While many people get their hands on the latest mobile handsets by taking out contracts, there are benefits to buying the phone outright and opting for a SIM only plan instead.
For many people, the most viable way to get their hands on a spanking new mobile handset is to opt for a standard mobile phone contract, which comes with the handset included either without any upfront payment included or at a subsidised upfront cost, with a specified amount of minutes, texts and data included as part of the plan as well.
However, there are also benefits to buying the phone that you want outright and then finding a suitable SIM only plan for your minutes, texts and data. Although you have to pay upfront for your phone, which can be quite costly with today’s high tech smart phones, it does offer a range of advantages compared to signing up to a standard contract.
First off, those who get their own phone and opt for SIM only can escape the need to sign up to a lengthy contract, which is required with a standard plan so that the provider can recoup the cost of the phone that came with the plan. This means far more freedom and the ability to switch providers far more easily and readily.
Another major benefit is that your monthly costs will be considerably lower, as you will not have to factor in the cost of the handset, so you can get the same amount of minutes, texts and data as you would with a standard contract but at a far lower monthly price. In fact, some people believe that over the period of 18-24 months, which is the amount of time you may be tied into a typical contract, they actually end up saving a considerable amount of money by opting to buy a phone outright and then choose a low cost SIM only plan.