Is Bring-It-Back basically a lease program??
- Subscribe to RSS Feed
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
This thread's discussion is locked. If it doesn't give you the information you need, head to its forum board for active discussions or to start a new discussion.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Link to Post
- Email to a Friend
- Report Inappropriate Content
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?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Link to Post
- Email to a Friend
- Report Inappropriate Content
Yes, Bring it Back is effectively a lease program. It is meant for folks who want the latest tech.
If you find a post useful, please give the author a "Like"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Link to Post
- Email to a Friend
- Report Inappropriate Content
It's not like a lease at all. You own the phone and there is no part of your monthly payment that goes towards interest.
It's more like a trade in program where they loan you the trade in value up front. If you don't trade in your phone at the end of your term you have to repay the loan.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Link to Post
- Email to a Friend
- Report Inappropriate Content
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.
If you find a post useful, please give the author a "Like" or mark as an accepted solution if it solves your trouble. 🙂