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Will lowering a tariff when signing up reduce the deposit

Anonymous
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Hi

 

This is my first post, hoping someone can answer this.

 

I applied for a o2 contract, was asked for a £475 deposit on an iphone 6, £53 a month plan. I've never had credit before in my life

 

My question is, if I went on a cheaper tariff, with a cheaper phone, say a lumia 735 etc, would there be a less deposit.

 

I know you can't comment on individual circumstances, but as a rule, if the price plan is cheaper, would the desposit be less

 

Many thanks

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jonsie
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Anonymous
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I would imagine that with a cheaper handset, the deposit would be less. Having little to no credit history shouldn't allow O2 to sting you for a ridiculous deposit, despite the iPhone 6 being one of the most highly (read 'over') priced handsets.

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Cleoriff
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Yes certainly look for a cheaper handset. The initial down payment will be less and so will the monthly repayments. You can always find something to suit your individual  needs. Best of luck wink

Veritas Numquam Perit

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Anonymous
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@Anonymous wrote:

Hi

 

This is my first post, hoping someone can answer this.

 

I applied for a o2 contract, was asked for a £475 deposit on an iphone 6, £53 a month plan. I've never had credit before in my life

 

Hi @Anonymous  - just for clarification, I take it the £53 a month plan relates to what is now called air time.  Were you also asked for a monthly sum (in addition to the £475 deposit) for the handset, or was the £475 a one-off total with no monthly payment involved? 

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Anonymous
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Hi

 

The £53 monthly was for the phone and airtime on o2 refresh (£20 and £33) with £475 deposit and no upfront cost for the phone

 

 

Thanks

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Anonymous
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@Anonymous wrote:

Hi

 

The £53 monthly was for the phone and airtime on o2 refresh (£20 and £33) with £475 deposit and no upfront cost for the phone

 

 

Thanks


I see.  Now I am totally confused @Anonymous as the O2 site shows the iPhone 6 "from £48 a month and £0.00 up-front cost" .  

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Anonymous
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It was a 64gb iphone

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jonsie
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The deposit is returned after 3 months payments are made in full and on time.

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Cleoriff
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To answer your first question @Anonymous  if you went for a cheaper handset the upfront cost would be lower.

If you want refresh then this is only available on O2...

If any other tariff is not a deal breaker then you could shop around at places like carphone warehouse wink

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