Customers will be able to choose to pay for unlocked devices for various periods of time, from 6 months to 24 months. When all payments are complete, they’ll end up owning the respective devices. If you want to update your device before all payments are made, you can do it if you’re up to date with monthly payments and you return the initial device “in good working order.” The recently released ZTE Axon Pro, which can currently be bought unlocked for $449 outright, will be one of the handsets available with the new option. Moreover, ZTE’s Spro 2 Smart Projector will also be included in the offering.
Further details about the ZTE’s lease-to-own financing option will soon be revealed on the company’s US website (yes, this will be a US-only option, at least for the beginning).
source: Business Wire