Sprint today announced that well-qualified customers can lease an iPhone 8 with 64GB of storage for $0 per month after bill credits with the trade in of an eligible smartphone, including the iPhone 7, iPhone 7 Plus, and Galaxy S8.
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With the trade in, Sprint will waive the regular $29.17 charge for 18 months. After at least 12 lease payments, all of which are covered by the promotion, customers can trade in the iPhone 8 and upgrade to a new iPhone.
The limited time offer appears to be available to both new and existing customers who activate at least one new line of service.
Sprint is also offering 50 percent off the 18-month lease of an iPhone 8 to customers who trade in an older smartphone, such as an iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, Galaxy S7, or Google Pixel.
Until October 31, 2018, Sprint's unlimited talk, text, and data plan costs $50 per month for the first line, and $40 per month for the second line, with up to three additional lines for free with AutoPay and paperless billing.
"Unlimited" has some caveats, including a max of 1080p for streaming video, 1.5 Mbps for streaming music, and 8 Mbps for games. After 23GB of usage in a billing cycle, data deprioritization applies during times of congestion.
Sprint will waive its $30 activation fee for customers who order online or by phone. There may be additional taxes and fees.
Top Rated Comments
The way they're getting you to stay in leu of a contract is that your lease payments are $29.17 each for 18 months. Sprint will give you a credit of $29.17 each month for 18 months.
If you quit Sprint, the credits end but you still owe those $29.17 payments.
At the end of the lease, the amount 'paid' is 18 months x $29.17 = $525. For an additional $175, you can keep the iPhone 8 and do with it what you want. If you DON'T pay the $175, then you need to give the phone back to Sprint.