ZTE smartphones have historically been more prevalent in the budget space, however, this year the company has kicked it up a notch. The Axon phone was a well received flagship contender. But as it typically goes, as quality increases, so does price.
Therefore, ZTE wants to make sure its devices are still within reach. Today, the company has announced a lease-to-own purchasing option. It applies to any unlocked ZTE device offered in the US.
Interestingly, the payment plan won’t be managed by ZTE. It will be provided by a third-party company, SmartPay. ZTE says that when you apply, you can choose monthly payments between a range of 6 to 24 months. Once all the payments are made, you will of course own the device.
And when you want to upgrade, the process sounds pretty simple. As long as you’re up-to-date on the monthly payments, you can cancel your lease and return the device. Once it’s received, you’re free to restart the financing plan again with a new ZTE device.
What do you think about ZTE’s approach to a payment plan option? Would you do it?
[toggles title=”ZTE Press Release”]
ZTE INTRODUCES NEW LEASE-TO-OWN OPTION FOR SMARTPHONES AND MOBILE DEVICES
ZTE customers can now get a mobile device and pay for it over time
Richardson, Texas – October 14, 2015 – ZTE USA, the fourth largest smartphone supplier in the U.S. and second largest in the no-contract market*, today introduced a lease-to-own payment plan for customers who want to pay for their phone or other mobile device over time and spread out their payments to make it more affordable. This lease-to-own payment option is provided through SmartPay ™ Leasing Inc. and will be available online for all customers beginning soon at www.zteusa.com.
Lease-to-own is available for unlocked devices such as the recently launched Axon Pro and other mobile devices such as the ZTE Spro 2 Smart Projector.
“We are introducing leasing options because we believe advanced mobile technology should be available to everyone. We also want the experience of purchasing and using a ZTE device to be easy for any consumer,” said Lixin Cheng, CEO and chairman of ZTE USA. “How customers want to pay versus the amount they are comfortable paying are equally important – and ZTE can provide the best of both worlds.”
Leasing options for credit scores of all types
With SmartPay, you can get an immediate approval to lease ZTE devices. If approved, simply select the ZTE device you want, make your first payment at checkout and make scheduled monthly payments thereafter**.
No long-term contracts
The length of a lease plan is determined when you apply and can range from 6 to 24 months. Once all payments are made, the lease is complete and you own the device. You can also pay off your lease early without any penalties or future fees***.
Upgrade your phone when ready
If you’re up-to-date on your monthly payments you can cancel your lease at any time and upgrade your device by simply returning your current device in good working order to SmartPay. Once your phone is received your lease is cancelled and you’re free to get the new device you want.