Question: What Happens If You Don’T Return A Leased Phone?

Can I sell my leased phone?

If it is leased you do not own it.

You’re borrowing it from Sprint.

You must return it to Sprint and cannot sell the phone.

If it is leased you do not own it..

Can I return my leased phone to Sprint store?

But you can’t return a phone to just any Sprint store, it has to an official corporate store.

What happens if I lose my leased Sprint phone?

If you’re worried about damaging or losing your Sprint cell phone, you should sign up for Sprint Complete when you first lease your phone. The basic service will cost you just $9/month on top of your current handset repayments and will give you: Sprint’s repair and next-day replacement service.

How can I get out of my Sprint 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.

How much is the cancellation fee for Sprint?

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.

Will Verizon pay off 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.

Can a leased phone be unlocked?

Unlocking Requirements. The type of plan you have with sprint will determine how to unlock your phone and whether it’s even eligible. … Because leased devices aren’t owned by users, the end of the lease purchase option has to be paid in full before Sprint will unlock phones.

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.

Can I sell my phone if it’s not paid off?

You can sell your phone even if you still owe money on it. That’s because your carrier has extended you a line of unsecured credit, which means they can’t repossess your phone. … If you don’t pay your phone off and you fail to make payments, your phone will likely be blacklisted and the buyer will not be able to use it.

Is leasing a phone from Sprint worth it?

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.

How much does it cost to replace a lost phone Sprint?

Sprint Complete coverage Sprint Complete covers defects after the standard warranty expires, accidental damage and theft and loss. All screen repairs cost $29, and other repairs range between $25 and $140. Theft and loss replacement fees range from $50 to $275.