T-Mobile launched a first-of-its-kind iPhone and iPad leasing program that will extend financing from Apple to businesses activating 25 or more lines with the cell carrier. For a limited time, T-Mobile will also cover the first $100 of every device leased through the program.
Funded through DLL Group, the Apple financing will offer flexible and innovative leasing options for most current iPhone and iPad models as well as future devices.
“Part of our job is to make wireless simpler for business customers – from service pricing to customer care to device pricing,” said Mike Katz, executive vice president of T-Mobile for Business. “When businesses told us they wanted more flexible financing and upgrade options for iPhones and iPads, of course we listened. We’re pleased to bring this unique and compelling offer that combines our service with financing from Apple for our business customers in the US.”
Leasing instead of owning will help free businesses from device lifecycle management. Instead of carrying the entire device ownership cost and technology obsolescence risk, they can 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 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.
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