No, that's not new. Basically, JOD is an 18-month lease. At the end of the 18 months, you've typically paid ~75% of the device off (again, the original impetus behind JOD was that these customers wouldn't be holding onto one device nearly this long). At that time, your Purchase Option price - the remaining balance on the phone - becomes due. T-Mobile sends texts two months prior, reminding you that your JOD is nearing an end, and thus you will a.) be hit with that lump sum final purchase price, and b.) lose JOD availability on your account moving forward, once the JOD is paid in full.Just seen this and didn’t know about it. Is this new? it states you can do this at the end of the JOD.
You have the option of financing that final purchase price over a further 9 months - effectively stretching the financing to a 27-month deal. You have to call Care to refinance that final amount - we don't handle financing adjustments in-store.
The biggest problem I've seen with JOD and customers coming in is that they either weren't properly informed on how the (any) lease works, or they conveniently "forgot" it was a lease, only focusing on the phrases "$0 down" and "upgrade".
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