Sprint's Flex lease program could help you pay less for your device long-term and allow you to upgrade to a new one every 12 to 18 months as well. Flex is a great option for those of us who demand the very latest devices, and don't care about actually owning our phones.
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What is a flex lease through Sprint?
With Flex Lease, Sprint owns the phone. You lease it with affordable monthly payments and at the end of your agreement your options are to: Upgrade it. Own it by paying the purchase option price, either in one payment (contacting the online chat agent may be required for this) or in nine monthly installment payments.
What is Sprint 18 month Flex lease?
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. You can continue leasing the phone.
How long is the contract term for a Sprint Flex lease?
Customers can get an Android device for as little as $10 a month for 18 months when factoring in promotions and discounts.
Does T Mobile pay off Sprint lease?
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.
How do I get out of a Sprint Flex lease?
Canceling your Sprint Flex lease If you decide to cancel your lease before the 18 month lease term is up, Sprint will require you to pay the remaining lease payments—as well as the Purchase Option Price. After this, you are free to leave and take your device with you.
Is it a good idea to lease a phone?
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.
How much does it cost to cancel a Sprint lease?
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.
Do I own my phone after lease?
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.
How long do you have to return a leased phone to Sprint?
Sprint Lease If the leased device or authorized replacement is returned to Sprint in good condition within 30 days of the new upgrade device shipping, Sprint will credit your account in the amount of the final purchase option price that Sprint charged to your account at the time the lease was cancelled.
Can you negotiate with Sprint?
Pre-Negotiation Preparation You can either call Sprint's support line or chat with them online. The best number to call is (888) 211-4727. You can also chat with Sprint at this link. Calling is better for getting bigger discounts but if you want a more easy going negotiation chat may be more your thing.
Can you sell a leased Sprint phone?
Trade-in or Selling Your Leased Phone With this option, you don't own the phone at the end of the service term, but you do have the option to buy the phone, or you can opt for an upgrade. Unfortunately, it is not possible to sell a leased Sprint phone.
What happens when you pay off phone lease?
When you pay off your device: You continue paying your monthly costs for your talk, text and data plan, but you no longer have a device payment charge on your monthly bill. Any monthly promotional credits you're getting will stop. The paid-off device is eligible to be upgraded to a new device.
Is Flex lease legit?
This is a scam site Their phone number is fully automated, you cannot speak with anyone. I applied for a car that was $265/mo but when they emailed me in a couple of days with an approval, the price they said was exact 2x of the advertised price. After writing to their email support, no response.
Does Sprint still have 2 year contracts?
Sprint confirmed to The Verge this morning that it is no longer offering two-year contracts on phones, meaning that all four major US carriers — Verizon, AT&T, T-Mobile, and Sprint — now only sell phones at full price and on installment plans.
What happens if you don't return a leased phone Sprint?
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.
What happens after my phone lease is up?
After your lease ends, a charge will appear on your bill for the remaining purchase-option price of your device, plus taxes.
How to view Sprint leasing options?
In the My Sprint dashboard, locate the device you’re leasing. Click on the device’s tile to view your options.
What is Flex Lease referenced under?
If you are a Flex Lease customer, you will see Flex Lease referenced under Device Agreement.
How to view my contract terms on Sprint?
Click on the device’s tile to view your options. Under Device Agreement you can click on View current agreement to see your agreement terms. My Sprint Mobile app: Select the phone you want to own. Click on the three dots in the upper right corner of that device’s tile to view the Purchase options.
How long does it take to get Sprint Complete?
You may enroll in Sprint Complete within 30 days of activating your new phone. It’s easy to do: log in to your account and add the service, work with an online chat agent or ask a sales associate at a store.
Who owns the phone with flex lease?
With Flex Lease, Sprint owns the phone. You lease it with affordable monthly payments and at the end of your agreement your options are to:
Can I buy a device in DE without a rent charge?
Customers with billing address in DE, IA, ID, ME, ND, NJ, NY & WI – without a rent charge - are able to buy their devices during and at the immediate end of the lease period, but are NOT permitted to buy their device once in the month-to-month term/extended lease period.
Can you upgrade a phone you were leasing?
Upgrade to a new phone. The phone you were leasing must be returned in good working condition and undamaged.
How long does Sprint Flex lease last?
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. You can continue leasing the phone.
How long can you lease a Sprint phone?
After 18 monthly payments, your Sprint Flex Lease is technically over, though you can decide to lease it as long as you want. However, if you want to buy the phone, you will pay the Fair Market Value price (different than the Purchase Option Price above). Keep in mind that the 18 previous payments will not go toward the Fair Market Value and that may even be more expensive than the Purchase Price Option. To avoid spending more money, if you want to buy the phone, it’s essential to tell Sprint you want to buy the phone at the 18-month mark using the Purchase Price Option.
How to buy a Sprint phone?
Then you will pay the Purchase Option Price which is set at the time your lease began with the previous 18 payments going towards the final purchase price option. You will then pay off your phone in 9-monthly payments, or all at one time. If you don’t want to buy the phone, you can continue paying the monthly lease fee or upgrade.
What is smart pay?
Similar to Affirm, SmartPay is another third-party financing who partners with MVNOs (smaller carriers) to help their customers buy phones through a payment plan. They also charge interest, but they don’t disclose how much on their website.
What happens if you don't want to buy a phone?
If you don’t want to buy the phone, you can continue paying the monthly lease fee or upgrade. Keep in mind that if you continue leasing instead of buying or upgrading, you will end up paying more than the phone is worth.
What is an installment plan?
Installment plans or payment plans allow you to pay for your phone over time in smaller monthly bills rather than one big lump sum at the point of sale. Some installment plans don’t charge any interest, and some do—before you settle on a specific carrier and plan, make sure you know what you’re getting into.
How many months to buy a Sprint phone?
To avoid spending more money, if you want to buy the phone, it’s essential to tell Sprint you want to buy the phone at the 18-month mark using the Purchase Price Option.
Is Sprint eligible for Tmobile?
Sprint users are no longer eligible for "switch to TMobile" offers that are made to Verizon and AT&T users. But there are offers within the new TMobile family to upgrade to TMobile plans and there will be a lot more. Hopefully they will have some good upgrade offers after Aug 2. That remains to be seen though.
Is Sprint part of T-Mobile?
As of April 1st 2020, Sprint is now part of T-Mobile. Welcome to the Sprint subreddit where we discuss news, user feedback, phone updates, tips and tricks, technical advice, and Customer Care experiences.
Does Sprint have bands?
All Sprint phones of recent years, including LG tribute empire, include the major TMobile bands (although not the newest bands).
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