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Motorola Starts Financing their Phones for $0 Down and 0% Interest for 18 Months

November 19, 2013 - Written By Alexander Maxham

If you’ve been looking to grab a new Moto X or even the new Moto G (soon) and don’t have that kind of money right now. Well Motorola’s got your back. Motorola is offering $0 down and 0% interest for 18 months. So if you pay it off within the 18 month time-frame, you get charged no interest. Which sounds like a good deal to me. Of course, as expected, it’s depends on your credit.

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Of course this is only for purchases of $549 or more. Which is a little more than the full price of the Moto X. So for that price, you could get the Developer Edition of the DROID Maxx, which will last you a few days. But the DROID Maxx will only work on Verizon, unfortunately. From what it sounds like, it’ll work if you’re looking to buy a few phones. So if you’re looking to buy a few Moto G’s, you can get it financed as well.

We mentioned earlier in the post, that you’d have to pay off the device within the 18 months to get it at 0% interest. Well if you fail to pay it off in that allotted time, you’ll start accruing interest. The interest rate jumps to 28.99% APR. Which is pretty high. But after 18 months, chances are you’re not using that phone anymore. It’s similar to what T-Mobile is doing, except with Motorola you can pay it all off in 6 months, 12 months or even 15 months. With T-Mobile’s it’s either full price or monthly payments. Which isn’t horrible, but I do like Motorola’s way better.

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You can check out the links below for more information from Motorola about their financing plans. How many of you are interested in the new Motorola financing plans? I’m definitely interested, especially since the Moto X isn’t available at T-Mobile. Although I’d rather it be available at T-Mobile so I can use JUMP to upgrade in 6 months or less. Let us know your thoughts in the comments below.

More information: Motorola Financing, Frequently Asked Questions