Question: How Can I Get Out Of My Sprint Lease After 18 Months?

How does Sprint 18 month lease work?

When you sign up for Sprint Flex lease, you’ll make a fixed monthly payment for your device over an 18-month period, but you’re not paying off your phone or tablet in order to own it.

Instead, you’re merely leasing the device from Sprint, and the carrier will still technically ‘own’ the gadget you’re using..

How can I get out of my Sprint lease without paying?

If you decide to cancel your lease before the 18 month lease term is up, Sprint will require you to pay the remaining lease payments—as well as the Purchase Option Price. After this, you are free to leave and take your device with you.

Can you cancel one line of a Sprint family plan?

To cancel a line of service you would have to call in. As long as you have an active line of service you remain a customer. The early termination fee would depend on if you are in contract and for how long. Canceling one line of service may require you change the plan on the other line.

Does Sprint sue for unpaid bills?

Sprint isn’t suing you. They sold the debt to collectors years ago.

How much does it cost to get out of Sprint lease?

The early termination fee is prorated, which means that as more time passes, you will pay less to terminate the fee. The way Sprint figures out the fee is that it charges $20 per month for each month that’s left on your contract with a maximum fee of $350 and a minimum of $100 per device.

Do you own your phone after lease?

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.

Is leasing a phone a bad idea?

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. … It may seem like leasing your cell phone isn’t a good idea, but for some, leasing could actually save you money in the long run.

How do I get out of my Sprint contract?

You can only cancel your contract over the phone or in person. To do so, either dial *2 on your Sprint phone or call 1-888-211-4727.

What happens if you don’t return a leased phone Sprint?

Be warned potential Sprint customers, returning a phone is a complicated process which can take months. Even if you return a phone, you could be charged for both the phone and additional fees. If you return a phone within the 14-day trial period of signing up, you’re charged a restocking fee and possibly other costs.

Can I return my leased phone to Sprint?

Get your phone ready to return. Please contact a care representative today at 855-279-3712 to order a return kit. The kit is all you need to quickly and easily return your leased device to Sprint. … You have 30 days to return your phone or you will be charged additional fees.

What happens if you sell a leased phone?

Selling a Leased Phone You may be wondering if you can sell a leased phone the same way that you can sell a phone on an equipment installment plan. Unfortunately, the answer is no. A leased phone must be paid off and bought out before you can sell it. Otherwise, you must return it to your carrier.

Will Verizon buy out my Sprint lease?

“Verizon will buy out your contract and cover early termination fees and device or lease buyouts from your old wireless provider,” the company said in a blog post. That $650 figure is per line, so Verizon notes that a family of four can receive up to $2,600.

What happens after Sprint lease ends?

With Flex Lease, Sprint owns the phone. 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 remaining balance, 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?

you’ll either give the phone back. If there are no cracks scratches or damages it will most likely settle the lease payments. If you don’t turn it in or pay the lease and you switch carries your credit receives a negative inquiry for negligence.

What happens if I dont pay Sprint?

If you don’t pay your mobile phone contract, your account will go into arrears. Your mobile provider could cut your phone off so you’re unable to make or receive calls. If you don’t take steps to deal with the debt, your account will default and the contract will be cancelled.

Is leasing a phone from Sprint a good idea?

If you like to upgrade your cell phone every year, then leasing might be a good option. Sprint’s Flex Lease lets you upgrade eligible phones (including iPhones and Samsung phones) after just 12 months, giving you the opportunity to have the latest and greatest model.