We are talking about the new iPhone leasing program, and what we find laughable is how Samsung looks to be planning something very similar.

According to a source, the move from the South Korean tech company came in as no surprise, and that the new offer may be available in the coming months.

Fans can expect the Samsung Galaxy S7 to be released in the early part of 2016; and more news will probably pop up in the few months before its official unveiling.

The upgrade functions more like a dry lease wherein Apple will lease an unlocked phone which can be eventually used with any carrier without the tussles one needs to endure in the case of a locked up contract.

For long, mobile carriers had been selling smartphones at subsidised rates for two-year contract lock-ins. Without them, consumers will feel the full weight of the price tag.

At its September event this year, Apple announced a new “iPhone Upgrade Program“.

Samsung’s latest smartphones, the Galaxy S6 edge+ and Galaxy Note5, are high-end models which cost quite a lot, especially for those who opt for more extensive internal storage options. Program members get a new iPhone starting at $32/mo.

Sprint and AT&T still offer two-year smartphone contracts. However, some devices and tablets may not be supported, but they didn’t mention which.

If you’re still looking for a health app that would fit your needs and help you reach your fitness goals, you can now experience what Samsung Galaxy users have already been experiencing. However, the new financing program could still apply for the Galaxy S6 Edge Plus and Galaxy Note 5.

While Samsung has not revealed any features of the upcoming Galaxy S7, previous rumors suggest that the smartphone will boast a bigger 5.7-inch quad HD display in comparison to its predecessor but will pack in the same 2,560 x 1,440 pixels resolution.