Smartphones are expensive. Even if you pay for a plan that has an affordable monthly cost, the upfront price for a new phone can be frightening. The average selling price for a smartphone these days is around $550, which means your device will cost you anywhere from $200 to $300 when you buy it new. However, there are ways to get a phone cheaper than its sticker price. One of the best ways to do this is by financing your device with an extended service contract or leasing it through your carrier. Doing one or the other of these things will have a dramatic effect on how much you pay upfront. You should not hesitate to ask your carrier about any available incentives before signing up for service and buying a device (ideally before your first bill comes). There are some downsides to leasing or financing as opposed to paying upfront. Financing usually comes with interest, and leasing means giving up ownership of the device after a set period of time (usually one to three years). But in both cases, you get the same benefits from having an affordable monthly payment instead of an upfront purchase price.
Can you unlock a phone that is not paid off
No, you cannot unlock a phone that is not paid off. Once a phone is locked to a specific carrier, it can only be used with that carrier, unless it is unlocked by the carrier or through a third-party service.
How To Unlock A Phone That Is Not Paid Off
- Go to the carrier’s website and find out how to unlock your phone.
- Send a request to unlock your phone by filling out the information on the carrier’s website.
- Wait for a reply from the carrier asking for your IMEI number, which you can find in your settings menu under “About”. The carrier will send you an unlocking code, which you then enter into your phone and follow the instructions on the screen.
- If necessary, contact customer service for assistance with unlocking your phone or getting an unlock code from your carrier’s support team using their online chat system or contact form.
Can you unlock a phone that is not paid off?
- Wait for the carrier to unlock your phone. The carrier will send you a new SIM card and instructions on how to change the phone’s settings.
- Once unlocked, you can use any carrier’s service with your unlocked device.
Why Monthly Payments Are A Good Thing
- You get to control how much you pay for your phone. You can buy it outright, finance it, or lease it, but you must pay the full price of the device every month.
- Your monthly payment is usually cheaper than buying a new device outright. The difference between a carrier’s monthly payment and the cost of a new phone can be huge.
- You have time to save up for a nice phone that’s locked to your carrier, which means you can enjoy using the latest and greatest technology without worrying about buying a new phone every 2 years or so.
What Is Phone Financing?
- Phone financing is a type of installment contract in which you pay a set amount of money each month for a period of time (usually one to three years).
- If you want to buy your phone outright, the monthly payments are usually higher than the monthly payments made with phone financing. In some cases, you can get your phone for less with financing than with an outright purchase.
- Phone financing is like leasing: You still own your phone, but it will be paid off over time.
- With leasing, you don’t have to worry about buying a new device when it’s time to renew the lease agreement and replace the device if it gets damaged or lost.
- With leasing, you can see how much money you’ve spent on the device if it breaks or becomes outdated before paying off the full price of its purchase or lease cost.
- Leasing is more expensive than buying an outright device, but there are benefits that offset those costs: You don’t have to worry about buying a new device every 2 years or so; leasing gives you more flexibility in how much to pay for your phone; and if your carrier does not offer an extended warranty on its phones (which most do), leasing gives you peace of mind knowing that no matter what happens to your phone during its lifetime, you will not be out any money because there is no deductible for a broken screen or other damage caused by normal wear and tear and use of your device over time.
- Leasing is often a good option if you are planning to buy your next phone in a few years and do not want to worry about paying the full price of a new device every 2 years or so.
- If you’re in the market for a new phone and have set aside $500 for it, leasing can give you peace of mind knowing that even if your current device breaks down after several months of use, there is no deductible that you will need to pay out of pocket.
- With leasing, you will be able to choose from several different carriers and their pricing options, which means you’ll be able to find a plan that fits your budget and gives you the features that are important to you.
- Phone financing is an excellent option if: You have some extra money in your budget; You want freedom from having to buy a new phone every 2 years or so; You don’t mind longer payments; You want flexibility in how much monthly payment you make for your device if it breaks or becomes outdated before paying off its full cost; or If your carrier does not offer an extended warranty on its devices (which most do).
The Bottom Line
No matter which type of financing you choose, make sure you understand exactly what you are getting yourself into. If you’re leasing a device, make sure you understand when you need to give it back. And if you’re financing a phone, make sure you know what happens if you aren’t able to make payments. There’s no doubt that getting your phone on a financing plan or leasing it is the easiest way to make sure you don’t spend too much money on your new device. With any plan, it’s important to understand what you’re getting yourself into. Be sure to read the fine print on any contract or financing plan. They’re long and complicated, but they’ll give you the full picture. With any of these options, you can get a great phone at a lower price and make sure your monthly bill stays manageable.