Sprint Lease is expanded to include the LG G3 and Samsung Galaxy Note 4

Sprint Lease is expanded to include the LG G3 and Samsung Galaxy Note 4
On Friday, Sprint announced that it is adding a couple of new handsets to the Sprint Lease program. Starting today, new and existing Sprint customers can lease the LG G3 for $15 a month. The Samsung Galaxy Note 4 can be leased for $25 a month. Qualified customers pay $0 down and make their lease payments monthly for 24 months.

After the 24 months expire, Sprint Lease customers in good standing can turn in their leased phone and lease a newer model with $0 down. Or, they can purchase the phone that they were leasing. And if they are ready to move on to another carrier, they can return the leased phone in good condition and terminate their service with Sprint.

Sprint is still offering to cut Verizon and AT&T customers' bills in half while giving them unlimited talk and text, and roughly the the same amount of data. Unfortunately, the plan requires that those signing up for the plan forfeit their current phones to Sprint and buy new ones from the carrier. That reduces the actual savings to 20% over similar Verizon and AT&T plans. And if you plan on switching carriers, Sprint will pay your ETF or installment bill balance in the form of a Visa Prepaid card valued at as much as $350 per line.



source: Sprint

Related phones

G3
  • Display 5.5" 1440 x 2560 pixels
  • Camera 13 MP / 2.1 MP front
  • Processor Qualcomm Snapdragon 801, Quad-core, 2500 MHz
  • Storage 32 GB + microSDXC
  • Battery 3000 mAh(21h 3G talk time)
Galaxy Note 4
  • Display 5.7" 1440 x 2560 pixels
  • Camera 16 MP / 3.7 MP front
  • Processor Samsung Exynos 7 Octa, Octa-core, 1900 MHz
  • Storage 32 GB + microSDXC
  • Battery 3220 mAh(20h 3G talk time)

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14 Comments

1. Mxyzptlk unregistered

You're better off on Easy Pay. Only reason you should get the Lease is for the iPhone Plan which comes with a $15 credit every month.

3. Salazzi

Posts: 537; Member since: Feb 17, 2014

What $15 credit?

10. Doakie

Posts: 2478; Member since: May 06, 2009

How about you should never buy or lease any phone from Sprint? Their service sucks so bad.

12. oister85 unregistered

I rather own a phone

2. rallyguy

Posts: 620; Member since: Mar 13, 2012

This makes no sense. You pay $600 for a Note 4, and you have to give it back if you want to upgrade, or you can buy it if you want to keep it. You already paid $600 for the phone, and you have to pay more money to keep it? What a total rip off. How about $10 a month? That seems fair.

4. HASHTAG unregistered

I was thinking the exact same thing, too! Idk if I am missing something, but it appears like they are making you pay for the phone twice.

5. JnCrls unregistered

You paid $600 for the Note 4, but this phone have a retail value of $749.99, so if you want it you paid the other $150. I think this is fair.

6. EC112987

Posts: 1215; Member since: Nov 10, 2014

so technically youre paying 600 to "rent" a phone. that's a bit insane

7. TheRequiem

Posts: 245; Member since: Mar 23, 2012

No, you need to actually look at what the plan entails, you get a $15 month service credit depending on what plan you get. So your paying more like $200-$300 for the phone. It's like leasing a car, its for people who want new equipment every 12 - 24 months - it's the most cost effective plan over 12-24 months, by far.

8. EC112987

Posts: 1215; Member since: Nov 10, 2014

I didn't want to use a car reference because I didn't look at the details but for 300 or so then of course its not bad :)

9. Salazzi

Posts: 537; Member since: Feb 17, 2014

Do you really get $15/month credit while you're leasing the phone?

11. Doakie

Posts: 2478; Member since: May 06, 2009

That's leasing... Welcome to financial school. Leasing is a big rip off.

13. quawy2014

Posts: 3; Member since: Jan 17, 2015

Sprint sucks donkey balls

14. rdaex

Posts: 152; Member since: Oct 24, 2012

Wait... how is this different or better than easy pay or tmobile financing?

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