What happens when my lease ends? At the end of the 18-month Flex lease agreement, customers in good standing can choose to: Upgrade to a new phone. The phone you were leasing must be returned in good working condition and undamaged.
What happens if you don't return a 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.
Does Sprint still offer leases?
You can continue with a month-to-month lease. Don't worry! ... Call *2 from your Sprint phone or 844-665-6327 to confirm your month-to-month lease price.
What is a flex lease?
The Flex lease program is fundamentally an 18-month lease — not installment purchase plan — on a smartphone. Customers have the option to upgrade to a new phone after 12 months, hand the device back after 18 months, or make six more months of payments and own the device outright.Nov 27, 2017
What happens if you don't return a leased phone Sprint?
It seems Sprint is advising its consumers that leased phones have to be returned . ... Even if you return a phone, you could be charged for both the phone and additional fees. If you return a phone within the 14-day trial period of signing up, you're charged a restocking fee and possibly other costs.Mar 15, 2017
How can I get out of my Sprint 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.Jul 13, 2020
What happens if you break a leased Sprint phone?
What happens if I cancel my Sprint service during my lease? You are still responsible for the remaining lease payments plus the Purchase Option amount. You can turn in the phone at a Sprint store near you to offset the Purchase Option amount.
Does Sprint give you money to switch?
Whether you have a remaining device payment or a contract to buy out, Sprint will give you up to $650 per line to help you make the switch.Mar 7, 2019
How long is a lease with Sprint?
18 months
How much does it cost to cancel Sprint Flex 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.Jul 24, 2012