Thanks Meter 28
Join Date: Jul 2006
Location: Minneapolis, MN US
The Jump plan strikes me something like leasing a car.
One thing I haven't yet asked is whether or not you are obligated to hand in your "old" gadget, or if you have a choice to pay it off & keep it instead. In other words, if you have it, are you under contract to use it when you upgrade? I signed up for it because it seemed the "premium-est" insurance plan, which, for now, will probably get the best handling if something happens. It's definitely the clout I'm willing to pay $2 more per month to get, at least for the first six months or so.
My pristine (really, refurb for a bad USB: got it last week) & well-accessorized S3, if I had Jump, would have been worth trading in at or before (about) 14 or 15 months worth of payments remaining to pay. If my whole payment plan is 22 months, I'd have to trade up within 7 months to make it worth it. Otherwise paying it off, keeping it/reselling it myself would be a better value.
The kicker is this: if you don't have the cash to pay it off *after* 8 months, you turn in, say, $300 worth of old phone when you only have $240 left to pay on it. In other words, if you have the cash/credit to buy off your phone, start fresh, you win. If you don't, they win. In the end, it's a big corporation banking on people not doing their math & reading homework and/or keeping a regular schedule. If I'm not mistaken, it's those "self-discipline" skills that are fundamental to financial success. It follows then that T-mo, along with everyone else now, is making a safe bet, but at the expense of the less-fortunate (e.g. if you're undisciplined, in the hospital, too busy with single-parenting, working four jobs, you're not going to be heading to the T-mo store for an upgrade in a timely way, nor will you have the cash in order to pull out of the deal).
If you want to get the $0 down, pay off your current phone & be current with your bill, wait a month, and you're good (given you've motivated knowing that taking care of your credit means more cash & freedom in your pocket in the end). You don't need the Jump plan to get it, but for some odd reason I think it helps, shows how gung-ho you are or something. I wouldn't call this Christmas so much as pay-off for sucking it up when they screw up your bill. God forbid you not pay them for ANY reason.
If you can get the $0 down, it's not like getting a real sale, it's just more free credit sooner, unless you trade up within 8 months. Are you gonna give up your Note3 in May just to try to get your money's worth? The experience of walking out of a store with a $700 gadget for $50 in taxes: amazing. Not real, but it was fun to pretend.
Also, there's an accessory thing going on: 30% off plus buy-2-get-one. I had the clerk put it in writing that I could get that when there were actually accessories to buy.
Galaxy Note 3 (SM-N900T), stock rooted with CF-Auto Root
T-mobile S3, stock rooted with CF-Auto Root
Galaxy Note GT-N7000, RocketRom
TPT 16gb stock rooted back from repair & working slowly but beautifully
Vibrant & still pretty happy with it with CM10.1
G1 on CM6 as kitchen timer and remote keyboard
Flashing is better in your jammies!