T-Mobile this week launched iPhone and iPad leasing program that extends financing from Apple to businesses activating 25 or more lines.
Under the program, businesses can lease iPhone and iPad models over a period of 24 months with no upfront costs, and lower monthly installments. And for a limited time, T-Mobile will cover the first $100 of every device leased through the program.
By leasing instead of owning, businesses are freed from device lifecycle management, carrying the entire device ownership cost and technology obsolescence risk, said T-Mobile. 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.
Funded through DLL Group, Apple financing offers flexible and innovative leasing options for most current iPhone and iPad models as well as future devices on America’s fastest LTE network.