Create Phone Lease For Free

Go with a prepaid plan or carrier There's also a growing crop of budget carriers that offer only prepaid service, including Mint Mobile, Visible and Boost Mobile. Their plans are often cheaper, more straightforward and don't require a credit check since you pay upfront.

Faithfully paying the phone company, month in and month out, doesn't help you build credit because phone companies don't typically report to credit bureaus. Even financing your phone or leasing it via a phone contract won't build credit, since the companies don't report the activity.

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.

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.

Leasing a phone is similar in concept to monthly installments, as you pay a specified amount per monththe 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.

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.

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.