Quick Answer: Can I Turn In My Sprint Lease Early?

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..

Can I return my Sprint lease phone?

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 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.

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.

How can I buy my leased phone from Sprint?

If you want to buy the phone you’ve been leasing you need to contact Sprint and tell them. Then you will pay the Purchase Option Price which is set at the time your lease began with the previous 18 payments going towards the final purchase price option.

Will Verizon buy out my Sprint contract 2020?

Verizon will buy out your contract and cover early termination fees and device or lease buyouts from your old wireless provider. A family of four who’ve been waiting for the right time to switch to Verizon can use the incentive on each eligible line and receive up to $2,600.

Is Sprint better than Verizon?

Recap: Verizon is our best overall choice But what Sprint can beat is Verizon’s price and perks. Sprint plans are cheaper than Verizon’s, and if you live in an area with good Sprint coverage, you might not even notice a difference in service.

What happens when my Sprint lease is up?

Some consumers want to buy their Android or Apple devices after the lease period is over. Each Sprint Lease agreement includes a Purchase Option Price. … Once their lease agreement is over, they can make the Purchase Option Price payment at a Sprint Store. At that point, they will own the device.

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 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 phone company will buyout my Sprint contract?

Sprint, T-Mobile, and Verizon are now willing to pay your early termination fee or part of your remaining phone payment balance when you switch networks (check each provider’s website for details).

How do I terminate my Sprint account?

1-888-211-4727 is the number to call to cancel Sprint. You’ll be given a list of options and asked what you’re calling about. After you’ve made it clear that you’re calling to cancel Sprint, you and the call agent will need to go through the particulars.

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

Leasing your phone costs less per month than buying on an installment plan, but it could cost you more in the long run. … One carrier even lets you swap phones up to three times per year. Both Sprint and T-Mobile offer leasing options alongside their pay-to-own equipment installment plans (EIP).

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.

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.