People who love phones and are obssessed with getting the very latest device at launch will be see this new Jump! program as their best fit. Those that tend to keep their devices longer are not the likeliest of candidates for this program.
Why are Only SELECT Phones Available on Jump! Amped?
It makes sense for the carrier to limit Jump!Amped available devices becase those are the smartphones with the highest resale value. The used phone retail market is something that can a great source of money. By allowing these devices to be turned in as many as 3 times a year, chances are these devices will still be in like new condition. Since trading these devices back for little to nothing down is greatly dependent on the good care of the devices. They will likely hold their value as they will only be 1 to 6 months old; still quite popular in the market, if they choose the right devices.
The used phone market is a multi billion dollar industry. T-Mobile is trying to entice you to give the cellphone up to them rather than having you sell your phone on Gazelle, Craigslist, eBay, Swappa or any other alternative. T-Mobile thus takes hold of an amazing opportunity to wholesale these phones worldwide.
In A Nutshell:
*Upgrade tomorrow if you want (3 times per year)
*No sales tax when you switch phones (Well qualified)
*$216 off of Iphone 6 and 6 plus (Trade-in required)
*No insurance requirement if you sign up with Jump! Amped (they know you'll want to take care of your phone, otherwise, you are forced to repair it or keep it by paying it off)
You pay the same price leasing or EIP. Only difference is after 18 month lease, you have to pay the remaining 6 months off or jump to a new phone. If you pay the phone off, it's yours, just like EIP...
The Not-So-Cool Aspect of Jump! Amped
Whenever you return a leased device – whether it’s at the end of your term or to upgrade – T-Mobile staff will check it for damage. They look for three key things: Cracked Screens, Liquid Damage and whether the phone powers on. If your leased phone fails to pass these three criteria, you’ll be fined. Each of the three criteria carries a fine of $250.
Cracked Screen Damage fee – $250
Liquid Damage fee – $250
Device does not power on fee – $250
In the terms given to staff it states the following: “If there is damage(s) to the leased device, customers will be responsible for the SUM of the assessed damage fees.”
You can avoid any of these fees and pay less by just performing an insurance claim on the leased phone. That means that, instead of paying $250 you can pay $150 for a replacement and trade that in.
So, what do you think about T-Mobile's revamped, Jump!Amped program? Will you be signing up? If not, why not? We want to hear from you!
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