Singtel introduces Bring It Back programme for SIM-only users who want iPhone 15 and future iPhones

[LostandFound87]

no money then stick to android.

 

[pmetpmet]

Can see many "Grab employees" taking up this plan

 

[Emperor_Hippo]

Don't believe what they are advertising. Singtel is a profit driven company. Their aim is to make money. With this, you will know whether to take up their plan vs buying direct from apple.

Find me a non-profit driven company that doesn't wanna make money.

u can't. Cos all either 1 feet in the grave or dead and buried liao

 

[Emperor_Hippo]

Can see many "Grab employees" taking up this plan

If they are that smart, they wun be driving grab

 

[ShinnAsuka]

use 2k iphone 15, 16 and 17 as easy benchmarking. assuming keeping ip17 at third year.

singtel: 1k loss for first year and second year. pay full 2k for ip17. total 4k to own final phone. monthly bill 37+13, 50


non-telco: as long as your trade in price at 12th month is >50%, and monthly subscription <36, you benefit more than singtel program


the catch is, singtel gives you convenience and guarantee by giving you lesser trade in value.

 

[Geminiboy]

Next year they take in for you at 999
Then you can upgrade again.
What not good deal ??

just read the hwz article again.. it says after 12 mth you bring back the phone.. the amount you get it to offset the remaining 12 mths of paylater..

I wonder what’s the real catch here..

I'm not sure, but could it be:

If you don't upgrade to new phone, you are actually paying the full phone price.
If you upgrade the phone, you are trading in at 50%.

Looks to me it’s a disguised leasing plan. Basically you pay 12 months’ instalments plus $13 “interest” per month for the phone, on top of your SIM Only Plan price per month. After 12 months you return the phone in like new condition, for which you get 50% of its RRP to offset the remaining 12 of the 24 months’ instalments. You then start off same plan again with the latest phone.

But if you decide not to continue after each 12 months, then you pay for the remainder 12 months’ instalments and keep the phone.

In other words, if you stay with this plan for say 7 years and quit after that, you would have paid 6 full years of leases (ie paid fully for 3 phones) but never get to keep the 3 phones. You would only get to keep the last phone after paying off the remaining 12 months (ie the 8th year) instalments.

So, after paying 8 years of instalments fully for the prices of 4 phones, you only get to keep the last one, instead of all 4 phones.

The only benefit is you get to enjoy 7 new phone models in the eight years, without any upfront costs.