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Sprint Offers iPhone 6S For $1 Monthly Leasing, Upgrade Plan

| Sep 25, 2015 05:37 AM EDT

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iPhone upgrades and purchases can include a wide array of options including 16 gigabytes (GB), and Apple Care product support, particularly when Apple launches new versions of its smartphones. Sprint is introducing a super-cheap $1 monthly leasing plan for a new iPhone 6S handset, which has a retail price point of $649.

The phone is a 16 GB iPhone 6S. Meanwhile, the 64GB is $5.77 and the 128GB 6S is $10.53 per month. If buyers want the big touchscreen iPhone 6S Plus, the costs are 16GB ($5), 64GB ($9.77), and $128GB ($14.53) monthly.

Another fine print issue is that an iPhone 6 trade-in is required to qualify for the deals. Consumers will also have to subscribe to Sprint, and after one year they can swap the 6S for a new model.

Sprint is offering the best iPhone deal among nationwide carriers. T-Mobile has a more expensive Jump! On Demand upgrade plan that costs $5 monthly, while Verizon and AT&T have iPhone installment plans costing about $27 and $32, respectively, according to Wired.

There is a huge price gap. Due to Sprint and T-Mobile trailing AT&T and Verizon in total subscriptions, the cheap iPhone could win over wireless consumers.   

Sprint's and T-Mobile's plans also require people to trade in their iPhone 6 or 6 Plus units. It is a leasing plan.

Meanwhile, Verizon's & AT&T's installment plans allow customers to own the gadget after paying their last installment. They can then keep or resell the handset.

In other news, the launch of Apple's iPhone 6S and 6S Plus was on September 25, Friday. In Sydney, Australia. One clever consumer waited in line at an Apple Store via an iPad attached to a Segway-like machine, according to Mashable.

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