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Google will let you finance a Nexus 5X or Nexus 6P through Project Fi

Thought you had to pay full price for a new Nexus 5X or Nexus 6P? You don't have to, as long as you're willing to sign up for Google's Project Fi network.

Published onSeptember 29, 2015

Unlike most other Nexus smartphones in the past, you unfortunately won’t be able to walk into your local carrier store to grab one of the newly-announced Nexus devices. Both the Nexus 5X and Nexus 6P are only being made available for purchase from the Google Store (at least for the time being) starting today, which means if you want one of the new devices you’ll have to shell out the full retail price. Even though Google’s move to sell its new smartphones exclusively online is great for the mobile industry as a whole, that still means us folks who’d like to pay monthly for a new phone won’t be able to do so.

That is, unless you’d like to sign up for Google’s own Project Fi network.

The Nexus 5X and 6P will be able to play nicely with all of the major mobile carriers in the United States, including Project Fi. And just like you would when signing up for Fi with a new Nexus 6, you’ll also be able to finance one of the new Nexus phones over 24 months. So instead of paying the full $379 or $499 for a new Nexus 5X or 6P respectively, you’ll be able to pay Google for the phone over a 24-month period.

When going through the signup process, you can choose to pay for your selected device in full, or over time. If you choose to pay over time, you’ll pay equal installments for two full years depending on how much your device costs. The base 16GB model Nexus 5X will cost you $15.79 per month, and the base 32GB Nexus 6P (currently unavailable) will run you $20.79 per month.

There is a credit check required, but the good news is that you won’t be required to pay a down payment. Simply pay for the tax on your device and you’re all set.

Project Fi financing
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This is certainly a great option for folks who are still interested in purchasing a new Nexus device but don’t want to shell out hundreds of dollars up front. If you’re interested in signing up for yourself, head to the Project Fi website to get started. Oh, and be sure to check out some more Nexus event coverage, which I’ll link below.

With all of that said, does the option to finance a new Nexus through Project Fi make you any more willing to buy one of the new smartphones? We’d love to hear your thoughts in the comment section below!

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