Device financing is a way of spreading out payments for the purchase of a mobile device. It often comes with no upfront payment or interest fees.
With device financing, the cost of the phone is usually split in 24 monthly payments at 0% interest. For example, if you are buying a $960 smartphone on a 24 month plan, you will be paying $40 per month for the phone on top of your monthly plan.
Device financing can be worth it if you want to buy a smartphone without having to pay the full balance upfront. The main downside is that you will be tied to a 24 months contract with your provider.
Read our blog article to learn more about
device financing.