Fill Phone Lease For Free

Leasing a cell phone can be a good idea if you like to upgrade to a new phone every year (or thereabouts) and don't necessarily need to own your phone. Leasing a phone can be cheaper than paying off a phone in full (whether outright or via monthly installments) and you'll be able to get a new phone every 12-18 months.

You'll need to pay any remaining lease charges and then decide if you want to return the phone to Sprint or buy it. Paying for the phone(s) or returning them to Sprint will complete your commitment and end any future charges.

Sprint Flex Lease Explained After the lease is up you will NOT own your phone unless you pay a buyout fee after the lease is up. All together you have three options at or after your 18-month lease is up: You can buy the phone.

Financing a cellphone could help you build credit: Financing a cellphone can help build credit if you pay on time, consistently. Improving your credit score makes it easier to qualify for other types of credit and be approved for favorable interest rates.

If your budget is tight, a payment plan can be a great option, but if you don't want to manage another monthly payment, paying for the phone outright will better fit your needs.

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.

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.