T-Mobile testing 36-month payment option for Equipment Installment Plan

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T-Mobile’s Equipment Installment plan lets you spread out the cost of a new smartphone over 24 months, but some customers are now seeing a slightly different EIP payment option.

TmoNews reader P Doobs recently noticed that when viewing the Samsung Galaxy Note 9 on T-Mobile’s website, T-Mo offered them a 36-month EIP option at $24.17 per month. The 36-month EIP option showed up for me too, but wasn’t available on any other devices.

galaxynote936montheip

T-Mobile hasn’t made any official announcements regarding this 36-month EIP option, but the company tells me that it’s being tested on a couple of devices at this time.

A 36-month EIP could be a nice option for some customers. We’ve seen a few flagship smartphones get close to and even surpass the $1,000 mark lately, so a 36-month payment option could make those high-end devices more attainable for some folks, letting them pay less each month in exchange for adding another 12 months of payments. Plus, T-Mo probably doesn’t mind having those customers around for another 12 months.

Would you buy a new phone on a 36-month payment plan?

Thanks, P Doobs!

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  • Brenden Morris

    Damn, I hope no one gets roped into a 36 month contract. In today’s world, after 24 months, your phone is basically a paperweight.

    • Christian Flores

      I would…I just pay extra when I can…which I already on a 24 month plan. That down payment is brutal if phones are gonna be 1000+

      • Ver

        I wish people would stop buying 1k phones. Then maybe they would stop this ridiculous pricing.

        • Christian Flores

          Unfortunately the real world doesn’t work like that lol…obviously the manufacturers see a trend and will profit, that’s business. Note line will always be expensive.

        • Chloe

          Yep. PEople don’t understand value v. price

        • riverhorse

          Someone who makes hundreds/thousands an hour is not gonna spend hours hunting for lower prices, it doesn’t matter or make sense.

        • Brett S

          Curious why you care? Do you wish people would stop buying Ferrari’s too?

          Phones are cheap. They’re probably the only thing where the average guy has the same one as the richest guy in the world. I don’t live in a house like Elon Musk, don’t drive the same car, or wear the same deigner clothes, but we use the exact same phone. That means there’s room for phones to be a LOT more expensive and exclusive.

    • Ceefu

      Paperweight? 2 of my 4 lines are running along just fine on iPhone 6S’s. The other 2 are on a 7 and 7 Plus. /shrug

    • Ver

      I use a Note 4 which runs great for a 5 year old phone. I also have a Nexus 6 which runs great. People are sheep.

    • Brad C

      I’ve got a 6s, Note 4, and S6 on my account… all working like a champ (well the S6 has crappy battery – but every S6 has had that problem since day one)

      I am the only one who cares to swap out phones a lot, and i’m even getting to a point i’m keeping them almost twice as long as I used too

  • steadymobb

    Never

  • Loco Mole

    I don’t rely on payment plan (buying used like new is best value for me), but I’m surprised it took them this long to offer 36 mos.

    Not only this would increase sales, specifically on higher priced models, this also discourages churns.. folks would be paying off their phones at a slower rate, and would feel psychologically tied to TMo because they still owe money. Yes, they could pay it off but making them think twice is part of the sales game, plus because of slower payment rate, they’ll owe a significant amount..

  • Guillermo Eduardo Ortega-ibarr

    This option it’s only for new customers. Sux check on my T-Mobile and no option to 36 months

    • Kenneth Warner

      Not exactly, if you read it’s only being tested

      • Guillermo Eduardo Ortega-ibarr

        True but think should b feasted on current customer

        • riverhorse

          It is, a few at a time– not all at once.

    • Ceefu

      Been with Tmo for a long time, and it shows up for me.

      • Guillermo Eduardo Ortega-ibarr

        Really just went to my T-Mobile and nothing also been with them for a while

        • Ceefu

          Could also depend on tenure and credit class. Could also be random, since they’re ‘testing’ it.

        • Guillermo Eduardo Ortega-ibarr

          True

    • riverhorse

      Never mind, already answered, deleted.

  • JStatt

    The finance majors and budget/value maximizing minded people clearly will hate this option. I also hate the idea of a 36 month payment on the phone. It’s not a “good deal” given the depreciation of the device. On the other hand, I do realize that smartphones are purchased by more consumers than a 25-54 year old tech enthusiast who wants the newest phone every year. I could see a lot of 55+ consumers or “average joes” who would be perfectly happy paying over three years. I know a ton of people still using the now-3 year old iPhone 6S and they are very content.

    • Chloe

      It’s the same price no matter how long you choose.

      • JStatt

        Yeah, that’s irrelevant. The depreciation of the device and its lower ability to payoff outstanding payments when you sell it are what make a 36 month plan less of a value.

        • riverhorse

          What?

