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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.

Your mobile provider could cut your phone off so you're unable to make or receive calls. If you don't take steps to deal with the debt, your account will default and the contract will be cancelled. The mobile provider can then take action to recover the outstanding bill, following the normal debt collection process.

How does renting work? It's simple: Choose your device, click the Rent tab and follow the instructions to the checkout. We will then run a credit check to determine your eligibility. If successful, we'll set up a monthly payment schedule on your preferred payment date.

Upgrade to a phone you'll love—starting at $9.45/mo. The transaction is a lease-to-own transaction. However, there may be a longer period to own the merchandise. You will not own the merchandise until all payments are made or you exercise your early purchase option (“EPO”).

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. You can buy the phone for the full retail price later or keep upgrading!

This really depends on your financial situation, but it's safe to say that most cell phone financing plans are a decent option, as long as you're mindful of not continually taking on debt. Either way, you won't spend much extra (if any) by going with financing.

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.

Leasing Cell Phones – What Does it Mean? Leasing cell phones works a lot like leasing your car. You get the phone at a cheaper rate upfront, but at the end of a two year contract, you have to bring it back to the carrier in 'good working condition'.

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.

Your mobile provider could cut your phone off so you're unable to make or receive calls. If you don't take steps to deal with the debt, your account will default and the contract will be cancelled. The mobile provider can then take action to recover the outstanding bill, following the normal debt collection process.

How does renting work? It's simple: Choose your device, click the Rent tab and follow the instructions to the checkout. We will then run a credit check to determine your eligibility. If successful, we'll set up a monthly payment schedule on your preferred payment date.

Upgrade to a phone you'll love—starting at $9.45/mo. The transaction is a lease-to-own transaction. However, there may be a longer period to own the merchandise. You will not own the merchandise until all payments are made or you exercise your early purchase option (“EPO”).

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. You can buy the phone for the full retail price later or keep upgrading!

This really depends on your financial situation, but it's safe to say that most cell phone financing plans are a decent option, as long as you're mindful of not continually taking on debt. Either way, you won't spend much extra (if any) by going with financing.

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.

Leasing Cell Phones – What Does it Mean? Leasing cell phones works a lot like leasing your car. You get the phone at a cheaper rate upfront, but at the end of a two year contract, you have to bring it back to the carrier in 'good working condition'.