Free 16 GB N5?

FreakyLocz14

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I heard from a T-Mobile employee that the 16 GB N5 will be available for $0 down with the trade-in of an N4.

Posted via Android Central App
 

JRDroid

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I heard from a T-Mobile employee that the 16 GB N5 will be available for $0 down with the trade-in of an N4.

Posted via Android Central App

You still pay for the phone. T-Mobile just has you do it month to month instead of up front.

Posted via Android Central App
 

swebb

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I heard from a T-Mobile employee that the 16 GB N5 will be available for $0 down with the trade-in of an N4.

The key words here are "$0 down". You will have to pay something on an installment plan. Say you end up paying $15 a month for 24 months. That's $360. Plus you are giving them your N4 which would get at least $200 on eBay. So your paying effectively $560 for a device you can buy outright for $350.

I just don't believe you will get the N5 at the cheapest net price anywhere but the play store.
 

JRDroid

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T-Mobile doesn't have contracts anymore.

Posted via Android Central App

Yes they do, its just more transparent. You aren't unde a SERVICE contract but you are still on a contract to pay for your device. If you weren't under contract to pay for the device, they couldn't make you pay off your remaining balance when you choose to leave their service.
 

Euan Tan

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Plus Tmobile would put the Nexus 5's price WAYY higher than the play store since it isn't subsidized like how the Nexus 4 goes... 427 dollars for N4?... with building Credit its $199's down and 9 dollars for 24 months... .when u can buy it for like 250 almost anywhere (except the playstore now) ? o_o wut.

Sell the Nexus 4 for like 200-250 Add 100-150 and u got yourself a Nexus 5. Contract-free
 

21stNow

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Technically they aren't 'contracts' but you go ahead and stop paying for phone after you sign agreement with them and see if it doesn't screw with your credit

Especially with the Nexus 5, buy it from the Play Store and you won't have any agreement or contract.

Since you can pay off the phone at any time, even a financed phone still isn't the same as a service contract.

Posted via Android Central App
 

grayzweb

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Technically they aren't 'contracts' but you go ahead and stop paying for phone after you sign agreement with them and see if it doesn't screw with your credit

That's because you financed the phone from them. - you bought it for full retail price on credit and just making monthly payments. Would be just the same thing as putting it on a credit card with 0% interest for 24 months.

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JRDroid

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Technically they aren't 'contracts' but you go ahead and stop paying for phone after you sign agreement with them and see if it doesn't screw with your credit

Technically, they are contracts, just not service contracts. Financing, payment plans, whatever you want to call them, they are all financial contracts. That agreement you sign promising to pay them $9 a month for 24 months for your phone is a contract.
 

gone down south

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Technically, they are contracts, just not service contracts. Financing, payment plans, whatever you want to call them, they are all financial contracts. That agreement you sign promising to pay them $9 a month for 24 months for your phone is a contract.

But you can pay off the balance any time and walk away free and clear.

A service contract will have a penalty clause that kicks in if you try to terminate early.



Sent from my Nexus 4 using AC Forums mobile app
 

grayzweb

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Technically, they are contracts, just not service contracts. Financing, payment plans, whatever you want to call them, they are all financial contracts. That agreement you sign promising to pay them $9 a month for 24 months for your phone is a contract.
Actually it's just debt. You bought the phone for full price & you owe the money no matter what. Pay it off slowly, quickly, however you want, but that is all it is. They just break it down into 24 payments for you. If you stop using T-mobile the balance is due. Very simple.

Whatever you put down comes off balance. $0 down means you owe more. Not that it's free.
 

JRDroid

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But you can pay off the balance any time and walk away free and clear.

A service contract will have a penalty clause that kicks in if you try to terminate early.



Sent from my Nexus 4 using AC Forums mobile app

Both of those are you buying out of a contract.

Actually it's just debt. You bought the phone for full price & you owe the money no matter what. Pay it off slowly, quickly, however you want, but that is all it is. They just break it down into 24 payments for you. If you stop using T-mobile the balance is due. Very simple.

Without a contract there is no debt. With a service contract, you have a pro-rated early termination fee that lets you buy out of your contract. Essentially you are paying off part of your contract each month so your ETF goes down. With T-Mobile's "Device Payment Plans" you pay off part of your device (which you are UNDER CONTRACT to make pay off) so your cost to leave goes down every month. You guys can drink all the magenta Kool-Aid you want, its a contract.
Definition of contract from Dictionary.com:
con?tract [n., adj., and usually for v. 15–17, 21, 22 kon-trakt; otherwise v. kuhn-trakt] Show IPA
noun
1. an agreement between two or more parties for the doing or not doing of something specified.
2. an agreement enforceable by law.
3. the written form of such an agreement.

T-Mobile's payment plans meet all three of those definitions.
 

gone down south

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Yes, but the point I'd that T-Mobile says "here's a loan to buy the phone, pay it off whenever you want, but feel free to stop doing business with us at any time."

Everyone else says "you must sign a 2 year commitment with a harsh penalty clause to work with us."

Sent from my Nexus 4 using AC Forums mobile app
 

UJ95x

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Yes they do, its just more transparent. You aren't unde a SERVICE contract but you are still on a contract to pay for your device. If you weren't under contract to pay for the device, they couldn't make you pay off your remaining balance when you choose to leave their service.
If you but it up front or finish paying it off early, you aren't on ANY kind of contract
 

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