  • kev2684

    This is good move for T-Mobile business wise but not for consumers in the long run. This is essentially a way to tie you down for 3 years and this gives manufacturers reason to pump the price of the phones upwards of $1000 because that equals to $1080 for $30 for 3 years plus they can tack an additional $199-$399 for down payment. Now that looks like a deal to dumb consumers.

    • riverhorse

      Your math is off for starters..

      • kev2684

        30 x 36 is $1080 so ?

        • Dummy Up Meathead

          You’re not paying $1080, you’re paying $1000. This is painful.

  • blindexecutioner

    Just to make it look cheaper for people buying $1000 iPhones and Note phones. Dumb people don’t realize how much they’re spending when it’s only $20 a month.

    • riverhorse

      The dumb people are smarter, they know basic math .. 0% financing.

  • Nelson Apistia

    Depends on credit class and device price (over $720 as a general rule).
    People are upgrading less frequently. The industry is seeing people keep their phones for far longer than used to be the case If there going to have it anyway for hat tenure why is it such a calamity that their payment plan reflect their upgrade patterns? You guys are bizarre sometimes, never pausing to consider these things from any other position than that of a tech enthusiast that thirsts for the newest thing.

    • Chloe

      What?

    • riverhorse

      At Tmo, every year for the next few, will see faster or more of the following : 5g, LAA, faster modems, higher carrier aggregation, more ram, more storage… Why be a masochist by depriving yourself of all that goodness?

    • Bklynman

      The phones makers decided to follow Apple with new releases every 6 months,remember it was one time every 2yrs,then 18 months,then it was once a yr.
      Now it is like every 6 months,all thanks to Apple,(or seems like it is every 6 months),they shot themselves in the foot. Now this phone is $1000. phone is better than $1000.phone you got 6 months ago! That why people holding on to there phones longer time.I am still using Note 3,about upgrade to the Note 9,becuase Samsung is having great deal on the 9 line. Trading in s8,I got from Swappa for great price.

  • KOLIO

    Just noticed T-Mobile has the Black color option for the Note 9……..
    I expected Best Buy to get more color options later on,they always do,but,this is quite a surprise for me seeing it on T-Mobile.

    Definitely mixed feelings here,glad I got in on the trade-in pre-order promo,but,kinda pissed this wasn’t available at launch,w/T-Mobile knowing all along they would introduce this at a later date.

  • JJCommonSense

    There’s nothing wrong with a 36 month option. Whether u pay it up front or over the course of 3 years… people who finance are paying the exact same amount as those that pay for it outright because tmobile is not charging interest. Now if we were talking about a normal bank loan then yea the negative commments might have some validity. But if U want to spread your payments out over 18, 24 or 36 months and theres no interest involved, why the hell not? Im curious if this option will still work with JUMP

    • Romdude

      Yes got confirmation that it works with original Jump, not sure about jump2 but it should.

    • michael_do

      You are right. But I think this is a way to make people think that a >$1k phone is cheap, and manufacturers will continue to push out phones that will cost >$1k. Look back when smartphones cost around $300-$500. Now >$1k with very little innovation.

      • JJCommonSense

        Well, as with anything, the costs go up. Phones that had a $300 payment and tied you into a 24 month contract, with a $350-500 early termination fee had all of their costs built in. I think this is a way for T-mobile to have their higher end devices be more affordable to more people. There are those that keep their devices for 2+ years and with phones coming with more and more memory that makes it even more possible. I’m confused as to what anybody’s complaint about this is – 3years is just an option (not even available to everyone yet – they’re testing it out).. Just like one can choose to pay outright, lease, or finance for 24 months. If a person wants to pay it off they can. And for all those accounting geniuses that are complaining about this – the savvy shopper would opt for the 3 year financing even if they have the cash available – why? 1. Liquidity – you have more of your money available to spend on other things when you pay $30 a month vs. $1199 outright. And 2 – it’s interest free financing – so you’re not paying interest. However, while that money sits in an interest bearing account, you’re earning interest on more of your own money than you would if you had paid for it outright… Plus – nobody ever said you had to buy the highest end, latest model. Hell Samsung has a slew of devices that do much of the same as their latest Galaxy S or Note devices – at half the cost – Those options still exist and many have performed quite well in the market.

  • Jonathan Diaz

    I just spoke to T-Mobile customer care and it is indeed live. Being qualified for the new eip is another thing. My account wasn’t qualified for it because I haven’t been with T-Mobile 3 years. So I don’t know but it is live

    • Chloe

      Me too. AT&T was glad to have me especially with the 25% vet discount

      • riverhorse

        Tmo has 50% vet discount.

  • Jason Caprio

    As a baller I just buy a phone full price and pay it all off at once, that way, my monthly phone payments are $0 lol

    • Chloe

      YOu pay no interest either way so there’s no benefit to your way.

