anon(782252)
Well-known member
You have clearly been sipping to much Legere Sunday Slow Cooker Kool aid.I'm sorry if this has already been addressed but are people actually complaining about the $130 as if that's T-Mobile trying to get one over? Because if that's the case, it seems a bit silly.
I am confident that T-Mobile is trying to keep the phone payment to $30 or less. In order to do that with an $850 phone and 24 payments, you have to reduce the amount borrowed by $130. Sure, I bet they feel better getting that money up front as an equity payment given what has to be a substantial amount of bad debt but it's hardly unexpected. I'd rather have that anyway than a $36 monthly payment although as an interest free loan, I can see how people might choose otherwise.
So when the N8 comes out at $925, expect a down payment of $200 or $205.
And if you don't like it, blame Samsung for the price of the phone or yourself for wanting all the bells and whistles.
JoD was launched as a "walk out the door without paying a penny for your new smartphone" up to 3 times a year plan. They tried to do the down payment thing on the Note 7 and the backlash was immense so they relented and stopped requiring the down payment after 2 days.
Now they are back at their antics again. There's still backlash but the difference this time is the reps are able to persuade people to the S8 with no down payment. With the Note 7 there was no other similar option.
If the $6/month difference in monthly price between a down payment and no down payment has any effect at all on your monthly budget, people have no business buying a $850 phone.
For people that use JoD like it was intended, a down payment of $130 for someone who switches phones even every 6 months, raises the monthly cost to lease the device to about $51/month.
JoD isn't profitable for T-Mobile, I'm sure. But Legere spends a good portion of his day on social media ranting about how the other carriers go back on their promos, stick you with hidden fees, etc. So now he's changing JoD, which is going back on his word, which is exactly the thing he rails on the other carriers about. That makes him a hypocrite right now.