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You'll need to pay any remaining lease charges and then decide if you want to return the phone to Sprint or buy it. Paying for the phone(s) or returning them to Sprint will complete your commitment and end any future charges.

If you can be content using the same phone for two years or longer, your better off just buying your phones outright. Overtime, lease payments could add up to far more than you would pay for the phone upfront assuming you don't trade your phone in every year or two.

If your budget is tight, a payment plan can be a great option, but if you don't want to manage another monthly payment, paying for the phone outright will better fit your needs.

Leasing company owns the phone On the other hand, when you purchase a smartphone, it's yours. That means that you can decide what to do with it, including whether to keep it or sell it to someone else. You don't have that option with leasing, unless you decide to buy the phone later.

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.

If you can be content using the same phone for two years or longer, your better off just buying your phones outright. Overtime, lease payments could add up to far more than you would pay for the phone upfront assuming you don't trade your phone in every year or two.

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.