      • g2a5b0e

        100%. Any financial advisor would agree. If there’s no interest being paid, then it makes sense to stay as liquid as possible.

        • Brett S

          Unless you’re getting other benefits like credit card cash back, miles, extended warranty, etc.

        • dcmanryan

          I’ve heard this time and time again and yes, it’s a good option but most end up paying more in interest than what they get back. It’s a proven fact. Do you really think CC companies are offering these benefits out of the goodness of their heart? They do it in hopes you do not pay off the balance in a timely manner and make them a lot of money which obviously most are doing or these benefits would no longer be offered. So ymmv on that one. Most will step over dollar bills to pick up a nickel so they say.

        • dcmanryan

          You’re always better paying for it all at once even if it is zero interest if you can afford to do so. Zero interest or not your money is spoken for and has someone else’s name on it monthly. Life changes, jobs change, unexpected expenses raise their head. Any reputable financial guru will ALWAYS tell you to buy anything out right if you can afford to do so. If they don’t they’re a moron and you should for their sorry ass.

        • g2a5b0e

          That’s simply not true. As a mortgage banker, I speak with financial advisers often. Ask a financial adviser if it makes sense to spend $200K to buy a house cash if you have $250K in the bank. I can guarantee you that 9/10 will tell you to get a mortgage (when rates are low). If you invest properly, the long term interest you can make off the money you keep in the bank far outweighs what you’ll pay in interest on the mortgage.

        • dcmanryan

          We will agree to disagree then I guess. A 200k home at 4% you’ll pay $145k in interest over 30 years. That is a guarantee, the stock market is not. Guarantee me my $200k invested will double, you can’t. On paper it should yes, but my uncle who retired in 2009 lost over $1 million and is working still at 70+ so it can happen. We are right back where we were in 2008 and another crash will happen. In Utah where I am I see people paying a $1500 mortgage making $25 an hour with young kids daily, it’s insane. Now add in the average car payment of $400, utilities average around $400 a month here, gas for your vehicle etc. and you’re house poor. My house payment is 21% of my NET income, just mine, not counting my wife’s and we live comfortably but still save for large purchases so I have no idea how some of these people live. You will always be 100% better off paying for things in cash if you can and you’re honestly the first person I’ve ever heard of saying you’d be better off paying a mortgage and floating your money in the stock market.

          Back to phones, if you honestly are getting a phone financed for 36 months interest free or not, credit card benefits aside, you can’t afford that phone. Almost half the country couldn’t come up with $1k by tomorrow without taking a loan out yet I’m sure most have the latest phone they can’t afford.

        • JJCommonSense

          Actually – you lose money by buying it outright. You lose the opportunity to earn your own interest on those funds vs. paying no interest with monthly payments. It’s simple – you have $2k in a money market account earning 2% interest. You take 1/2 of that to buy a phone you’re only earning the 2% on $1,000 – vs. if you take $30 of that to pay down and pay monthly, you’re earning 2% on $1970, 2% on 1940 (assuming you never put money back in the account for simplicity). At the end of the day, when you’ve paid the device off, you would have still paid $1000 for the device and at least earned interest on a higher amount in your account.

        • dcmanryan

          Well if you’re pulling it from a guaranteed return then yes, but we both know that is not the case with 99% of the people. People finance a phone simply because they don’t want to part with $1k because they don’t have the money, aka, can’t afford it. People don’t invest every dime they don’t spend. It basically locks you into a 24-36 month contract. If you want to leave you’ll pay off the phone in most cases unless a new carrier does it for you. I stand my ground you’re better off buying a phone outright and everything else if you can.

      • Brett S

        Yes there is. You put it on your own card you get miles and/or cash back, extended warranty protection, and other benefits that you don’t get with carrier financing.

  • They_Call_Me_Bruce

    So phones are now going the same route as cars and playing the price shell game. The prices and payment timelines keep going up, but they don’t care because they are focused on the monthly. Customers only have themselves to blame. Rather than settle for what they need they get caught up in having to have the latest and greatest. If you have to extend the number of payments to make it fit your budget then you can’t afford it. Stop kidding yourself. No one will look down on you because you bought a midrange in your price range.

    • Gaius_Baltar4

      What are you talking about? There is no interest on any of this. Those constantly trading in for pay off (Jump) need only to focus on the monthly since the more getting paid off the greater the benefit.

      Someone on Tmobile’s Jump gets half of the phone paid off every year. So if they get a $1,000 phone every year and utilize the Jump benefit that’s $500 per year they are spending to get the latest phone. Alternatively someone who waited for two years and didn’t trade in their phone and gets another $1,000 phone has spent the same amount on phones in two years that the Jump user paid but the Jump user got a new phone every year. Granted they got to keep their old phone but it’s likely worth way less than half the phone’s cost at that point.

      With the $700 phone same logic but that example of a person using Jump spends $350/year. The $1,000 phone is only $150/year more if you use Jump.

