When buying a new phone, it’s important to choose the right payment method for you. Although most people opt to buy their phone on a mobile contract, it really depends on the type of person you are, so buying it outright may be the better option. Here are some of the overlooked benefits of buying your phone outright.
Buying your phone outright is the simplest option
Choosing your new smartphone and buying it outright is simple- you buy it and it’s yours.
For some people, this can be the ideal option and having full ownership of your phone can give you the clarity and simplicity that you desire over your financial situation.
Unlike with a contract, you don’t have to worry about making any further payments, so you can use your new phone stress-free knowing that your monthly contract will not be subject to inflation and increase unexpectantly.
Avoid the tie of a contract
Another obvious benefit of buying your phone outright is that you don’t have to commit to a long-term contract.
When paying for a contract there is less flexibility when it comes to your data, texts or calls and if you want to change providers you will have to pay an early termination fee or penalty.
By not being legally bound to one carrier and having full ownership over your smartphone, you can leave your current provider at any time and easily try a new one whenever you please.
Whilst the upfront cost of paying for a phone outright is usually more than what you would pay if you went with a plan, you could still end up saving money in the long run.
This is because once the phone is paid off you don’t have to worry about monthly payments, termination fees or fixing any damage.
If your phone is still under contract and it breaks, it’s much more difficult to receive a replacement and you could end up paying the full price for a new device.
If you are interested in buying a new smartphone outright, get in touch with the Foned team today. We offer a range of phones at a range of prices so rest assured that you will always get the best deals possible.