As a new Bestbuy customer, you might be pleased to learn that there are several ways to help you reduce the cost of getting your new phone, even if it does not fully finance the purchase of a new phone for you. Let us know about “Does BestBuy Finance Phones?”
Read on to learn more about a few ways Best Buy can make it simple for you to pay for your new phone.
Does Bestbuy Finance Phones?
It may interest you to know that Best buy does not finance phones, but it does offer several ways to pay for your new phone.
They do this by enabling you to pay for your phone monthly as they add the monthly cost of your phone to your cell phone bill.
This means you will be able to use a credit card, debit card, and Apple pays as well as traditional cash.
You can also bring in your old devices and trade them in for gift cards which you can then use thereafter to put toward a new device.
Phones You Can Get Financed On Bestbuy
Many unlocked devices, including the iPhone X, iPhone 8 Plus, and Samsung Galaxy Note 8, are now available at Bestbuy Canada online and in-store for no money down.
How To Pay For Your Choice Phones At Bestbuy?
First, you must sign a two-year contract with one of Bestbuy’s three major carriers, Telus, Bell, or Rogers.
Secondly, you must pay an additional monthly fee that covers the customary down payment fee to access their services.
For instance, the iPhone, which requires no down payment on a premium plan, requires 24 months of payments of CAD 25 each.
Bell charges $95 per month for a top-tier 1GB plan with 300 local minutes.
This means It will cost you $120 per month under Bestbuy’s financing arrangement.
You have the choice to use a less expensive two-year plan, one tier below if you’re a customer who doesn’t want a premium plan.
This raises the price for you to $33.33 a month for the iPhone X.
The $25 monthly rate equals the upfront cost at all the major carriers, which is $600 over 24 months.
You only need to apply for a Desjardin Bestbuy finance card, which can be authorized for you in-store, to take advantage of the zero-down option.
What Is Bestbuy?
Situated in Richfield, Minnesota, Bestbuy is a big global American retailer of consumer electronics.
First, the company was founded in the 1960s as an audio specialty business with the name Sound of Music by Richard M. Schulze and James Wheeler.
Its name was later changed to Bestbuy in the 1980s with a focus on consumer electronics.
The home base of Bestbuy is Canada, but it previously operated in China until February 2011, when the company amalgamated with Five Star.
It also operated in Mexico until December 2020, as a result of the effects of the COVID-19 pandemic.
Before 2012, the company also conducted business throughout Europe.
In North America, Best Buy also operates the Bestbuy Mobile and Insignia brands besides its Five Star in China.
In the US, Bestbuy offers mobile devices from AT&T Mobility, Verizon Wireless, T-Mobile, and Boost Mobile.
In Canada, providers like Bell Mobility, Rogers Wireless, Telus Mobility, its rival brands, and rival smaller carriers like SaskTel are all available.
Bestbuy received the “Company of the Year” award by Forbes magazine in the year 2004.
Furthermore, it was voted “Specialty Retailer of the Decade” by Discount Store News in 2001, and Forbes put it among the Top 10 “America’s Most Generous Corporations” in 2005.
Bestbuy was named “The Most Admired Company in the United States” by Barron’s in 2019 and one of Fortune magazine’s “Most Admired Companies” in 2006.
Hubert Joly is presently Best Buy’s executive chairman after Corie Barry was named the company’s CEO in June 2019.
Conclusion
Your worries concerning the various approaches to help you lower the expense of getting your new phone have undoubtedly been allayed. Even though it might not be fully financed, you have nothing to lose and everything to gain by using Bestbuy to help you cut the cost of buying a new phone now that you are aware of how it works and how they have you covered.
Frequently Asked Questions
- Does Bestbuy finance phones?
No. Instead, it provides several ways to lower the price of purchasing a new phone.
- What phones can I get on best buy?
Samsung Galaxy Note 8, iPhone 8 Plus, and iPhone X.
- Where is the home of Bestbuy?
Canada is the home of Bestbuy.
- How can I make my payment for a Bestbuy phone?
Sign a two-year contract with one of Bestbuy’s three major carriers, Telus, Bell, or Rogers.
Secondly, pay an additional monthly fee that covers the customary down payment fee to access their services.