      Obviously if you can make your phone last three years or more do that but I think you should be at one extreme or the other. Those getting a high end phone once every two years are getting the short end of the stick.

      Mid range devices are fine for many people but let’s face it you get what you pay for. All lower cost devices make some kind of compromise in either processor, display, or networking.

      • NardVa

        The shell game is to keep people locked in to a phone payment forever. Even if you trade in your phone every 6 months you’re still still taking on a new payment for a new device. It doesn’t erase the extra $25 to $40 on your bill for that new phone. All T-Mobile did was lower the monthly payment (by extending the time to pay off) to bait more people.

        • riverhorse

          It’s helping poor people to afford nicer things without paying anything extra.

        • dcmanryan

          It’s not helping them. You either can afford it or you can’t.

        • Gaius_Baltar4

          There is no locking in. The phone costs what the phone costs. If you’re happy with your carrier it benefits you to take the largest device pay off option they have because you end up getting the greatest benefit that way not to mention the latest devices are going to utilize the latest network advancements the best.

          Someone clinging on to a years old device won’t get 600mhz coverage and other tech that helps with congestion. What good are they doing for themselves at that point?

      • stacks3000

        You are better off buying a one year old model new at a discount from a third party.. All this financing is just improving sales to increase the companies (tmobile/samsung/apple) profit.

        • riverhorse

          Tmobile doesn’t make money off the phone.
          Financing is 0%.
          And by buying one year old models you’ll always be missing the latest 5g, modem, os, etc.
          That would be a viable strategy at $200-300, not at 2-3x that.

        • Gaius_Baltar4

          Carriers don’t make money on device sales and if anything they lose money.

    • Brett S

      Are you kidding? People totally judge you by your phone, just like your clothes, your car, etc.

      • They_Call_Me_Bruce

        Sorry, I graduated from high school and stopped caring about those things.

        • Brett S

          You may be the only one who did. ;)

  • ggfb20

    I prefer galaxy notes and I love to upgrade annually. I use the Samsung Galaxy for life program which basically is the cost of the phone dived by 24, yet there’s no down payment and I get to upgrade every 12 months. So I pay off half the phone then turn it in. My note 9 (512gb) was $1249.99, so in 12 moths I guess I’ll see if the trade in value is $625. If it’s worth less then my bet would have paid off. If it’s worth more I still win because I could just trade it in and keep the difference. I really don’t see phones jumping too far beyond $1250.

  • Romdude

    This is great for original Jump users, no down payment just tax, and I can still use my exchange every six months.

  • the martian ambassador

    I just bought the Note 9 [8GB/512GB] directly from Samsung. Got a free Gear S3 Frontier watch and wireless charger which brings the price down to about $900 with the value of those items. My credit card extends the manufacturers warranty to 3 years if the device is paid for in full on the card, but will pay off the balance immediately. This financing deal seems good since you don’t have to pay interest and can make even the high end version affordable for anyone. Seriously, this thing is a beast, and will easily keep you happy for at least 3 years.

    Remember folks, Samsung may be winding down the Note line in favor of the S+, so if you really must have a Note, it’s possible that the Note 9 or Note 10 may be the end of the line.

    • Brett S

      No way, you’ll want the 5G version next year for sure.

      • the martian ambassador

        The Note 9 is capable of 1.2Gbps (Cat-18) LTE speeds. Frankly I’m in no hurry to upgrade to 5G. 5G frequencies are used by the military in pain inflicting crowd control weapons. I think I’ll let others be guinea pigs for a few years.

        • Tony Chen

          pornhub

        • the martian ambassador

          pearl necklace @ 60fps

        • dtam

          I think tmo was using their 600 mhz spectrum as the backbone of their 5g network. It can be argued that to get better service you need 5g…But yeah, this is a 3 years from now problem when it’s time to upgrade anyways

      • Phone Guy

        5G means nothing other than more speed for a few years. No real advantage. I don’t need to download a movie in 3 seconds. (cool idea though).

        • Brett S

          Ok if you’re not into tech maybe you won’t care. The rest of us will get it… not because it matters but just because it’s faster and we want it. :)

    • vincent vera

      Which card gives you a 3yr warranty?

      • the martian ambassador

        Citi Double Cash Mastercard adds 24 months to the manufacturer’s warranty.

    • Bklynman

      Cool going to do the same thing get it from Samsung half price,going trade in s8 for 128 gig one,it cost less then what paid for Note 3 with taxes.

  • Matt

    I simply refuse to spend more than 200.00 on a phone. It is a phone for god’s sake, not a PC.

    • riverhorse

      I hear you. But sub-$200 phones suck a big one. So do sub $9xx portable computers.

      • Francisco Peña

        you can also buy last yr’s flagship from a number of manufacturers for cheaper.

