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Is Sprint phone lease a good deal?
If you like to upgrade your cell phone every year, then leasing might be a good option. Sprint's Flex Lease lets you upgrade eligible phones (including iPhones and Samsung phones) after just 12 months, giving you the opportunity to have the latest and greatest model.
Is Sprint lease a good deal?
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.
Is Sprint iPhone lease a good deal?
For example, Sprint is currently offering iPhone X on Sprint Flex for “half off” — or $20/month for 18 months. This is a good deal if you want to lease and upgrade on a continual basis. ... Lease on Flex, upgrade at 12 months to a new lease agreement, total paid out in 12 months: $240.
How does the Sprint lease plan work?
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.
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.
Is it better to buy or lease a phone?
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.
How does leasing a phone work?
Simply sign a lease deal, and in exchange for a low monthly payment, you get a phone you can use, plus the option to upgrade at any time. Just keep paying the flat monthly fee, and you can turn in your old phone for a new one every 12 months. One carrier even lets you swap phones up to three times per year.
Do you need credit to lease a phone?
But can you lease a smartphone with no credit or bad credit? ... Generally speaking, leasing payments will be lower than financing, because they don't require payment of principle. However, if you take an early upgrade option, which allows you to get out of the lease early, the monthly payment can be higher.
How does the Sprint lease work?
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.
Does T-Mobile lease phones?
T-Mobile today announced a new smartphone leasing program called Jump On Demand. ... Jump On Demand does allow for the option to pay a final fee to purchase the smartphone after 18 months of payments have been made, or customers can trade it in for a new one and continue their monthly payments.
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