Level 3: Gumshoe

Can I buy out my leased phone?

Here's the message I got from Telstra:


Hi, there are lease phones on your account that need to be returned once the lease contract has ended to avoid a non-return fee (per phone). Get each lease phone return-ready and in good working order and come into a Telstra store to find out next steps.


If a lease phone is damaged, fees may apply; our team will assess it when you bring it into store and provide you with further advice.


I really would like to keep my phone - I have a Huawei P30.

What would the "non-return fee" be?


To make things simpler, any lease phones that are out of contract can be returned at the same time.

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Level 25: The Singularity
Level 25: The Singularity

Re: Can I buy out my leased phone?

The Fair Market Value that is used when wanting to buy out a leased handset is around the 28-30% of the original price of the phone. You would need to contact Telstra and ask them for the exact figure.

Never be afraid to back yourself when trying new things, just always make sure you have 3 escape routes if things go wrong.
Level 3: Gumshoe

Re: Can I buy out my leased phone?


Set it & forget it

With direct debit there’s no need to give paying your bill another thought.

Avoid queuing up and never worry about late fees again.

Setup direct debit