MSE News: Apple's new way to spread the cost of an iPhone 7 for zero interest

Former_MSE_Steve_1

Apple's new iPhone 7 comes with a hefty £600+ price tag, but the tech giant's launched a new way to pay which means it's possible to get a new handset from as little as £50 upfront and £27.50/mth without paying a penny in interest....

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'Apple's new way to spread the cost of an iPhone 7 for zero interest'

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20aday

It's worth pointing out MSE you have to return iPhone to Apple each year under the agreement (rather than keep the handset and sell it on for a profit).

Pincher

I would much rather spend £400 on a laptop, and £200 on an Android phone, that does Wi-Fi hot spot. How on earth does anyone get anything done on a phone screen is beyond me.

Well, the inane short messages with zero intellectual and information content is inevitable.

AndyPK

There are basically 2 deals.

A 20 month payment plan, where you keep the phone at the end.
A payment plan, which allows you to upgrade after 12months but you have to give up the old phone

buglawton

Temptation to buy an overpriced luxury, not very MSE.

AndyPK

Humm. The 0% interest is MSE though.

And not paying networks silly amounts!

In facts it's very MSE, if you must have an iPhone

lee111s

buglawton wrote: »

Temptation to buy an overpriced luxury, not very MSE.

Do you expect everyone to live on the bare minimum just because they're on the money saving expert site? Some people work hard and like the nicer things in life. That doesn't mean they want to pay over the odds for them

molerat

lee111s wrote: »

Do you expect everyone to live on the bare minimum just because they're on the money saving expert site? Some people work hard and like the nicer things in life. That doesn't mean they want to pay over the odds for them

But £919 for a phone !! :eek:

buglawton

lee111s wrote: »

Do you expect everyone to live on the bare minimum just because they're on the money saving expert site? Some people work hard and like the nicer things in life. That doesn't mean they want to pay over the odds for them

Those who can genuinely afford this amount for a phone would trade in their last iPhone for a nice bonus and buy the 7 for cash.

It's the fakery that surrounds it - making an expensive item 'look' affordable - that's un-MSE.

lee111s

buglawton wrote: »

Those who can genuinely afford this amount for a phone would trade in their last iPhone for a nice bonus and buy the 7 for cash.

It's the fakery that surrounds it - making an expensive item 'look' affordable - that's un-MSE.

It makes more sense to get it on "interest free" with Apple and keep the money in the bank earning interest. That's MSE.

lee111s

molerat wrote: »

But £919 for a phone !! :eek:

I'm going for the £819 phone. I don't think thirty odd quid a month for a something I use every day is bad value. I don't have a laptop or tablet, so the larger iPhone + is used for everything. They're not "just phones" anymore.