O2 Lease lets you rent an iPhone 4S

Don't fancy buying an iPhone 4S? Now O2 will let you rent one for a year, after which you return the handset. But is it a good deal?

Fed up of shelling out for two-year contracts, only for your phone to be out of date a few months in? O2 may well have the answer: rent an iPhone 4S , thanks to its new O2 Lease programme, TUAW reports.

Here's how it works: you rent the handset for a year, rather than being weighed down with it for an 18- or 24-month contract. There's no upfront cost for the device, but you do have to return it at the end of the lease period. O2 has some stern words of warning for anyone who's ever got a bit careless with their phone, too.

The caveat reads: "With O2 Lease, the phone isn't yours and if you don't return it in satisfactory condition at the end of your lease, you may have to pay substantial charges." So bad news if you've made a habit of getting drunk and dropping your phone in the loo.

So what's the tariff like? You get 750 minutes per month, unlimited texts and 500MB data, with unlimited UK Wi-Fi, tethering and 20 UK picture messages. O2 will insure the phone too. For the privilege, you pay £55 per month for the 16GB iPhone 4S, or £65 per month for the 32GB.

Normally if you were taking out an iPhone 4S for 12 months on O2, you'd pay between £21 and £62 per month, with data ranging from £3 to £10 extra.

The 750 minutes per month is a limited offer, going down to 600 minutes according to O2's terms and conditions, though there's no word on when that'll happen.

So, what do you reckon? A good deal? Or is it too expensive just to avoid a longer contract? Would you rather keep the same phone longer than a year? Let us know in the comments below or over on our Facebook page.

Tags:
Phones
About the author

    Joe has been writing about consumer tech for nearly seven years now, but his liking for all things shiny goes back to the Gameboy he received aged eight (and that he still plays on at family gatherings, much to the annoyance of his parents). His pride and joy is an Infocus projector, whose 80-inch picture elevates movie nights to a whole new level.

     

    Join the discussion

    Conversation powered by Livefyre

    Don't Miss
    Hot Products
    Trending on CNET

    TechProbe Volunteers Wanted: Huawei Mate 7

    Your chance to test drive and keep the Huawei Mate 7 phone

    Tell us about the technology you're using right now, and how a smartphone could help you in your professional life.