Expand Phone Lease For Free

Unsurprisingly, one of the biggest differentiators between leasing and buying a phone is pricing. And while you'll find that leasing a phone generally costs you less over the long-term, you have to remember that you won't own the phone at the end of the lease unless you pay a buyout cost.

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 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.

10 Ways to Extend the Life of Your Smartphone Remove unnecessary apps and photos.Use a tempered glass screen protector.Invest in a sturdy case.Avoid software updates after two generations.Power down regularly.Keep the battery in good shape with best charging practices.

Must-read Apple coverage Most major cell carriers offer a leasing option for iPhones and other pricey mobile devices, and if you're leasing yours, there's only one option for you: Trade it in for an upgrade.

After your lease ends, a charge will appear on your bill for the remaining purchase-option price of your device, plus taxes.

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.