Protect Phone Lease For Free

If your device is lost, stolen or damaged, you're still responsible for your monthly device payments until the agreement is paid in full. If you have device protection on your device, you can file a claim with for a replacement device and continue with your monthly payment.

Six Tips to Protect Your Smartphone From Damage Use a Screen Protector. Invest In a Good Case. Keep It Clean and Dry. Safe Handling. Avoid Extreme Temperatures. Don't Leave It Unattended.

Keeping a smartphone at the end of a lease term may require paying a buyout fee to purchase it. Leasing could save money over buying new phones, but it doesn't convey ownership, similar to leasing a car or an apartment.

When you finish paying it off, the phone is yours to keep. You do not have to turn it in. You can just start another installment plan.

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.

What Happens If You Don't Return a Leased Phone? This depends on where you are with payments. Some carriers let you continue paying the fee to lease the phone. However, if you're late with your payments and have not returned the phone once your lease has expired, this information may end up on your credit report.

If you no longer want to have a lease, you can either return the phone to your carrier or pay off the balance and take complete ownership of the device. Therefore, unless you pay off the balance, a leased phone is not yours to sell. If you stop making payments and don't return the phone, you're going to get in trouble.