With the release of the new iPhone 5C Model, the major mobile telecom carrier companies in the US (Verizon, AT&T, and T-Mobile) are also using new types of installment plans that go with the iPhone 5C.
These new installment plans require payments of around $20 per month for 20-24 months. This is different from how some older installment plans for other phone models require a large down-payment to occur at the start of the installment plan.
These new installment plans appear to be another method of the telecom carrier companies to invite people to purchase a iPhone 5C & installment plan with their company.
These new installment plans may encourage people with tighter budgets to switch/upgrdade to an iPhone 5C with installment plan as these specific plans spread out the costs over a longer period of time with a smaller payment conducted each month compared to larger payments in older installment plans.
Please see article link below:
Wireless Carriers Unveil IPhone Installment-Payment Plans – Bloomberg.