T-mobile adjusts EIP financing terms

[Nakrohtap]

https://pocketnow.com/t-mobile-36-month-financing-galaxy-note-9

It looks like T-mobile is finally listening to its customers. They upped the credit limit from $720 and extending EIP financing to 36 months.
Not sure of the new limits or if the 36 months apply to JOD as well.. However, the 128gb Note9 and the $999 iPhone xs are now zero down.

 

[Almeuit]

They somewhat listened. People wanted more to get 0 down so they gave it by.. extending the time frame of the whole lease.

 

[atlas9171]

Wouldn't be surprised if Jump on Demand isn't changed, wouldn't be surprised if it is, never know with TMO.

 

[atlas9171]

Was just reading about this over at TMO news and someone made the comment that qualifying for this is very similar to the recent lower down payment qualifications for JOD. So basically it appears to be the same BS from Tmo.

 

[raino]

Three year contracts truly are Uncarrier (just don't look north of the border...)

 

[Mooncatt]

So basically it appears to be the same BS from Tmo.

Wouldn't surprise me. I had to laugh at one of their commercials offering "free" phones. And by free, the fine print clarified that you had to sign up for a 2 year lease.

 

[anon(5719825)]

I can't believe that anyone would finance a phone for three years.

The 128GB note 9 is still two years but the 512GB model is the one being offered for free.

I bought my Note 9 last month when it dropped to zero down. I paid it off today after my my bill was paid with the first payment due.

 

[raino]

This opens the door for phone manufacturers to raise prices. TMO prefers to keep EIPs at, what, $30 per month? 30x36=1080. Add in an "affordable" $100 down-payment: $1180. Add in more, like they're doing right now because financing is capped to $720 or whatever...you get the point.

TMO didn't have to do this, but they took the easy way out: sticking it to the customer rather than telling the Samsungs/Apples to knock it off with their $1000 phones, or promoting smaller players in the 500-700 range. Uncarrier.

 

[atlas9171]

https://pocketnow.com/t-mobile-36-month-financing-galaxy-note-9

It looks like T-mobile is finally listening to its customers. They upped the credit limit from $720 and extending EIP financing to 36 months.
Not sure of the new limits or if the 36 months apply to JOD as well.. However, the 128gb Note9 and the $999 iPhone xs are now zero down.

I can officially confirm, no changes on my down payment for JOD. THought I'd check out what my down payment would be for the Xs Max and they wanted $379 down and of course got the same bs about expensive phones.

 

[bkeaver]

The zero down and 36 month eip does not apply to JOD

 

[atlas9171]

The zero down and 36 month eip does not apply to JOD

Well aware of that. We were talking about the 0 down and the increase in amount customers could finance before down payment and if it applies to jump on demand.

 

[debdroid1a]

Would surprise me. I had to laugh at one of their commercials offering "free" phones. And by free, the fine print clarified that you had to sign up for a 2 year lease.

You may get a free phone, but really the cost is just added to your contract or agreement. In the past they didn't disclose the price of the phone, so if you've paid off the phone and kept paying after the contract, that $30 that they considered payment for the phone or whatever the amount went straight to the CEOs pocket. The payments were never lowered.

 

[debdroid1a]

Well aware of that. We were talking about the 0 down and the increase in amount customers could finance before down payment and if it applies to jump on demand.

I'm wondering IF the trade in offer for the Note 9 voids JOD. That required a long term agreement.
But maybe not. Those who traded in won't get the full value of the phone since its over the course of about 2 years. Once they use JOD, the agreement is voided. Then the trade in value is for however long they used the phone.

 

[atlas9171]

I'm wondering IF the trade in offer for the Note 9 voids JOD. That required a long term agreement.
But maybe not. Those who traded in won't get the full value of the phone since its over the course of about 2 years. Once they use JOD, the agreement is voided. Then the trade in value is for however long they used the phone.

I'm pretty sure taking that trade-in offer would have eliminated having JOD. Granted, you would need a spare phone or have the JOD phone be almost paid off to make it a worthy switch. Also, from what I understand, even having Jump and switching phones after having 50% paid off would end the bill credits. Basically it was T-Mobiles way of locking people into a contract for 2 years. I could be wrong though.

 

[Carrie Greicar]

I can't believe that anyone would finance a phone for three years.

The 128GB note 9 is still two years but the 512GB model is the one being offered for free.

I bought my Note 9 last month when it dropped to zero down. I paid it off today after my my bill was paid with the first payment due.

Not everyone has $1,000 laying around that can be put on a phone.

 

[Chex313]

Not everyone has $1,000 laying around that can be put on a phone.

I could say that I can't believe folks finance cars, but that would really be ignorant... Lol

 

[Greg Desanto]

Don't ever go for 36 months you'll loose money if you get a phone at the 2 year mark most of us get a new phone at that point