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Stu

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  Reply # 1246116 25-Feb-2015 08:56
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It's the monthly interest free payment on the initial phone.




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  Reply # 1246120 25-Feb-2015 09:02
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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.





 
 
 
 


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  Reply # 1246123 25-Feb-2015 09:04
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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.

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  Reply # 1246124 25-Feb-2015 09:04
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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

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  Reply # 1246126 25-Feb-2015 09:06
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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.

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  Reply # 1246172 25-Feb-2015 09:41
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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.



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  Reply # 1246190 25-Feb-2015 10:10
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'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.

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  Reply # 1246193 25-Feb-2015 10:15
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No you don't pay more





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  Reply # 1246210 25-Feb-2015 10:33
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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.




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  Reply # 1254842 10-Mar-2015 18:20
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Once you've paid off the first phone you can just keep trading in and paying the $240 each year?

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  Reply # 1254885 10-Mar-2015 19:39
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It's effectively like an operating lease...




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  Reply # 1255078 11-Mar-2015 06:47
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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

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