iPhone buyers are opting for installment plans more than Android buyers, finds survey
Recently, it’s become normal that carriers offer no-interest installment plans for phones, and we no longer have to buy the full price or pay a set amount upfront. The flexibility of no-interest installment plans gives buyers options – they can either pay all upfront or spread the cost to monthly payments. The new survey comes from Consumer Intelligence Research Partners (CIRP), and it aims to find out the differences between iPhone and Android buyers in purchasing methods.
Interestingly enough, 55% of iPhone buyers opt for monthly installment plans, compared to 44% of Android buyers. 38% of iPhone buyers pay upfront for their phones, and 49% of Android buyers. 7% of the people use other buying methods.
The data from the CIRP survey shows how people choose to buy iPhones and Android phones
All in all, there is a high percentage of people that buy using installment plans in both categories: iPhones and Android phones. Carriers know that and offer increasingly good options for installment plans including big trade-in discounts. Apple also has the option for monthly installments for Apple Card users.
