With Flex Lease,
Sprint owns the phone
. You lease it with affordable monthly payments and at the end of your agreement your options are to: Upgrade it. Own it by paying the purchase option price, either in one payment (contacting the online chat agent may be required for this) or in nine monthly installment payments.
What is a flex lease on Sprint?
With Flex Lease,
Sprint owns the phone
. You lease it with affordable monthly payments and at the end of your agreement your options are to: Upgrade it. Own it by paying the purchase option price, either in one payment (contacting the online chat agent may be required for this) or in nine monthly installment payments.
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 Sprint flex lease a good deal?
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.
How long is a flex lease?
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 does flex for lease mean?
A Flex Space is
a form of commercial real estate with a warehouse, office, and retail space
. It is usually a sizable warehouse-style building with a built-to–spec office space and a shorter lease than a traditional office.
Is it a good idea to lease a phone?
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.
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.
What happens if you break a leased phone?
What if I broke the phone I’m leasing?
If you’re enrolled in Total Equipment Protection, you should file a claim
. If you’re not enrolled in a protection plan, you can pay a damaged device fee. The fee will vary based on the type and extent of damage, up to the original value of the device.
Can I end my sprint lease early?
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).
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.
Will Verizon buy out Sprint lease?
Verizon will buy out your contract
and cover early termination fees and device or lease buyouts from your old wireless provider.
What is the sprint forever lease?
What is the iPhone Forever plan exactly? The iPhone Forever plans is a program that allows you
to lease an iPhone for 18 months
but, after 12 months if there is an new iphone on the market you can upgrade instantly with no charge.
What is flex pay for rent?
Flex
splits your rent into smaller payments throughout the month
. With flexible payment plans, you can set rent payments to arrive on your schedule. Instead of paying your rent in one lump sum, you have more control over how you pay the rent. Flex can help you avoid late fees and overdraft charges entirely.
Can I lease a phone at 18?
What You Need to Apply for a Progressive Lease:
Must be 18 years or older
.
Valid Social Security Number
.
Can you trade in a leased phone?
Looks like leasing can come with a headache or two – for the carrier, that is. 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.”
