Incorporate Phone Lease For Free

Leasing a phone is similar in concept to monthly installments, as you pay a specified amount per month?the 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.

Fees associated with canceling your T-Mobile account T-Mobile is one of the few places where you can cancel your account without an additional fee. You just have to cancel your account before the end of the current billing cycle because your bill will not be prorated to the date when you cancel.

Call T-Mobile Customer Service at 1-877-746-0909 (or call 611 from a T-Mobile phone). TTY service is also available for hearing and sight impairment by calling 1-800-676-3777.

Phone leasing agreements Once the leasing term is up, you can either swap the old phone for a newer one (at likely a more expensive leasing cost), pay off the remaining cost of the phone immediately to own it outright, or switch to an installment plan to pay off the remaining cost that way.

Here's how it works when your lease is up. Upgrade to a new device. Bring your leased device to a T-Mobile store and swap it out, up to once a month. ... Pay it off in 9 payments. You can elect to pay it off over 9 months following the end of your lease. ... Purchase your device. ... Turn in your device.

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.

To cancel T-Mobile, you can call 1-877-453-1304 or head into your local store. You'll want to use the support number only if your purchased your phone through an installation plan or EIP. Those that used Jump On-Demand need to visit a retail store to cancel T-Mobile.