Do the maths... after 2 years what is your iphone going to be worth?? around £200
With the lease you end up paying £660
On a 24m term you end up paying £1,008 (£42 a month)
The hardware only comes with a 12m warranty, if you want to extend that you have to either have insurance or pay to extend it, so another cost.
I believe the lease is a brilliant idea, offers you something different to a standard 18/24m contract with no additional costs apart from the handset cost.
everyone is posting tariffs pointing out that there is a free handset and not understanding the point of the deal I feel. yes you can get an iphone 4s for free for £37 but you are tied in to a 24 month contract NOT the 12 month option that o2 is offering and the 24 month plan doesn't include insurance which has become very pricey for the 4s. Besides o2 still offer a wide range of tariffs on the handset. In my eyes the more options available for consumers the better.
what catch there is no catch the definintion of lease is to hire, to rent to charter for a specified time period, so really it is in the name lease so no CATCH!!!!
I got 30 gb per month data plan for 25euros and I can wait till a better iPhone or hd display quad core exynos phone come while I am on a lg 2x.Iphone is a fashion,I know it from my ex iPhone 4 and 500 mb are way to small for a month.15 years ago people were using the Internet with big charges and now they do the same,but now we are combined with it,revolutionary affordable chain contracts.
Aidey1968, 14 Dec 2011If you can afford to pay £55pm, you may as well get a proper contract, at least you own ... moreBut you still have the contract to pay for after youve sold youre phone , this is an option out there for all the little social wannabees who want the latests and greatest , and for businesses its not a bad deal for them
A Galaxy Nexus is $0 upfront, on a $55/month 2 year service contract.
Crazy Johns, Australian MVNO carrier on Vodafone network.
This is all very normal people. Nobody cares about this lease nonsense.
Who is this author?
He needs to check his math as well as get a better understanding about leases before submitting his articles.
His understanding of the "value" of the phone after a year being under 100gbp is incorrect.
A person "saves" 50gbp upfront and 7gbp/mth...which means 134gbp over a 12 mth contract.
So, basically, a person on this lease will save 134gbp over a year, but will not have a phone afterwards.
But if you're willing to spend the extra 134gbp...then you still have the phone after the year and can sell it...
Will you get your 134gbp back?
THAT is the question.
And the answer is YES it will be worth at least that much...
As far as O2...I'm sure that they can sell the phone after one year...refurbished.
They will make that much easily from upgrades and contracts (data fees, etc.).
Umm .... outside of the USA, getting these phones for $0 upfront on contract is NORMAL.
None of this 'leasing' nonsense either. You own the phone, as long as you fulfil your service contract.
You might want to wake up and smell the coffee, people in America. Your $199/$299 upfront costs are a total sham:
Vodafone Australia: $0 4S, on $59/mo contract
Optus Australia: $0 iPhone 4S, on $59/mo contract
Virgin Australia: $0 iPhone 4S, on $59/mo contract
Telstra Australia: $0 iPhone 4S, in $63/mo contract
All networks are HSDPA or HSPA+, iPhones are unlocked for free via Apple.
This proposition is aimed at a select market ie those wishing to renew their iPhone every 12 months who are not wishing to pay up front. The subscription is high because it includes insurance, but really would you like to have a £500 handset that you have to return undamaged 12 months later without having any cover? This is another first for o2 as no other network in the UK provides an option to have a 12 month contract without making a contribution towards the phone. I personally wouldn't go for it, I have a 12m contract but I'd rather own the handset. However, this isn't an option for everyone. Likewise if the monthly cost is prohibitive and you don't want to pay towards the phone then look at a 24m contract. The improvements ofthe latest IPhone over the next always tends to be evolutionary and not revolutionary so I would expect the 4s to recieve full manufacturer support via software updates for at least the next 3 years and developers want their apps to be available to as many customers as possible so it will notbecome dated during your contract.
You can get it for free from Tesco Mobile for £45 pm anyway, i dont see how this is big news?
Claiming the 4s will be worth less than £100 in 12 months is patently unture. Most mobile recycling sites (in the UK) will still give you over £100 for a 16GB 3gs and iphone 4 prices are still very very strong.
add £117 to that £55 and thats my mortgage paid,,55 quid a montha and kids have iphone,,parents must have more money than sense..ridiculous,stupid.
Sorry if I sound arrogant but I got my iPhone 4S 16 for £32 with 3. No upfront and I get 5K Texts, 500 Voice and 1GB of Internet along with 2K 3 to 3 calls pm on standard 24m contract. Also had the option of £35 for The One Plan 2K Voice mins, 5K Texts, 5K 3 to 3 and All You Can Eat Internet.
What a ridiculous deal, if you're really desperate for an iphone 4s either get one for free on a 24 month contract which starts from about £40 a month. Or go 18 months and get the phone for free from £50 a month and the phone will still be worth >£200 at the end which you can sell or trade in.