John
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Registered: 30th Jun 03
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Possibly geek but also not.
http://www.theinquirer.net/inquirer/news/2131699/o2-starts-apple-iphone-4s-rental-scheme
wtf is this.
Sounds exactly like a 12 month contract to me except you don't own the phone at the end 
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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And costs more than a normal contract. Bsd deal. But no doubt some folk will go for it
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VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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Getting in on phone recycling then. A 12 month old newest iPhone model should fetech good money.
Will get them loads of cash if companies take them up.
Corsa 2.0 16v Vegas - Sold
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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£660 and nothing to show / sell at end of it! Thanks 02!
Buy a phone £499, pay & go sim put £160 on it use for 12months then sell phone for £300+
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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Gotta be an idiot to take up that.
That said, done at the right price it's a genius idea.
Normal 4S contract - £170 handset + (37x18month) = £836
Lease - iPhone 4S will be worth about £400 in 12 months time, knock this off the price (assuming its worth this much to the phone companies)= £37pm (£436 paid out in total)
So in theory you end up the same either way(if you sold the phone at the end of the contract) but the lease means:
- you only need to pay out £436 (as opposed to double, which is less than the actual value of the phone plus you get the mins/texts/data)
- you don't have the hassle of selling it at the end
- you get to upgrade every 12 months instead of 18
At £55 a month O2 are saying they only want to give £220 for the 4S after 12 months, they need to be more realistic. Especially given they're asking £37pm for less mins/texts/data than you can get on payg for £10.
[Edited on 12-12-2011 by A2H GO]
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Daniel_Corsa
£660 and nothing to show / sell at end of it! Thanks 02!
Buy a phone £499, pay & go sim put £160 on it use for 12months then sell phone for £300+
If people could afford to pay £500 at once for a phone there wouldn't be a need for contracts given they nearly always work out more expensive.
That said I bought all my iPhones outright.
[Edited on 12-12-2011 by A2H GO]
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Jamie Walby
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Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by A2H GO
Gotta be an idiot to take up that.
That said, done at the right price it's a genius idea.
Normal 4S contract - £170 handset + (37x18month) = £836
Lease - iPhone 4S will be worth about £400 in 12 months time, knock this off the price (assuming its worth this much to the phone companies)= £37pm (£436 paid out in total)
So in theory you end up the same either way(if you sold the phone at the end of the contract) but the lease means:
- you only need to pay out £436 (as opposed to double, which is less than the actual value of the phone plus you get the mins/texts/data)
- you don't have the hassle of selling it at the end
- you get to upgrade every 12 months instead of 18
At £55 a month O2 are saying they only want to give £220 for the 4S after 12 months, they need to be more realistic. Especially given they're asking £37pm for less mins/texts/data than you can get on payg for £10.
[Edited on 12-12-2011 by A2H GO]
Mines on a 12 month contract anyway!
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fazza
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Registered: 7th Feb 08
Location: Plymouth
User status: Offline
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what happens if you lose the rented phone?
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Jamie Walby
quote:
Originally posted by A2H GO
Gotta be an idiot to take up that.
That said, done at the right price it's a genius idea.
Normal 4S contract - £170 handset + (37x18month) = £836
Lease - iPhone 4S will be worth about £400 in 12 months time, knock this off the price (assuming its worth this much to the phone companies)= £37pm (£436 paid out in total)
So in theory you end up the same either way(if you sold the phone at the end of the contract) but the lease means:
- you only need to pay out £436 (as opposed to double, which is less than the actual value of the phone plus you get the mins/texts/data)
- you don't have the hassle of selling it at the end
- you get to upgrade every 12 months instead of 18
At £55 a month O2 are saying they only want to give £220 for the 4S after 12 months, they need to be more realistic. Especially given they're asking £37pm for less mins/texts/data than you can get on payg for £10.
Mines on a 12 month contract anyway!
The other two downsides of having to sell the phone at the end and paying out more over the term still apply.
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by fazza
what happens if you lose the rented phone?
Presumably insurace would be a requirement. I'd also imagine if you didn't send it back after 12 months you'd be landed with a nice bill for £500.
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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I personally think it's a good idea for people that always want the latest iPhone but don't want to fork up a massive amount upfront, and it saves people the bother of having to sell the phone afterwards.
If you think about it, this has been going on for years with cars for example (i.e. hire purchase). Not a direct comparison I know but you get the idea.
