T-Mobile announces new trade-in deal, expands 36-month EIP to more devices

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T-Mobile’s newest deal will kick off this Friday.

Starting October 19th, customers can trade in their existing smartphone and get a new flagship smartphone for as low as $10 per month. The phones that are eligible for this deal include the Samsung Galaxy Note 9, Galaxy S9, Galaxy S8, LG V40 ThinQ, LG G7, iPhone XS, iPhone XS Max, and iPhone XR.

With this deal, T-Mobile will give you $360, $250, or $150 via 36 monthly bill credits towards the purchase of your new device, depending on your trade-in. The devices that are eligible for trade-in are:

  • Apple iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus; Samsung Galaxy S8 series, Note8; Google Pixel 2, Pixel 2 XL, Pixel, Pixel XL; LG V30, G7
  • iPhone 6s, iPhone 6s+, iPhone 6, iPhone 6+; Samsung: GS7 series, Note 5, GS6 series; LG: V20, G6; Motorola: Z2 Force; One Plus: 5, 5T, 6.
  • iPhone 5C, iPhone 5, iPhone 5s, iPhone SE; Samsung: GS4 series, GS5 series, Note 4; HTC: 10; LG: G5, G4, V10; Motorola Nexus 6; OnePlus: 3, 3T, X, 2, 1

T-Mobile points out that customers who take advantage of this deal can get a new phone and monthly plan for as low as $40 per month. That includes the T-Mobile Essentials plan for a family of four with autopay enabled. If you want to step up to the T-Mobile One plan, the price per line for a family of four will increase to $50 per month with autopay.

Also of note is that these offers include a 36-month Equipment Installment Plan (EIP), which we first learned of last weekend. At the time, it was only available on the Galaxy Note 9, but now it looks like T-Mobile is planning to expand the 36-month EIP to more devices. For example, T-Mo says that customer can get an LG V40 ThinQ for $0 down and $25.56 per month for 36 months, or an iPhone XR for $0 down and $20.84 per month for 36 months.

T-Mobile’s offer will launch this Friday, October 19th, along with iPhone XR pre-orders. Those pre-orders will begin at 12:01 am PT on Friday, and the iPhone XR will launch on October 26th.

Sources: T-Mobile (1), (2)

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  • Alex Pilaia

    No ZTE Axon 7 Trade in??

    • steveb944

      Probably no resale demand. I forgot that device existed.

  • Jim Mill

    So you buy a phone now and then 5G comes out oops 36 months

    • Phil

      MyT-mobile app stats @ 50% payoff I can Jump into new device.
      I’m betting that changes to yearly upgrade availability in near future to keep new release flowing.

    • TheCudder

      …trade it in again lol.

    • HeatFan786

      5G is going to be overrated because it will take time to refine it and ensure it doesn’t decimate battery life. Plus, companies could charge more for it.

      I can get up to gigabit speeds on my phone now, so that’s plenty fast enough for me. I’ll be using my phone for at least 2-3 years anyways. It does everything I need.

  • cnote7

    What about jump customers?

    • Jim Mill

      I hate that I feel like they’re trying to get rid of their jump on demand stuff and not happy about that

      • Phil

        Yep , they are going back to old school way of doing business.
        They really don’t have choice due to device price increase.

        • Jim Mill

          Yeah I get it just disappointed though I love the program I love being able to trade when I want to it’s pretty sweet I don’t know I’m waiting on the OnePlus 6 T I think

        • Phil

          I’ve always been Android premium device guy but made change last year going with LG K20 Plus 7.00 monthly.
          Low price got job done.

          With new 36 month plan I spend 13.00 more going premium Iphone XR.
          I’ve Never been iphone guy but it’s time for change….I think.
          A Device supported with sure updates & excellent Apple care.
          Display breaks , visit Apple store same day fix for 29.00 ,
          Same day battery replacement @ low cost no more referb worry.

        • dcmanryan

          My daughter’s iPhone 8 Plus has a bad speaker and the vibration sensor has gone wacko. Every Apple store in Utah was out 2 weeks plus for a scheduled visit but they do take walk-ins. So we walked in an hour after they opened and there was already a 3 hour wait. So YMMV as far as getting quick service. The best part is you can at least get service and have minimal time without your phone. Try getting that with Android. According to Apple the $29.99 battery replacement deal has put quite a strain on their in store tech repairs. I got a 6 Plus battery replaced and got on the list in March and it wasn’t done until the first week of June. They were that booked up.

  • Nate

    Hoping the OnePlus 6T gets added to the eligible list seeing as how they are including OnePlus devices for trade in. I got a Nexus 6 sitting around that I would be happy to use to get $150 bucks off the OnePlus 6T.

