T Mobile JOD pricing

[durandetto]

Hopefully this means the era of $249 or greater down payments on these top end phones is over.

I don't think it is you just got the super duper well qualified pricing. They say they're doing us a favor charging 200 for a down payment to keep our monthly payments down. Even though most JOD customers switch phones 2 or 3 times a year and we just end up paying more on a phone that we only have for 6 to 8 months.

 

[arunma]

I don't think it is you just got the super duper well qualified pricing. They say they're doing us a favor charging 200 for a down payment to keep our monthly payments down. Even though most JOD customers switch phones 2 or 3 times a year and we just end up paying more on a phone that we only have for 6 to 8 months.

Right. If you switch phones frequently (e.g. on Samsung's upgrade cycle of twice a year), it's financially optimal to minimize your down payment and maximize your monthly bill. I'm generally a debt-free living kind of guy and avoid recurring fees. But in this case it makes sense. The more you're paying per month as a fraction of the total device cost, the more you aren't paying when you upgrade just six months into an eighteen month contract.

 

[durandetto]

TMobile acts like they're doing us a favor when in reality they're just trying to make more profit by getting more out of is up front. At this point it's not worth it to have JOD. I was hoping they would switch back to the zero down days, but that doesn't seem likely.

 

[arunma]

TMobile acts like they're doing us a favor when in reality they're just trying to make more profit by getting more out of is up front. At this point it's not worth it to have JOD. I was hoping they would switch back to the zero down days, but that doesn't seem likely.

Yeah I tend to agree. I'm pretty sure I'll be sticking with Samsung long term. Given their significant trade in offers and my intention to upgrade every six months, I'm considering just paying off my device and then ditching T-Mobile to buy their devices unlocked and pick whatever carrier is best.

 

[JHBThree]

I don't think it is you just got the super duper well qualified pricing. They say they're doing us a favor charging 200 for a down payment to keep our monthly payments down. Even though most JOD customers switch phones 2 or 3 times a year and we just end up paying more on a phone that we only have for 6 to 8 months.

I would have thought that, but the down payment for a similarly priced iPhone XS Max for me is still almost $300. It's looking (hopefully) like this year's new devices will be cheaper.

 

[SpookDroid]

I would have thought that, but the down payment for a similarly priced iPhone XS Max for me is still almost $300. It's looking (hopefully) like this year's new devices will be cheaper.

Depends on the phone. iPhones have always commanded a higher down payment. On last year's similarly-priced phone, my down payment for the iPhone was almost twice as high as the one for the S10+.

 

[SpookDroid]

TMobile acts like they're doing us a favor when in reality they're just trying to make more profit by getting more out of is up front. At this point it's not worth it to have JOD. I was hoping they would switch back to the zero down days, but that doesn't seem likely.

They are leasing the device in the end, so at these higher phone costs, the financial institution that leases them had to increase the depreciation cost upfront. Not defending them, just telling it as it is. Also, it still makes sense as long as you don't have a super-crazy down payment (which, granted, it seems they are only doing for Excellent credit holders with a TMo history).

For instance, for the Note 10+, assuming you'll upgrade when the S11 comes out, you will have paid 365 dollars for it before the new one comes out (89 down, 6 months of 46 bucks). That's the equivalent of trading in a 6-month-old-and-now-last-gen used device for 735 dollars. Try selling that on your own...

 

[JHBThree]

Depends on the phone. iPhones have always commanded a higher down payment. On last year's similarly-priced phone, my down payment for the iPhone was almost twice as high as the one for the S10+.

Well even last year the Note 9 was $199 I believe for at least part of the year. The S10+ right now is $170.

 

[spridell]

Hearing rumors on another forum that the $89 was a mistake and it is now back up to $199 even for the well qualified.

Don't know if this is true or not.

Got my Note+ yesterday for $89 down.

 

[SpookDroid]

Not true. Just tried getting another one to check and it's still showing as 89 for me.

 

[lyingfromyou]

Me and my wife have always been considered well qualified. The website and app showed $149 down yesterday, yet when I started the pre-order it was $199 + tax!

It was explained to me that the lower down payments were for a 24 month agreement, not for my current JOD program. I expressed my aggravation yet acknowledged that the rep wasn't at fault.. I know she's just following her training and pricing listed on her computer.

Ultimately I ordered anyways. At the end of the day, the down payment goes towards device payoff anyways! At least, that's how I choose to justify the ever increasing ransoms...

Long gone are the days of $0.00 down! :'(

 

[buzzy3970]

Everyone wants 0 down on leases, but the sad reality is that isn't substantial for a company to lease these 1,000+ devices to a lot of consumers for 0 upfront only for a customer to trade out after 6 months(more like 12 for a average but referring. Phones depreciate way faster than that. Carriers make money on the service(s) more so than than the phones sold. Manufacturers are increasing the price of phones and sadly that's increasing our cost of everything else(accs, insurance, etc).

