ZTE introduces a new lease-to-own payment plan for smartphones and mobile devices

As the fourth largest smartphone supplier in the U.S., ZTE believes that everyone should be able to afford advanced smartphones, and as a result introduced today a new lease-to-own payment plan for customers wanting to pay for their phone or other mobile devices over time. ZTE CEO Lixin Cheng believes that purchasing and using a ZTE device should be easy for any consumer, and so the leasing option is available for any credit scores. The service provided by SmartPay Leasing Inc. will be available online for all customers at http://www.zteusa.com. The SmartPay leasing service allows you to select which ZTE device you want and customize your scheduled monthly payments over a course of 6-24 months. You will have to make an initial payment to start the lease. Once all the payments have been made, you own the device, and you do have the option to pay early without any penalties or other fees.

One great advantage is that if you are consistently paying your monthly fees, you have the option of canceling the lease at any time to upgrade your device by just returning your current one. There is of course an early termination fee if you wish to completely cancel your plan.

No info was given as to when the leasing service will be available, however the report mentioned that the service should be coming soon.

Source: Business Wire

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