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What is Sprint Lease?

  • Leasing a phone is similar to leasing a car. You lease a great phone for a low monthly payment.

  • At the end of your lease term, you simply turn in the leased phone to Sprint and upgrade to the latest & greatest phone. That means no more drawers full of old phones that you don’t know what to do with!
Phone icon.

Benefits of leasing your new phone:

  • Get an annual upgrade after 12 monthly lease payments. Restrictions apply.

  • At the end of your lease term, you have the flexibility to choose an option that’s right for you. Learn more »

  • Pay sales taxes monthly. That can save you from having to shell out a bundle of money upfront!

What's the difference between lease and monthly installments?

Lease Monthly installments
Annual upgrade
Annual upgrade
Add'l $5/mo.
Sales tax
Paid monthly
Sales tax
Upfront lump sum
Who owns the phone?
Who owns the phone?

You have several options at the end of your lease term:

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  • Turn it in to Sprint and upgrade to a new phone. Don't forget: The leased phone needs to be in good working condition and undamaged. Also remember to turn off the locking feature.

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  • Buy it. If you want to buy the phone and keep it, simply visit a Sprint store and pay the Purchase Option amount listed on your lease.

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  • Continue leasing month-to-month. After your lease term ends, you can continue leasing the phone month-to-month. You can choose another option when you're ready. Note: Your monthly payment may be different. Look for an email from Sprint towards the end of your lease with specific details.

  • You also have the option of simply turning in the Sprint-owned phone at a Sprint store at the end of your lease term.

We're here to help!

If you need more information about leasing, check out the FAQs or visit a Sprint store.

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