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What happens if you sell a leased phone?

Selling a Leased Phone You may be wondering if you can sell a leased phone the same way that you can sell a phone on an equipment installment plan. Unfortunately, the answer is no. A leased phone must be paid off and bought out before you can sell it. Otherwise, you must return it to your carrier.

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.

Do you have to return a leased phone?

You must return your device in good working condition and undamaged. You will be charged a fee if you don't erase the content and settings on your iPhone before returning it. You have 30 days to return your phone, or you will be charged additional fees.

What does Sprint do with returned phones?

Sprint's original recycling program launched in 2001, but it wasn't until 2009 that it tried something new by piloting ERC's system, which allows store employees to look up any phone to see its current market value. Sprint keeps its own phones that can be resold and sends all other phones to ERC for reuse or recycling.

What happens if you don't pay off your iPhone?

If you do not pay when they bug you, they go to court and get a judgement against you — no problem, they have a contract. They take the judgement and go to your employer and have your wages garnished — meaning taken — to pay down the bill. So your paycheck gets smaller. As I said, you will pay.

Can you sell a phone that is not paid off Sprint?

If you don't pay a Sprint financed phone off before you sell it, the buyer won't be able to activate the phone except on Sprint postpaid until it is paid off. The price you will be able to get by selling the phone will be lowed if you don't pay it off and get it carrier unlocked before you sell it.

Can you sell a phone that is not paid off?

You can sell your phone even if you still owe money on it. That's because your carrier has extended you a line of unsecured credit, which means they can't repossess your phone. If you don't pay your phone off, and you fail to make payments, your phone will likely be blacklisted and the buyer will not be able to use it.

Can you sell a phone that is not paid off T-Mobile?

As long as you don't stop making payments, the buyer will be able to use the phone. If you sell it and either don't pay it off or don't pay the ETF, the next owner will have to pay it off, or they won't be able to use the phone on T-Mobile (it will be blacklisted).

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