Vodafone is launching Australia’s first 48-month interest-free mobile device payment plan to give customers more flexibility to purchase of their next smartphone.
This is in response to research that shows Australian users are holding on to their smartphones even longer.
New Vodafone data showed that the number of customers using smartphones for four years or longer has doubled since 2021.
Another driving factor is the rising cost of flagship smartphones including the upcoming Apple iPhone Duo – the company’s first foldable iPhone which will start at $3,499 when it’s released on October 23rd.
Previously the terms were 12, 24, or 36 months for mobile payment plans now Vodafone is the first Australian telco to offer a 48-month mobile payment term, to offer more choices and flexibility in how they will repay the cost of their new device.
An iPhone 18 Pro 256GB purchased on a 24-month payment plan with Vodafone costs $88 per month but now, with the 48-month plan, that monthly cost halves to $44 a month thanks to the longer payment period.
“Australians are holding onto their phones for four years or more, but until now they haven’t had the repayment options to match,” says James Gully, Acting Group Executive Consumer at Vodafone.
“The telco industry hasn’t moved, so we’re moving first.
“Our new 48-month repayment plan gives Australians another way to manage the cost of technology, with more flexibility and lower monthly repayments.”
The Vodafone 48-month repayment plan is available from today across a range of smartphones and tablets.
