Telco fans rushing to purchase a new iPhone 11 plan are being warned to choose carefully to avoid wasting cash.
The big three telcos – Optus, Telstra and Vodafone – have all rolled out new deals following the release of Apple’s latest device but the price varies greatly.
Analysis from telco comparison website WhistleOut found the entry-level deals offered by the carriers can leave customers paying nearly $400 extra, depending on who they choose.
Its analysis found for the iPhone 11 64GB entry-level 24-month plans:
• Vodafone users pay $2039 and it includes 5GB of data.
• Optus users pay $2304 and it includes 4GB of data.
• Telstra users pay $2399 and it includes 15GB of data.
Telcos have rolled out the latest plans for customers wanting to get the new iPhone 11.Source:Getty Images
WhistleOut spokesman Kenny McGilvary said users needed to carefully hand-pick their plans because they might be paying for data they simply didn’t use.
“With Telstra, the entry-level plans you can get are with 15GB, but there aren’t many people who need anywhere near 15GB,” he said.
Buying the iPhone 11 costs $1199 from the Apple store, so customers could match this with cheaper SIM-only deals of 10GB per month, starting at $25 per month.
Over 24 months this would cost a customer $1799.
Mr McGilvary said often customers were financially better off buying any handset outright and then choosing a SIM-only plan.
“If you have the cash now and buy a plan to suit you to that over the next two or three years, you’ll save money in total,” he said.
“That gives you the flexibility of changing plan and changing provider, and taking advantage of the best deals in the market.”
Optus head of product management Shawn Van Graan said many consumers wanted to keep up with the latest technology, which prompted the telco to offer free upgrades.
“Giving the consumers the option to upgrade in the 12-month period allows them to feel they are not going to be left behind,” he said of the practice of phones being updated on a yearly basis.
“You can upgrade within 12 months … if you see something better you can return your phone and you can upgrade to the latest handset that comes into the market.”
Vodafone chief commercial officer Ben McIntosh said the “days of nasty contracts are gone”.
Unlike the other big telcos, Vodafone offers deals that split the handset and usage costs apart, allowing customers to change their usage component at any time.
“If you start on our $35 plan and your usage increases you are not locked into that plan – you can go up or down,” Mr McIntosh said.
“If you start a bit higher and you start on a $55 plan with 80GB of data for example, if you don’t need it next month just move down to the one you do.”
Originally published asCheapest way to buy an iPhone 11