Sprint is reportedly preparing its own early upgrade program for smartphones, with the goal of saving money over similar plans from T-Mobile, AT&T, and Verizon Wireless.
Sprint's plan is called One Up, and it will let users trade up to a new smartphone every year, CNET reports. Instead of paying a subsidized rate for the phone up-front, subscribers pay the full price of the phone, divided into 24 monthly installments.
For example, a phone that typically costs $650 at full price would cost $27 per month with no money down. After a year, users could trade that phone back to Sprint, having effectively paid $324 over 12 months. Users would then start paying monthly installments on the new phone.
But here's the real hook: If CNET's report is accurate, Sprint customers who enroll in One Up will get a $15 discount on wireless service. Sprint's unlimited voice, text and data plan would then cost $65 per month, instead of $80 per month.
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