A Guide to Phone Financing Deals
Breaking Down Phone Payment Options
If you’re eyeing the latest iPhone or Android smartphone but don’t want to shell out $1,000 or more upfront, you’re not alone. Phone financing is one of the most popular ways to make new devices more affordable. Whether you’re in the U.S. or Canada, carriers and retailers offer a variety of flexible options.
Financing Options
Carrier Financing
Spread costs across 12 to 36 months
Often 0% APR when bundled with service plans
Available from Verizon, T-Mobile, AT&T, Rogers, Bell, and Telus
Retailer Financing
Shops like Best Buy, Walmart, and Amazon offer financing through partners like Affirm (U.S.) or PayBright (Canada)
May offer promotions around holidays and product launches
Buy Now, Pay Later (BNPL) Plans
Short-term repayment options (4–12 payments)
May not require a hard credit check
Popular with budget-conscious shoppers and younger consumers
Current Promotions
iPhone/Android Trade-In Offers
Trade your old device for savings depending on its condition and model
Bundle & Save Deals
Packages that may include free earbuds, charging docks, or data plans
0% APR for 24 Months
May be offered directly through Apple, Samsung, and select retailers—ideal for those who want to avoid interest
Tips for Choosing a Plan
Review the total payment amount over the life of the plan
Check if early payoff is allowed without penalties
Understand trade-in values and timing
Make sure your device comes unlocked if you’re likely to switch carriers
By spreading payments and tapping into seasonal promotions or trade-in credits, phone financing can make upgrading to the latest device much more accessible—just be sure to compare total costs before committing.
Disclaimer
This content is intended for informational purposes only and does not constitute legal, medical, or financial advice. Always consult with a licensed professional regarding your specific situation.
