Last updated: August 2026

At the end of a contract this is the decision that matters most, and it turns on a single question: does your current phone still receive security updates?

Everything else — how it looks, whether the camera is dated, whether a newer model is tempting — is preference. That question is the one with a right answer.

If updates have stopped: upgrade

A phone no longer receiving security patches should be replaced, particularly if you use banking apps on it. No saving justifies running unpatched software on a device holding your financial access.

That is a genuine need, not a want.

If updates continue: SIM-only

The saving is substantial, because you stop paying device financing on a handset you now own outright. Same phone, same number, considerably lower bill.

See SIM only upgrade deals and SIM only deals.

The middle cases

Situation Answer
Battery failing, everything else fine Replace the battery, then SIM-only — usually far cheaper
Screen cracked but working Price the repair against a new contract
Storage constantly full On Android a memory card may fix it; on iPhone it will not
Phone works but feels slow Often RAM rather than age — upgrade only if it genuinely impedes you

What doing nothing costs

Many contracts roll over at the same rate, meaning you keep paying device financing indefinitely on a phone already paid off. Doing nothing is the most expensive of the three options.

See upgrade vs new phone contract, when can I upgrade and trade in vs upgrade.

Frequently asked questions

How do I check if my phone still gets updates?

Your phone’s settings show the current software version, and the manufacturer publishes support windows by model.

Is SIM-only really that much cheaper?

Yes, because no handset is being financed.

What if only the battery is failing?

Replacing it is usually far cheaper than a new contract.

What if I do nothing?

Many contracts continue at the same rate, which is the costliest outcome.

More comparisons

Pricing and terms are set by each provider and change regularly.

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