Revise Phone Lease For Free

Once the leasing term is up, you can either swap the old phone for a newer one (at likely a more expensive leasing cost), pay off the remaining cost of the phone immediately to own it outright, or switch to an installment plan to pay off the remaining cost that way.

If you're financing your new cellphone purchase, or leasing one, you might experience several impacts on your credit. First, the creditor (whether it's the company or a partnered bank or credit card issuer) may check your credit when you apply.

At the end of the lease term, you have the option to: Return the phone and lease a different one. Sign a new lease for the same smartphone. Purchase the smartphone that you've been leasing.

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.

If you decide not to keep the phone, you must turn it in at a T-Mobile store. You can then decide to start a new lease on a new phone, or talk with our team about other upgrade options, such as an Equipment Installment Plan (EIP). When you return a leased phone, it must be in good working condition.

No, you will not own the device at the end of your leasing term. However, you do have the option to buy your phone at the end of the term by paying the balance off. Cell phone leasing plans are payment plans where a carrier charges you each month to "rent" their phone.

The phone you were leasing must be returned in good working condition and undamaged. Own it, either by paying the purchase option price in one payment (contacting the online chat agent may be required for this) or in nine monthly installment payments.