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. Leasing provides several benefits. First, customers will be able to upgrade to a new phone after a year. Once a customer makes 18 payments, they'll be able to return the phone and upgrade, or purchase the device outright in a lump sum or six more monthly payments. 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.


More...