        I bought a few yrs back, a moto X Developer Edition, new for $199. Got some LGs (G4/G5) after they came out (6-12mo) for under $400.
        Just bought my wife a new Samsung Galaxy S8 for $350. Perfectly good phones even a yr after release for cheap.

      • Acdc1a

        Moto has excellent phones in the $200 range. These low and mod range processors are much better than those of 2 years ago.

        • Bklynman

          Yes they do,one TMO has now read nothing good reviews about it,the only bad thing for me anyway it has only 32 gigs,if that phone had 64,would buy it in sec. If Lg had made the midrange phone TMO has now 5.7-6″.screen,I would gotten that one. Can’t wait until they start to make midrange handsets 5.7-6,with 3 to 4 gigs of ram 64 gigs.

        • Acdc1a

          When they clearance out the Z3 Play you should absolutely jump on it. You can get them for around $300 right now if you’re creative. Already supports the new T-Mobile bands…

        • Bklynman

          Cool,I was waiting around for Tmo to drop the price of z-2,they never did,eol it without saying anything,while the other carriers still sell it,and the Z3 at the same time. What Tmo should of done eol those 2 horrible Coolpad phones they still selling kept Z2.drop the price to it $250.,make an killing on it. I am going to get Note9 from Samsung for $600 with a trade of a s8 I got from Swappa.,then see what come up 6 months to yr from now,I am at the age,I really don’t care about high ended phones anymore,worst come to worst I could sell s9,for about the same I paid for it,get good midrange phone every yr($200-$300),without spending $500 plus or more. Phone companies don’t like people me,still using Note 3.

      • Brett S

        Disagree. Chromebooks are awesome.

    • Brett S

      Most of us use a phone a lot more than a computer these days, and a growing number of people don’t want or need a computer at all.

      If your phone is your primary device and it’s in your hand all day everyday then investing in something good doesn’t seem so crazy.

    • A|E

      Hope you think the same thing when you are buying a car.

    • dtam

      I hear you, especially if all you want is to make calls or text. These phones are like mini computers now. Amazing the amount of processing power they have

    • warpwiz

      All depends on your needs and/or wants. The lower payments does make the Note9 more inticing. But I wonder if I want to hold a phone for 3 years while technology advances continue. It also makes me wonder what the price on the ‘folding’ smartphone will be. Maybe I think too much.

      • carloslacend

        If you want to upgrade you only need to pay 50% That’s 1 year and half…

    • tranceformer978

      Mom?

      • JJCommonSense

        LOLOLOLOL

  • Iphart

    Endless monthly payments on top of your monthly bill.

    • Dummy Up Meathead

      Then don’t choose it.

    • Phone Guy

      Its not endless. Pay it in 6 months. Done. Pay it in 2 payments, done. Pay it in one. You choose. So silly.

  • John Doe

    I could see it now…But a S10 get the second free (with 36 months of bill credits and add a line)

    SMFH.

    They should have a 12 month option.

    • ske265

      You can double up on your payments.

      • John Doe

        What part of free for 36 months add a line don’t you understand?

        I can see T-Mobile doing deals like that.

        • Dummy Up Meathead

          What part of it’s an option that you aren’t required to use don’t you understand?

        • John Doe

          What part of my comment did it say that it was required?

          Deals are not a requirement but they are deals and the trend of these deals are a makeshift contract to lock people in but now it will be 3 years like Canada.

        • Dummy Up Meathead

          You’re a shill for who now? Pretty obvious.

        • John Doe

          I have T-Mobile dumbass and I probably have been with T-Mobile longer than you have.

        • Dummy Up Meathead

          Oh yeah? Well my dad can beat your dad up!

        • John Doe

          You are the one who claimed I was shill as if T-Mobile customers can’t dislike things about T-Mobile. We are all just sheep and we are supposed to agree with everything they do.

        • Dummy Up Meathead

          LOL. Them offering another financing option, one that nobody requires you to take advantage of, and this is your line in the sand. You make about as much sense as a 5 year old. I’m finished wasting time on you.

        • Phone Guy

          He is pretty brain dead, isn’t he. He probably never graduated High School. I read the entire thread and he has zero, I mean zero clue as to what he speaks. He won’t listen.

        • Phone Guy

          Thats just a shell of a contract, the three years. You can pay it as fast as you want. No contract.

        • John Doe

          You are adding a line and getting credits. if you cancel then you lose the bill credits so not you can’t pay it as fast because then you have to pay for that second device you got for “free” aka EARLY TERMINATION FEE.

    • Dummy Up Meathead

      They do. Duh.

      • John Doe

        No they don’t.

        And they certainly do not offer 12 month deals.

        • Dummy Up Meathead

          Dude, you must not be very bright. Sign up for 24, pay it in 12. What is so hard to understand? It’s not like a home loan with prepayment penalties. Duhhhhh.

