In case you hadn’t noticed, smartphones are getting increasingly expensive. Apple’s iPhone X was the first handset to cost users a cool £1,000, for example, while Samsung have increased the price of the Galaxy S9 by a hefty £50 in comparison with last years’ iteration.
The rise of the premium smartphone is also borne out by recently released sales numbers, which confirmed that the demand for feature phones declined by a whopping 8.1% last year. During the same period, the overall market grew by 4.2%, suggesting that customers were more than happy to pay more for feature-packed handsets.
With high cost and premium handsets now all the rage, however, it has never been more important that you seek out the best deals and take proactive steps to saving money. Here are some considerations to help you achieve this aim:
- Identify Distributors and Seek Out Cut-price Deals
Unless you have a preference for a particular handset, brand or operating system, independent distributors represent the ideal starting point in your quest to save money. After all, the leading distributors are able to showcase a diverse range of handsets, while they also have access to some of the most heavily discounted deals on the market.
If you look at prominent distributors such as the Fonehouse, for example, you’ll also see that many of their best offers are reserved for premium handsets such as the iPhone X and those in the Galaxy S range. These promotions can instantly minimise the upfront costs and monthly repayments associated with these handsets, bringing costs down and making high-end products far more accessible in the process.
From another perspective, established distributors also offer the advantage of enabling you to compare a full range of prices and specifications through a single website.
Crucially, this can save you considerable amounts of time, allowing you to spend your time more efficiently and optimise productivity.
- Prioritise Deals with Cash Back and no Upfront Costs
While perusing a large range of offers is important, so too is your ability to appraise individual deals and hone in on key details.
A number of the latest deals have sought to minimise costs by eliminating the presence of an upfront fee, for example, with many of these being used to promote premium handsets. This means that customers can procure a phone without being required to pay anything in advance, as they pay of the required amount in monthly repayments over a fixed 12 or 24-month contract.
Similarly, distributors are also using cash back to incentivise customers to buy high-end handsets. While this may seem a little gimmicky, it can provide you with a small cash sum when your purchase your phone, and when combined with the absence of an upfront fee it can have a cumulative impact on your bank balance.
The amount of cash back that you receive usually relates to the value of the handset, so premium phones typically deliver a heftier reward.
Prioritising these types of deal can trigger short-term savings and gains, which could prove crucial when investing in an expensive piece of technology.
- Choose your Data Plan Wisely
When it comes to tariffs, it’s crucial that you appraise each deal carefully and ensure that you make a decision based on your precise usage. This is the only way to secure a cost-effective deal, while also ensuring that your handset is capable of coping with the demands that you place on it.
There are two steps to this. Firstly, you need to choose a handset with the right amount of internal storage, as this will have a direct impact on usage and the retail price. If we take the iPhone X, for example, we see that this handset is available with both 64GB and 256GB of internal storage, with the latter £12 more expensive per month than the former. This equates to £288 over the course of 24-month contract, so you need to select the option that best suits you needs.
Put simply, 64GB is more than enough for average smartphone users, so selecting this storage option can help you to save money without compromising on the functionality of your handset. In fact, you should only prefer a 128GB or a 256GB option if you’re an avid gamer, or someone who likes to stream high volumes of content through your mobile on a daily basis.
Secondly, it’s also wise to give priority to deals that offer unlimited texts, calls and data usage. Although this can cost incrementally more each month, selecting deals that restrict your usage could cause you to exceed your limits and ultimately pay considerably more than the standard sum.
This is to be avoided at all costs, as it will drive up costs considerably over time and make it exceptionally difficult to manage your payments.