You Don’t Need an iPhone 8. But if You Do, Sprint’s $8/Month Deal Is Sweet

A man on the phone around Krog Street Tunnel in Atlanta
Carmen Mandato/The Penny Hoarder

When you select a cell phone carrier, you probably look at price above all else.

I mean, who needs LTE when all you use your phone for are emoji conversations with your BFFs? (And even that is on Wi-Fi.)

But in reality, most of us are probably just looking for the cheapest plan because we want to spend all our money on the most expensive iPhone.

If that sounds familiar, Sprint’s got a deal for you.

New and existing Sprint customers who add a new line through Aug. 9 can get a 64GB iPhone 8 for $8 per month plus tax with a Sprint Flex lease and $21.17 credit applied within two bills. The offer is available online or by phone, but not in stores.

The Sprint Flex lease is essentially financing your phone over 18 months. At the end, you can return it or buy it out in a lump sum, or through six additional payments. An 18-month lease and approved credit are required.

This doesn’t include your wireless service. Per the Sprint Flex lease, if you want to keep the phone, the remaining balance will be due in 18 to 24 months.

Or if you want to return it in 18 months and get the next new device Apple convinces us we need, you’ll have only paid around $144 plus tax for use of the phone, currently priced at $699.99.

By comparison, if you bought a 32GB iPhone 7 for $649 when it came out in September 2016 and tried to sell it now, you’d only get about $185 for it. Which means it cost you $464 to use your iPhone 7.

Remember, the deal is only available for 10 days — July 31 to Aug. 9 — and can only be redeemed online or by calling 1-800-SPRINT-1.

If you’re the type of person who gets a new phone every 12 to 18 months, this is actually a pretty good deal. But if you really want to save money, you can just buy an inexpensive phone and keep it until it dies.

Jen Smith is a staff writer at The Penny Hoarder. She’s had her Sprint iPhone for 17 months and gets mostly shoddy service. She gives money-saving and debt-payoff tips on Instagram at @savingwithspunk.