Jump On Demand Lease
Anyone have experience with jump on demand lease, and T-Mobile seeming to want to get people off that program? Every year my wife and I just turn in our iPhones for new model, with small down payment, but this year they are saying it's over $400 down. So should we pay off lease and get into new purchase plan (which seems like only best option), and what plan if we do want to upgrade each year?
Better options for JOD
First off, where's the suggestion section? This is neither a question or a conversation. Anyway, let's get into it. We need better options for JOD. I'm not sure what happens with traded or returned phones but paying all but $750 of a phone is not a good option with the way pricing of the phones are going. That was nice when phones were $600 and under. Now you can't get a flagship phone for under $700 ($699) and with phones like the Folds that cost $1800, it's unrealistic to expect someone to put down $1050 + tax and upgrade fee. First off Google, what are you thinking? I know you're trying to stay priced with Samsung BUT for $1800 this should've at least been the Pixel 7 Pro Fold. You can't only add a fold feature and double the price. I'm not getting double the phone, the specs aren't even the same and the phone isn't 2x the size. Back to you T-Mobile. I would suggest a payment that will put the phone at $750 for financing OR 20% of the phone down as an option. I would also suggest NOT paying taxes on a phone you most likely won't keep because they payment schedule is for 18 months which will leave a "lease balance" at the end anyway. Here's my suggestion: Pay down phone to $750 or 20% of phone (whichever is cheapest). Pay off 60% of phone over 18 months or (80%). Keep the phone by paying off the lease option of the remaining 20% plus taxes. No upgrade fee for JOD since if you have JOD, you've been with the company for a long time. Any phone over $1000, the insurance is $25/mo If I'm being honest, even this isn't good (at $60 but I'd take the $80) but it's better than what we have now. With this, I would still be paying $360 down for the phone and $60 - $80/mo with an upcharge of $7/mo for insurance. I would likely JOD tothe Fold (if it were a 7 Pro Fold) but I can't see paying 2x as much for a phone I probably won't want to keep for 1 year let along 18 months. I'm the guy that jumped 4 phones in 5 months so the implementation of that upgrade fee years ago might be my fault but I'm sure you're getting your money back on the phones. Cut us longtime customers a break and give the new customers a reason to stay.
