Turn On Phone Lease For Free

End of Lease turn-in If you decide not to keep the phone, you must turn it in at a T-Mobile store. You can then decide to start a new lease on a new phone, or talk with our team about other upgrade options, such as an Equipment Installment Plan (EIP).

On Demand?the leasing cost is determined by the cost of the phone. You can upgrade your phone at any time, up to every 30 days. After 18 months, you can choose to pay off your phone over an additional 9 months to own the device, purchase it outright, or turn it in.

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.

Failure to pay your phone contract will put you into debt. This will negatively affect your credit score, which can prevent you from taking out a credit card, loan or mortgage for the next 6 years. Failure to pay may also see your debt passed onto a debt collection agency.

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.

At the end of the lease term, you have the option to: Return the phone and lease a different one. Sign a new lease for the same smartphone. Purchase the smartphone that you've been leasing.

If your cell carrier changes the terms of the contract you signed, you can cancel your contract without paying any early termination fees. Many states require cell phone companies to give customers advance notice of contract changes which could increase the cost or extend the length of the contract.