T-Mobile is expected to shake things up this year by getting rid of handset subsidies entirely, meaning users can pay the cost of the full device, or they can enter in to a financing program wherein they pay $15-$20 a month until the device is paid off. Now Fierce Wireless notes that both Virgin Mobile and C-Spire are also testing out financing models of their own. Various pricing models are being tested; one involves a user paying $170.50 upfront for an iPhone 5, then paying $150 per month for six months. Another involves users paying $59 up front and then pay $49 a month for 12 months for the Galaxy S II.
With the consumer now bearing the entire cost of the handsets, the price of the corresponding service will be much lower, or is this just another one of those "Let's bleed the sheeple some more and make our PROFIT$ EVEN BIGGER" things? -- "when the people have suffered many abuses under the control of a totalitarian leader, they not only have the right but the duty to overthrow that government." - The U.S. Declaration of Independence
Yeah, the service should cost less and there should be no 2 year contracts and no ETF's. Both of those things were all about the handset. With the handset subsidies out of the picture, they will now have to start competing on price and service instead of what handsets they offer.
Lower price, better service....maybe this could be a good thing for consumers.
Being that you have to pay full price for the phone, the cell phone companies won't have to pay the money to subsidize the phone. In that case they should get rid of the contracts and your cellphone bill should be a lot less. Of course that won't happen, not by a long shot.
If the phone is paid off, you should be able to bail.
And it take 20 months to pay off the phone. I think you need to look up how t-mobiles new plans work. Take say a Galaxy SIII you pay $200 down and then pay $20 extra on your bill for 20 months to pay off the other $400. Now please explain why someone should be able to leave before those 20 months are up?
and we'll just forget about the OTHER 4 months they're locked into AFTER the phone is paid off. No biggie... right?
The "2 year contract" was a "gimmee" that people conceded to in order to get the subsidy. Now that the subsidy is gone, there should be NO commitment past the paying off of the phone. REALLY, there should be NO commitment from Day 1. They are selling you a phone period.When you buy a car, does the company financing it tell you on which streets you can drive it? Well, neither should the company selling you a phone.
I think they point of the separation is that the phone loan is separate from the phone communication service. If you have to sign a 2-year communication service contract, then they still have subsidies.
Personally, I would expect a 2 year loan contract, not a two year service contract.
Anyway, I don't want any phone from T-mobile and I certainly would not pay full price for it and still suffer the bloatware. I buy my phones from OEM only. But I can afford that. -- dnoyeB "Then said I, Wisdom [is] better than strength: nevertheless the poor man's wisdom [is] despised, and his words are not heard. " Ecclesiastes 9:16
2013-Jan-22 1:00 pm: ·
IowaCowboy Iowa native Premium join:2010-10-16 Springfield, MA kudos:1
I financed my iPad Mini
On my income, I could not afford to buy the iPad mini outright. So I took advantage of the VZW tablet financing program. I might be able to pay it off sooner than the full payback period. I also activated it on my share everything plan.
2013-Jan-21 5:34 pm: ·
Maggs Life is awesome Premium join:2002-11-29 Woodside, NY
$450 for an unlocked iPhone 4, plus NYS tax = $450+ $39.93 (NY Tax) = $489.93+ $36 activation fee = $525.93 / 24 months = $21.91 per month.
My contract is $64.67 per month (includes 20% discount), so $64.67+ $21.91 = $86.58 per month, not including additional taxes and fees for financing the phone.
Best way to combat this is to mass port phone numbers to other carriers and cancel your contract (claim violation of RICO statutes). All cell phone providers collude to set prices. Notice how all the text message plans match across many carriers. Or you could always report your carrier to the IRS for tax fraud. -- Yes, ladies I am single.
Don't have to wait much longer. As soon as the Chinese (the nice people who own MOST of our debt) can replace the income they generate from us, with income from other countries... they call in the notes and WE ARE HISTORY. That is why they have trade missions in every OTHER country aggressively marketing. In 2016 China is projected to surpass the US in wealth. They have the largest military in the world, a brand new fleet and Air Force with the most advanced systems in the world. We're toast kiddies.
All the sheeple cheered when the USSR went bankrupt... "Communism is Dead" they shouted... Well they kinda forgot about the LARGEST Communist population in the world... one that hates us virulently. They hate our system of government, our way of life, everything about us... and they used our OWN greed to bring us down.
-- "when the people have suffered many abuses under the control of a totalitarian leader, they not only have the right but the duty to overthrow that government." - The U.S. Declaration of Independence