Axon Pro and other unlocked ZTE smartphones will be available on lease-to-own plans (no carriers involved)

Axon Pro and other unlocked ZTE smartphones will be available on lease-to-own plans (no carriers involved)
ZTE today announced a lease-to-own option aimed at smartphone users who don't want to deal with carrier financing plans or contracts. Similar to what Apple is doing with its new financing options for the iPhone 6s and 6s Plus, ZTE will allow users to buy unlocked smartphones and pay for them over time.

Customers will be able to choose to pay for unlocked devices for various periods of time, from 6 months to 24 months. When all payments are complete, they'll end up owning the respective devices. If you want to update your device before all payments are made, you can do it if you're up to date with monthly payments and you return the initial device "in good working order." The recently released ZTE Axon Pro, which can currently be bought unlocked for $449 outright, will be one of the handsets available with the new option. Moreover, ZTE's Spro 2 Smart Projector will also be included in the offering.

ZTE is partnering with SmartPay Leasing for this lease-to-own option, and might ask "$0 to 25% of your lease amount" upfront. Our advice: read the full terms and conditions before deciding to take up this offer. More details about the new financing option will soon be revealed on ZTE's US website (yes, this will be a US-only option, at least for the beginning).


source: Business Wire

Related phones

Axon Pro
  • Display 5.5" 1440 x 2560 pixels
  • Camera 13 MP / 8 MP front
  • Processor Qualcomm Snapdragon 810, Octa-core, 2000 MHz
  • Storage 64 GB
  • Battery 3000 mAh

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13 Comments

1. downphoenix

Posts: 3165; Member since: Jun 19, 2010

Good stuff. This makes me consider if I still wanna go with the X Pure or not.

5. Acer_Predator unregistered

very nice phone shame it doesnt have type c usb

2. Planterz

Posts: 2120; Member since: Apr 30, 2012

So, a $450 phone, paid for over 12 months means $67.50 up front, plus $83/mo = $1063.50 for a $450 phone. Yeah, that sounds like a great idea.

3. Florin.T

Posts: 311; Member since: Dec 16, 2013

ZTE said nothing about upfront payments, it's only mentioning monthly ones. So it should be $450 / 12 = $37.5 per month for 1 year.

4. Planterz

Posts: 2120; Member since: Apr 30, 2012

The source link says "*$0 to 25% of your lease amount could be due when you complete checkout, a debit card is required." ZTE's lease-to-own program goes through SmartPay. https://apply.smartpaylease.com/learnmore

6. JocularJ

Posts: 213; Member since: Apr 27, 2011

Math dictates that if you have to pay up to 25% of the total then you're looking at 112.5 upfront and 28.13/month for 12 months. Where did you get your numbers from?

7. Planterz

Posts: 2120; Member since: Apr 30, 2012

The website I linked to, you illiterate twat.

8. Planterz

Posts: 2120; Member since: Apr 30, 2012

How ignorat/naive are you people? Do you seriously think that any sort of lease or finance plan won't bilk you for outrageous amounts of money in the form of interest? They will never give you anything remotely a 1 to 1 ratio, because it doesn't profit them. "Math dictates"...yes it does, if you actually bother to read the terms and the math involved. Did you? Obviously effing not. But be my guest and and throw your money down the toilet. While you're at it, take a payday loan from a Native American tribe and see how well that works for you.

10. HighOnAndroidFTW

Posts: 185; Member since: Apr 26, 2015

Lmfao, also why is it that a retail price of $449 up front paid in full is "profitable " but dividing that same amount into 12 payments and still receiving the EXACT same amount at the end not profitable? ROFLMMFAO..... Once again... the adults are talking, run along and play.

12. Planterz

Posts: 2120; Member since: Apr 30, 2012

Exact same amount? Have you checked the links? Have you done any research whatsofukingever? Why the hell would any company anywhere finance/lease anything without the promise of profit? These scumbags rely on idiots like you. Short-sighted morons who think that paying month-to-month is a benefit to you when you end up paying more than 2X the actual cost. My first name is Aaron, No affiliation whatsoever to the rent-to-own rip-off artist rent-to-own company that shares my namesake. Get a goddamned clue.

9. HighOnAndroidFTW

Posts: 185; Member since: Apr 26, 2015

Planterz, you're slow aren't you? Like literally mentally handicapped...? All the insults you're dropping are representative of your comments. Just cause one can read doesn't mean that they can comprehend the subject matter at hand. Run along and play now, the adults are talking.

11. Planterz

Posts: 2120; Member since: Apr 30, 2012

Nice try, fool. Well, no actually, not a nice try, you failed. This "plan" is nothing more than usury, preying upon anyone stupid enough to fall for it. Do you have anything to offer in argument other than reciprocal insults? Have you actually read the fine print that isn't even printed fine? It is all there, plain to see, if you bothered to check. Click that link, and see what SmartPay offers you. If ZTE offers anything different, please give me (and everyone else) a link, because nobody else has, including ZTE. Heads are not designed for asses to be stuck up, yet people like you insist on trying.

13. Planterz

Posts: 2120; Member since: Apr 30, 2012

To anyone who would claim me a troll, idiot, or otherwise, I would love to be proven wrong. Show me that ZTE's "plan" isn't usury. Show me where SmartPay isn't an extreme exploitation of those who are ignorant of such schemes or are in such dire straights that they have no other recourse other than getting f#$%ed by companies like this. Prove me otherwise. Do your research, do the math, and show me, and everybody, otherwise.

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