Deal DetailsLast Edited by cricket702 July 28, 2015 at 11:24 AM
Now for a limited time, get an amazing price on iPhone 6 for $0 up front and just $15 per month when you trade in any smartphone. Or choose iPhone 6+ for $0 up front and just $19 per month.
Sign up today and we’ll guarantee today’s great price when you upgrade to your next iPhone later this year.
T-Mobile's JUMP On-Demand program is simple math and gives the customer flexibility:
Some customers like switching phones to the latest-and-greatest every year (or less). Those people can essentially continue "renting" phones from T-Mobile and give it back when they want to get a new one (up to 3 times per year). They never have to worry about waiting for their 2-year contract to end to get another subsidized device (since T-Mobile doesn't have contracts), and they never have to pay full-price for a phone up-front and deal with eBaying it to get a better phone later. If they are worried about taking care of their phone, they can purchase $10/mo insurance to cover any damage they may do to the phone (so they won't get penalized for damage when they turn in their phone for a new one).
Other customers like to keep their phones longer. With JUMP On Demand, they are able to break down their phone purchase price from one lump sum to monthly payments for 18 months (with the balance at the end). If at any time during the 18 months they choose to switch phones because they don't like the current one they have for any reason... they can (think of it as an extended test drive). If they choose to keep it at the end of 18 months, they just pay the balance due (which is just the full price of the phone at time of purchase minus all the monthly payments)... essentially you're getting a 0% interest "loan" for your phone for 18 months.
And regarding this iPhone 6/6+ deal, YES you do essentially save $216 off your iPhone 6/6+ if you keep your phone after 18 months and pay it off. If you choose to return it, then you would have saved $12/mo on your phone payments for this device.
I made this chart so you could see what would happen if you were to cancel your plan -- the rest of the payments on the phone would be due.
However, you would have received X amount of credit during that time.
For example, let's say you want the iPhone 6 or 6S @ $650, and you have to cancel @ 12 months.
You would have paid $180 thus far. You would have received $144 worth of credits.
However, since you are canceling, you have to pay the rest of what's owed, which would be $650 - $180 (your payments) - $144 (12 months of credit) = $326.
After 12 months, you would have actually purchased the phone for ($180+$326) = $506 (+ tax)
Also, the 3rd column (promo credits given) is technically the amount you saved over buying the phone @ retail price, which in this case is $144.
So at the end of 18 months, you would have paid $270 to lease the phone.
You would have received $216 worth of credits.
At this point, you can return the phone, or pay an additional ($650 - $270 - $216) = $164 (+ tax) to keep the phone.
After 18 months, the total purchase price of the phone would actually be ($270+$164) = $434 (+ tax).
In the end, you saved $216 (over retail price) by staying with T-Mobile over the course of 18 months and paying for the phone at the end.
EXAMPLE CALCULATION (iPhone 6+ 16GB):
$19 + $12 credit = $31 (one month's payment)
$31 x 18 months = $558 (what you "paid" so far for the iPhone 6+)
$19 x 18 = $342 (what you actually paid so far for the iPhone 6+)
$12 x 18 = $216 (credits given to you for the 18 months for the iPhone 6+)
T-mobile retail price - $558 + whatever taxes are required = REMAINING PAYMENT TO KEEP PHONE
So assuming you get the 16GB version:
$750 (iPhone 6+ 16GB) - $558 = $192 + taxes to keep phone
$342 + $192 = $534 (actual price paid to keep phone, with $216 savings over retail)
Quote from animaletamer :DISAGREE You did not save $12/mo on phone payments for the device. That's what they want you to think. If you return the phone at the end of 18 months, you paid $270 to $340 for the phone that you did not get to keep. How is that really better than buying a new phone with other normal promos that give $200 discount, trade-in, gift card, etc.? If you catch a decent promo, you can get one with $200-300 less anyway, and you'll get to keep the phone. If you treat it well and sell it in a mint condition when 6s comes out, you'll essentially get your money back, which means, you used the phone for 12 months "FOR ALMOST FREE" instead of paying a monthly fee that builds up. Sure, you get the upgrade options, but who really practically upgrades their phones three times a year, especially when they already have the top of the line phone? Don't be fooled by this promo. It's not saving you money.
Quote from Brooklynite :Why would you pay full MSRP plus $100 for iPhone?
T-Mobile also announced that customers who purchase an iPhone 6 for $15 per month through the JUMP! On Demand trade-in program will be automatically eligible to receive a free upgrade to the next iPhone -- the so-called "iPhone 6s" -- when it is released, with the $15 monthly promotional price carrying over to the new smartphone.
-credit to "tgenius"
If you buy iPhone 6 - 64GB now, you have to pay $100 more now. If you upgrade it to iPhone 6s - 64GB, you have to pay $100 again. So, to get best deal, better buy iPhone 6 - 16GB now and upgrade it to iPhone 6s - 64GB/124GB later.
for those looking for the $12 credit in writing found in your contract. thanks poster JonathanD:
Had some free time, so here is the terms and conditions for the promotion from the leasing paperwork.
By leasing any model of an iPhone 6 (including an iPhone 6 Plus), and participating in the iPhone 6 Promotion, you will receive up to 18 monthly bill credits of $12 for as long as you continue to lease the iPhone 6 under the JUMP! Lease Agreement and maintain wireless service for the iPhone 6.
You will also continue to receive a bill credit if you exercise your JUMP! upgrade option described below prior to December 31, 2015 to lease any other eligible iPhone 6 model or a successor model to the iPhone 6 and maintain wireless service for the device.
If you exercise your JUMP! upgrade option and lease a qualifying iPhone from us, we may adjust the amount of your monthly bill credit such that your monthly lease payment for a standard-model device is $15.00 and your monthly lease payment for a Plus-model device is $19.00, in each case plus any applicable taxes.
Notwithstanding anything else set forth in the JUMP! Lease agreement, if you no longer lease the iPhone 6 or successor device under a JUMP! Lease agreement for any reason or fail to maintain any active T-Mobile wireless service plan for the iPhone 6 or successor device, you will no longer receive any bill credit and may be subject to the terms, as applicable, of the "Early Termination" or "Wireless Service" section set forth in this lease or similar terms set forth in a successor JUMP! Lease agreement. See www.T-Mobile.com for more information, including additional terms and conditions applicable to the iPhone 6 Promotion