I have just been doing some price comparisons for costs in preparation for a presentation. I never cease to be astounded at the differences in prices for the same product. The Sony Xperia Z3 seems to be quite a desirable and popular mobile phone.
1) You can purchase an unlocked phone from Amazon for £404.00
2) You can buy the same phone, but locked from O2 for £469.00 or on a two year monthly contract for £33.00 per month (of which £20.00 is for the device and £13.00 is the calls package). This means that you will pay £480 for the phone £312.00 for the call package. (APR 0%)
3) Or you can buy the same phone from Bright House (Locked to O2) for £12.63 per week for 104 weeks which is ....... £1,313.52!!!!! -
This is based on a cash price of £715.65 and includes the "5 Star Service" which costs £165.15, which makes the phone £550.00, if you were to buy it for cash. You may be required to take out insurance which would add £2.22 per week (£230.00). The phone is preloaded with £30 credit. Representative APR 99.9%.
Bright House is a pay weekly credit store, so would expect to their customers opt for the weekly payment scheme.
For me the lessons are, if you can afford to pay cash for an unlocked phone you will get the best deal and you can use whichever provider and package you wish. If you need a contract with a phone, the O2 deal is not bad value. Bright House is not good value at all and should be avoided.
