ZTE is trying to extend its market beyond the white-label and entry label smartphones. ZTE’s Axon is the nicest phone from the company which is integrated with excellent design and functionality. But, the phone is too much expensive compare to the other phones from this company. Now, the company is hoping to fulfil the needs of the budget-conscious buyers and released a new device called Financing Option. However, the main drawback of this device is its price, too much expensive.
This program will be managed by SmartPay Leasing because this company has enough experience in offering similar services for many retailers. Carriers offer better payment plans, but they need a more stable income than SmartPay.
Lixin Zheng, the Chairman and CEO of ZTE said that they want to make the experience of buying and using a ZTE device easier for the customers. If you want to apply a financial line through ZTE, you will be approved maximum of $2000 in credit with a 6 to 24 months payment plan. There is also a variable payment when purchasing. You will get the details info on SmartPay website.
For example, if you finance a $450 ZTE Axon for 12 months, it will cost you total $1000, which is really insane, however, most of the rent-to-own or lease-to-own programs are like this. Until you pay the full sum, technically you will not be the owner of the device. There is an option to pay the total sum early, but it will only change 3.5-20% fees. This SmartPay option soon will be available to the buyers, but the best option is to avoid it.
Source- Android Police