T-Mobile's New 'Jump On Demand' Lease Program Allows Up to 3 Smartphone Upgrades Per Year

[MacRumors]

T-Mobile today introduced a new Jump on Demand smartphone trade-in program that enables customers to upgrade their smartphone up to three times per year with no fees or waiting times. The new program provides customers with a new smartphone with $0 due at signing in return for 18 monthly payments alongside the standard cost of a service plan. The smartphone can then be upgraded up to 3 times in a 12-month period at no cost.

"With Jump! On Demand, you make payments on your phone for 18 months. After 18 months, you can simply turn in your phone with nothing more to pay, or upgrade to your next new phone and start a new plan, or make a final payment and keep your phone. If you keep your phone and make the final payment, the total of your payments will equal the retail price of the phone. In addition, customers can pay off their JUMP! On Demand plan at any time by paying the remaining payments in advance, and keep their phone without penalty."

Customers that cancel their T-Mobile wireless service in less than 18 months must pay the sum of their final monthly payments and return the working smartphone, or purchase the smartphone outright for a fee, such as $164 for the iPhone 6. Jump on Demand will be available for eligible devices at participating T-Mobile stores in the United States beginning Sunday, June 28.

NSFW Warning: Language may not be suitable for all audiences​

T-Mobile is offering the iPhone 6 and iPhone 6 Plus through Jump On Demand for just $15 and $19 per month respectively for a limited time, prices that are unmatched by competing carriers. T-Mobile customers interested in the deal can sign up to receive updates about Jump On Demand through the carrier's website.

Article Link: T-Mobile's New 'Jump On Demand' Lease Program Allows Up to 3 Smartphone Upgrades Per Year

 

[boshii]

Never cared about jump.

I'd rather buy and resell than lease.

 

[Andres Cantu]

I have some questions before I run to the store and sign-up:

First, what kind of smartphone do I have to trade-in in order to qualify? Can it be a really cheap smartphone from a prepaid carrier?
Second, what does the "after bill credit" in pay $15/month after bill credit mean?
Third, if I use my upgrade on September (and essentially would have paid only $45 for the three months I would have used the iPhone 6), how much per month would I have to pay for the iPhone 6s? $20, $25, $30?

 

[nouveau-apple]

I'll be JUMP!'ing on this, right now!

 

[currocj]

I have some questions before I run to the store and sign-up:

First, what kind of smartphone do I have to trade-in in order to qualify? Can it be a really cheap smartphone from a prepaid carrier?
Second, what does the "after bill credit" in pay $15/month after bill credit mean?
Third, if I use my upgrade on September (and essentially would have paid only $45 for the three months I would have used the iPhone 6), how much per month would I have to pay for the iPhone 6s? $20, $25, $30?

Exactly, can I buy a $20 prepaid phone on the way to T-Mobile and qualify for the trade in requirement?

 

[BeSweeet]

Never cared about jump.

I'd rather buy and resell than lease.

That'll cost a lot more in the end?

 

[tigres]

I wish AT&T would fire Ralph, and hire John.

 

[-Shock-]

So- how does this change a current jump customer? Today I pay:

• My plan cost (separate)
• The monthly cost of my phone lease- iphone 6 ~ $27 bucks a month for 24 months
• $10 for jump (insurance plus upgrade -bility)

Are they saying instead, I can pay an increased monthly lease cost of around $50 (shorter term of 18 months), no $10 fee, and get to upgrade 3 times a year?

 

[macconservative]

I think that this is good for everyone that wants to always be on the newest phone

 

[BeSweeet]

So- how does this change a current jump customer? Today I pay:

• My plan cost (separate)
• The monthly cost of my phone lease- iphone 6 ~ $23 bucks a month
• $10 for jump (insurance plus upgrade -bility)

Are they saying instead, I can pay an increased monthly lease cost of around $50 (shorter term of 18 months), no $10 fee, and get to upgrade 3 times a year?

Where'd you get $50 from? It would just be $15 (+$8 if you want insurance) per month.

 

[-Shock-]

Where'd you get $50 from? It would just be $15 (+$8 if you want insurance) per month.

The video at 2:00- cant tell if he's saying 50 or 15


Edit- site clearly says 15 but this looks like a promotion and there is an "amount" that is eliminated by "bill credits" from the promotion.

 

[v871305]

So- how does this change a current jump customer? Today I pay:

• My plan cost (separate)
• The monthly cost of my phone lease- iphone 6 ~ $27 bucks a month for 24 months
• $10 for jump (insurance plus upgrade -bility)

Are they saying instead, I can pay an increased monthly lease cost of around $50 (shorter term of 18 months), no $10 fee, and get to upgrade 3 times a year?

From what I understand - it should work like this (I'm on the first gen Jump plan - every 6 months). I pay the following:
- My plan - $50 for unlimited everything
- JUMP fee - $10 (plus tax upfront during every Jump upgrade)
- Phone financing - ~$30

If I jumped on the new plan I would pay
- My plan - $50 for unlimited everything
- Phone leasing fee - $15 (for the iPhone 6)

AND the ability to upgrade 3 times a year with no tax upfront? Looks like no brainer to me. Unless I'm missing something?

