Question: What Happens If You Break Your Lease With Sprint?

What happens if you break a leased Sprint phone?

What happens if I cancel my Sprint service during my lease.

You are still responsible for the remaining lease payments plus the Purchase Option amount.

You can turn in the phone at a Sprint store near you to offset the Purchase Option amount..

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

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. … Even if you can figure out how to return a leased phone, they still bill you for it.

Can I return a leased phone to Sprint?

Leased devices cannot be returned by mail and must be returned to their original place of purchase or, if purchased online or by phone, must be returned to a Sprint Retail store. To find a store near you, visit com/storelocator.

What happens after 18 month lease with Sprint?

After 18 months, you can choose to swap your phone and keep leasing something newer, or buy the device either outright or with six more monthly installments. You can also just keep on paying the lease fee every month or return the phone to Sprint after 18 months and be done with it.

What happens if my phone breaks before the contract ends?

So if your iPhone breaks down when you’ve had it over a year but before your two-year contract is up for renewal, you could be stuck on a contract you can’t get out of with a phone that doesn’t work. If this happens then your case is with the network or retailer rather than Apple.

Can Sprint ruin your credit?

A Sprint collection account can hurt your credit score and remain on your credit report for up to 7 years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score. … You may not even have to pay any of the debts on your credit report.

How can I get out of my Sprint lease?

You can cancel your lease if you decide to part ways with your Sprint Flex plan before the term is up. However, this will come at a cost: You’ll have to pay the remaining balance left on your lease. You’ll also need to return the phone to Sprint (be sure to contact them and get a return kit).

Do I own my phone after 24 months?

Typically the cost of your phone is divided over 24 months. As long as you still owe money on your phone, you can’t leave your carrier. When you’ve paid the phone off, you own it. … However, you won’t own any of the phones unless you pay a large fee to buy it out.

Do you own the phone after contract?

Remember, when your contract ends, it means you’ve paid off your handset and it belongs to you. This gives you the flexibility to choose a sim only, or pay-as-you-go deal.

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.

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

Canceling your Sprint Flex lease 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.

Is it better to buy or lease a phone from Sprint?

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.

Is it better to buy or lease a phone?

But remember, leasing isn’t the cheapest option available if you want to eventually own your phone—in that case, it’s smarter to opt for monthly installments. Alternatively, buying your phone gives you the chance to own your phone, with most carriers allowing for monthly installments to finance the device.

How much does it cost to cancel 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.

What do I do if my sprint flex lease is up?

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.

Can you switch carriers with a leased phone?

If you are, you will need to buy out the phone to take it to another carrier. This shouldn’t apply if you leased your phone through another store or the manufacturer. To be sure, you can contact your current carrier to see if you own your device or if you have any outstanding fees that need to be settled.

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