Hi, I’m having a bit of trouble understanding how this works. So let’s take two phones currently on sale:
- Samsung S20 FE 5G certified pre-owned. It’s $0 upfront, $480 on the tab, and $330 tab bonus. So, assuming you stay with Koodo, don’t make any changes, and pay off the entire 24 months, the phone would be $150 total. OR is the $480 with $330 already subtracted?
- Samsung S20 Ultra 5G. It’s $408 upfront, $792 on the tab, and $1000 on the tab bonus. Again, stay for 24 months, no changes, etc. etc., and the phone would be $200!!! OR again is that deal already with $1000 off factored in?
From what I’m reading, the first of the two conditions is what happens, but it doesn’t make much sense that somehow an Ultra is only $50 more than than FE. So I’m thinking that the prices on the website phone ads are with the tab bonus factored in, but the explanations I’m reading don’t really make it sound that way. If it’s true, then it’s a hell of a deal on an Ultra!
I really would appreciate a clear explanation of how this works. I don’t seem capable of comprehending this on my own.
Best answer by Dennis
1. You pay $480 with $330 already subtracted and put in the tab bonus that slowly gets reduced until it is zero in 24 months
2. It’s $408 upfront, $792 on the tab you pay over 24 months. And the $1000 on the tab bonus that gradually gets reduced to zero in 24 months.