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Once their lease agreement is over, they can make the Purchase Option Price payment at a Sprint Store. At that point, they will own the device.
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.
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.
Lease payments, like installment plan payments, are more affordable to some consumers than the full upfront price of high-end cell phones. Leasing also avoids the additional upfront burden of paying sales tax, which Sprint said it collects through the lease payments.
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.
You can only cancel your contract over the phone or in person. To do so, either dial *2 on your Sprint phone or call 1-888-211-4727.
No, you will not own the device at the end of your leasing term. However, you do have the option to buy your phone at the end of the term by paying the balance off. Cell phone leasing plans are payment plans where a carrier charges you each month to “rent” their phone.
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.
Transfer to a Cell Carrier That Will Pay Your ETF. ... The Cell Provider Changes the Terms of the Contract. ... Transfer Your Contract to Someone Else. ... Often Complain, but do it the Right Way.
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.
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