Sprint plans on rolling out a program for their customers that will buyout their current contract early with a small fee to upgrade. The program will reset their early upgrade eligibility so users can sign a new two year contract and upgrade their device. The program will be available to Sprint customers between 2/12/2012 and 04/14/2012.
Customers that are not Eligible for the Upgrade Buyout:
Customers that have upgraded less than eight (8) months ago
Customers in collections
Airave and tablet accounts
Fee Breakdown for customers planning on using the buyout:
$165 – Customers with a 9-11 month old contract
$125 – Customers with a 12-14 month old contract
$95 – Customers with a 15-17 month old contract
$55 – Customers with a 18-21 month old contract
$36 – All others
This is good news for Sprint and its customers. With all of the new devices available you can surely find one you would rather have than the old one your working off of right now.
Sprint is having a hard time keeping up with its larger competition and are changing the way they do business to try and keep up. While this will be a good move for Sprint this will likely be bad for consumers.
Sprint’s early termination fee (ETF) will be moved up to a maximum of $350 to keep them on par with their larger competitors AT&T and Verizon. If you are in a contract now and want to get out of it you can easily figure out what you owe. Add up the number of months left in your contract and multiply it by $20, its that easy. Keep in mind that if you have less than 4 months left they will charge you a $100 minimum so just wait it out if you can.
Sprint’s upgrade fee will be doubled from $18 to $36 which is more than AT&T or Verizon but have reminded employees to inform users that they are saving nearly $40 on their plans. Also users can have truly unlimited plans so there is no risk of extra charges with data overages.
Sprint will be getting rid of their one year contracts which is a smaller change that shouldn’t really effect most Sprint users. These changes will all go into effect as of September 9th of this year. So yes about a week.