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Thread: Is Sprint Really Ending In-Store 2 year Contracts Aug 26th?

  1. #1
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    Is Sprint Really Ending In-Store 2 year Contracts Aug 26th?

    Just read THIS. Say it ain't so.

  2. #2
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    Gives me an out to get my parents to switch. Their bill will go up either way when they get new phones now.

    Why spend more with Sprint when they would be better off elsewhere and pay the same price.

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    What about best buy? I've used 93 gb's so far this month, I can't afford to leave sprint, but I'm not gonna lease a phone!

    Sent from my SM-G930P using Tapatalk

  4. #4
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    I usually get my iPhone through the Apple Online Store. I wonder if that will continue
    to offer subsidized 24 month plans on upgrades? I hope so.

    Leasing a phone is like leasing a car. It looks like a good deal until the lease is up.
    Then what? You no longer have a phone since you don't own it so you either
    start a new lease but if the leased phone has a defect you'll be penalized heavily
    when you return it to sprint. If you are on a payment or subsidized plan at least
    you own the phone and can continue to use it after you pay it off or you contract is up
    or forever if you wish.
    Leases favor the company not the subscriber.
    Unless you want a phone you couldn't have afforded in the first place.

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    I got in on those loyalty credits and got a couple of iPhone 6 two years ago at Christmas. So okay, I got a phone for 5 dollars a month...or 120 dollars for the terms of the lease.

    But I got no phone in December to sell and apply $$ to new one! I got to turn it in. 😣

    Sent from my SM-G930P using Tapatalk

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    So glad I jumped on the multiple $50 Note 5 and $1 iPhone 6s with 2 year agreements offered at BB this past December. Sprint can't touch those lines until 2017 without giving me a get out of jail free card. Those $50 Notes are running just great on my other carriers.

  7. #7
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    How many times have they eliminated 2 year contracts so far?

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    Quote Originally Posted by CircuitSwitched View Post
    How many times have they eliminated 2 year contracts so far?
    At least three times. Whatever happened to this line from February: "We listened to our customers and are giving them more choices to get their new device. Sprint is the only carrier to offer the most choices to obtain a new device — lease, installment bill, two-year contract or pay full retail price.”

    I guess this means they've stopped listening to their customers. Sprint's so full of it.

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    Didn't best buy still do contract pricing on sprint phones the entire time sprint went back and forth?

    Sent from my SM-G930P using Tapatalk

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    Leasing phones is utterly stupid. Ending traditional subsidies will result in more leases...

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    Quote Originally Posted by E_tron View Post
    Leasing phones is utterly stupid. Ending traditional subsidies will result in more leases...
    I agree. Leasing benefits Sprint more than the customer. Sprint treats leased devices as property, not inventory. This sums it up very well:

    "As more of our customers elect to lease a device rather than purchasing one under our subsidized program, there is a significant positive impact to EBITDA* and Adjusted EBITDA* from direct channel sales primarily due to the fact the cost of the device is not recorded as cost of products but rather is depreciated over the customer lease term. Under our device leasing program for the direct channel, devices are transferred from inventory to property and equipment and the cost of the leased device is recognized as depreciation expense over the customer lease term to an estimated residual value. The customer payments are recognized as revenue over the term of the lease.

    Under our subsidized program,the cash received from the customer for the device is recognized as equipment revenue at the point of sale and the cost of the device is recognized as cost of products. During the three-month period ended June 30, 2016, we leased devices through our Sprint direct channels totaling approximately $540 million, which would have increased cost of products and reduced EBITDA* If they had been purchased under our subsidized program. Also.during the three-month period ended June 30.2016, the equipment revenue derived from customers electing to finance their devices through device leasing or installment billing programs in our direct channel was 67%."

    When it's all said and done, those who lease have nothing tangible to show for the payments and Sprint flips the lease returns by reselling them.

  12. #12
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    Let's see, the most telling thing here is... well there's a few, this is Sprint.

    The first is the story states if customers are willing to walk away from being a customer, they direct them to a completely different sales channel. That's SO awesome for the customer. Instead of empowering their staff, they divide and confuse customer's ability to pick a plan they want. I mean, I know this is America's wireless industry, but way to keep up the smoke and mirrors. Imagine if you needed to buy a bag of flour, another commodity, and Safeway directed you to a 1-800 # if you wanted more choices. Simply stunning, but so in line with Sprint.

    The next is we've heard this 28 times from Sprint. Nobody believes them anymore and they are insane with their rate plans and customer offerings. Are we on Framily? All in on one? No contracts? $1 iPhone leases and lesser rate plans? My god, I can't even track the Sprint plans anymore.

    And of course Sprint wants you to lease. Leasing bigger ticket items is very ' on a case by case basis ' for people financially. Leasing commodity items or items of relatively nominal value is inane. Of course Sprint loves it - they can depreciate those phones faster than your phone sinks to the bottom of the tub when you drop it and reap your monthly payments in perpetuity.

    And, given most of this affects how you get a device - Sprint is still in 1999 on the blocking, whitelisting, and not easily unlocking phones. You'd be a fool at best and idiot at worse to engage with such a company.

  13. #13
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    Looks like I'm going to cancel my Sprint lines, pay ETF and take both IPhone 6s to T-Mobile where my bill will be cheaper. I guess I can still get a 2 year contract upgrade via Sprint but that's so much work. I always get my upgrade through Apple.com.

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    I have SERO

    I guess I'll go for the note 7 now since I'm eligible and will lose upgrade

    Sent from my XT1575 using Tapatalk
    SprintGurus

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    Quote Originally Posted by Morphling27 View Post
    Let's see, the most telling thing here is... well there's a few, this is Sprint.

    The first is the story states if customers are willing to walk away from being a customer, they direct them to a completely different sales channel. That's SO awesome for the customer. Instead of empowering their staff, they divide and confuse customer's ability to pick a plan they want. I mean, I know this is America's wireless industry, but way to keep up the smoke and mirrors. Imagine if you needed to buy a bag of flour, another commodity, and Safeway directed you to a 1-800 # if you wanted more choices. Simply stunning, but so in line with Sprint.

    And, given most of this affects how you get a device - Sprint is still in 1999 on the blocking, whitelisting, and not easily unlocking phones. You'd be a fool at best and idiot at worse to engage with such a company.
    Actually, Sprint is encouraging Reps to lie to customers.

    Quote Originally Posted by Eyecon82 View Post
    I have SERO

    I guess I'll go for the note 7 now since I'm eligible and will lose upgrade

    Sent from my XT1575 using Tapatalk
    Well, seems that even after the 26th, you can still upgrade with subsidy via telesales or online.

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