Reminder: Pay for your new phone in installments


With the recent furor over the Touch Pro2‘s rumored pricing, we thought this would be a good time to bring up something that may have long been forgotten by many of you since we first provided the details back in November. Officially announced by T-Mobile in February of this year, the Equipment Installment Plan (EIP) pretty much allows you to lower the amount you pay for your phone upfront and spread it out in 3 other out-of-store payments with no interest charges or extra fees whatsoever.

While the price each person pays in store vs the other three payments will be absolutely different for everyone, here is a [admittedly confusing at first glance] summary from our first article on the EIP:

Either the difference between your credit limit and the purchase price of the phone is charged to your first bill in store -OR- the total purchase price divided by four monthly payments is charged to your first bill in store, whichever is GREATER. The other three monthly payments would equal the remaining balance divided by three and would all be the same.

In a [hopefully clearer] summary [of our summary] your credit history will be looked at, but only to determine how much “credit” they can extend to you. That credit will be the amount you can walk out of the store without paying. Make sense? You pay more up front if your purchase divided by four is the greater amount, irregardless of amount of credit extended.

Oh yes, you can also add extra accessories on to your total for split payments, and whatever else you want to get in store.

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  • yummm

    i want that phone!

  • pjs

    irregardless is not a word :)

  • FILA

    mmmmm, i totally forgot about this, sounds good, ill def have to check into this if I decide to follow thru with the myTouch 3G this weekend! Going to the store tomorrow however to play with it and get a feel. But I liek this idea, since I want to re-sign a one year contract

  • if its 349$ i think it might be to much being its windows 6.1 and its way cheaper than the iphone…thats cuz i have a iphone and i wanna get the touch pro 2…it has features i want that iphone cant give me but 349$ might be a lil to much…windows 6.1 and the specs should run ok but i seen vids of this phone where its sluggish and crashes..dont get me wrong the iphone crashes to but for 349$ who knows!!!!!!!!!!!!!!!!!!!!!!!!

    ima go see it and if it rocks my socks then ill but it !!! so i can have 2 kickass phones

  • o yea i forgot to add…isn’t there phones out there with 6.5 or windows mobile 7??? why was this one released with windows 6.1 !!!

  • Quentyn

    This is awesome. However, I will not be upgrading to any phone (on any carrier) unless it’s taking advantage of new SnapDragon 1gz technology and is running the Android OS. Until then, the G1 will remain my primary device. Also, I was able to take advantage of this installment plan in february when I first bought my G1, so I guess I got really lucky on timing!(hadn’t heard of anything like it before).

  • touch pro 2 on android would be super sweet… :)

  • vwgtiron

    I believe that this phone is far over priced just like the new dash. I have a dash and have been with t mobile since 1999(or was it voicestream then) anyways, I have the 45.99 loyalty unlimited plan (x2) plus messaging for families with unlimited everything for 9.99 and unlimited internet for 19.99(x2) i have bought 3 dashes and 2 shadows,, my wife 1 G1, 1 Behold and a RAZR. We have great pricing and will be taking our business to Verizon if the pricing on the touch pro 2 is better.

  • Broke

    I have been a great customer with T-mobile for 5.5 years. They tell me the only EIP amount I qualify for is $100. What are these credit criteria they look for? It’s not like I’m buying a car or a house!

  • If this phone is $349 I’ll be doing the installment plan but im still rooting for $299.

  • Craiger

    I have a question: I’m on a 9.99 unlimited Internet plan because I have a Shadow. Would I have access to the 3G network if I were to buy an unlocked TP2 and not change my unlimited Internet plan?

  • Mike

    Won’t the installment plan come with interest charges like any other installment plan? Then the total cost of the phone will be more than the $349 that people seem to be complaining about.


    This Equipment Installment Plan isn’t available for their Flexpay accounts right? I hope it is!

  • b-mobileg1

    i bought a Motorola Bluetooth a couple months back, i paid (first installment payment $18 + all the taxes on the headset $5) in store in may, now on my July-Sept bill I see an extra $18 pretty sweet deal I think

  • thomas

    i would like to know y this phone isn’t on the t-mobile website and it’s a week from being lauched…as suppose to the mytouch 3g its been there for more than two weeks…im really hoping tmobile doesnt push this phone back….

  • Dude

    I might add that TMob has been piloting a TEN installment plan in GA and in some other areas. Let’s hope the pilot goes well and that we can get in on that action nationwide!

  • Thomas

    What if I don’t have credit? (not old enough to have a credit card…have a debit card though)

    Could I still get a deferred payment? or would a parent or sibling have to do it and then I pay them back?

  • vwgtiron

    Actually I am typing this on my dash now. I was pointing out myself my great rates and verizon will be more. I have also been looking into sprint. With verizon or sprint for that matter i get more updated phones more often. as well as better signal coverage in my area, still no 3g here in southern nh. And none planned for a while. I am 40 min north of boston. I am tired of talking with tmobile on a monthly basis about various issues. As well as their craptacular phone selection. The G1 is okay but i have been patiently waiting for a decent Wm phone for 3 years.

  • Ricardo

    The good thing about the plan is that the payments do not have to be out of store. You can put 200 or so dollars up front and just just the installments at the store cash money. It’s all good.

  • some phone I loves

    What the F man there is no contact # of T – mobile

  • Jenny

    wow other carriers have this phone for much less than tmobile…i want my money back