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T-Mobile is launching a new financing option that will allow you to pay for a device, taxes, and fees over 36 months. In an update on Tuesday, T-Mobile says its new Equipment Installment Plan (EIP) Flex 36 requires no upfront payment and will come with a 0 percent APR for a limited time.<\/p>\n<\/div>\n
Even if you are financing a device, carriers typically require you to pay sales tax, an activation fee, or a down payment at checkout. T-Mobile says its new plan eliminates that by allowing you to pay off all of these costs over time \u2014 though its website notes only \u201cwell-qualified customers\u201d will pay $0 upfront. The EIP Flex 36 financing option is available for phones, watches, and tablets, and can also be combined with T-Mobile\u2019s device promotions.<\/p>\n<\/div>\n
It\u2019s not clear how much someone who isn\u2019t \u201cwell-qualified\u201d will pay, or when the 0 percent APR offer expires. The Verge<\/em> reached out to T-Mobile with a request for more information but didn\u2019t immediately hear back.<\/p>\n<\/div>\n T-Mobile is introducing a 36-month option for its standard 0 percent financing plan as well, which was previously only available for 24 months. The carrier is also adding new Student Perks plans, starting at $30 \/ line per month with autopay enabled.<\/p>\n<\/div>\n