        • John Doe

          Do you realize how hard it is to do that? You have to make a separate payment every month for 12 months. Why Jump through hoops for that? Why not just offer it as an option. You either have to call T-Mobile or log in and select the phone on the horribly slow website just to make an extra payment.

        • Phone Guy

          Make them all at once.

        • John Doe

          Then what is the point of financing.

  • Michael Elkin

    Its nothing but a scam to trick people into buying too expensive a phone by advertising just the monthly payments. And an effective 3 year contract. Good thing I am not planning on buying one. Sorry if you were.

    • Acdc1a

      If you can’t pay in full for your device you shouldn’t be buying it. A 3 year contract for the gullible perhaps.

      • Renaldo Epps

        Love that statement.

      • Erik

        Where do u get three year contract from?

        • Acdc1a

          In a year when you want to ditch your phone or provider you have approximately $666 to do so. Makes the old early termination fees seem downright reasonable.

        • JJCommonSense

          Well in a year you can pay the balance of what you owe, which, when combined with the payments youve made, would be the same amount as the person who paid for their device outright. The math is the math.

      • Phone Guy

        No contract. Use your money to pay off other bills. I used to pay (when I was dumb) phones off immediately. Now I realize, let the phone company finance the money for free, and I will pay something else off.

      • JJCommonSense

        What makes it smarter to pay it in full? You’re not paying interest on a 24 month financing or 36 months. However, if you take $1199 out of your money market account, you are losing the interest that you could have been earning. So from a purely numbers standpoint – the pay-in-full route seems to be the least advantageous, no?

        • Acdc1a

          So tell me how you’re protecting that $1,100 investment while you’re on payments. If the answer is you’re not or paying an insane insurance premium then you know why you shouldn’t finance it.

        • JJCommonSense

          What does insurance have to do with the term of the loan? Those are 2 different issues. Regardless to whether u finance or not, u should still have some sort of protection because if u break it, you’re out the $1100 whether u paid outright or making payments.

    • vincent vera

      So leasing a car is a scam? Or taking a loan to buy a car is a scam? Time to pick up a dictionary. Not even close to a scam. Good marketing, maybe, but definitely not a scam. All the information is upfront.

      • Michael Elkin

        The scam is not in the lease, but in changing the time to make it seem cheaper. The typical advertised car lease is always 36 months. Imagine if suddenly they changed to 48 months with lower payments. They have more people coming who may or may not notice the extra months. Same here. But yes, very good marketing. But I also believe deceptive marketing. Is there a 24-month option at all?

        • Dummy Up Meathead

          Who is making you choose that option? Really, really silly.

        • vincent vera

          You do realize you can lease cars for 12 months, 24 months, 36 months all the way up to even 60 months? I’m not seeing scam or anything deceptive. Scam and deceptive is if they said $24/mo and neglected to tell you its going to be 36 months or 3 years to pay it off but I can guarantee you it says that, and the paperwork you sign will say that or the FTC is going to sue the hell out of Tmo.

      • Acdc1a

        It’s absolutely a scam and not comparable to 36 month interest free financing. When you lease a car you are financing the expected depreciation at an interest rate around 6% while being on the hook for many added fees.

        • Phone Guy

          No scam. You have no prepayment penalty. They have a lease but this isn’t a lease.

    • Dummy Up Meathead

      LOL, you’re silly.

    • Phone Guy

      Phone price just dropped by 129 buck plus ten less in tax. Its now like $50 more than a S9+ with zero down. Still pricy, but now worth it over the S9s.

    • Bklynman

      I am with you,but Samsung is having great deal on the S9,S9+ and Note 9,just go to Samsung site you will see it. I send it to Alex to inform him but for whatever reason he decide it was not worthy of news.

  • ecdy_ _

    And maybe this is a reflection of the fact that people are keeping their phones longer, as annual incremental changes have become smaller and prices have gone up.

  • njikokanoel

    I’m sure it’s a good option for some. Fo me? Not so much. I barely keep phones I lease or have on EIP for a year much less 3 years. Having a Note 9 when the Note 12 twelve is about to release? Madness. At least to me.

    • Christian Flores

      Pay half and jump…simple

      • Nionx

        Or if you’re on JOD, jump whenever you feel the upgrade is worth it.

        • Phone Guy

          JOD is gone. They just got rid of all the jumps. Surprise. I was on Jump 1 and learned that going to this phone, or any phone, you are forced to get the 360 financing. There is a temporary way around it if you upgrade on another line, then switch the hardware.

          I have three Jump 1 lines, and this is our last jump anytime you want. I think its a bit dirty they finally are killing the older jumps. I didn’t think this was possible until I found out on chat, called the company, and went into a store. So you get one last hurrah.

          I will drop the 360 when my phone arrives, and use my credit card insurance instead.

