Honestly, renting a phone is a terrible financial decision. I mean, there are weekly contributions here on r/ Sprint asking how to get a lease. Many people are led to think that this is a cost-effective financing agreement. It`s not a car or apartment, it`s a non-essential luxury item where you can lock yourself into a long-term contract (in the back, most apartments are only 12 months old, but Sprint goes 18 months remains). You wouldn`t rent a toaster, so why rent a phone? I think his shameful sprint advances that pattern. In your block here, you`re clearly not talking about a flex-leasing, since Flex only existed last month. You are talking about the old lease conditions that did not have the option of applying additional payments to the purchase price. Those who don`t want to keep the phone can return it to Sprint after paying the latest rents and paying the purchase price. These customers receive an account credit equal to the purchase price. While some people want to upgrade early, others want to keep their devices beyond the end of the rental.
Customers can renew the lease from month to month by continuing to pay monthly rents. Those who paid $0 down continue to make the same monthly payments. Those who have made a down payment pay more each month because the down payment will no longer compensate the monthly price. Instead of paying the lowest amount, they pay the same amount as customers. These consumers should read their leases before renewing them to ensure they can afford monthly payments. Some consumers want to buy their Android or Apple devices after the end of the rental period. Each Sprint lease includes a purchase price for the call option. Consumers should find the price on their rental agreement. It is usually $200 or less. Once their lease is concluded, they can make the optional price payment at a Sprint store. This is where they will own the device.
The Sprint Flex leasing program is the line version of the early upgrade program. This plan allows you to update or continue to pay at any time after 12 monthly payments and, finally, to own your device. The Flex program makes it very clear that this is an 18-month lease with options at the end of the purchase. Towards the end of this period, the customer has the choice of paying the remaining purchase price (just like the old lease) or paying that balance instead in the next 6 months (essentially, he makes the whole schedule exactly like the 24-month installments). In other words, someone who rents a phone has to pay $0 down and has a bill of $70 a month. That`s $1680 in two years. Someone who opts for Easy Pay has to pay $0 a month, which is $1848 over two years. Some who sign a 2-year contract have $199 in advance fees, plus a monthly payment of $85. That equates to $2,239 in two years.
I don`t think you know what the rental word means…. When your rental agreement expires, a fee will be charged for the remaining purchase price for your device, plus taxes on your bill. As BGR reports, these rental payments don`t rely on the balance on your phone. You must opt for the Sprint purchase price option by paying a lump sum for the balance or by choosing to make six additional payments for your device. Mobile phone companies have changed the way they provide mobile phones to their customers. In the past, customers had to pay the best dollars for phones or enter into a restrictive contract to get a discount. Even if they entered into a contract, they still had to pay a lump sum to own the device.