Ever since September of 2015, Samsung has been rumored to be thinking about ’emulating’ Apple once more, this time regarding a leasing program for its devices. This hasn’t actually become reality yet, but according to a new report out of South Korea that’s going to change very soon.
Samsung hasn’t stopped working on its leasing program, and will in fact be launching it on March 11, on the day when the Galaxy S7 (pictured below) and S7 edge go on sale. For starters, those will be the only two devices that you’ll be able to grab through the leasing scheme. The biggest caveat, however, is the fact that for the time being Samsung will only offer the leasing option in South Korea. And only through its own physical stores.
The program will require eager customers to sign a two-year monthly installment plan. However, you are able to upgrade your device after just 12 months if you so wish, without having to complete the remaining payments. Since the scheme will be offered directly by Samsung, people who go this route will be able to choose any one of the three Korean carriers for a service agreement.
Right now it’s unclear when (or if) Samsung plans to take this leasing program global, but perhaps the Korean release is just a test run, and if everything goes well we might see the same thing offered elsewhere.