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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.
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.
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.
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.
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.
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.
Leasing a phone is similar to leasing a car. You lease a great phone for a low monthly payment. At the end of your lease term, you simply turn in the leased phone to Sprint and upgrade to the latest & greatest phone. That means no more drawers full of old phones that you don't know what to do with!
Once consumers make 12 consecutive payments, they can return the phone to Sprint and lease or purchase a new one. Consumers will stop paying the early upgrade fee as soon as they return the device. Then, they can add it to their next device if they wish, so they can upgrade in a year once again.
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.
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.
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