Quick Answer: What Happens If I End My Sprint Lease Early?

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..

How can I get out of Sprint contract without paying?

Here are some ways to get out of your cell phone contract without paying the Early Termination Fee.Transfer to a Cell Carrier That Will Pay Your ETF. … The Cell Provider Changes the Terms of the Contract. … Transfer Your Contract to Someone Else. … Complain Often, but do it the Right Way.More items…•Sep 10, 2020

What happens if I cancel my Sprint contract?

What about an early termination fee? It’s simple. We love having you as a customer and don’t want you to leave. But if you agree to a 1- or 2-year Service Agreement, and you cancel that contract early, you will be charged an early termination fee (ETF).

How much does it cost to cancel a 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.

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).

Can I return my 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 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.

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.

Can I switch carriers if I still owe on my phone?

If you still owe on your phone, you’ll need to pay it off before you can go from one cell provider to another. You also want to make sure you will not have any termination fees. In some cases, your new carrier will cover these as part of a deal, but you’ll want to check with both you old and new carrier to find out.

Can I end my lease early with Sprint?

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.

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 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.

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.

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