Should you lease a smartphone?

Many people lease laptops. Should you lease your smartphone? Just as an example, you can lease the Palm Pre (which is now an HP smartphone) for $13 month for 48 months. Here's the fine print about leasing an HP smartphone:

Lease products available through Hewlett-Packard Financial Services Company (HPFS) to qualified commercial customers in the U.S. and are subject to credit approval and execution of standard HPFS documentation. Lease prices shown are based upon HPFS’ current lease rates for premium risk rating customers (as determined by HPFS in its sole discretion). All customers may not qualify for this pricing. HPFS lease rates may vary depending upon HPFS’ credit review and approval of the customer and the transaction. Other restrictions may apply. HPFS reserves the right to change or cancel this program at any time without notice.

Given that smartphones are changing so rapidly, it probably makes sense to lease them so that you can stay current with the latest technology. Otherwise, keep them in mint condition and sell them on eBay. That's what I do.