For $20 a month, Sprint customers can get the 16GB variants of both handsets. Existing qualified customers receive a $15 credit each month through January, bringing the payments to just $5 a month. However, the program works a little differently for the Galaxy S5 and Galaxy S5 Sport, which require an Unlimited My Way, My All-In, Simply Everything, or Everything Data shared plan. By comparison, the iPhone for Life program requires the $50 unlimited text, call, and data plan.
In addition, the rent period last for two years, after which you can either buy the leased phone, return it and get a new one, or quit the service. While the rent period for iPhone for Life is the same length of time, Sprint introduced a new option that decreases the upgrade wait time to just one year. Of course, Sprint may end up doing the same thing for the Galaxy phones.
The lease program for the Galaxy S5 and Galaxy S5 Sport launches today, so at the very least, customers have two more options to pick from.
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