OVERLAND PARK, Kan. – Sprint continues to expand its leasing program, originally launched with the new iPhone 6 and 6 Plus, extended to the Samsung Galaxy S5 and S5 Sport, and now offered with the iPad Air 2 and iPad Mini 3 tablets.
The leasing program is available only through Sprint’s direct channels, including its stores, and through Sprint-brand stores operated by independent retailers. Leased devices are not subsidized by the carrier.
Under one- and two-year leases, consumers can continue leasing their device on a month-to-month basis after the original lease term expires. Users can also opt to purchase the device or turn it in to lease or purchase a different device.
The carrier continues to offer its Easy Pay installment-payment plans launched early this year. Under it, monthly payments for unsubsidized devices are higher than the monthly lease prices, but at the end of the 24-month term, the customer owns the phone. Sprint Easy Pay customers also get the option to pay an additional monthly fee to obtain an early upgrade.
The new iPad leases carry 24-month terms. The monthly lease payment for iPad Air 2 is $20 for the 16GB version, $24 for the 64GB version, and $28 for the 128GB version. For the Mini3, the lease payments are $17 for the 16GB version, $21 for the 64GB version, and $25 for the 128GB version. No up-front payments are required.
Sprint calls the lease plans “one of the most economical ways to get a new iPad Air 2 and iPad Mini.”
When Apple devices are leased, Sprint calls the lease programs iPad for Life and iPhone For Life.