        • Nionx

          Wow. I’ll definitely look into that myself. My wife and I both have a line with JOD. She wanted to jump to an iPhone, myself to whatever peaked my interest. If it’s not there, I’m not sure how I feel

        • wampdog29

          All the options for JOD, yes, but the regular Jump! program still exists where you pay off half the phone and trade it in.

    • Petey07

      I agree, for me, i feel like cellphone technology is on a plateau, where I don’t feel need to upgrade every year… If I’m switching from Andriod to iOS back and forth, I can see myself upgrade every year. I feel that my Note 8 and iPhone XS Max will be good the next couple years. The only reason I would upgrade is when the phone adds bands that would be beneficial for me. I was using the Note 8 when it released till the XS Max was released (liked the note, but the iOS just works better with work and personal, syncing with all my other apple devices.). I think this 36 months payment plan is beneficial to those who doesn’t upgrade their phone often, and to keep the monthly bill lower. Nothing wrong with that. It’s not about “who can, or can’t afford the phone” but being able to save up alittle for other things. Despite 24 or 36 months, and the end of the day, the total amount still remains the same.

  • symsoul

    Why does this feel like the industry prepping us for a $2k phone? We all know next year’s Galaxy phones are going to be substantial given this year’s prices and it wouldn’t surprise me to see the Note X hit $2k for the larger models. This is just their way of minimizing the sticker shock. $1999.99 Galaxy Note X coming to your town soon!

  • riverhorse

    So T-Mobile decides to help folks out with free financing of phones. And, as if that wasn’t enough, extends it to 3 years. Mind you that this is a hit to TMO bottom line: either it means less cash on hand while waiting to recoup the money it already paid to the manufacturers, or it’s eating the interest rate on payments to the manufacturers. (and even if all that wasn’t true due to sweetheart deals, it’s not the point)
    And the big thanks T-Mobile gets is a bunch of negative, absurd comments:
    an insidious plot to keep the poor latched on(well duh, yes! everyone needs a phone and we will keep you hooked with the lowest prices and perks) / makes the poor overspend(for the most expensive model it’s 95 cents a day for three years, zero interest added! and no one is holding a gun to anyone’s head) / causes the phone plan and or phone to lose value(what?!) / it’s a good deal but it won’t last long, it’s only a ruse to later raise fees with no way out for the customer

    But this is not surprising. According to IRS statistics the bottom 48% of the population pays 2% of all taxes, the bottom 69% pays in less than they receive in benefits and grants(similar to school grades, need 70% to pass).
    There is a reason for this. At least half the population is basically unhirable or unable to hold down a job. Ask any HR manager– one of the toughest positions in the land. The best scenario is the job candidate initially spouts off such drivel on their resume or initial interviews– the only damage is the initial wasted time and recruiting resources spent. Worse case the job candidate bullshirts and bluffs their way onto a job– then HR gets lambasted for hiring a loser so annoying it’s driving away employees and customers.
    (To prevent too much damage to be done to the country as a whole, they could institute some type of HR screening process before allowing people to vote & cause such widespread damage…but I digress)
    This is actually a good life lesson: less than half the people you meet are winners / to be emulated, more than half are to be avoided / do the opposite of what they say and do.

    • Fan_Posting

      Good Points…

      Believe it or Not, Americans across the board need to save more, spend less, wear seat-belts, and etc. However, people (family, friends and foes) make choices accordingly. Hopefully with conscious spending, it allows us to make certain wise purchases or not …And along the way, save for today in preparation for our tomorrows…

    • BobbieDooley

      I don’t see it. T-Mobile’s rateplan has nearly doubled in the last 3 years. Just now instead of “unlimited” unlimited data, you gSometimes customer growth plateaus customers can’t be purchased. Perhaps T-Mobile isn’t a very strong brand.

      Competition and absense of 32-month contracts was also a reason why DoJ blocked the AT&T/ T-Mobile merger. Perhaps introduction of 36-month contracts is more of a display that the Sprint merger shouldn’t be approved.

      • Mike

        The 36 month financing will be optional. Customers can still buy phones outright or finance 24 months or less. The real problem is ppl buying phones they can’t afford. You have ppl making minimum wage or little above it with $1k+ phones. How do they get them phones? Financing and most still can’t afford the 12 to 24 monthly payments. So this tmobile way of helping the low income folks out. In reailty those making minimum wage or not much more should be buying a budget to mid range phone outright or grab a free phone carriers offer when you switch.

    • BobbieDooley

      In addition, you have a major change of the board at T-Mobileaa a new CFO who is known for cutting costs instead of building and investing into infrastructure. And chairman is now also the CEO of Deutsche telecom in Germany.

      Call it what you want, but it’s something closer to The END of “the UNcarrier”. 36 month equipment installment contracts on devices with a 90-day warranty are things a Carrier sells.