 

[BeSweeet]

The video at 2:00- cant tell if he's saying 50 or 15


Edit- site clearly says 15 but this looks like a promotion and there is an "amount" that is eliminated by "bill credits" from the promotion.

I can't imagine the iPhone 6 being $15/mo. for long, though I don't see On Demand being temporary.

I'm not sure how the bill credits portion works. Terms: "$15/mo for 18-mo lease via monthly bill credits over 18 mos."

 

[neuropsychguy]

The iPhone 6 is a great deal (if you qualify). You have to trade in a smartphone and T-Mobile hasn't said what qualifies yet but if you get in on the limited time $15/month, you can get the iPhone for $434 total ("rent" for 18 months and then buy it for $164) and own it outright.

 

[Satan991]

Goodbye, landfills...

 

[BeSweeet]

The iPhone 6 is a great deal (if you qualify). You have to trade in a smartphone and T-Mobile hasn't said what qualifies yet but if you get in on the limited time $15/month, you can get the iPhone for $434 total ("rent" for 18 months and then buy it for $164) and own it outright.

Where'd you get the $434 total from?

 

[Satan991]

Or maybe I should say "goodbye water quality in the Democratic Republic of Congo".

 

[v871305]

Where'd you get the $434 total from?

$434 sounds right to me.

$15 x 18mths + $164 = $434 final fee to own it outright.

 

[BeSweeet]

$434 sounds right to me.

$15 x 18mths + $164 = $434 final fee to own it outright.

Where'd the $164 come from? You're paying $270, leaving $379.92 of the $649.92 total left. I'm not seeing how this is saving any money for those who wish to keep the device and pay for it full.

 

[v871305]

Where'd the $164 come from? You're paying $270, leaving $379.92 of the $649.92 total left. I'm not seeing how this is saving any money for those who wish to keep the device and pay for it full.

"Customers that cancel their T-Mobile wireless service in less than 18 months must pay the sum of their final monthly payments and return the working smartphone, or purchase the smartphone outright for a fee, such as $164 for the iPhone 6. Jump on Demand will be available for eligible devices at participating T-Mobile stores in the United States beginning Sunday, June 28."

Thats just for the iPhone 6 promo. I'm sure the other phones will have a higher fee/monthly price.

EDIT: If its NOT the iPhone 6 promo, it might not turn out to be the best deal for those who want to own it outright (I don't know details of any other phones on the new Jump), but if the total price at the end is the same price as paying retail (I doubt it), its the same as buying it outright now.

I'll prob be jumping on this though (depending on what the prices for other phones are). Having a new flagship phone + unlimited everything for ~75/mth every 4 months is worth it in my book.

 

[BeSweeet]

"Customers that cancel their T-Mobile wireless service in less than 18 months must pay the sum of their final monthly payments and return the working smartphone, or purchase the smartphone outright for a fee, such as $164 for the iPhone 6. Jump on Demand will be available for eligible devices at participating T-Mobile stores in the United States beginning Sunday, June 28."

Thats just for the iPhone 6 promo. I'm sure the other phones will have a higher fee/monthly price.

But that's if you want to ditch T-Mobile altogether... Not sure who would go all that trouble to save a couple hundred bucks for a smartphone.

 

[v871305]

But that's if you want to ditch T-Mobile altogether... Not sure who would go all that trouble to save a couple hundred bucks for a smartphone.

I think you can just finish the final payment, keep the phone and keep your plan with T-Mo - its essentially the same as the current Jump plan (Terms and conditions seems the same - other than the "leasing vs financing" bit)

"With Jump! On Demand, you make payments on your phone for 18 months. After 18 months, you can simply turn in your phone with nothing more to pay, or upgrade to your next new phone and start a new plan, or make a final payment and keep your phone."

 

[talmy]

Based on the length of this thread and the confusion over the value of this deal, it seems to me to be very "carrier" of T-Mobile. What ever happened to buy the phone and pay for the service? Now that's "un-carrier"!

 

[neuropsychguy]

Where'd the $164 come from? You're paying $270, leaving $379.92 of the $649.92 total left. I'm not seeing how this is saving any money for those who wish to keep the device and pay for it full.

This is a special promo T-Mobile is running for the 16GB iPhone 6. Most people won't purchase the phone outright after 18 months but some will. For those few (could be a lot but in 18 months the iPhone 7 should be out and T-Mobile is counting on people to want the newest rather than purchase the 'old'), T-Mobile basically subsidizes the cost by about $200.

"$0 down at signing + $15/mo for 18 mo. lease O.A.C. If you cancel wireless service, remaining lease payments become due. Device must be returned in good condition or purchase option exercised ($164 for iPhone 6 offer) at cancellation or after 18 mos. Qual’g service, eligible device trade-in & upgrade req’d. No device security deposit. Monthly taxes additional."

15*18 + 164 = $434. T-Mobile also pays the taxes on the phone but not the plan. Other "superphones" (T-Mobile's words) do not have prices as good as that.

 

[BeSweeet]

Ah, makes sense now. I didn't see the "or after 18 mos" part anywhere before. Now how do you know what the deals are for the other phones?