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Occasional Contributor
Occasional Contributor

iPhone 11 Pro Max 512gb, pricy solutions...

I am reaching out to the community for help. iPhone is on $140 36 months.

I am not in a perfect financial situation and passed 12 months into the contract. I’ve got the My plan plus, the reason I’ve got the high monthly bill is I’ve got another number which I don’t use plus the earbuds, and watch $5 plan.

I am sort of sick of getting iPhones which are costing me between $2000 to $5000 for their long term contract, but the iPhone is nice to have.

I don’t know how you can help me. Maybe go Samsung. Plus I lack insurance from day one but just seeing if there are other people with this issue, and see what they’ve done.

It’s this money thing, and brands just cost money, but they are only brands.

Edit: I just saw a topic that you can sell on eBay and that way you can get a new iPhone. Don’t know if this can be done... I’ve selected the option where I own this phone I think but not the rent one...
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Regular Contributor
Regular Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

Have you checked your Plan Critical Information Summary as you may be able to upgrade for a fee and hand the handset back to Optus.  If you login to My Account and click on your number and click on Critical Information Summary.  You may be able to pay a once off fee to hand it back to Optus and re-contract with another device.

You could always sell your handset off privately, or via a phone cash in service, and then pay out the contract if you want to lower your bill.  All the flagship phones are well over $2k outright now, if you dont want to spend that much, look for a mid-tier device like the new Samsung S20 FE or the iPhone SE etc.

The other number you dont use, you may be able to disconnect, maybe contact customer service and have a chat to see what they can suggest to help you lower your bill.

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Occasional Contributor
Occasional Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

I know that it's well over $2k, it's just that I can't resist the temptation of buying a fancy iPhone as they advertise it on the website so well. I know it doesn't come with what they promise they just milk the brand. It's like BMW or Mercedes they are all made in China now only the M series produced in Germany. Nothing is considered quality or else the business will be bankrupt, they won't make much money, they need people to buy their stuff.

The problem of being an employee while you purchase liabilities for your hard-earned cash persists. We are not talking about $100. It's like $3k to $5k for a phone that's ridiculous.

Not everyone is able to make money for nothing, most have very bad financials and love to purchase liabilities but unfortunately can’t afford them.
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Respected Contributor
Respected Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...


@rodger28 wrote:
I know that it's well over $2k, it's just that I can't resist the temptation of buying a fancy iPhone as they advertise it on the website so well. I know it doesn't come with what they promise they just milk the brand. 

Yet you say "Maybe go Samsung"..."you can sell on eBay and that way you can get a new iPhone", which means its not a realistic prospect.

You are just addicted to the getting the latest iPhones (and who know how many other "must have" things/services you regularly spend money on). You are not looking for ways to save money because of your financial position, you are just looking for ways you can justify that new iPhone.

When financial situations change for the worse its time to see where spending can be cut, and not buying a new phone should be an easy and obvious decision, not one that needs to be agonised over.

The problem of being an employee while you purchase liabilities for your hard-earned cash persists. We are not talking about $100. It's like $3k to $5k for a phone that's ridiculous.

But you don't need to purchase a new phone, not even a $100 one. You just want it.


Not everyone is able to make money for nothing, most have very bad financials and love to purchase liabilities but unfortunately can’t afford them.

Just because things like high end iPhones exist does not automatically mean you have an entitlement to it. And if you can't afford them then you don't purchase them. And if you do, you have to accept whatever financial hardship that comes with that decision.

I, for example, would love the latest Galaxy Note 20 to replace my 5 year old Galaxy Note 4, and I can "afford" it if I decided to upgrade, but spending $2k on it now when my current phone is still working fine is not a financially sound thing to do no matter now much I desire the new phone.

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Occasional Contributor
Occasional Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

It seems Apple fanatics that are prepped online such as addictive games will be the politics Apple persists it's a good income stream that never expires. The young ones just follow the herd even without any actions.
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Honoured Contributor
Honoured Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

I'm not sure what you're asking Roger? If you're unable to not buy the latest most expensive 'thing' then I'm afraid there's no helping you. But you've taken a moment to pause and take stock of just what it is you are getting for your money so that's a good thing. A few thoughts:

1) Be aware of all the add ons. Earbuds, insurance, screen repair, watch plan, watch, etc. If you get an expensive model then these are all 'little' bites that turn your expensive purchase into a massively expensive one.

