A POIP is an optional nine-month interest-free plan to pay for a device that will not be handed over after your lease expires. When your lease expires, a fee will appear on your bill for the remaining purchase option price of your device, plus taxes. For customers who want to rent equipment, T-Mobile has other options available: To terminate your JOD lease before the end of the 18-month rental period, there are several options: Once you have made all your payments, you can visit a T-Mobile store and drop off the rented device if it is still in good condition. I usually look at phones like cars – it`s a monthly expense, but one I usually don`t stick to for long. If I want a new car every few years and have accepted the fact that it will be a monthly bill for the rest of my life, I would rent one. If I want a new phone every few months without having to pay it off in full, renting is probably the best choice too. With JUMP! On Demand (JOD), well-qualified buyers can pick up a new smartphone with $0 out of their pocket in advance and then pay for that phone with equal monthly payments for an 18-month lease. With JOD, you can also upgrade up to 3 times a year without having to pay anything upfront, which means there are no upgrade fees. However, you will need to exchange your current device every time. If you ever reach the full 18 months, you can refund the rest of your phone or exchange your current phone for a new one and start the cycle again. If you choose not to pay and keep the phone, it must be dropped off at a T-Mobile store. You can then decide to start a new lease on a new phone or talk to our team about other upgrade options like EIP.
If you return a rented phone, it must be in good condition. Make sure of the phone: I will say that I just jumped from my Note Ultra into the new fold, I only had to pay taxes in advance, but they once wanted outrageous prices With a rental program, there is hope that you will continue to constantly exchange for new phones so that you can continue to exchange and sign after 18 months of agreement. This could be an endless cycle that keeps you at T-Mobile. For example, if you pay for a phone for 6 months and then exchange it for a new phone, you sign another 18-month lease for that new phone, which then erases the 6-month payments you just coughed. So if you continue to trade and exchange and exchange, you will continue to make payments on payments that never really add up to the fact that you own something directly. Can you live with it? Smartphone rental seems to be the hot topic of the moment, thanks to a public battle between the CEOs of T-Mobile and Sprint. They also seem confusing to many, including those in this industry. What is the difference between T-Mobile and Sprint Leases? Do you own your phone or don`t have a lease? What happens at the end of your lease? Can you buy the phone or do you need to return it? How do upgrades work? Is a lease a good thing or a bad thing? There is a lot to discuss here. Keep in mind that most phones have different costs.
So if you jump from one phone to another, your monthly costs may change. For example, T-Mobile currently shows a monthly price of $15 for the iPhone 6, but if you upgrade to another phone like the Galaxy S6, your monthly payment goes from $15 to $28.33. Since this is a rental program, a member must return their phone at the end of the 18-month cycle if they do not decide to switch to a new device. If they want to start from scratch at the end of the cycle, they can sign up for the plan again and get a new phone. Either way, their payments for their existing phone will be interrupted. On the other hand, if they like their current phone, they can choose to pay a final purchase price and keep it. This is the difference between the original price of the phone and the 18 payments they have already made for it. When you`re ready to upgrade, all you have to do is go to a participating T-Mobile store, give them your current phone, and sign a new 18-month lease for a new phone. You don`t have to pay upfront or upgrade. You just need to make sure that your current phone is in good condition. Update to a new device.
You can use our Call Option Payment Plan (POIP), which is a nine-month interest-free payment plan. You will be notified when you are allowed to use this option. Register for POIP on My T-Mobile: 1. Log in to My T-Mobile. 2. Click Billing. 3. Under « JUMP! Rental on demand » on the details of the lease. 4. Click Get Payment Plan. 5.
Check the payment information. For taxes, one payment is due today and then there are nine monthly payments. 6. Enter the payment details, then click Accept and continue. 7. Complete the electronic signature process. 8. Once the transaction is complete, a confirmation message is displayed. Register for the POIP in the T-Mobile app: 1. Launch the T-Mobile app. 2.
Under Billing & Payments, tap Lease End Soon. Act. 3. Tap Get a payout plan. 4. Check the payment information. For taxes, one payment is due today and then there are nine monthly payments. 5. Enter the payment details and then tap Accept and continue. 6.
Complete the electronic signature process. This may require the agreement to be sent by email and authorized on a computer. 7. Once the transaction is complete, a confirmation message is displayed. Your base bill would refer to the monthly payment of your phone rental plus your Simple Choice costs. To try to make it all as easy as possible, we`ll take the time to go through T-Mobile`s and Sprint`s rental plans, hoping to give you some sort of comparison of the pros and cons of each. Since T-Mobile seems like a good deal for those who like to upgrade often, we`ll start there. JUMP! On-demand rental: The amount paid at signing, if applicable, may reduce the monthly equipment fee. Taxes in addition. If you cancel wireless service before receiving all bill credits, the balance will be stopped and the remaining device credit at full price will be due. Contact us before cancelling to make monthly sales instead.
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