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What happens after 18 month lease with Sprint?
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.
What happens at end of sprint 18 month lease?
After 18 months, you can choose to own it by paying one lump sum payment or 6 monthly payments. Simply continue making month-to-month payments. Return your phone. You also have the option of returning your phone to Sprint at the end of your Sprint Flex lease term.
What happens at end of Sprint lease?
Ending the Lease In order to end a lease, they must make the rest of the lease payments, plus pay the Purchase Option Price. At that point, they own the device. Those who do not want to keep the phone can return it to Sprint after making the final lease payments and paying the Purchase Option Price.
What is Sprint 18 month Flex Lease?
The Flex lease program is fundamentally an 18-month lease not installment purchase plan on a smartphone. Customers have the option to upgrade to a new phone after 12 months, hand the device back after 18 months, or make six more months of payments and own the device outright.
How can I get out of my Sprint lease?
If you would like to leave Sprint prior to the lease end date you must pay out the remaining months of the lease payments (similar to a 2-year contract, (starting to make sense now?)). Also, you must either 1. Turn in the Device or 2. Pay the buyout exactly as if you ran the agreement fully through.
What happens after my sprint lease is up?
What happens when my Sprint Flex lease is up? Customers who have enrolled in Sprint Flex have 4 options when the end of the lease has been reached. At 18 months, customers can pay the purchase price option with one lump sum payment or 6 monthly payments. After month 18: Pay the Fair Market Value price.
What happens after Sprint lease ends?
Ending the Lease In order to end a lease, they must make the rest of the lease payments, plus pay the Purchase Option Price. At that point, they own the device. Those who do not want to keep the phone can return it to Sprint after making the final lease payments and paying the Purchase Option Price.
What happens if you don't return a leased phone?
Even if you return a phone, you could be charged for both the phone and additional fees. If you return a phone within the 14-day trial period of signing up, you're charged a restocking fee and possibly other costs. Even if you can figure out how to return a leased phone, they still bill you for it.
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