I'm curious about Bring-It-Back, and I've read all of the details. Isn't it really just a lease program? Do I literally own the phone, or does TELUS own it until my two years are over? I know it is semantics, but I wonder how this compares to non Bring-It-Back phone purchases.
i) TELUS gives me a lower upfront price
ii) I choose - in 24 mo. - if I want to give it back, or pay the amount I saved upfront
iii) Technically I don't save anything upfront in this scenario, rather I defer payment
iv) I only "save" because I didn't need to pay in month one, or
v) I save if I give the phone back, and get into another phone without paying upfront, etc.
Am I getting this right? I know it is an option, but it seems less advantageous than offers before where my savings were my savings. Any different POVs to help me understand?
And if it is a lease, does anyone feel uncomfortable with that notion?
The original post was copied and pasted from https://forum.telus.com/t5/Mobility-Devices/Is-Bring-It-Back-basically-a-lease-program/m-p/108501.