
What does the insurance cover then?

EDIT: yes, I see now, it was not just me. So, in fact you pay about 12x£40=£480 for one year use of the handset costing £500. Daylight robbery indeed.

plumber2009

Absolutly terrible deal. Apple are getting desperate.

Who in their right mind would take up this offer. Just get a galaxy s2 for free and for half the monthly price.


And heres a question. Will a mobile phone insurance policy's with bank accounts cover this "rental" contract?