T-Mobile - JUMP On Demand .... Is it worth it? or a Ripe off?
So this is the first time I've ever been with T-mobile and they have their Jump Program....
(Device Leasing & Phone Upgrade in one plan)
I bought the iPhone 6 plus (64GB) last year (September 2015)for my Mom and Dad...
And there was a promotion going on that sounded like a sweet deal... We traded in our old smartphone (Samsung Galaxy S4; or any other smartphone qualified for their promotion offer)
You pay 18-24 months installment for the device.... most of the new phone comes out to about $30 per month... (but with the promo we paid less, they credit $12 per month, so $18/18 months we thought...not a bad deal; but it's more like $20 per month; still considered cheaper for the iPhone6 plus at the time.
(Mental Math in thought...$360+100Trade Value+$108.87down payment = $568.87.)
Realistically; including Lump sum $212.70 payout... Phone= $781.57
From: http://pocketnow.com/2015/09/23/t-mobile-five-dollar-iphone-6s
Here's the stuff they didn't tell us when signing up for Jump on Demand ....making it sound all easy peasy...when it's not.
*****You must have paid 50% of your lease for the Phone, before they will let you jump to a new device that might be releasing soon, that or you pay the difference in advance...(And you still have to trade in the phone you've already half paid)
*****And at the end of the lease....just when you think you pay 18 months of monthly fees, you are done...there's a $200 something lump sum cost to buyout the lease, to actually own your phone that you've been paying this whole time....~_~"
Here's my actually bill that I'm currently getting every month...and details on cost from the leasing contract I signed.
*Original down payment when signing up: $99+ NY Tax= $108.87
*At the end of lease term, lump sum for the iPhone6 Plus = $212.70
*Monthly Jump on Demand with Phone EIP = $29.85(Not counting all their taxes and fees)
*NY Assurant PHP w/Lockout Mobile Security Tier 4-5 = $12(Not counting all their taxes and fees)
It says in this 18Months Lease the total sum you will have paid at the end of lease =$1387.69 ($693.845 Each Phone)
EIP =Written on the lease $584.98
Apple Charges $749 pre tax today ....
With Tax $66.47 = $815.47 ( 10 months after I org. bought it...Apple still charges this much.)
Right now, the T-Mobile Promotion is for the upcoming Samsung Note 7(Pre-Order promotion ends 9-18-2016)
Source: https://promos.samsungpromotions.com/galaxyoffer/en-us/EnterTmobile
Now let's see if it's really worth it.... on sight, my brain says it is....since I see freebies are coming with it, so it won't make my half paid off phone get traded in, in vain; or for me to lose the value I've already contributed.
YOU ONLY GET TO PICK 1 (Don't let the picture fool you.)
******A year of Netflix($119.88 value for a year)...currently $9.99 Monthly for the Standard Option. They didn't offer Premium Option which would be $143.88 annually; FYI.
******Samsung 256GB Memory Card ($249.99 value, or so they suggest...)
But if you shop online wisely you will find it for cheaper than the full Best Buy retail rate suggested.
Or buy 2 smaller 128GB cards to add up to that size and it would still be less than half of what that price suggests. (and you'd still save $80)
******Samsung Gear Fit2 (Suggested value $179.99 for small or large sized watch)
Colors: Black / Blue / Pink
Once again, if you shop online wisely you will find it for cheaper than the full Best Buy retail rate suggested.But for this watch not too much cheaper comparing to the memory card. So this one so far seems like the best in value.
The quick search I just did, found a listing on eBay for $137.78 vs. a known reputable physical store $162.22 (after taxes)
Called T-mobile, spoke with a rep.(Chris) 8-14-2016_12:25AM EST Call Concluded :
So here's what I was told, he was advised by his supervisor for me to find out the information for Jump on Demand (JOD) in the T-Mobile retail stores.
They only have information for JUMP, even though it's the same company...on the same system.....
For JUMP: Same promotion applies
Pay the remaining balance off current device and current retail for Samsung Note 7 is $850
Down payment $480 required and $15.35/ for 24 months ($368.40)
JUMP (Pay 24 months to own) and not Jump on Demand (18 months lease)
8-14-2016 Afternoon @ T-Mobile Retail Store; Rep: Jaileene
So JOD, trading in one iPhone6 Plus for Samsung Note 7 (64gb)
The expected delivery date: Aug.18 or 19th.
$40.83 (with taxes) / Monthly Payment - 18 Months
Lump Sum $174.99 for buyout
But to my surprise, there was another combinable in-store promotion.
