Operate Phone Lease For Free

No, you will not own the device at the end of your leasing term. However, you do have the option to buy your phone at the end of the term by paying the balance off. Cell phone leasing plans are payment plans where a carrier charges you each month to "rent" their phone.

If you pay off your Device Plan to schedule, it will simply be closed, and no more payments will be needed. If you still have an active Airtime or Data Plan, this plan will continue. If you have insurance on your device, this will also continue until you cancel your Airtime or Data Plan. Want to cancel your insurance?

Sprint Installment Agreement Once your 24 month Installment Agreement has been paid in full, you are eligible to upgrade to a new device. In stores and on customer service calls, a $35 assisted or upgrade support charge may be required. To learn more, visit sprint.com/easypay.

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.

No, you will not own the device at the end of your leasing term. However, you do have the option to buy your phone at the end of the term by paying the balance off. Cell phone leasing plans are payment plans where a carrier charges you each month to "rent" their phone.

You get an upfront discount on the cost of a new flagship phone but you have to bring the phone back in ?good working condition? at the end of two years else pay a (often hefty) fee to buy the phone off of the carrier at the end of your two year contract.

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.

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.