Same here in gold.Just got charged for my wife's 7 32gb. Order was placed Saturday afternoon.
This is what he's saying:
I'm not saying this is true btw, this is just what he is trying to say. I personally think T-Mobile will spread out the full $650 bill credits over 24 months, so we won't pay anything.
This is what he's saying:
For the device trade-in credit you get, T-Mobile will issue you a lump sum bill credit ($165 or $266 or whatever the amount may be). Now, over the 24 months, you'll be paying this lump sum credit 'back'. This is how they're going to make the 'free' promotion work.
So let's say you trade in an iPhone 6 16GB, which has a trade-in value of $165, and you're getting a $650 iPhone 7 32GB. T-Mobile will give you a $165 lump sum bill credit on your account once the trade-in is reviewed and accepted. This leaves you with $485 left on the iPhone 7 ($650 minus $165). For this $485, T-Mobile will issue you monthly bill credits (approximately $20.21). Since the EIP is $27.09/mo, that leaves you with $6.88 to pay every month. Where do you get this $6.88 from? Back to that credit T-Mobile gave you for your trade-in... $165. They gave it to you as a whole and now you need to give it back month-by-month. This makes the iPhone 7 completely free besides taxes. Hope that makes sense.
I'm not saying this is true btw, this is just what he is trying to say. I personally think T-Mobile will spread out the full $650 bill credits over 24 months, so we won't pay anything.
Thanks for re-stating my post--you captured what I was trying to say.
That's what I would have initially assumed, because t-mobile's billing system is always a mess so computing the credit amount seems like it's going to be too hard for them. But I personally confirmed this is how it will work with T-Force, as did several other people on Reddit.
T-Mobile's own documentation even states you can either take your trade-in credit up front as a bill credit, or apply it as an EIP credit. They are also careful to use the words "net cost" several times.
Have any 7+ been shipped ??
It does apply to the other memory variants, you just have to pay the extra $100 or $200 upfront like always.
That's close, but here is what I was told as I just ordered (rounding up dollars).
You will have different amounts if you trade up an iPhone 6 or 6s, but you can see what that is by getting a trade in estimate on the Tmobile website then subtract that amount from $650, which will give you the amount that Apple will pay Tmobile and in turn shows up as a credit to your EIP mostly payments for 24 months.
- The total trade in credit is split into 2 parts - what Tmobile will give plus what Apple gives Tmobile. In my case I traded up from an iPhone SE so that amounted to $165 from Tmobile and $235 from Apple.
- The $235 from Apple is immediate and I will see a net EIP monthly payment reduced from $27 to $17.
- I also opted for the 256 GB model so I have to pay $200 up front since it cost $200 more than the 32 GB.
- I also have to pay tax on the full $850 cost of the IP7.
- Tmobile gave 2 choices for the $165 trade in credit - lump credit to my account, or spread out as additional credit for the EIP installment. I chose lump credit. However, I won't get until I send in my iPhone SE and they process it. Typically 4-6 weeks.
Thanks for re-stating my post--you captured what I was trying to say.
That's what I would have initially assumed, because t-mobile's billing system is always a mess so computing the credit amount seems like it's going to be too hard for them. But I personally confirmed this is how it will work with T-Force, as did several other people on Reddit.
T-Mobile's own documentation even states you can either take your trade-in credit up front as a bill credit, or apply it as an EIP credit. They are also careful to use the words "net cost" several times.
Read this over and over and makes little sense to me. Why would I pay back the credit for the phone? Maybe I am just not understanding what your saying.
Did you pre-order over the phone? I'm not sure what to do about the trade-in as reps have told me to hold off on it, but knowing how it usually goes... Yeah can't rely on their word.
On the T Mobile website it says:
Unlock Eligibility for Monthly Phones and tablets
- The device must have been active on the T-Mobile network for at least 40 days on the requesting line.
Doesn't the 40 day rule only apply for those under a monthly plan? If I already paid the full $749 outright, this still applies?
That's close, but here is what I was told as I just ordered (rounding up dollars).
You will have different amounts if you trade up an iPhone 6 or 6s, but you can see what that is by getting a trade in estimate on the Tmobile website then subtract that amount from $650, which will give you the amount that Apple will pay Tmobile and in turn shows up as a credit to your EIP mostly payments for 24 months.
- The total trade in credit is split into 2 parts - what Tmobile will give plus what Apple gives Tmobile. In my case I traded up from an iPhone SE so that amounted to $165 from Tmobile and $235 from Apple.
- The $235 from Apple is immediate and I will see a net EIP monthly payment reduced from $27 to $17.
- I also opted for the 256 GB model so I have to pay $200 up front since it cost $200 more than the 32 GB.
- I also have to pay tax on the full $850 cost of the IP7.
- Tmobile gave 2 choices for the $165 trade in credit - lump credit to my account, or spread out as additional credit for the EIP installment. I chose lump credit. However, I won't get until I send in my iPhone SE and they process it. Typically 4-6 weeks.
Okay guys so as far as the lump sump bill credit & monthly cost goes...
If you trade-in your old iPhone by mailing it in, you will get a one-time bill credit for it. If you trade it into a T-Mobile store, you DO have the option of having it subtracted from the EIP balance, causing you to pay $0.00 monthly.
In T-Mobile's words...
If you trade in your old iPhone at a T-Mobile retail location, you can use the value of the trade-in to buy down the EIP balance instead of getting the one-time bill credit.
That's only true if they either (a) spread the trade-in on the EIP over 24 months OR (b) re-compute the monthly amount due each month after you complete the trade-in. That's not how EIPs have worked previously--previously, trade-in credits went as a lump sum against the EIP balance. That reduced the number of payments you have to make, but not the monthly amount due, as per T-Mobile support docs.
So, the question is whether they will spread out the EIP credit over 24 months or do it as a one-time. T-Force on twitter has explicitly said it's a lump sum EIP balance reduction, and advised me not to do that, because the net cost of the phone is higher if I do.
That's only true if they either (a) spread the trade-in on the EIP over 24 months OR (b) re-compute the monthly amount due each month after you complete the trade-in. That's not how EIPs have worked previously--previously, trade-in credits went as a lump sum against the EIP balance. That reduced the number of payments you have to make, but not the monthly amount due, as per T-Mobile support docs.
So, the question is whether they will spread out the EIP credit over 24 months or do it as a one-time. T-Force on twitter has explicitly said it's a lump sum EIP balance reduction, and advised me not to do that, because the net cost of the phone is higher if I do.
you still have to keep it active for 40 days. And you can request unlock code on the 41st day. been though that many times.
I was just about to post and say that I did not have to wait 40 days when I bought my iPhone 6 outright a few years ago.Thanks for your reply! I just called TMobile customer service and they said it would only take 24 hours from me requesting an unlock code to get it unlocked if the phone has been paid in full. Not sure if they're giving me wrong info but that was what I was told.
same here! is yours still processing?I'm 9/27 to 10/10. Matte black, 128 GB 7 Plus. I ordered mine Friday evening in store.