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.
What does it mean to lease a phone from Sprint?
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.
How much does it cost to get out of Sprint 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 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.
Do you own your 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!
What happens if you don’t return a leased phone Sprint?
It seems Sprint is advising its consumers that leased phones have to be returned . … Even if you return a phone,
you could be charged for both the phone and additional fees
. If you return a phone within the 14-day trial period of signing up, you’re charged a restocking fee and possibly other costs.
Can you sell a leased Sprint phone?
Unfortunately,
it is not possible to sell a leased Sprint phone
. With a financing contract, you buy the phone, and if you sell it, you can use the money to pay it off immediately. With a lease, however, the phone is not yours to sell. If you choose to buy the phone after the lease term, you are free to sell it.
Can I break my Sprint lease?
You can cancel your lease if you decide to part ways with your Sprint Flex plan before the term is up
. However, this will come at a cost: You’ll have to pay the remaining balance left on your lease. You’ll also need to return the phone to Sprint (be sure to contact them and get a return kit).
Will Verizon buy out my Sprint lease?
Verizon will buy out your contract
and cover early termination fees and device or lease buyouts from your old wireless provider.
What happens if you return a cracked phone to Sprint?
Sprint Complete customers: If you have only a cracked front screen damage and have coverage available,
an accidental damage from handling (ADH) claim may be filed with a Service Fee upon your device return
.
Is leasing an iPhone worth it?
Leasing a cell phone can be a good idea if you like to upgrade to a new phone every year (or thereabouts) and don’t necessarily need to own your 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.
How do I know if my Sprint phone is paid off?
- Visit Sprint website link.
- Fill in your IMEI number.
- An error message will appear if there are any problems with your phone or billing.
Can you go to jail for not paying a phone bill?
While
you cannot go to jail
for failing to pay your phone bill, there are several penalties that you’d do best to avoid: Disconnected Service – Your service may be cut off, and the only call you might be able to make is for a 911 emergency. … Low Credit Score – Ignoring paying phone bills can ruin your credit score.
What happens if I stop paying my phone lease?
Typically, service providers will charge you a
late fee of $5.00
or up to 1.5% of the outstanding balance. … After two consecutive months of missed payments, your late fees will double, and your service provider can report your missed payments to the credit bureaus.
How can I get out of Sprint contract without paying?
What happens if Sprint changes the agreement? If Sprint changes this Agreement, and you think it has a materially adverse impact on you, you can
call within 30 days of the change
and ask us to cancel without paying your ETF.
What is considered good working condition Sprint?
The Giveback Device must be in good working condition and undamaged and include all accessories with the device (for example, battery, extra battery, device cover, or earplugs). Good working condition and undamaged is defined as
the device powers on and there are no broken, missing or cracked pieces
.
