Does Sprint lease phones?
Yes, Sprint offers customers the option to lease phones through their Sprint Flex Lease program. This program allows customers to pay a monthly fee for the use of a phone, rather than the full purchase price.
FAQs:
1. How does Sprint’s Flex Lease program work?
Customers can choose a phone from Sprint’s eligible inventory and pay a monthly lease fee for a specified term, typically 18 months. At the end of the lease term, customers have the option to return the phone, upgrade to a new phone, or buy the leased phone at its fair market value.
2. Are there any upfront costs associated with leasing a phone from Sprint?
There may be upfront costs such as taxes, activation fees, and possibly a down payment for higher-end devices when leasing a phone from Sprint.
3. Can customers trade in their current phone when leasing a new phone from Sprint?
Yes, Sprint allows customers to trade in their current device when leasing a new phone. The trade-in value can be applied towards lowering the monthly lease fee or purchasing accessories.
4. Are there any penalties for ending a Sprint Flex Lease early?
Customers may be subject to an Early Termination Fee (ETF) if they end their Flex Lease agreement early. The ETF varies depending on the remaining lease balance.
5. Can customers buy the leased phone at the end of the lease term?
Yes, customers have the option to purchase the leased phone at the end of the lease term. The purchase price is determined by the fair market value of the device.
6. Do customers need to have good credit to lease a phone from Sprint?
Sprint may require a credit check to determine eligibility for their Flex Lease program. Customers with lower credit scores may be required to pay a higher down payment or security deposit.
7. Can customers add insurance to their leased phone from Sprint?
Yes, customers have the option to add insurance to their leased phone through Sprint’s Total Equipment Protection (TEP) or Sprint Complete programs. These programs offer protection against damage, loss, and theft.
8. What happens if the leased phone is damaged or lost?
Customers with insurance coverage through Sprint may be eligible for a replacement phone if their leased device is damaged or lost. Deductibles may apply depending on the insurance plan.
9. Are leased phones locked to the Sprint network?
Leased phones from Sprint may be locked to the Sprint network until the end of the lease term. Customers can request to have the device unlocked once the lease is paid off in full.
10. Can customers upgrade to a new phone before the end of their lease term?
Customers have the option to upgrade to a new phone before the end of their lease term by paying off the remaining lease balance. Sprint may also offer early upgrade options for customers who want the latest device.
11. What happens if the leased phone malfunctions during the lease term?
Customers with a malfunctioning leased phone can contact Sprint to troubleshoot the issue. If the device is under warranty, Sprint may offer a repair or replacement at no extra cost.
12. Does Sprint offer any promotions or discounts for leasing phones?
Sprint frequently offers promotions and discounts for customers who lease phones through their Flex Lease program. These promotions may include reduced monthly lease fees, waived activation fees, or discounted accessories.