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Once the lease is paid off, you have to return the phone otherwise you will still see it on your bill. You can also decide to keep it, which then you will pay the additional amount for the full cost of the phone ie 297$. This can be made in payments. But if you plan on keeping it, contact sprint and set that up because any additional money you pay after your lease is up (as its still on your bill and technically their property still) will not count towards the full price.
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