represent able to buy a smartphone and pay in installments has obvious benefits . The nearly glaring is that it helps you purchase the late phones without stretching your cash flow tenuous . In other words , you do non have to empty your pocket surgery bank account in order not to miss out along freshly devices . It is a way of making phones affordable for Thomas More people . The flip side be that you have to pay an occupy on the selling price of the call , so you ending up paying Sir Thomas More at the end of the daylight . yet , information technology is a win-win for both purchaser and seller . buy a smartphone on Associate in Nursing installment plan is becoming more essential ampere the prices of smartphones get going up . Manufacturers are amend on their products and add more cutting edge features to them . The event of this is that prices also live up . The current crop of 2020 premium flagship smartphones , for example , are hitting the range of $ 1,000 . ## What is an installment plan? Paying in installments means splitting up the payment for a device from one bulk sum to smaller multiple amounts. So , a 2-month instalment plan mean that the payment represent circulate across two calendar month , while a 6-month installment plan have in mind that the defrayal be disseminate across sextet month . An installment plan is a credit-based transaction . This comprise called financing in some countries , e.g. , the US . You will find it phone pay little little in Federal Republic of Nigeria , Ghana , and early countries indium Africa . ### What is an example of an Installment Plan? For example, instead of paying the full price for an iPhone 13 Pro Max one time, you can get it on a contract or installment plan and pay as little as $100 monthly for between several months. bet on the particular of the financing or credit scheme , the monthly defrayal can equal fan out over as many arsenic 24 months .
