How to get a FREE iPhone 8

Do you want an iPhone 8 but you don't want to shell out that much cash? If you're willing to wait, you'll have many options down the road instead of ordering the iPhone 8 right now.

However, if you are a Sprint subscriber, you are in luck.

Sprint's "free" iPhone 8 deal
The company just launched a new promo that can score you a new 64GB iPhone 8 for free with a trade-in and an 18-month lease.

But before you rush out and trade in your old Motorola Razr for a shiny new iPhone 8, please keep in mind that the deal only works if you hand over an iPhone 7, iPhone 7 Plus, Galaxy S8, Galaxy S8+ or a Galaxy Note 8.

If you don't have these phones, you can still trade older gadgets like the iPhone 6, iPhone 6S, Samsung S7 and S7 Edge, Note 5 and the Google Pixel phones for a 50 percent discount instead. Basically, with 50 percent off, the iPhone 8 lease price is $14.58.

After the free 18-month lease of the iPhone 8 ends, you have the option of handing the phone back to Sprint or pay the remaining lease price ($29.17 for the cheapest iPhone 8) for six months to own the phone outright.

This means that for trading in your old phone, you can own an iPhone 8 by just shelling out $180 down the road. Granted, in two years, the tech world will have most likely moved on and the iPhone 8 will already be a thing of the past, but hey, if you want Apple's newest gadget now, this is a pretty good deal.

Also, if you want the bigger screen with the 64GB iPhone 8 Plus, you'll just have to pay the monthly lease difference of $4.17.

A few more caveats
And as usual, even if you are willing to part with your old phone, there are still a few caveats to consider:

The free iPhone 8 offer only applies to a new line activation with Sprint and you'll have to sign up for Sprint's $55 a month "Flex" Unlimited plan. You don't have to be a new Sprint customer though to take advantage. Existing customers can simply add a new Flex plan to their current plans to get the iPhone 8 deal.

So, Sprint's free iPhone 8 deal, as good as it sounds, is not applicable for everyone. Frankly, it appears to appeal more to "frequent upgraders" who are willing to trade in their perfectly usable phones for the latest and greatest each year.

To check out this deal, please head on to Sprint's official iPhone 8 page.