Buy a Samsung Smartphone & get a Free Samsung Galaxy Tab E (Retail Value $270+ $20tax)
(8"/16GB/ Black/Tablet: SM-T377T)
So this made it a sweeter deal....but here's the other shoe dropping...
Must buy a new Sim card, activation fee $20 + tax
And then monthly 2GB, 4G lite data plan $10/Monthly for 24 Months required !
(All info. as per Rep. in Flushing, NY Retail Store, besides below from T-Mobile Site)
http://www.t-mobile.com/offer/samsung-phone-deals.html
--Samsung offer: Limited time offer; subject to change. Buy a Samsung Galaxy S6/edge/edge+, S7/edge, Note 5 or Note 7 and a Tab E or a Tab A and get the FRP of the Tab E ($239.99) or the Tab A ($319.99) back via bill credits. Full tax on both devices due at sale. Qualifying credit, 24 mo. finance agreements, and postpaid service required (2GB MI plan on tablet). Devices purchased on same day/account. Must be active and in good standing when credit is applied. 1st credit may not appear until 2nd bill cycle.
More reading material to understand the (JOD) Program
The Perfect Explanation for this Program's Concept....which even their own Reps. used
""This concept is pretty much like leasing a car. You sign up for a certain length of time, pay a certain monthly fee, and at the end (if the car is in good condition), you give it back to the dealer, then turn around and lease another car. Car dealers love it because it guarantees them a constant income stream. Customers love it because they always have a “new” car. Dave Ramsey hates it because it’s expensive in the long-run and you never really “own” anything.""
From: http://pocketnow.com/2015/07/02/t-mobile-jump-on-demand
----
Another good link to study the difference..
https://www.whistleout.com/CellPhones/Guides/should-you-get-t-mobile-jump
""There’s no obligation to stay with JUMP! once you’ve signed on, and you can cancel the service at any time and continue with your T-Mobile plan as normal. However, you won’t be able to re-enroll until you purchase a new device.
http://www.droid-life.com/2015/07/02/t-mobiles-jump-on-demand-leasing-program-how-it-actually-works/
(Device Leasing & Phone Upgrade in one plan)
I bought the iPhone 6 plus (64GB) last year (September 2015)for my Mom and Dad...
And there was a promotion going on that sounded like a sweet deal... We traded in our old smartphone (Samsung Galaxy S4; or any other smartphone qualified for their promotion offer)
You pay 18-24 months installment for the device.... most of the new phone comes out to about $30 per month... (but with the promo we paid less, they credit $12 per month, so $18/18 months we thought...not a bad deal; but it's more like $20 per month; still considered cheaper for the iPhone6 plus at the time.
(Mental Math in thought...$360+100Trade Value+$108.87down payment = $568.87.)
Realistically; including Lump sum $212.70 payout... Phone= $781.57
Here's the stuff they didn't tell us when signing up for Jump on Demand ....making it sound all easy peasy...when it's not.
*****You must have paid 50% of your lease for the Phone, before they will let you jump to a new device that might be releasing soon, that or you pay the difference in advance...(And you still have to trade in the phone you've already half paid)
*****And at the end of the lease....just when you think you pay 18 months of monthly fees, you are done...there's a $200 something lump sum cost to buyout the lease, to actually own your phone that you've been paying this whole time....~_~"
Here's my actually bill that I'm currently getting every month...and details on cost from the leasing contract I signed.
*Original down payment when signing up: $99+ NY Tax= $108.87
*At the end of lease term, lump sum for the iPhone6 Plus = $212.70
*Monthly Jump on Demand with Phone EIP = $29.85(Not counting all their taxes and fees)
*NY Assurant PHP w/Lockout Mobile Security Tier 4-5 = $12(Not counting all their taxes and fees)
It says in this 18Months Lease the total sum you will have paid at the end of lease =$1387.69 ($693.845 Each Phone)
EIP =Written on the lease $584.98
Apple Charges $749 pre tax today ....
With Tax $66.47 = $815.47 ( 10 months after I org. bought it...Apple still charges this much.)
Right now, the T-Mobile Promotion is for the upcoming Samsung Note 7(Pre-Order promotion ends 9-18-2016)
Source: https://promos.samsungpromotions.com/galaxyoffer/en-us/EnterTmobile
Now let's see if it's really worth it.... on sight, my brain says it is....since I see freebies are coming with it, so it won't make my half paid off phone get traded in, in vain; or for me to lose the value I've already contributed.
YOU ONLY GET TO PICK 1 (Don't let the picture fool you.)
******A year of Netflix($119.88 value for a year)...currently $9.99 Monthly for the Standard Option. They didn't offer Premium Option which would be $143.88 annually; FYI.
