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If you’re going to buy a new phone, might as well get the best, right? In most cases, this means getting the latest releases from popular, dependable brands like Apple, Samsung, LG and Nokia. This also means that getting the best phone available will cost you. You may not even be able to afford to pay for the phone in cash. But does that mean you should settle for second best? Of course not! You can get your mobile on finance instead. This way, you don’t have to shell out a lot of cash but you still get the best phone.

If you’ve been considering whether mobile phone on finance is a good idea or not, here are some key considerations to help you decide:

Choose the mobile phone that you want

When you decide to finance your mobile phone, you can practically choose whichever phone you have in mind. Granted that you’re eligible to avail this type of financing, the sky’s the limit for your phone choices. If you want the latest iPhone or Samsung Galaxy, you can get what you want with the right financing plan.

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Pay for your phone in monthly installments

High-end smartphones packed with the best features like 3D touch, touch ID, and fast performance are usually very pricey. Most of us cannot afford to buy these phones upfront. This is where financing comes in handy. Rather than one large payment, you can spread the cost of your phone through monthly installments. For many of us who don’t have the cash to buy upfront, monthly financing is a convenient and cheaper alternative. On the downside, the financing plan can be lengthy. You’ll have monthly payments to worry about for a long time. But in exchange, you get the phone that you want.

Avail a bundle plan along with your phone

Most financing plans for mobile phones don’t just offer the smartphone but also a bundle plan along with the package. Major carriers offering mobile phone financing options will give customers a chance to choose their smartphones as well as a plan for their call, text and data allowances. They always go hand in hand with each other. If you’re a heavy mobile phone user, this is actually a good thing. You pay for a monthly fee to get a smartphone as well as a generous allowance for phone services that you’ll use every month anyway. Provided that the plan is best suited for your needs, you’ve found the best phone financing deal.

Access to exclusive offers and freebies

When it comes to financing your mobile phone, there are plenty of offers from across different carriers in the UK market. This means competition is pretty stiff among carriers. This is good news for mobile phone users because then you’ll have more choices to choose from. To get ahead with their competition, some carriers offer exclusive offers for subscribers. These offers may come in free gifts like another electronic device to go with your smartphone. Sometimes, it may come in the form for additional calls or text allowance. In any case, you are likely to win as a subscriber if you pick the right carrier to get financing with.

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Should you finance your mobile phone?

At first glance, mobile phone financing is convenient, cheap and ideal if you can’t afford to buy upfront. But it has its downsides too. For one, contracts can be lengthy. And two, the total amount you’ll pay in the end may be more than what you bargained for. To make the financing work for your situation, extra care with your financing options and a lot of research go a long way.