Smartphone leasing, is it worth it?

Has anybody revisited the new smartphone leasing options now available in the UK?

Not since Raylo came along. Seems you have to drill down into the small print to be sure of what you are getting. R-

Raylo is all very simple. Brand new SIM-free iPhone 11, 24 month subscription with insurance as optional. You get a brand new iPhone at 24 months when you return your old one and they make sure it gets re-used and stays in circulation.