The new AT&T 'Next Every Year' and 'Next' financing plans are aimed at providing consumers with newer devices as they want them at prices they can afford. Being that new smartphone technologies often cost hundreds of dollars upon release, the development of financing plans to cover their costs is becoming more common.
The AT&T 'Next Every Year' plan allows users to upgrade after one year (12 payments) have been made or after 50% of the device cost has been paid off. The AT&T 'Next' plan allows for upgrades after two years (24 payments) or 80% of the device cost has been covered.
The new AT&T financing plans look to get consumers more open to upgrading their devices and show them how the latest technology can be more affordable than it might appear at first glance.
What's Driving This Trend
- Device Upgrade Plans
- Developing financing plans to cover the costs of new smartphone technologies is becoming more common.
- Affordable Technology
- Showing consumers how the latest technology can be more affordable than it first appears.
- Flexible Payment Options
- Introducing plans that offer flexibility in terms of upgrade timing and payment percentage.
Who This Affects Most
- Telecommunications
- Offering financing plans to encourage device upgrades in the telecom industry.
- Consumer Electronics
- Exploring financing options to make new smartphone technologies more accessible in the consumer electronics industry.
- Financial Services
- Providing innovative financing solutions for consumer electronics purchases in the financial services industry.
