NOW OPEN: the MSE Forum 'Ask An Expert' event. This time we'd like your questions on TRAVEL & HOLIDAY DEALS. Post by Wed and deals expert MSE Oli will answer as many as he can.

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

in Mobiles
21 replies 3.2K views
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 ..."


  • 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.
  • SystemSystem Community Admin
    178K Posts
    10,000 Posts Photogenic Name Dropper
    Community Admin
    Daylight robbery
  • Toe-JamToe-Jam Forumite
    1.6K Posts
    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.
  • bengalknightsbengalknights Forumite
    5K Posts
    Part of the Furniture 1,000 Posts
    Its good for those who want to upgrade yearly poor deal for everyone else.
  • visidigivisidigi Forumite
    6.4K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    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_galrobbies_gal Forumite
    7.9K Posts
    Part of the Furniture 1,000 Posts
    wots the point of insurance then? might aswell save up for one yourself less hassle
    What goes around-comes around
  • CrabmanCrabman Forumite
    9.9K Posts
    Part of the Furniture 1,000 Posts I'm a Volunteer Ambassador Combo Breaker
    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.
    I'm a Board Guide on the Savings & Investments, ISAs & Tax-free Savings, Public Transport & Cycling, Motoring and Parking Fines, Tickets & Parking Boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Board Guides are not moderators & don't read every post. If you spot a contentious or illegal post then please report it to [email protected] (it's not part of my role to deal with this). Views are mine and not the official line of

  • edited 13 December 2011 at 7:55PM
    20.1K Posts
    edited 13 December 2011 at 7:55PM
    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?
  • edited 13 December 2011 at 8:31PM
    grumblergrumbler Forumite
    57.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 13 December 2011 at 8:31PM 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.
    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
  • edited 13 December 2011 at 8:33PM
    plumber2009plumber2009 Forumite
    304 Posts
    edited 13 December 2011 at 8:33PM
    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?
This discussion has been closed.
Latest MSE News and Guides

Energy Price Cap change

Martin Lewis on what it means for you

MSE News

Best £1 you've ever spent?

Share your most impressive bargains

MSE Forum