    • PC_Tool

      Wonder how cheap that 6t would be with a Pixel 2 XL trade-in….

      • Nate

        I would like to know what OnePlus prices the 6T at. Hopefully not too much of a bump in price. The pixel 2XL is in the higher trade in value spot so that’s nice.

        • PC_Tool

          The rumor I have heard is that the most expensive model, the 8/256GB is only going to be around $610/$615…

        • Nate

          I think I would be ok with that.

  • dtam

    36 months, eww. if it were only EIP’s, that’s one thing, but if they start spreading credits over 36 months, that really blows

    • Phil

      They had no choice.
      Higher Device price have screwed good thing up.

      • dtam

        yeah I get it, doesn’t mean it doesn’t blow though

        • Phil

          I agree & disagree.
          Today premium smart phone is a scam @ such price.
          They’re throw away phones, Android being the worst.
          After year many lack Latest OS , updates & battery replacement cost is high.

          With payment spread out lower monthly cost it makes enjoying the latest more affordable with upgrade year away…some may enjoy for 2 years + before upgrade.
          That’s a good deal keeping rate plan low newest gadget in hand.

      • dcmanryan

        T-Mobile for whatever reason refuses to let a phone payment be more than $30 a month and the new prices of phones are making some models require a chunk of change and the phone sales have slowed down I’m sure. American’s refuse to save and buy anything with cash so imagine a family of 4 wanting to switch to T-Mobile and they want new iPhones. They’ll be parting with $1k in some cases plus be paying $120 a month for 24 months. T-Mobiles answer is apparently going to be less down and spread out over 36 months which will be enticing to those just looking at the payment amount. The problem will come when those same people are stuck with the same phone and will feel taken paying $30 a month for a phone worth next to nothing on months 25-36.

    • TheCudder

      By 2025, Americans will be financing cars for 10 years and smartphones for 5 years. Before you know it, banks will be advertising 40 years mortgages.

      • OZ

        40-year mortgage is still a thing. 10 years from now, we all will have transportation as a service. Owning a vehicle as an end-user would be rare.

        • dtam

          You forget student loans that your kids will have to help you pay

        • OZ

          That’s a whole different ballpark on the screwed up education system we got here. There is no correlation between salary and tuition. There could be outliers, but no norm. Community college/in-state school will be just fine.

      • JStatt

        Accidentally read that as 40 year marriages and I was going to call BS because the default rate would be too high

  • Dang they just skipped the S9 series. Oh well

  • OZ

    I am inferring that the bill credits will span through just 36 months. That is, if you opt for a 12 or 24 month EIP, you won’t get full credit. Smart move T-Mobile. You sucked on this one.

  • Chris

    If only they had the Pixel 3……

  • Dante Farrar

    I wonder what the upgrade terms are within this 36 month period… I’m in I can upgrade annually.

  • Gardo

    All this will do is tell phone manufacturers that is ok to charge more than a thousand dollars for a phone. Horrible move T-Mobile.

    • The Pool Man

      Don’t blame T-Mobile for the idiots that buy Apple and Samsung flagships.

      • HeatFan786

        It’s not just Apple and Samsung phones that are priced higher. Look at the $799 Pixel 3 or the LG V40’s $920 price point. OnePlus might approach the $600+ pricing territory.

  • They_Call_Me_Bruce

    I can’t wait until phones hit $2000 and they tell us “that’s only $30 a month for 48 months. *”

    * With $560 down payment.

  • njikokanoel

    So does the pay off half the price to jump a phone still apply? Can I pay it off early if a choose? I mean $10 a month when things are bad then doubling or tripling payment to not be paying off a device for three years seems like a plan that could work. No one wants a phone for three years. The update too quickly

    • Francisco Resto

      Yes you can always pay off the phone at any time if you wish through your billing/phone options on your account

  • steveb944

    So if the bullets match pricing, I’ll get $250 for my V20. Not bad considering I got it for $360 a year and a half ago.

    I feel like there’s a catch, like new rate plan required.

    EDIT: Yup, terms state required.

    Qual’g service, trade-in & finance agmt req’d.

    • lastxit

      36 months to get the credits, AND I lose my $100/4 lines plan? lmfao HELL no.

      • HeatFan786

        The catch of having a grandfathered plan: Buy your phone outright to avoid losing the monthly savings.

  • Francisco Resto

    the 36 months is throwing me off. How does jump with this then? Can I opt in for 24 months instead?

    • OZ

      I bet you could, but credits will require a 36-month plan. Let’s wait for more details. This is all screwed up. We do NOT need new phones every year!

    • Phil

      Yes , you can 24 but If you’re on Jump1.0 , go with 36 month.
      If you’re on Jump2.0 that requires 50% payoff , 24 month will get you to that point smoothly for yearly upgrade.

