Sprint to Open Up Leasing to All Phones
Sprint plans to expand its phone leasing program to all the handsets in its lineup. Until now, Sprint has reserved its leasing program for Apple iPhones and Samsung Galaxies. The new program, called Sprint Flex, provides customers with several options. The iPhone Forever and Galaxy Forever leasing programs remain in place as-is and offer annual upgrades at no extra cost. For every other device, Sprint will allow customers to upgrade after 12 consecutive on-time lease payments for an extra fee of $5 per month. Those who don't want or need to upgrade each 12 months can revisit their phone lease at the 18-month mark when they can return the device for a new one, pay the phone off in a lump sum to own it, or make six more payments to own it. Sprint is also rolling out a program called Sprint Deals, which offers low-cost monthly payments on Sprint's selection of affordable phones. This program lets people finance handset costs with or without a credit check. Entry-level devices require a $25 down payment and $5 payments per month, while pricer phones will require a $30 down payment and $10 per month. Those with poor or no credit can score a discount on some of these phones if activated on a Sprint Forward prepaid plan. Sprint hopes affordable lease rates on its handsets will entice customers to sign up. "We want to give full flexibility to our customers because you don’t want to get stuck with an old phone," said Sprint SVP of Leasing Robert Hackl in an interview with Reuters. Sprint is the nation's fourth-largest carrier in terms of customers. It has rolled out a number of promotions and changes to its service plans in an effort to gain more subscribers.
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