Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 

Stu

Stu
Hammered
8289 posts

Uber Geek

Moderator
ID Verified
Trusted
Lifetime subscriber

  #1246116 25-Feb-2015 08:56
Send private message

It's the monthly interest free payment on the initial phone.




People often mistake me for an adult because of my age.

 

 

Keep calm, and carry on posting.

 

 

Referral Links: Sharesies - Backblaze

 

Are you happy with what you get from Geekzone? If so, please consider supporting us by subscribing.

 

No matter where you go, there you are.




nakedmolerat
4625 posts

Uber Geek

Trusted
Lifetime subscriber

  #1246120 25-Feb-2015 09:02
Send private message

alasta:
nakedmolerat: I was confused at first when saw their advert for the first time. This is my understanding after speaking to 2degrees customer service. 

Let say I bought note-4 ($1149) on $49 plan.

You paid $29 upfront. Total per month $49 + $47 + $10 = $106/month


In this example how is the figure of $47 determined?


it is on the website - after adding the phone to the monthly cost.

eg: iphone 6 plus 128GB gold will cost you $60.

alasta
6687 posts

Uber Geek

Trusted
Subscriber

  #1246123 25-Feb-2015 09:04
Send private message

BigHammer: It's the monthly interest free payment on the initial phone.


In the example given the phone is worth $1149. Over 12 months that works out to be a monthly payment of $96 so I assume that the $47 is based on a spread over 24 months?

So, essentially this deal is giving you hardware on a 24 month interest free payment plan with the option of terminating the payment plan at 12 months for the purpose of swapping out to a newer device?

I think I understand the intent, but personally I don't think I would want to pay an extra $10 a month for a 12 month upgrade cycle given that this technology is starting to plateau and handsets don't improve that much from one year to the next.



Wade
2225 posts

Uber Geek


  #1246124 25-Feb-2015 09:04
Send private message

alasta:
nakedmolerat: I was confused at first when saw their advert for the first time. This is my understanding after speaking to 2degrees customer service. 

Let say I bought note-4 ($1149) on $49 plan.

You paid $29 upfront. Total per month $49 + $47 + $10 = $106/month


In this example how is the figure of $47 determined?


(Cost of phone - $29 initial payment) / 24mths = Monthly handset repayment

alasta
6687 posts

Uber Geek

Trusted
Subscriber

  #1246126 25-Feb-2015 09:06
Send private message

nakedmolerat:
alasta:
nakedmolerat: I was confused at first when saw their advert for the first time. This is my understanding after speaking to 2degrees customer service. 

Let say I bought note-4 ($1149) on $49 plan.

You paid $29 upfront. Total per month $49 + $47 + $10 = $106/month


In this example how is the figure of $47 determined?


it is on the website - after adding the phone to the monthly cost.

eg: iphone 6 plus 128GB gold will cost you $60.


Thanks - understood. Based on my post above I assume they've produced their pricing table based on a 24 month dispersal of the handset RRP.

wibble
85 posts

Master Geek


  #1246172 25-Feb-2015 09:41

dickytim:when you do the math you are better to save the funds, sell your old phone and buy the new model.


I don't think that is true.

If you are the kind of person who wants a new phone every year you would either need to buy outright at the start of the term or sign up for a 24 month term but sell the handset after 12 months.

With the 2d deal you pay an extra $240 over a year to upgrade to the new phone. To do this via trademe you would have to sell your old phone for no more than $240 less than a new one. Taking the iPhone6 and iPhone 5S as examples you'd need to sell your 16GB 5S for $999-$240 = $759 for this to be a better deal. If I look on trademe iPhone 5Ss are selling for $400-$600 second hand.

It's not for everyone but if you really _must_ have the latest phone, this is a cost effective way of doing it.

Cambo

107 posts

Master Geek


  #1246190 25-Feb-2015 10:10
Send private message

'Cost effective' does not apply here at all. Once you sort through the confusion it is basically a typical 'pay more over the term than you would if you had saved'.
It works if you MUST have the latest phones once released, but you pay more for the convenience.
I would argue that it is more economical to save for a month or two and save money on the long run.

