Under the terms of the deal, an iPhone 8 is available for $18/month …
T-Mobile today announced a first-of-its-kind iPhone and iPad leasing program that extends financing from Apple to businesses activating 25 or more lines with the Un-carrier. And for a limited time, T-Mobile will cover the first $100 of every device leased through the program. By leasing smartphones and tablets with no up-front cost and lower monthly payments than purchasing, customers can free up capital and have more financial flexibility to invest in and grow their businesses.
The company says that financing is provided by Apple.
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 can often be financially advantageous to a business, even though they never own the device. Lease costs fall under operating rather than capital expenditure, enabling businesses to set off the entire cost against tax each financial year, in contrast to capital costs which are typically reclaimed over a number of years.