That is not accurate. You are not "leasing" the phone. You actually own the phone, but you can trade it in and call the balance even, after 6 months or after paying the balance down 50% (whichever comes first). I have jump, but I opted to sell my G3 instead of trading it in. Since I only owed $244 left on it, it didn't make sense to trade it in and call it even, since the value was higher than that. Instead, I put it on Ebay and sold it for $440. That was enough to pay off the remaining balance with T-Mobile, and have left over profit.