Will Sprint’s Flex Lease Save Me Money? Generally, yes. If you plan on changing devices every one or two years, are looking for a way to pay less for your phone and cell plan each month, and you’re okay with not technically owning your device, it’s the cheapest option overall for many phones.
What happens after 18-month lease with Sprint?
At the end of the 18-month Flex lease agreement, customers in good standing can choose to: Upgrade to a new phone. The phone you were leasing must be returned in good working condition and undamaged.
How long is Sprint Flex lease?
for 18 months
With the Sprint Flex Lease you’re leasing your device from Sprint for 18 months. After the lease is up you will NOT own your phone unless you pay a buyout fee after the lease is up. All together you have three options at or after your 18-month lease is up: You can buy the phone.
How can I get out of my Sprint lease without paying?
Dial *2 on your Sprint phone and talk to customer service. Speak to a service representative and tell them you want to cancel your account due to material changes to the contract.
Do I own my phone after lease?
Purchase the device and own it. You’ll pay the Purchase Option price listed on your lease agreement. After that, you own it!
How much does it cost to break a lease with Sprint?
The early termination fee is prorated, which means that as more time passes, you will pay less to terminate the fee. The way Sprint figures out the fee is that it charges $20 per month for each month that’s left on your contract with a maximum fee of $350 and a minimum of $100 per device.
Can I trade in my leased Sprint phone?
Sprint recently posted an advisory reminding its customers that their leased devices are not eligible as trade-ins with other carriers. Per your lease, return the device to Sprint or pay the full balance before selling or trading.”
Can you break a Sprint lease?
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.
What happens when you cancel Sprint lease?
What happens if I cancel my Sprint service during my lease? You are still responsible for the remaining lease payments plus the Purchase Option amount. You can turn in the phone at a Sprint store near you to offset the Purchase Option amount.
Can I return a leased phone to Sprint?
Leased devices cannot be returned by mail and must be returned to their original place of purchase or, if purchased online or by phone, must be returned to a Sprint Retail store.
How much does it cost to cancel Sprint Flex lease?
The way Sprint figures out the fee is that it charges $20 per month for each month that’s left on your contract with a maximum fee of $350 and a minimum of $100 per device. The prorated fees don’t kick in until 18 months into your contract.
What happens if I don’t return a leased phone?
If you return a phone within the 14-day trial period of signing up, you’re charged a restocking fee and possibly other costs. For example, this customer ended up paying for the phone as the store wouldn’t allow them to return it. Even if you can figure out how to return a leased phone, they still bill you for it.
