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How to extend your lease and save

Want to keep your device and pay less each month? Here’s how Extend and Save works

Claudia avatar
Written by Claudia
Updated over a week ago

Save on your monthly payments

If you’re happy with your current device, you can choose a new 12, 24 or 36-month lease and lower your monthly price by up to 55%.

Choose this option if:

  • You’re on monthly rolling and want a lower monthly price

  • You’ve reached the end of your fixed lease and want to keep your device longer


How to extend and save

  1. Log in to your Raylo account

  2. Go to Your Tech and choose the device

  3. Tap See end-of-lease options

  4. Choose Extend lese

  5. Select a new lease term (12, 24 or 36 months)

  6. Follow the steps to confirm. That’s it!

Your final rolling payment will be taken on the regular date. Once that’s processed, your new lower price kicks in automatically from the next month, on the same date.


FAQs

Is there a credit check for extending my lease?

Yes, a soft credit check is part of the process. It won’t affect your credit score.

Will my payment date change?

No, your payment date stays the same. Only the price changes.

When does the lower price start?

Your new monthly price starts after your final rolling payment is processed, usually the following month.

Can I cancel later if I extend?

When you choose to extend and save, you’re committing to a fixed term of 12, 24 or 36 months at a lower monthly price. If you cancel early, an early cancellation fee will apply.

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