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Leasing a Phone vs. Buying One: The Pros and Cons

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Community Manager

Leasing a phone vs buying.jpeg

Depending on how often you upgrade your phone, your financial situation, whether owning a phone outright – and immediately – is important to you, etc., choosing whether to lease or buy a cell phone can be a difficult decision. So today, let's take a brief look at the pros and cons of leasing a phone vs. buying one (as they pertain to the Sprint Flex/Lease program).

 

Pros

  • You can choose a cell phone on a lease-to-own basis, which means that if ultimately owning your device outright is important to you, doing so is easy.
  • If you're not concerned with actually owning your device, you can return your device at the end of your lease, then either lease another cell phone or buy one immediately. The choice is yours.
  • You can upgrade to a new device any time after 12 payments. (Annual upgrades are always included with our iPhone Forever, Galaxy Forever and Sprint Flex Deals programs at no additional charge.)
  • Regardless of whether you use our cell phone lease-to-own program or you buy your phone outright, you'll still have the option to enroll in our Total Equipment Protection plan within 30 days of activating or purchasing your device.

 

Cons

  • You won't own your phone immediately.
  • You'll have to make monthly payments – and if you prefer to keep your monthly expenditures at a minimum, you might prefer to simply purchase a phone outright.
  • The phone must be in good condition when you return it to Sprint. So, if you're particularly hard on your devices, you may want to consider whether leasing a phone vs. buying one is right for you.

 

If you're still on the fence about which solution is right for you, and you want to discuss the pros and cons of leasing a phone with Sprint, you can contact one of our Customer Service representatives at 1-866-275-1411.