£55/month is a bit steep though for the average punter, but then O2 are in business to make money at the end of the day, same as any other business?
[Edited on 13-12-2011 by Sam]
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Jamie Walby
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Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by A2H GO
quote:
Originally posted by Jamie Walby
quote:
Originally posted by A2H GO
Gotta be an idiot to take up that.
That said, done at the right price it's a genius idea.
Normal 4S contract - £170 handset + (37x18month) = £836
Lease - iPhone 4S will be worth about £400 in 12 months time, knock this off the price (assuming its worth this much to the phone companies)= £37pm (£436 paid out in total)
So in theory you end up the same either way(if you sold the phone at the end of the contract) but the lease means:
- you only need to pay out £436 (as opposed to double, which is less than the actual value of the phone plus you get the mins/texts/data)
- you don't have the hassle of selling it at the end
- you get to upgrade every 12 months instead of 18
At £55 a month O2 are saying they only want to give £220 for the 4S after 12 months, they need to be more realistic. Especially given they're asking £37pm for less mins/texts/data than you can get on payg for £10.
Mines on a 12 month contract anyway!
The other two downsides of having to sell the phone at the end and paying out more over the term still apply.
Selling the phone is going to be no more hassle than having to return it to O2?
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Selling the phone is going to be no more hassle than having to return it to O2?
Going of past experience I beg to differ.
Pay £50 to sell it on eBay to have some idiot not pay to then spend 4 weeks sorting it out to then relist and have the same thing happen again. 
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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quote:
Originally posted by Sam
If you think about it, this has been going on for years with cars for example (i.e. hire purchase). Not a direct comparison I know but you get the idea.
[Edited on 13-12-2011 by Sam]
No not really, HP is just a loan, leasing is completely different
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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What I mean is those plans where you pay £x and after 3 years or whatever you either return the car with nothing more to pay, you pay a balloon figure and keep it or you. can get a new one under the same arrangement.
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Sam
What I mean is those plans where you pay £x and after 3 years or whatever you either return the car with nothing more to pay, you pay a balloon figure and keep it or you. can get a new one under the same arrangement.
PCP
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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Yeah.
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by A2H GO
quote:
Selling the phone is going to be no more hassle than having to return it to O2?
Going of past experience I beg to differ.
Pay £50 to sell it on eBay to have some idiot not pay to then spend 4 weeks sorting it out to then relist and have the same thing happen again.
People like Envirofone and Mazuma offer good money for phones, especially 1 year old iPhones and cost you a maximum of about 75p to upgrade the free postage label to a recorded delivery service.
Job done.
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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You'd still loose around £100 over the phone company buying the phone back for £400.
In my mind for it to work you would only pay the depreciation of the phone + the monthly contract (£100 + (12x37)).
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Jamie Walby
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Registered: 15th Nov 04
User status: Offline
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I dont understand where the phone company buying the phone off you comes into it? Don't you get a phone for free, pay the monthly cost, return the phone at the end of the 12 months?
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Dom
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Registered: 13th Sep 03
User status: Offline
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quote:
Originally posted by Jamie Walby
I dont understand where the phone company buying the phone off you comes into it? Don't you get a phone for free, pay the monthly cost, return the phone at the end of the 12 months?
Yup. Seems to be the perfect solution for fanboi's who want the latest iPhone without hassle of selling the phone or paying upfront. Although the data allowance seems a bit cack, would be a lot better if they gave you 1GB.
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Jamie Walby
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Registered: 15th Nov 04
User status: Offline
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I have a 1GB allowance and used a mighty 300mb of it last month 
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Jamie Walby
I dont understand where the phone company buying the phone off you comes into it? Don't you get a phone for free, pay the monthly cost, return the phone at the end of the 12 months?
Its theoretically speaking. Technically they're putting a value on what the phone will be worth when you give it back when deciding what you pay each month.
In the above deal theyre giving you a £37pm contract for £55pm so after 12 months you'll have in theory paid £216 for the phone. £500 - £216 says they will pay £284 for the phone after 12 months when realistically it will be worth over £100 more than that. Fair play though, as mentioned they are a business.
[Edited on 13-12-2011 by A2H GO]
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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Looks like they've just thrown in the insurance on a normal contract but made it so you have to give it back at the end.
Good plan as it forces you to get a new phone/contract 
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LeeM
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Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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£52/month on an 18 month contract with o2 gives you the phone for free and a better tarriff.
doesnt make sense to me
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