Quick Answer: What Happens When Your Sprint Lease Is Up?

Can I return my Sprint lease phone?

Sprint owns the phone you’re leasing That means you are responsible for paying the remaining lease payments in addition to the Purchase Option price that’s listed on your lease.

If you return your device in good, working condition, the device Purchase Option price will be credited to your account..

How much does it cost to cancel 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.

Is it better to buy or lease a phone from Sprint?

Leasing your phone costs less per month than buying on an installment plan, but it could cost you more in the long run. … One carrier even lets you swap phones up to three times per year. Both Sprint and T-Mobile offer leasing options alongside their pay-to-own equipment installment plans (EIP).

Will Verizon buy out my Sprint lease?

“Verizon will buy out your contract and cover early termination fees and device or lease buyouts from your old wireless provider,” the company said in a blog post. That $650 figure is per line, so Verizon notes that a family of four can receive up to $2,600.

What happens after 18 month lease with Sprint?

After 18 months, you can choose to swap your phone and keep leasing something newer, or buy the device either outright or with six more monthly installments. You can also just keep on paying the lease fee every month or return the phone to Sprint after 18 months and be done with it.

Is Sprint lease a good deal?

It’s a better deal than usual, but just make sure you know the fine print and general lease structure of Sprint Flex — especially if you’re new to the carrier. And again, the offer is only good for new customers and those adding a line of service. It’s available both from Sprint and retailer partners like Best Buy.

What happens if I don’t return my leased phone?

you’ll either give the phone back. If there are no cracks scratches or damages it will most likely settle the lease payments. If you don’t turn it in or pay the lease and you switch carries your credit receives a negative inquiry for negligence.

How do I end my sprint lease early?

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.

How long does it take for Sprint to refund money?

Support your local Sprint Retail Store! It should take no longer than 12 or so days. Thats from the date the approve the refund check to be sent though, so it could take closer to 3-4 weeks in total.

What happens when my lease is up on my Sprint phone?

Your agreement requires you to pay all remaining lease charges. Contact us to discuss your options. Your current bill will show any remaining required lease payments and the purchase option price. … You’ll need to pay any remaining lease charges and then decide if you want to return the phone to Sprint or buy it.

Do I own my phone after 24 months?

Typically the cost of your phone is divided over 24 months. As long as you still owe money on your phone, you can’t leave your carrier. When you’ve paid the phone off, you own it. Unlike the subsidy model, this usually also means your monthly bill is cheaper once your phone is paid off.

How do I terminate my Sprint service?

1-888-211-4727 is the number to call to cancel Sprint. You’ll be given a list of options and asked what you’re calling about. After you’ve made it clear that you’re calling to cancel Sprint, you and the call agent will need to go through the particulars.

What happens if you sell a leased phone?

Selling a Leased Phone You may be wondering if you can sell a leased phone the same way that you can sell a phone on an equipment installment plan. Unfortunately, the answer is no. A leased phone must be paid off and bought out before you can sell it. Otherwise, you must return it to your carrier.