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Report: Samsung to introduce a Galaxy S7 leasing program on March 11

Sources from South Korea report that Samsung will launch a leasing program for its Galaxy S7 and S7 Edge handsets on March 11th.

Published onMarch 2, 2016


The new Samsung Galaxy S7 and S7 Edge look set to be two of the hottest releases this year, but they are rather expensive pieces of tech when you consider that there might well be another phone that you fancy next year. To make the purchasing decision a little easier, sources from South Korea are reporting that Samsung will launch a leasing program for these two handsets in its stores on the March 11th release date.

As part of the program, customers will be able to sign up to a 24-month payment plan but will be exempt from making the remaining payment if they choose to upgrade their phone again in twelve months’ time. Samsung Card, the company’s credit card affiliate, will be handling the monthly payments, so customers will be free to pair their new handset up with any of the three major Korean carriers – SK Telecom, KT or LG Uplus.

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Samsung won’t be the first smartphone company to run a leasing program. Apple launched a similar offer of its own back in September, which allows customers to pick up a new phone each year through a 24-month instalment loan.

Unfortunately for the rest of us, Samsung only appears to be launching the lease program in South Korea for now. Hopefully the smartphone giant will decide to open up its lease offer on a global scale shortly after this test run.

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