The paperwork still includes pages of fine print, and then there’s the nuance between a lease or Equipment Installment Plan (EIP).
T-Mobile has announced a new initiative to sell Apple’s latest iPhone 6s and 6s Plus smartphones for as little as $5 a month if customers trade in eligible late-model smartphones.
Well, it is and it isn’t, as nothing’s really changed.
If you can’t afford to buy a phone outright but don’t want to be locked to a carrier, Vodafone is selling unlocked iPhones with interest free payment plans that spread anywhere from 6 months to 36 months. With all this competition for monthly payments, more programs like these could shake out in the consumers favor.
John Legere, the chief executive of the T-Mobile who has been known to battle with rivals on social media, said that the company is seeing “crazy demand” for iPhone preorders.
According to the new report, If customers stay 18 months with T-Mobile, they’ll have the option to keep them for $125 off the retail price, minus what they’ve already paid. Pretty great deal. Additionally, if you prefer to shop online, you’ll have to pay full price regardless of which model you’re interested in.
While the 16GB versions of the iPhone 6S and 6S Plus are by far the best deals, T-Mobile is also offering reduced pricing on the other models. If you don’t have a phone to trade in, the monthly payment is $20.
“YES – you read it right!” Earlier in September, T-Mobile had announced a special $20 a month rate for 18 months for a 16GB iPhone 6s through the company’s Jump On Demand program, with zero down.
Semantics. A shell game.
But consumers who want to hold onto their phone for a third year face an uphill battle, says Aram Sinnreich, communications professor at American University.
Is there a T-Mobile store near you? There’s no getting around the cost of the device.