Extend Us Phone Lease For Free

Keeping a smartphone at the end of a lease term may require paying a buyout fee to purchase it. Leasing could save money over buying new phones, but it doesn't convey ownership, similar to leasing a car or an apartment.

After your lease ends, a charge will appear on your bill for the remaining purchase-option price of your device, plus taxes.

Sprint Flex Lease Explained 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.

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.

We'll pay it off. Get a new phone and we'll pay off your current phone and service contracts ? up to $650 per line or $350 in early termination fees, via virtual prepaid card and trade-in credit.

Sprint Lease If you do not return the leased device or an authorized replacement or the returned device is not in good condition, you must pay all remaining accelerated payments, if applicable, and the purchase option price.

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.