      Germany’s pension managers called, and wants it’s asset in the US to make money.

    • DILAW IDDAHLA

      You honestly believe that T-Mobile is buying these phones from the manufacturers like Samsung, LG, etc. for the MSRP price? You honestly think that T-Mobile is buying the Note 9 for $1K from Samsung when I can use my company’s (non Smasung) discount to get it for $910? I am sure Tmobile and all the other wireless providers and making a profit from device sales

  • BobbieDooley

    Lol @3-year Equipment Payment Contracts.

    Employee turnover at T-Mobile corporate must be very high. Or maybe, corporate employees Enjoy being high and cherry turnovers.

  • Erik

    Where r ppl getting this “three year” contract from?

    • Bklynman

      Because if you cancel payment,they block the phone if you don’t return it. Even those it is not a contract,in some way it is. I am sure if you stop making payments,don’t return the phone they will turn off your service.

  • OZ

    Get a depreciated phone on swappa and call it a day. The ones that can afford $1,000+ on a new phone, go for it lump-sum.

    Just look at the trade-in values just after a year. It is a terrible “investment”.

    • Bklynman

      Investment? If people think phones are investments wow,they have some issues.
      I know what you mean,you get almost brand new Note8,for $400-$500 on Swappa!
      Have not look at the prices for the Note9. But I am sure the prices of N9 is way less too.

      • OZ

        Perhaps, “investment” within quotes, denotes sarcasm in my context.

  • Bklynman

    Samsung is having great deal on the S9,S9+,Note 9,just go to Samsung site you will see it.

  • JaswinderSinghJammu

    36 months is way to long. I’ll imagine 60 month loans on future Apple and Samsung phone since the prices will keep going up and up. If money is not an issue go for it but most people are buying these phones on payment plans that they could barely afford.

  • Loganopterix

    after having to battle with one of their “team of experts” because i paid for a device and got it unlocked, only to have to send in for warranty and have them tell me they wouldnt unlock the warranty device, i’m only buying unlocked devices outside of carriers moving forward. took me messaging their fb page and 5 minutes to get the second one unlocked.
    their reason “the warranty replacement wasnt owned by me for 60 days.”

  • Fan_Posting

    TmoNews Moderate – Great Topic of Discuss

    Just from a little research… that maybe of interest, the average upgrade cycle has increased to 32 -33 months. In other words, we are holding on to our Smartphones a little longer.

    Therefore, some in the industry are thinking the wireless carriers, for example T-mobile, are trying to test (pilot) the market… by extending the length of the installment plan to coincide with the upgrade cycle, thus minimizing the churn rate.

    No worries for me, I am still ‘Rocking and Rolling’ my Samsung Note 3 as my daily driver…

  • Phil

    This was smart move seeing device price is so high.
    For Original Jump customers like myself it’s total win.
    Pay sales tax , Pay low monthly payment like the good old days with two more avalible jumps within 12 month period.
    Or
    Jump from Note9 to Note10 etc.

    For Those screaming 36 month T-Mobile scam keeping customer in contract.
    Get a grip!
    T is providing low monthly payment for throw aways phone.
    Year 1 battery life takes major hit , year 2 battery becomes shot say hello to crap referb.
    Pay big $ replace battery or upgrade device.
    95% will upgrade device within 2 years using some form of T-Jump.
    True story!

    • CJNewYork

      3 years to pay off a throw away phone. Without a removable battery that’s a good way to put it.

      • Phil

        Paying 2 years for throw away is total waste topping that off with higher payment.
        Anyway T-mobile is changing the game day by the day.
        Going 36 months on Original Jump Plan has turned into 50% payoff needed before upgrade availability.

  • DW Duck

    I wouldn’t mind it on TMobile, but I like putting a chunk down when I buy, just to lower those payments.

  • the martian ambassador

    Wow, this is a controversial topic for many people.
    It doesn’t cost other customers anything and it’s good for T-Mobile because it keeps customers tethered for their telecom service at least until the phone is paid off. As long as people don’t come to the federal government for a bailout on their smartphone, it doesn’t interest me in the least. Samsung is working on a $2000 smartphone, so longer installment terms are inevitable. The upgrade cycle is slowing so this makes sense to manufacturers. They may sell you fewer phones, but they’ll compensate by selling you high price/high feature ones that increase their profitability.

  • CJNewYork

    3 years for a throw away phone? By the time you finish off payments the phone’s battery will be heavily degraded. If they had a free battery replacement at the end of the payments then maybe, but why help people keep a $1000 phone for as long as they want when you can get them to spend a $1000 every 2 to 3 years?

  • purenupe1

    nah, this is a not a plan I would look to get locked into, especially as we move into the next generation of mobile technology. None of the current crop of phones are 5G capable and there is no guarantee T-Mobile will be a 5G market leader…so why why tether yourself and lower future flexibility in carrier choice.