 
 
 

Move to New Zealand's best fibre broadband service (affiliate link). Note that to use Quic Broadband you must be comfortable with configuring your own router.
nakedmolerat
4625 posts

Uber Geek

Trusted
Lifetime subscriber

  #1246193 25-Feb-2015 10:15
Send private message

No you don't pay more

Stu

Stu
Hammered
8289 posts

Uber Geek

Moderator
ID Verified
Trusted
Lifetime subscriber

  #1246210 25-Feb-2015 10:33
Send private message

alasta: Thanks - understood. Based on my post above I assume they've produced their pricing table based on a 24 month dispersal of the handset RRP.


Yes they only seem to offer the interest free payments over 24 months. No 12 month option available at all.




People often mistake me for an adult because of my age.

 

 

Keep calm, and carry on posting.

 

 

Referral Links: Sharesies - Backblaze

 

Are you happy with what you get from Geekzone? If so, please consider supporting us by subscribing.

 

No matter where you go, there you are.


Yabanize
2350 posts

Uber Geek


  #1254842 10-Mar-2015 18:20
Send private message

Once you've paid off the first phone you can just keep trading in and paying the $240 each year?

Handsomedan
7226 posts

Uber Geek

ID Verified
Trusted
Subscriber

  #1254885 10-Mar-2015 19:39
Send private message

It's effectively like an operating lease...




Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

 

Handsome Dan does not currently have a side hustle as the mascot for Yale 

 

 

 

*Gladly accepting donations...


dickytim
2514 posts

Uber Geek
Inactive user


  #1255078 11-Mar-2015 06:47
Send private message

nakedmolerat:
dickytim: Vodafone have had similar for $20 a month, when you do the math you are better to save the funds, sell your old phone and buy the new model.

This is what I plan on doing for my next upgrade, assuming I can't convince Vodafone to let me do a resign after 16 month :)


But you get the new phone at 24 months.


On occasion, for some business plans they will allow a resign after around 18 months. I am hoping I can wrangle my resign for when the Iphone 6+S or what ever it is comes out, that would give me 2 "free" iPhone's on a row but I would have to buy the iPhone7+ in 2016

1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic





News and reviews »

Amazfit Expands Active 2 Lineup with the New Active 2 Square
Posted 23-Jun-2025 14:49


Logitech G522 Gaming Headset Review
Posted 18-Jun-2025 17:00


Māori Artists Launch Design Collection with Cricut ahead of Matariki Day
Posted 15-Jun-2025 11:19


LG Launches Upgraded webOS Hub With Advanced AI
Posted 15-Jun-2025 11:13


One NZ Satellite IoT goes live for customers
Posted 15-Jun-2025 11:10


Bolt Launches in New Zealand
Posted 11-Jun-2025 00:00


Suunto Run Review
Posted 10-Jun-2025 10:44


Freeview Satellite TV Brings HD Viewing to More New Zealanders
Posted 5-Jun-2025 11:50


HP OmniBook Ultra Flip 14-inch Review
Posted 3-Jun-2025 14:40


Flip Phones Are Back as HMD Reimagines an Iconic Style
Posted 30-May-2025 17:06


Hundreds of School Students Receive Laptops Through Spark Partnership With Quadrent's Green Lease
Posted 30-May-2025 16:57


AI Report Reveals Trust Is Key to Unlocking Its Potential in Aotearoa
Posted 30-May-2025 16:55


Galaxy Tab S10 FE Series Brings Intelligent Experiences to the Forefront with Premium, Versatile Design
Posted 30-May-2025 16:14


New OPPO Watch X2 Launches in New Zealand
Posted 29-May-2025 16:08


Synology Premiers a New Lineup of Advanced Data Management Solutions
Posted 29-May-2025 16:04









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.