Choose from select top brands and get as low as $0 down no matter your credit score, when you join T-Mobile and lease an eligible device.
Does T-Mobile require a down payment?
Credit approval, deposit, qualifying service, and, in stores & on customer service calls, $30 assisted or upgrade support charge may be required. Equipment Installment Plan: 0% APR. Down payment & unfinanced portion required at purchase.
What does $0 down mean when buying a phone?
Zero Down means that customers can get their hands on a new smartphone on one of T-Mobile's phone repayment plans without having to pay the usual up-front cost. The promotion sounds like it could appeal to some buyers, although calling it a 'sale' is a bit of a stretch.30 Jul 2013
Do you have to have good credit for T-Mobile?
T-Mobile said rejections based on credit are an industry-wide problem. According to the company, 63% of Americans have a credit score below 750. T-Mobile also said half of Americans don't have sufficiently good credit to qualify for the company's best wireless plans.22 Jan 2015
Does T-Mobile require a deposit?
Qualified T-Mobile wireless customers must deposit $200 into their T-Mobile MONEY Checking Account within a single month to enable Got Your Back. To count for the current month, deposits must post before the last business day of the month. The $200 can be done as one deposit or in multiple deposits during a month.24 Aug 2020
Does T-Mobile require good credit?
No. This T-Mobile program is a customer benefit that will not have an impact on your credit score.
How do 0 down phone plans work?
If you go for a month-to-month plan with a $0 down smartphone, you'll pay off your new handset with a set monthly repayment over anywhere from 12 to 30 months. This is in addition to what you'll be charged for your talk/text/data plan, so your bill will consist of two charges.19 Feb 2015
Do you have to put money down on a phone?
You have to at least pay for the taxes on the new phone. If you want to pay extra down, it will reduce your monthly payments for the 24 month plan.1 Mar 2018
Is it better to buy a phone in full or make payments?
One big difference between financing your phone and buying it outright is that, unless you pay in full upfront, your phone will likely be locked. This just means that the device can only be used on a certain network, thus preventing you from taking a phone you still owe money on and taking it to another carrier.
Is it better to pay upfront or monthly for iPhone?
Pick a payment plan Purchasing a phone, rather than leasing, gives you the ability to eventually sell or trade it and put the value toward a new phone. But if you can't afford the full cost, or don't want to cough up the entire amount upfront, consider paying for your iPhone in monthly installments.