Most people won't struggle to pay the monthly bill for an 18 or 24 month contract.
But the point I was trying to make is that these companies coming out with these offers still gain something out of it at the end of the day. Especially if the PS3 is re-claimed. If it's re-claimed, then
it shows up on the company's end of year accounts as a tangible asset. It's a tangible asset because the PS3 will still have re-sale value even if it has been re-claimed. They will make a profit on it anyway because it was hired until it had been re-claimed.
But the customer loses out in this situation. The company making this offer will always say "subject to credit check" but in reality, they will give out the PS3 to anyone even if you have a bad credit history.
This is why I think these offers are high risk and very misleading. In my opinion, you should only take up a free PS3 offer if you can afford to pay the entire 18 or 24 month contract in 1 payment. If you can't afford to pay the entire 18 or 24 month contract in one go, then I would not recommend taking up the offer because that's just asking for trouble. :no:
That goes for everyone in this thread who's thinking about taking up a free PS3 offer.