  • dcmanryan

    T-Mobile has turned into a joke. So the top trade in is a $10 bill credit for 3 years?! WOW, I’m sure people will be lined up in front of the stores this morning. Every phone listed eligible for the $360 credit you could sell out right for more or very close to $360 and have the cash in hand.

    • riverhorse

      Same math!

  • John Doe

    I predicted it in the previous article! HAHA

    I knew T-Mobile will expand the bill credits to 36-months to lock people in for 3 years.

    Now I am against the T-Mobile and Sprint merger Because no one wants 3 year deals/hidden contracts to be the new norm. Go to Canada for that.

    • riverhorse

      So pay it off sooner, 6 of one, half dozen of the other.

      • John Doe

        But the bill credits are for 36 months so if you leave T-Mobile you lose out on the credits even though you paid for the device so now you owe T-Mobile money and HA! you can’t leave welcome to the new EARLY TERMINATION FEES.

  • DILAW IDDAHLA

    I can’t believe people will go for these deals (I know a lot will). You can wait until a device is released and buy it on SWAPPA 1 month after it comes out and I guarantee you that it will be $50-$100 cheaper than the MSRP + you don’t have to pay the sales tax (6% for me). That alone is equivalent to the “low trade in” value T-Mobile is giving its customers. Sell your device online and you will get more cash for it. I will never go for these deals

    • riverhorse

      Just to save a measly $50 on a flagship?? !? ?

      • DILAW IDDAHLA

        No, you are saving I said at least$50 plus the taxes. Plus, you are not tied to stay with a wireless provide for 2 or 3 years. You can get an iPhone xsmax on swappa for around$900 right. Right there you are saving$100+$60 in taxes+$25 for the Sim kit TMobile charges you at the store. That’s$185 and my phone is unlocked and I can leave to any company whenever I want

  • njikokanoel

    So I was just on the tmobile site and the new pricing with the 36 month payments is live. Most high end phones are 0 down and $25 a month with good credit. If your credit is average that down payment rockets to 2/3 the cost of the phone. The V40 was $700 down and $9 a month. Who wants these absurd down payments? Not every one has perfect credit, not to mention how Tmobile determines good credit is questionable. Just saying Tmobile seems to be trying to alienate certain potential customers. It’s sad really. Tmobile was the best deal in mobile, now they seem to want nothing more than to bleed their long time customer and potential customers of more money than they already do.

    • the martian ambassador

      T-Mobile is not charging any interest with these payment plans so checking customer credit ratings is essential. Customers are not required to take advantage of these financing options, they can always purchase a phone with a credit card.

    • riverhorse

      Tmo filtering out deadbeats. Do you blame them?

    • Fan_Posting

      Right, and that is more of a reason T-mobile and other businesses have to be strategic in who (customers) they extend credit (EIP) to on any day of the week, based on the credit history.

      Simply said, it is a Risk we take at times, hoping people (customers, companies, friends, families, or foes) will honor their debt, obligations and payback.

      At one time, I think…..T-mobile allowed customers to pay a lower down payment or have ‘access to best pricing’ on certain devices, after they made 12 consecutive payments on time.

      Considering the market and some may Not have perfect credit, other options available to potential customers are prepaid plans, like Metro PCS by T-mobile…

      • DKBNYC

        This is nothing new. T-Mobile has always done this,

    • Scartaris

      I looked the other day and all devices were $0 down including the XS and the Note 9. Only the XS max had a $99 down payment. Now the XS Max is $349 and Note 9 is $150…so maybe what I saw was a glitch.

  • They_Call_Me_Bruce

    Is TMobile still running the LG G7 BOGO? If so is it possible to get that then flip one of those phones back in a trade in for 350 off the upcoming OnePlus? Assuming this deal is still running when that’s announced?

  • Christian Flores

    Tried to get a note9 today for the 36 months…I couldn’t do it becuase It was a jump upgrade…weird. They wanted $180 down. Also they raised the price to $900.

    • Nionx

      Damn. That’s what I wanted to do. Now I know.

  • HeatFan786

    Can’t people just go to Apple to trade in their devices and then use the credit towards the purchase of a financed phone there, especially with IUP? Does T-Mobile allow EIPs to be set up at the Apple Store too? I sold my 8+ the day before the XS/XS Max release date to avoid getting T-Mobile’s lousy trade in offer.

    I am glad I didn’t wait for the XR offers. Boy, they’re getting worse and worse with these “deals.”

  • TRUEBLUE

    The 36 months plan is only for customers with very good credit. The downpayment on these phones are ridiculous. You’re better off just saving ur money & buy the phone straight up.
    Phones dropping every 3-6 months so don’t lock yourself in .

    • Fan_Posting

      Well stated, Well stated…