T-Mobile has launched an iPhone and iPad leasing program that extends financing from Apple to businesses activating 25 or more lines with the wireless carrier. For a limited time, T-Mobile will cover the first $100 of every device leased through the program.
By leasing smartphones and tablets with no up-front cost and lower monthly payments than purchasing, customers can free up capital and have more financial flexibility to invest in and grow their businesses, says Mike Katz, executive vice president of T-Mobile for Business. By leasing instead of owning, businesses are freed from device lifecycle management, carrying the entire device ownership cost and technology obsolescence risk, he adds.
Instead, they pay only for their usage of the device then easily move to the latest technology. In addition, while purchasing devices outright or through an equipment installment plan (EIP) is a capital expenditure, leasing devices over 24 months through Apple can move the cost to an operating expense and help to maximize cash flow.
Through the program, business customers can get an iPhone 8 for $18 per month. To learn more about Apple Financial Services from T-Mobile, visit https://www.t-mobile.com/apple-financial-services.