But if you shop online wisely you will find it for cheaper than the full Best Buy retail rate suggested.
Or buy 2 smaller 128GB cards to add up to that size and it would still be less than half of what that price suggests. (and you'd still save $80)
******Samsung Gear Fit2 (Suggested value $179.99 for small or large sized watch)
Colors: Black / Blue / Pink
Once again, if you shop online wisely you will find it for cheaper than the full Best Buy retail rate suggested.But for this watch not too much cheaper comparing to the memory card. So this one so far seems like the best in value.
The quick search I just did, found a listing on eBay for $137.78 vs. a known reputable physical store $162.22 (after taxes)
Called T-mobile, spoke with a rep.(Chris) 8-14-2016_12:25AM EST Call Concluded :
So here's what I was told, he was advised by his supervisor for me to find out the information for Jump on Demand (JOD) in the T-Mobile retail stores.
They only have information for JUMP, even though it's the same company...on the same system.....
For JUMP: Same promotion applies
Pay the remaining balance off current device and current retail for Samsung Note 7 is $850
Down payment $480 required and $15.35/ for 24 months ($368.40)
JUMP (Pay 24 months to own) and not Jump on Demand (18 months lease)
8-14-2016 Afternoon @ T-Mobile Retail Store; Rep: Jaileene
So JOD, trading in one iPhone6 Plus for Samsung Note 7 (64gb)
The expected delivery date: Aug.18 or 19th.
$40.83 (with taxes) / Monthly Payment - 18 Months
Lump Sum $174.99 for buyout
But to my surprise, there was another combinable in-store promotion.
Buy a Samsung Smartphone & get a Free Samsung Galaxy Tab E (Retail Value $270+ $20tax)
(8"/16GB/ Black/Tablet: SM-T377T)
So this made it a sweeter deal....but here's the other shoe dropping...
Must buy a new Sim card, activation fee $20 + tax
And then monthly 2GB, 4G lite data plan $10/Monthly for 24 Months required !
(All info. as per Rep. in Flushing, NY Retail Store, besides below from T-Mobile Site)
http://www.t-mobile.com/offer/samsung-phone-deals.html
--Samsung offer: Limited time offer; subject to change. Buy a Samsung Galaxy S6/edge/edge+, S7/edge, Note 5 or Note 7 and a Tab E or a Tab A and get the FRP of the Tab E ($239.99) or the Tab A ($319.99) back via bill credits. Full tax on both devices due at sale. Qualifying credit, 24 mo. finance agreements, and postpaid service required (2GB MI plan on tablet). Devices purchased on same day/account. Must be active and in good standing when credit is applied. 1st credit may not appear until 2nd bill cycle.
Limited time offers; subject to change. Taxes & fees addl. General Terms: At participating locations. Credit approval, deposit, qual’g service, and $20 SIM Starter Kit may be req’d. Equipment Installment Plan: Availability & amount of EIP financing subject to credit approval. Down payment & unfinanced portion required at purchase. Balance paid in monthly installments. Must remain on qual’g service in good standing for duration of EIP agreement. Taxes & late/non-payment fees may apply. Participating locations only. Example(s) shown reflects the down payment & monthly payments of our most creditworthy customers; amounts for others will vary. Pricing applicable to single device purchase. Samsung, Galaxy S, and Galaxy Note are all registered trademarks of Samsung Electronics Co., Ltd.
------------------------------------------------------------More reading material to understand the (JOD) Program
The Perfect Explanation for this Program's Concept....which even their own Reps. used
""This concept is pretty much like leasing a car. You sign up for a certain length of time, pay a certain monthly fee, and at the end (if the car is in good condition), you give it back to the dealer, then turn around and lease another car. Car dealers love it because it guarantees them a constant income stream. Customers love it because they always have a “new” car. Dave Ramsey hates it because it’s expensive in the long-run and you never really “own” anything.""
From: http://pocketnow.com/2015/07/02/t-mobile-jump-on-demand
----
Another good link to study the difference..
https://www.whistleout.com/CellPhones/Guides/should-you-get-t-mobile-jump
""There’s no obligation to stay with JUMP! once you’ve signed on, and you can cancel the service at any time and continue with your T-Mobile plan as normal. However, you won’t be able to re-enroll until you purchase a new device.
JUMP! is available to all new and existing customers on Simple Choice and Simple Starter plans within 14 days of purchase of a new T-Mobile phone.""
--- This guy explained it better than the rep. at the T-mobile store...http://www.droid-life.com/2015/07/02/t-mobiles-jump-on-demand-leasing-program-how-it-actually-works/
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