A friend is looking into cell phone plans with Sprint, and noticed that there's an option to lease a phone, rather than buying the phone. It seems as if the price of buying is good, once the down payment is made, since there really isn't much of a difference between the price with a high end phone versus a less popular one. It seems the difference is that after a year, those leasing will be given the option to upgrade to the newer model, but from what my friend said, it seems as if those leasing phones pay more for data plans. I'm old fashioned, and prefer to own my items, whether they be a vehicle or cell phone, and would prefer to keep my phone for a few years, rather than upgrading yearly. If I did decide to upgrade, I'd probably choose to sell my phone privately, rather than selling it back to the provider, since I could make more money that way. Would you lease a phone rather than buying one? Have you? I'm really not clear on the benefits of doing so.