2) Slow down on the replacements. The industry has invested a fortune into convincing customers that they just pay off a phone over two years and then immediately retire that and get a newer one for another two years. The most immediately powerful saving you can make is just keep the phone and put in a cheap SIM only plan. Instead of paying $100+ a month you could reduce that to $20 now.

3) Realise that all big brand phones are essentially exactly the same over the past 3 versions (and further). They all run the identical software and they all take good photos. What more exactly are you buying for your next $2000 outlay?

4) Make a choice between Android and iPhone. If you go iPhone then you're pretty much locked into the premium price and eco sphere. Android has a lot more price points. For example a latest model Pixel 4a will cost around $700 and have all the pure pixel experience (bearing in mind the Google ecosphere is now as fully developed as Apple)

5) Why have the latest model? Just sit yourself say 2 versions behind the bleeding edge and don't pay $1000 more for the exact same functionality (and start looking at your phone as a tool to do what you need (play games, message, photos, etc.) not something to make you feel complete.

6) Leasing plans? I really hope you weren't taken advantage of by Optus on this one. For a $240 saving (over two years) you basically sign away all rights to the phone. Hopefully you get to keep yours.

7) As mentioned above, if you only need say 20Gb a month on average then a $25 SIM only plan will keep your number and have unlimited national calls (and probably some free international ones).

😎 Note that most Telcos now provide no subsidy on phone plans. You sign up for a phone and pay it off over two years. For this 'loan' you must also sign up to a fairly expensive post paid plan ($50+). It far better to buy your phone outright and pick a cheap SIM only plan. (If you like iPhones then Apple will allow you to buy one over a two year interest free loan and you can put any SIM in it in the meantime)

My key takeaway is figure out what you are paying now then move to one of the lower cost options. Just put the money you save in a jam jar and in a year or two you'll have enough saved up to buy another phone (preferably a cheaper second hand one for some other person willing to pay to upgrade to the latest and 'greatest)
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Occasional Contributor
Occasional Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

So this Phone is costing me around $5k.
What is their mark up? How much did they pay originally to then sell onto the customer?
Because if they only paid like $500, I mean that's a good profit per customer, and if you let them take your money easily then they will very soon seek the $10k mark, where is the middle ground in this? There is none, because telcos have went beyond their control boundaries and should be scrutinized if not they already being on fire for something which I don't remember it was in the news. Customers have enough hassles seeking competitors but if you eat into their pocket you won't see them for very long. It's not about capital it's about cashflow and creativity and customer enjoyment, with you guys Im facing a brick wall, not sure why you even asking me questions on what you want me to do. I should be asking you questions like is it fair? Or how you facing it?
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Honoured Contributor
Honoured Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

Is it fair? Are you advocating some sort of socialist approach mandating Apple sell possibly the most advanced technology on a planet at a price you feel comfortable with?

Your not owed an iPhone. Its an aspirational item not a utilitarian device. Doesn't mater if their mark up is 2% or 200% (it actually more than 200% FWIW) They get to sell it for whatever price they want.

The questions I'm asking are meant to pause and consider how extremely wealth sapping spending 5K on a phone every few years is. Also that you can get 90%+ of the same functionality for around $1000 if you start looking to work the system rather then just hand over your money and expect Apple to look after you.

Working out the true total cost (5K) is a good start. Most people get lost in the month to month costs. I've given a few tips and pointers about how to dramatically reduce costs and retain functionality. Not sure what more you expect?
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Occasional Contributor
Occasional Contributor

Re: iPhone 11 Pro Max 512gb, pricy solutions...

Not broadly, you’ve answered with 1000 per cent it’s my limited mouse psyche that loves to disagree and not put up with action like your pieces of advice which are quite crucial thinking I should have, it’s my drawback that I don’t have. I would need to look in the mirror and be positive.

EDIT: I've been an on/off Samsung/iPhone customer, had the iPhone X and now the iPhone 11 Pro Max 512 (5k contract).

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