http://www.t-mobile.com/offer/apple-iphone-deals.html Allright, I am still a bit confused by the trade-in process. Placing the order online and selecting the EIP for the iPhone 7 was the easy part. But I want to make sure I am following the process correctly and have the proper expectation for my monthly billing over the next 24 months. In my case, I am trading in a Verizon iPhone 6 64gb device. I ordered an iPhone 7 128gb device which was $750 + $60 tax. Paid the $160 up front when I placed the order and am on the hook for the remaining $650 over 24 months (averages to about $27.08/mo). Per the T-Mobile site, the trade-in value for the iPhone 6 comes up as $165. My understanding is, once I receive the 7, I will receive info to send in the 6. I will then in the next statement receive a lump credit of $165 for the trade-in. On top of that, for the next 24 months, I will receive a $20.21 credit (basically $485/24) each month. So, instead of paying $27.08/mo, I will have to pay $6.87 (basically the $165/24) per month for 24 months. Bottom line: 1.) I'll get a lump credit for $165 applied to my next bill. 2.) I'll have to pay and extra $165/24 per month over the next 24 bills. It all comes out accurate so in the end the iPhone 6 was effectively traded in for $650 (which is great). But I wanted to see if this calculation is what everyone else is understanding as well. I do not think it is just a zero payment for the next 24 months on top of my service. Thanks.