Thanks for the response, guys.
If not mistaken, I have about two payments left to completely own the iPhone. So, I figured I pay it off and sell on Swappa. I would then purchase a cheap prepaid phone and use that as a trade in to get the S8. I believe I have all my jumps available.
Edit: I was wrong, I have a few more payments left. Total payoff is $216.
Seems like you paid a lot more than minimum payments haha. I paid minimum payments on my old 7+ with the IUP when I had it. Depends on the cheap phone though. How will that work out as a "trade towards the S8?" If there is a deal for the S8, I am all ears since I need better battery life and standby battery life with my S7.
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I've never understood why this perplexes people. If you pay off the device and sell it you keep the money. If you trade it in, you lose every cent you've ever paid in on it and have nothing to show for it. No brainer to me. JOD (and similar programs) bank on customers wanting the latest and greatest so badly that they don't care that they are willing to throw money away to get the best new phone.
It's a rental service realistically. You pay what you use and move on. If I paid say $10 a month to use the S8 for 6 months, $60 right there as a fee and I would move on. However, instead it's $35 give a take a few cents after taxes for me. I think I am going to go try to buy it outright soon because time is so unpredictable and I cannot guarantee I am with T-Mobile in a few years.