Forum Discussion
Device Trade in Finance vs. Payoff
I'm on the new Magenta Max plan. If I trade in my son's device it gives me a credit of $400 when it's financed, however, if I want to pay in full and trade it in, it only offers me $100, why? Also, ...
Mitch581 wrote:Okay, so I called T-Mobile this evening and got the lowdown on payments and early payoff.
If you buy one of the new phones and want to pay it off early, you can, however you need to wait at least two billing cycles for the first credit to show up. Once that hits your account you can pay off your phone and the monthly credits will continue.
Now, with that being said, she did state that my phone will still remain locked for t24 months and can be unlocked after that.
That's interesting and different from Verizon, where once you pay off the device, any credits you receive stop. On the other hand, once you pay off the device early, you only need to wait 60 days for unlocking
