I wanted to see if this sounds like a good deal. T-mobile just started a new Jump On-Demand where you can lease an iPhone 6 for only $15 a month & No money down for those with good credit. Just pay $15 a month and you can simply turn in the phone at any time and upgrade (with a new lease plan obviously) up to 3x a year. Sounds like a good plan for those that like to have the latest device at all times?
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Carrier T-Mobile on Demand New Program - no brainer?
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I sold my unlocked iPhone 5s for $250 (I know, I could have sold it for a bit more, but it didn't take me long to find a buyer), which is more or less what I'm gonna pay for leasing the iPhone 6 for 15 months ($15 + tax x 15 months) and then jumping to the iPhone 7.
I don't mind paying a bit more to have the latest phone every year after that because I don't have to deal with the hassle of finding a good buyer willing to pay a good price for a two year old phone.
I don't mind paying a bit more to have the latest phone every year after that because I don't have to deal with the hassle of finding a good buyer willing to pay a good price for a two year old phone.
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Just so you understand, that $15 price is only for the 16GB model iPhone 6. If you're cool with that then go for it. Here's the list of eligible phones: http://newsroom.t-mobile.com/content/1020/files/NewJumpOnDemandFactSheet.pdf
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You can, but I believe only the 16GB iPhones qualify for the $15 and $19 per month promotion.
I prefer buying my phones outright and actually own them, so this wouldn't be good for me. Plus, if you can't get a 64/128 GB phone, then I'm definitely out. I'll stick to my T-Mobile Prepaid $30 plan.
I think it's a heck of a deal. Even if you don't jump to a new phone, $15/month is supercheap for an iPhone lease. AND the small print states that you're actually paying the phone down so if you decide you want to own it, you just pay the difference and it's yours. Seems a win-win to me.
http://newsroom.t-mobile.com/content/1020/files/NewJumpOnDemandFactSheet.pdf
It doesn't look like the larger capacities are available for the promotion yet.
From my understanding you only pay when you JUMP. I haven't read much into it though...
No, it's a $15/month plan to be able to jump up to 3x/year.
No. With Jump OnDemand there is no "Jump service fee."
All you pay is the lease payment for your phone.
The following gives a good explanation on how it all works:
http://www.droid-life.com/2015/06/25/t-mobile-jump-on-demand-phones-pricing/
I don't usually like the lease plans but at $15 a month--that's actually cheaper than buying it. Unless I'm missing some pertinent detail.
The only detail is that after 2 years you have to lay the difference between what the phone actually costs and what you've paid. So, the iPhone 6 would cost an additional $160 or something like that. T-Mobile isn't going to lease it for less than it's worth.
Only issue I can see is that you are stuck to T-Mobile service
You guys seem to forget that this is just a promo pricing, and requires a smartphone to be traded in to get the $15 monthly lease. It's unlikely this will be a permanent promotion, so the price in the future will likely be ~$30 like the S6 and other high end phones are.