 

[JHBThree]

Everyone wants 0 down on leases, but the sad reality is that isn't substantial for a company to lease these 1,000+ devices to a lot of consumers for 0 upfront only for a customer to trade out after 6 months(more like 12 for a average but referring. Phones depreciate way faster than that. Carriers make money on the service(s) more so than than the phones sold. Manufacturers are increasing the price of phones and sadly that's increasing our cost of everything else(accs, insurance, etc).

When people turn these phones in and jump T-Mobile doesn’t just lose money. They are able to resell them as refurbished or insurance stock, or send them back to Samsung. It also doesn’t change the fact that people are still making monthly payments to them, in addition to their ridiculous down payments. $89.99 is fine. $200 or more is not.

 

[buzzy3970]

When people turn these phones in and jump T-Mobile doesn’t just lose money. They are able to resell them as refurbished or insurance stock, or send them back to Samsung. It also doesn’t change the fact that people are still making monthly payments to them, in addition to their ridiculous down payments. $89.99 is fine. $200 or more is not.

Correct they are sent to the insurance company and are often used as refurbished and insurance replacements. Now think of people that upgrade every 6/12 months without trading in or paying off their phones. What sets T-Mobile apart from the rest is that you can finance multiple phones under 1 number. They are the only carrier I know that does that. With that being said just like any other type of debt some people get into it without knowing the full risk. Working for the company I've seen plenty leave T-Mobile on the hook because their bills have gotten too expensive due to device payments. Not to mention the fraud accounts that slip through the cracks. Kind of the bad apples spoiling things for the rest of us analogy.

 

[jay887]

we are listed as well qualified customers and have always paid 0 down and then when they started the deposits due to the cost of phones increasing we always had the LOWEST price. well we had not gotten another phone since the note 8 but decided to go for the note 10 plus through TMobile and still show as well qualified but they wanted $300 for each line. The rep was also confused so he checked around and had different departments research this and try to figure out the issue because our down payment shouldn't have been that high. The rep called me back 30 minutes later and apparently there is a new tier called "super well qualified".

At that point I wasn't going to fight with it and decided to to hop, skip, and jump back to Verizon and we got 4 lines for what we pay at TMobile for 3 lines (we aren't paying on any phones at TMobile) and got two note 10 plus, a free phone, and an iPhone for $5 and everything was ZERO down.

The excuse TMobile gave was not enough for me but like I said it wasn't worth fighting with them on...we just switched and even the rep understood and said he would have likely switched as well from a consumer stand point.

 

[lyingfromyou]

When people turn these phones in and jump T-Mobile doesn’t just lose money. They are able to resell them as refurbished or insurance stock, or send them back to Samsung. It also doesn’t change the fact that people are still making monthly payments to them, in addition to their ridiculous down payments. $89.99 is fine. $200 or more is not.

What difference does the down-payment make? 100% goes towards device payoff..

The issue is whether you're willing to pay that much up front or wait for the phone to drop in price for a better scenario..

My only gripe is that I switched carriers because of the advertised JOD program and selling points. It suited my wants and needs. Like always, things changed. Whatever the reason is a different conversation.. It is what it is.

 

[buzzy3970]

What difference does the down-payment make? 100% goes towards device payoff..

The issue is whether you're willing to pay that much up front or wait for the phone to drop in price for a better scenario..

My only gripe is that I switched carriers because of the advertised JOD program and selling points. It suited my wants and needs. Like always, things changed. Whatever the reason is a different conversation.. It is what it is.

Makes a difference when you jump. The more you pay up front is the more you've paid on leasing the device. Paying 200 up front and 35 a month for 6 months is is 410 vs paying 0 up front for 6 months and only spending 240 on leasing the devices. Of course these are just examples, but it's always a smarter move to pay as less as possible upfront if you don't care to own the device in the long run.

 

[JHBThree]

Makes a difference when you jump. The more you pay up front is the more you've paid on leasing the device. Paying 200 up front and 35 a month for 6 months is is 410 vs paying 0 up front for 6 months and only spending 240 on leasing the devices. Of course these are just examples, but it's always a smarter move to pay as less as possible upfront if you don't care to own the device in the long run.

That’s what made Jump so attractive originally. It makes no sense to put down $249 on a device plus monthly payments if you’re just going to jump. In the last couple of years they’ve been basically removing everything that made Jump worthwhile.

 

[buzzy3970]

That’s what made Jump so attractive originally. It makes no sense to put down $249 on a device plus monthly payments if you’re just going to jump. In the last couple of years they’ve been basically removing everything that made Jump worthwhile.

Yea the original jump will always be my favorite even over the jod option.

 

[jackjack1969]

$379 down is what I'm being asked for. My credit is ok and I've been with T-Mobile for 6 years.