HTC offers unlocked One for $0 down with financing

by: Shawn IngramDecember 5, 2013


HTC is now offering a financing option for the unlocked HTC One for those who don’t want a carrier-locked and -branded device but can’t afford to pay $600 upfront.

The new HTC financing plan lets users get the unlocked 32GB HTC One for $0 down, provided they have qualifying credit. After passing the credit check users can pay off the $600 phone by paying $25 a month over 24 months. As long as they make every payment in time they’ll pay the full $600 for the unlocked phone at the end of two years, the same length of a typical phone contract.

HTC won’t charge interest for the unlocked HTC One as long as the payments are made on time. Miss a payment, however, and users will have to pay quite a bit more than $600. After a single missed payment HTC will charge 29.99 percent interest on the financing plan. The interest seems to be the only catch to the financing plan.

The unlocked HTC One will work with AT&T and T-Mobile in the U.S., and should wok with any other GSM network in the country as well.

HTC’s financing plan is very similar to buying the HTC One from T-Mobile, though the payment structure is different. T-Mobile asks for $50 upfront for the HTC One, but only asks for monthly payment of $20 for 20 months. Both financing plans cost the same amount of money after every payment is made. Of course, T-Mobile’s plan gives you a carrier-branded phone that comes preloaded with T-Mobile apps, while HTC’s unlocked phone only comes with HTC’s preloaded apps.

Bringing the unlocked HTC One to AT&T makes more sense now thanks to the carrier’s new Mobile Share Value plans. The phone will actually cost more each month when you combine the phone bill and financing plan payments. AT&T’s new plans save users $15 a month when they bring an unlocked phone to the network. But with monthly payments of $25 per month, it doesn’t make much financial sense to bring the unlocked HTC One to on of the new plans unless you vehemently oppose carrier-branded phones and want to make sure you always have the latest software updates as soon as possible.

Are you interested in buying an unlocked HTC One with the new financing plan? Or are you more interested in another unlocked phone?

  • joe

    Great idea. I wish more smartphone manufacturers started doing this – could be very handy for people that lose/break a phone and need one off contract. Nice going, HTC.

    • Shark Bait

      Yeah , that and a sim only deal would be nice. Its the upfront cost that puts people off !

  • Arturo Raygoza

    this ain’t bad as long as it also let’s you pay more than the minimum to finish faster. I would have done that since the one was my first choice till I waited and got an N5

  • Luis Augusto Fretes Cuevas

    This is super cool.

  • Balraj

    This idea worked in India
    Now in us also
    Btw zero percent interest is a gimmick :-P

  • RanRu

    Wait… so buy from T-Mobile and you pay $50+($20*20)=$450. Is that right?

  • Joshua Hoffman

    I feel like HTC is really trying hard to compete with Motorola. Those two companies are rushing 4.4 out and now HTC has a finance plan as well. I think there may be a pretty exciting race for the second spot on the horizon.

  • Dragonscourgex

    Okay…I am adding it to my list. I asked for a Nexus 5 for Christmas, I was thinking about saving up for a unlock MotoX. I know that Moto is also offering financing, but I don’t know if that’s for a MotoMaker MotoX or not. And now….this…$25 a month for two years…pft…piece of cake.