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Leasing a phone can be cheaper than paying off a phone in full (whether outright or via monthly installments) and you'll be able to get a new phone every 12-18 months. ... It may seem like leasing your cell phone isn't a good idea, but for some, leasing could actually save you money in the long run.
If you decide to cancel your lease before the 18-month lease term is up, Sprint will require you to pay the remaining lease payments as well as the Purchase Option Price. After this, you are free to leave and take your device with you.
Sprint Flex is a new convenient way for customers to get the smartphone 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.
With Flex lease, Sprint owns the phone. You lease it and at the end of your agreement, you can choose to buy it, upgrade, continue leasing or return it. Sprint owns the phone you're leasing, but Flex lease gives you choices. ... Adding the early upgrade option to get an annual upgrade to any other phone for $5 a month.
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.
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.
Lease to Own Your Phone Sprint gives you three options: Buy the phone before the end of your lease: You'll need to pay all remaining lease payments and the purchase price of your phone. Buy the phone at the end of your lease (18 months): Pay the purchase price of your phone either in one payment or over 6 months.
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.
You can buy your phone by buying it in one payment or six monthly payments, depending on your lease agreement. It's easy to get your lease details online or in the Sprint mobile app: Log in to your account at sprint.com/mysprint: In the Sprint dashboard, locate the device you're leasing.
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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