Not digging the new smartphone you just got? No biggie. Just get a new one. Easier said than done, right? Not if you have T-Mobile.
The wireless carrier recently unveiled its “Jump! On Demand” program, which allows its customers to swap their current phone for a new phone up to three times a year at no extra cost, with qualifying credit. The phone the customer is returning also has to be in proper working order.
“While the carriers are breaking every promise they’ve ever made with their knock-off upgrade programs, we’re racing full speed ahead, making one of our most popular moves even better,” said T-Mobile president and CEO John Leger in a statement. “Jump! On Demand is the best way to get a new smartphone whenever you want. Zero out the door. Zero at upgrade. Zero fees. Zero wait. Zero BS.”
It’s essentially a phone leasing program, CNN Money explains. You can trade in your existing phone for a new one as long as you continue paying your monthly T-Mobile bill.
After 18 months of payments, you can return the phone to T-Mobile and pay nothing more, you can opt to upgrade to a new phone, or you can 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,” T-Mobile said.
The program launches June 28.
If you’re someone who loves to have the latest and greatest electronic gadget — including your phone — T-Mobile’s new plan is a good fit for you.
“You can start leasing an iPhone 6 today — but you can still trade it in when Apple, probably a few months from now, releases its iPhone 6S (or whatever it will be called),” CNN Money said.
The iPhone 6 and 6 Plus will cost you $15 per month for an 18-month lease on the “Jump! On Demand” plan.
Eligible devices for the program include the iPhone 6 and 6 Plus, Samsung Galaxy 6, Samsung Galaxy S6 Edge, Galaxy Note 4, and the LG G4.
T-Mobile has 10 million customers on its current Jump plan. If they want to join the new plan, they need to pay off their phone first.
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