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How to Adjust Phone Lease

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They will pay a low monthly fee to lease the device, and at the end of the leasing period, they will return it to Sprint or pay an additional amount to own it. The amount usually falls between $150 and $200. Customers must return the phone in good working order in order to keep the agreement.
Sprint owns the phone you're leasing, but Flex lease gives you choices. You get a phone today and at the end of your term decide if you want to return it and upgrade to a new one, or own it by buying it in one payment or six monthly payments. ... Upgrading anytime by making all remaining payments in your lease.
When you sign up for Sprint Flex lease, you'll make a fixed monthly payment for your device over an 18-month period, but you're not paying off your phone or tablet in order to own it. Instead, you're merely leasing the device from Sprint, and the carrier will still technically 'own' the gadget you're using.
Customers who sign up for Sprint Lease, now known as Sprint Flex, will get to lease a new smartphone or tablet from Sprint. They will pay a low monthly fee to lease the device, and at the end of the leasing period, they will return it to Sprint or pay an additional amount to own it.
Sprint Installment Agreement You also may be eligible for an early upgrade. If you would like to purchase an upgrade device through monthly installment payments, you will need to enter into a new installment agreement. An upgrade fee of up to $30 may apply. To learn more, visit sprint.com/easypay.
Sprint Flex is a new convenient way for customers to get the smart phone they want, without overpaying for the device or service. ... After you've made 18 monthly payments, you can choose to own the cell phone by paying one lump sum payment or 6 monthly payments.
After 18 months, you can choose to swap your phone and keep leasing something newer, or buy the device either outright or with six more monthly installments. You can also just keep on paying the lease fee every month or return the phone to Sprint after 18 months and be done with it.
Apple's iPhone Upgrade Program has a lease period of 24 months (you can get a new phone after 12 payments), while Sprint's iPhone Forever agreement runs 18 months (you can upgrade after 12 payments) and leasing an Android device from Sprint requires a 24-month agreement.
"Just as you wouldn't rent a car from Avis and sell it to Hertz, you would not sell or trade in a phone leased from Sprint to another carrier." ... The text reads, NOTICE-Sprint is processing your number porting request. Per your lease, return the device to Sprint or pay the full balance before selling or trading.
The early termination fee is prorated, which means that as more time passes, you will pay less to terminate the fee. The way Sprint figures out the fee is that it charges $20 per month for each month that's left on your contract with a maximum fee of $350 and a minimum of $100 per device.
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