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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).

JUMP! On Demand (JOD) is an 18-month lease agreement that lets you sign a new lease and change your leased device once every 30 days. Since this is a lease and you aren't buying the phone, the monthly payments are reduced.

Leasing a smartphone offers the benefit of being able to upgrade to the latest models regularly without incurring contract fees. Keeping a smartphone at the end of a lease term may require paying a buyout fee to purchase it.

Qualify and finance a phone for $0 down—just for paying your bill on time. With Smartphone Equality™, financing 12 months of on-time payments qualifies you for our best pricing on leasing new phones and tablets.

On Demand, new and current postpaid customers can lease a great device for zero to little down with low monthly payments—no matter your credit score.

Leasing company owns the phone When you lease a smartphone, you don't own it; the cellphone company or lease provider does. Again, that's similar to leasing an apartment or a vehicle. On the other hand, when you purchase a smartphone, it's yours.

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.

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.

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).

JUMP! On Demand (JOD) is an 18-month lease agreement that lets you sign a new lease and change your leased device once every 30 days. Since this is a lease and you aren't buying the phone, the monthly payments are reduced.

Leasing a smartphone offers the benefit of being able to upgrade to the latest models regularly without incurring contract fees. Keeping a smartphone at the end of a lease term may require paying a buyout fee to purchase it.

Qualify and finance a phone for $0 down—just for paying your bill on time. With Smartphone Equality™, financing 12 months of on-time payments qualifies you for our best pricing on leasing new phones and tablets.

On Demand, new and current postpaid customers can lease a great device for zero to little down with low monthly payments—no matter your credit score.

Leasing company owns the phone When you lease a smartphone, you don't own it; the cellphone company or lease provider does. Again, that's similar to leasing an apartment or a vehicle. On the other hand, when you purchase a smartphone, it's yours.

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.

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.