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Sprint's Flex lease program could help you pay less for your device long-term and allow you to upgrade to a new one every 12 to 18 months as well. Flex is a great option for those of us who demand the very latest devices, and don't care about actually owning our phones.
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 when my lease ends? At the end of the 18-month Flex lease agreement, customers in good standing can choose to: Own* the phone by buying it in one payment, or six monthly payments. Upgrade to a new phone; the old phone must be returned in good working condition.
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.
What is Sprint Lease? 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.
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.
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.
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.
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.
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