Rogers unveils ‘Edge Financing,’ get any device for $0 down and no interest - Canadian TV, Computing and Home Theatre Forums
 
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post #1 of 6 (permalink) Old 2019-07-04, 12:14 PM Thread Starter
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Rogers unveils ‘Edge Financing,’ get any device for $0 down and no interest

On July 10th, customers will be able to get a device and split the retail cost over 24 equal monthly payments

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At the end of the financing term, the device cost automatically drops off a customer’s bill, leaving just the cost of the wireless plan.
This means customers will no longer be paying for a phone, after it's already paid for. Hopefully, it will be a separate line item.

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post #2 of 6 (permalink) Old 2019-07-04, 04:45 PM
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This is the same as Telus' new Easy Payment & Peace of Mind plans.
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post #3 of 6 (permalink) Old 2019-07-05, 11:39 AM
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So say, you go in to get a new phone, etc.

You choose the say $75 'unlimited' plan.

You choose a new phone, which is exactly $1000.

You would then be paying 75+41ish every month for the plan/phone?


But auto as soon as the last payment is done, you would drop back to just the $75.



Other than the automated part at the end... I dont see it as much of a SAVINGS?
Comparing that same $75 plan right now, for the newest phones, the 'plan' you need to take for with the phone, is $115. So $40 more. Pretty much the same?
You could end up paying MORE for a $1500 phone?

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post #4 of 6 (permalink) Old 2019-07-05, 11:46 AM Thread Starter
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Hopefully, they'll list the stand alone price for both the plan and phone. In my case, I paid for the phone outright, not over 24 months, as Rogers couldn't come up with a plan that wouldn't cost me more over 2 years, than keeping my current plan and just buying the phone.

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post #5 of 6 (permalink) Old 2019-07-09, 10:18 AM
 
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Just another creative way for Canadian to increase their debt load! Wonder what the penalties are for missed payments, etc. - that will be a huge moneymaker for Rogers.
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post #6 of 6 (permalink) Old 2019-07-09, 01:01 PM
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Part of the reason this was done may be the skyrocketing costs of high end phones. Separating phone purchases is a good idea if plan rates are reduced by an equivalent amount. As it is, I'm concerned that it's just another vehicle for hidden plan rate increases.

This could also increase phone costs significantly. It would be better for many to look for a discount or sale on a new phone rather than pay the wireless carrier price and hand them a huge markup. That $70+/mo plan that once included a high end phone may just have increased in price by $20+/mo when a high end phone is not included.
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