There’s no doubt that it is the age of the smartphone. However, upgrading to one of the best phones comes with a cost, and in most cases, it's a higher cost than many can pay in one go.
Phones have never really been cheap, but nowadays many top models easily exceed $1,000. This is a massive barrier to entry for the majority of shoppers. However, there is an option available for customers: financing, or paying off your phone in regular installments spread out over time.
