If you're in the market for a budget-friendly (and we mean budget-friendly) smartphone, look no further. MetroPCS has announced that it will launch the Moto E4 on July 31 — and it can be yours for just $49 after an instant rebate.

Announced back in June, the Moto E4 sports a 5-inch display, a 1.3GHz MediaTek MT6737 quad-core processor, 2GB of RAM, an 8MP rear-facing camera, a 5MP selfie shooter and a 2,800mAh removable battery.

For $49, you can't go wrong

As we're sure you'd agree, that's an awful lot of bang for your buck, even more so when you consider that the handset ships running the latest build of Android 7.1.1 Nougat and comes with a water-repellent coating.