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Leasing, cost to buy device at the end, who or what dictates Fair Market Value

Hi all, I signed up this week to a new Telstra service, and was sold the lease option of an iPhone 8, I was told that at the end of the two year plan, that the option to buy the old handset was about $300, in which I thought was fair, however doing the research on the Telstra site, it claims “fair market value” so not the $300. Who and how is this “fair market value” worked out?

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Support Team
Support Team

Re: Leasing, cost to buy device at the end, who or what dictates Fair Market Value

Hi @Pitto74

 

Thanks for choosing Telstra!

 

From what I can find on my end, fair market value will be advised at that time you upgrade

 

You can find more information on the following link: https://www.telstra.com.au/support/category/mobiles-tablets/other/what-are-go-mobile-swap-plans 

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