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ZTE Reveals Lease-to-Own Plan for Buying Smartphones

News by Micah Bartos on Wednesday October 14, 2015.

zte news · industry news · micah bartos

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With carriers in the United States slowly starting to turn away from the old model of contracted subsidized phones, it has opened a gap in the market for manufacturers to step into. Apple has done so with its iPhone Upgrade Program and now Chinese company has announced its own similar system.

The company announced a lease-to-own plan that runs anywhere from 6 months to 24 months ranging in price for various unlocked ZTE devices in the United States, including the Axon Pro. If consumers pay the full term agreement they will own the handset, or alternatively they can trade it in earlier provided the monthly payments are up to date and the handset is in "good working order".

This is a U.S. only plan at the moment according to the Chinese giant, while more details about the specifics will be announced soon.

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