You get the choice to pay the remaining value of the phone and keep it, or enter a new "lease" agreement for a brand new phone at the end of the term. The formula is simple:
purchase fee = device list price – lease payments made – remaining discounts or trade-in credits.
If you're paying $1368 over 24 months, you could pay the remaining $632 after those 24 months and keep it with 0% interest.
You get the choice to pay the remaining value of the phone and keep it, or enter a new "lease" agreement for a brand new phone at the end of the term. The formula is simple:
purchase fee = device list price – lease payments made – remaining discounts or trade-in credits.
If you're paying $1368 over 24 months, you could pay the remaining $632 after those 24 months and keep it with 0% interest.