Brand Phone Lease For Free

Leasing a smartphone offers the benefit of being able to upgrade to the latest models regularly without incurring contract fees.Leasing could save money over buying new phones, but it doesn't convey ownership, similar to leasing a car or an apartment.

Consumer advocates say it's also better for customers in the long run to move away from carrier contracts.Customers who did keep their phones longer were actually penalized for it because they still paid the same monthly fee even though they'd paid off the phone.

Leasing a phone is similar in concept to monthly installments, as you pay a specified amount per monththe main difference between the two is that you won't keep the phone at the end of a lease, whereas the phone is yours when paid for through monthly installments.

You pay less upfront. Even less than the usual upfront fees that carriers offer. Affordability This makes it easier to afford some of the latest devices from the most popular companies. Ownership You do have the option to purchase the phone at the end of the lease, by paying back the discount received upfront.

Unsurprisingly, one of the biggest differentiators between leasing and buying a phone is pricing. And while you'll find that leasing a phone generally costs you less over the long-term, you have to remember that you won't own the phone at the end of the lease unless you pay a buyout cost.

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.

When you reach the end of your leasing term on Flex, you'll have the option of buying your device from Sprint via the Purchase Option Price. This amounts to about 25% of device purchase price or $200 or lessbasically, the difference between what you've already paid, and the full price of your leased phone.