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stevenwb11
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interest free Iphone 6, your having a laugh

Just been looking for an Iphone 6 on the VM page . They are charging £816 for an "interest free" Iphone 64GB, the Apple  store charge £619 . Hardly interest free!  £203 over charge must work about a 28% APR  Apples store rate is about 15% APR.

 

 

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Jessop
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Re: interest free Iphone 6, your having a laugh

I think the reason for this is they adjust the handset value to be in line with/competitive within the rival companies standard contract rates.

If they charged £619 for the phone and you say selected a £5 tariff from their airtime range, it would be vastly under the going rate for that handset on a contract. It would appear as though their 'airtime' tariffs are standard across the range so these don't change, so they adjust the handset value to suit.

 

 

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stevenwb11
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Re: interest free Iphone 6, your having a laugh

Interesting comment.

 

I believe VM are going down the line of separating handset and tariff. Which saves the grief that you normally get at the end of a 24 month deal where they (any ISP) continue taking the full contract price even after the 24 month period has elapsed.

 

Tesco Mobile do a similar deal but their true cost of the phone is £672 though their tariffs start at £15 . A lot nearer to the retail price of £619

 

 I don't think anyone would have a top of the range smart phone with a 250 mb allowance (£5)

 

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Bizmuth
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Re: interest free Iphone 6, your having a laugh

So who would ever take up virgin on their "offer" of a handset for £816 when you could just buy it off Apple for £200 less and then just use their usage tarrif instead?

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