Chart Us Phone Lease For Free

Purchase the device and own it. You'll pay the Purchase Option price listed on your lease agreement. After that, you own it!

Just because you're eligible for a phone upgrade doesn't mean you actually need to do it. Skipping your phone upgrade can save you serious money, allowing you take advantage of competitive cell phone plan deals once it's fully paid off.

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.

One big difference between financing your phone and buying it outright is that, unless you pay in full upfront, your phone will likely be locked. This just means that the device can only be used on a certain network, thus preventing you from taking a phone you still owe money on and taking it to another carrier.

Pick a payment plan Purchasing a phone, rather than leasing, gives you the ability to eventually sell or trade it and put the value toward a new phone. But if you can't afford the full cost, or don't want to cough up the entire amount upfront, consider paying for your iPhone in monthly installments.

According to the Pew Research Center, nearly all Americans (97%) have a cell phone of some kind. But that doesn't mean it's gotten more affordable to own one. In fact, JD Power told CNBC that the average cell phone bill is now $144.

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.