Project Dark Rate Plan Analysis

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With all the hype T-Mobile’s Project Dark is creating, just how much will the rate plan save us? T-Mobile has long been known for the lowest prices, but do the new Even More + plans live up to the hype of truly cost-saving? Is it worth it to buy the handset of your dreams at full price and divide the cost among a 20 month period? In this economy, we all want the lowest price possible so let us see if the new Even More + plans are worth it. Comparing the total cost of a MyTouch 3G with a subsidized price vs a 20 month EIP.

Thankfully, one of the guys over at AndroidGuys actually likes to do math and crunched some numbers for the benefit of all.

Here’s how he breaks it down: The MyTouch 3G is currently listed for $149.99 with a 2 year contract. Assuming that the average person selects the 1,500 Anytime Minutes plan for $59.99 per month and bundles that up with the unlimited text and data for $34.99 per month, total reoccurring monthly charges add up to $94.98. So $94.98/month over a 22 month period plus the cost of the MyTouch3G ($149.99), totaling a whooping $2,240 (22 months) or $102 per month. Now with the rumored Even More Plus unlimited plan you would have to pay $499.99 (Retail price) for the MyTouch3G but would have the advantage of an all-you-can-eat plan. The plan is RUMORED to run $59 per month for Unlimited everything, and it is believed that the phone can be financed over 20 months.  The MyTouch 3G price of $499.99 spread out over 20 months would be equal a total of $25 per month.  Add that to the Even More Plus plan, totaling $84 per month and over the 20 month EIP  it comes to around $1,680. That’s a difference of $560! The Even More Plus plan would definitely be a bargain!

Thankfully, the AndroidGuys are better at math than we are so hopefully this will indicate at least in some regard what you could potentially be saving. Obviously the scenario isn’t the same if you pay less than the assumed amount and yet, you could be saving a lot more if you have a higher monthly rate plan. I guess we’ll truly know the answer in a few days.

NOTE: The prices listed are based on the rumored prices NOT actual prices.

Feel free to express your thoughts and/or opinions in the comments!

AndroidGuys

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  • http://www.androidguys.com AndroidNewb

    One thing should be pointed out here; this comparison was done for Android users, who are for the most part people who are very heavy phone users and need / want an unlimited plan and who buy expensive phones. If you do not buy expensive phones or don’t need an unlimited plan, this probably won’t compare to your situation. Not that it will be a bad deal for you, but I would use different numbers if it were going to be a broad stroke comparison.

    also @hi! you should probably use a calculator next time; using your criteria there would be a savings of $130 at the end of 24 months plus unlimited minutes versus the 300 minutes you say is “average”. I use about 200 minutes a week easy just for work, so the savings will be even greater in my case. I also don’t have a land line and I would suspect that with unlimited minutes more people would be able to go without one too, add that monthly bill into the savings it fits yous situation.

  • Matt

    People are not posting the comments about taxes and additional fees out of spite for T-Mobile as it has been suggested by some. I harbor no spite for them whatsoever. There is just a truth in advertising element missing and, on the surface, 60.00 sounds good but consumers owe it to themselves to “look at the fine print.” And, finally, to the blogger that criticized a person not wanting to pay a 5.00 fee for flexpay, you made an assumption about someone’s credit. My credit is fine, I simply want to retain freedom as so much of coporate America has taken it away.

  • Ken L.

    A missing point about the EIP is finance charges. Over 20 months, finance charges on a $500 principal could range from roughly $30 (@ 6%) to above $100 (@ a creditcard-like 18.99%). I’m certain financing will be a part on the EIP set-up; and could far out-weigh it’s benefits.

    With that said, I’d choose the + plan for the ability to exchange phones or even leave T-Mo, whenever I’d like. Just pay off/down the phone’s cost upfront.

  • Betito

    Why are we all getting so mad over rumors? Nothing is confirmed, so let’s all calm down and see what the annoucement is.

    If the 59.99 price point is true, that will save me a bunch of money for me, as I’m with AT&T. Right now I have the 450 minute plan with the iPhone and unlimited messages. That’s 89.99 a month plus tax that saves me 30 bucks a month plus tax. Just for comparison, Sprint and there Any Mobile with everything data plan is 69.99 a month, it maybe a savings of 10 bucks plus tax, but it’s still a savings and I have the freedom of using an unlocked phone with T-Mobile as I switch phones frequently.

    I only use about 100-200 minutes a month but I use text and data a lot. With this plan, I may not use so many minutes, but I have comfort knowing I won’t have to worry about my minutes, have the ability to use whatever phone I wish, and have a good network. It’s a win in my book.

  • http://www.cnn.com Richard

    Betito — But you can’t get the iPhone on T-Mobile, though. I think that’s an example of the frustration here — the Project Dark rates are competitive (if you’re an all-you-can-eat customer), but there is still no killer handset out there (N900, iPhone, etc.), and if you’re not an all-you-can-eat customer, and not everyone is, then you’re no better than at any of the other carriers.

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  • so…

    so…..after reading all the comments and speculation can we at least all agree that without a doubt this is far far FAR from a “game changer” in any sense of the word?

    You may be able to say money. Key word being MAY….and that’s probably only if you’re using a billion minutes a month. Regardless…I think people are expressing frustration because we were told something was coming that would move us from 4th (last place) to third. This obviously will not do that. Sprint has the Hero, the Pre, etc and you can call anyone, do anything for $70. If they’re third place now they must be getting closer to second every day.

  • ADAM V

    this is the worst math ever LOL. a mytouch is 150, with a 200 ETF it’s still only 350 as opposed to 500 + with tax that you pay in these “installments”. it’s retarded when you break down the math. And please if you don’t have a lousy 150 bucks for a phone, I’m CERTAIN you can’t pay a 100 bucks a month for your bill ;)

  • money

    this is huge 3rd rate pricing with first rate service. The EIP has no tax or interest and its optional you don’t have to do it.

  • Taj

    Can anyone explain why the “no contract” pricing is cheaper than the plans requiring contracts? Seems like they are purposely pushing people into less commitment (and less annuitized revenue).

  • ADAM V

    of course EIP has tax, you pay it upfront ;)

  • Corey Anders

    What a joke. I have Straight Talk, a FAR better deal with $45 a month for unlimited talk and text and date.

    It’s also on Verizon FTW!

    The best thing about Straight Talk is its simplicity. I am so tired of wading through funky phone bills with mysterious charges and fees.

    I really appreciate the savings, of course, but not having those awful and undecipherable bills has been a great stress-reducer.