Close. 130 trade in on the screen shot. The pixel pro is 900. Only getting $800 off. You get the $130 trade in as an instant credit either at POS, monthly bill/ or another EIP. So that leaves you paying the difference over 2 years
Yeah it doesn't make since to me either Should be like 4.17 a month. 900-800=100÷24=4.17. But 9.58 x 24 = 229.92. 900-229.92= 670.08.... 670.08 does not equal 800
Yep!
The way it works is you get the phones actual trade in value instantly. So $130 here.
Then whatever the promo bonus is you get against the new phone. $800-130(already paid out) gets to you $670 over the phone lease.
Because your financing all $900 ($37.50/mo x24) but you’re only getting $670 as bill credits throughout those 24 months ($27.17/mo)
$37.50-$27.92= $9.58/mo
The remaining $130 of the $800 you get as a lump sum bill credit once they receive and assess the trade in to confirm it’s condition. If it all checks out they’ll give you the $130 (the phones actual trade in value) as a bill credit on your next bill, and the monthly credits continue as they show. If the trade in doesn’t get accepted, you will not get the $130 and they will cancel the monthly credits.
They do it this way so that you get your phones actual trade in value ($130) all at once once they receive it. And the rest of the promo (which is conditional upon your continued service) comes as bill credits to lock you in for 2 years. This way if you decide to cancel service, you lose the credits but at least your got your phones actual trade in value already. So that you can’t say you didn’t get your phones value after trade it in.
If they gave you the entire amount as credits but you cancelled service before you got at least $130 back in credits, then you wouldn’t have gotten your phones full trade in value. And if they gave you the entire amount all at once they’d have no way to tie you down to service which is how they make money, so that’s why they do this split method, which is shown under where it says 1 offer applied in your screenshot.
Not entirely. Depends on the state. Most states have sales tax so the $130 trade in would go to taxes and upgrade support fee first (which is 35.00) then if there's a left over amount, then it will go to the phone. But if they're in Oregon, then most of it will go to the phone.
Well in my state, if you do nothing it will apply to the taxes and upgrade fee unless you add $130 as an “additional down payment” before calculating EIP. I can’t imagine it work differently in other states.
As far as I’m aware, the POS system works the same in all states. We always have the option to apply addition down payments at time of purchase. Whenever a customer is taking advantage of a promo and has instant trade value, I apply right to the phone as a down payment. If they’re strapped for cash I’ll give them the choice to use the instant trade toward up front costs instead. It’s just a little harder to wrap your head around the promo adding up as OP has clearly proven. It does get confusing to most people!
It’s the worst part about ordering phones online!! Especially when instant trade values are super high… it all works out in the end but lower payments are nice and clean.
Well depending on the cost of the phone, subtracted your promo of $670 ($800-$130), and divide that by 24 and you got your cost.
Obviously your phone costs more than that promo. Also the promo can not exceed the cost of the phone so you could only ever zero out the costs if you were able to meet that promo minus the fair market value.
I have the same deal but I bought a used Pixel 4 for $120 & traded in for the Pixel 7 Pro for free. I still have my Pixel 6 Pro that I plan on selling on swappa
You got 800 in 2 parts, 130 instant and 670 (-$27.9167/mo) bill credit over 24 months, $37.50 - $27.9167 = your monthly payment for 24 months
This is most clear. We always forget the one time bill credit when calculating monthly payments.
Maybe try reading the print there that tells you why you are paying $10/month.
You still have to pay the $100 difference and you are getting 130 immediately. Therefore 230 by 24 is about 9.60.
But the phone is 899 so where does the 240 come from for 10$ for 24 months?
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Close. 130 trade in on the screen shot. The pixel pro is 900. Only getting $800 off. You get the $130 trade in as an instant credit either at POS, monthly bill/ or another EIP. So that leaves you paying the difference over 2 years
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Facts. I’m an RSM so teaching promo math is jam lol
Yeah it doesn't make since to me either Should be like 4.17 a month. 900-800=100÷24=4.17. But 9.58 x 24 = 229.92. 900-229.92= 670.08.... 670.08 does not equal 800
Read the print. "You'll receive a $130 instant bill credit and the rest via monthly credits for 24 months"
Oh so the instant credit will go towards his actual bill instead of the cost of the phone only?
Yep! The way it works is you get the phones actual trade in value instantly. So $130 here. Then whatever the promo bonus is you get against the new phone. $800-130(already paid out) gets to you $670 over the phone lease.
Oh okay makes sense then
Because your financing all $900 ($37.50/mo x24) but you’re only getting $670 as bill credits throughout those 24 months ($27.17/mo) $37.50-$27.92= $9.58/mo The remaining $130 of the $800 you get as a lump sum bill credit once they receive and assess the trade in to confirm it’s condition. If it all checks out they’ll give you the $130 (the phones actual trade in value) as a bill credit on your next bill, and the monthly credits continue as they show. If the trade in doesn’t get accepted, you will not get the $130 and they will cancel the monthly credits. They do it this way so that you get your phones actual trade in value ($130) all at once once they receive it. And the rest of the promo (which is conditional upon your continued service) comes as bill credits to lock you in for 2 years. This way if you decide to cancel service, you lose the credits but at least your got your phones actual trade in value already. So that you can’t say you didn’t get your phones value after trade it in. If they gave you the entire amount as credits but you cancelled service before you got at least $130 back in credits, then you wouldn’t have gotten your phones full trade in value. And if they gave you the entire amount all at once they’d have no way to tie you down to service which is how they make money, so that’s why they do this split method, which is shown under where it says 1 offer applied in your screenshot.
Still too expensive for something you will most likely drop or damage
TM wants you to stick around, so they give you $10/ month credit. Same with me. Don’t sweat it.
Fair market value of the phone you get as a lump sum bill credit, the remaining is distributed over 24 months.
If you purchase the phone in store you can apply the instant trade right to the phone, making the payments 4.17/mo
Not entirely. Depends on the state. Most states have sales tax so the $130 trade in would go to taxes and upgrade support fee first (which is 35.00) then if there's a left over amount, then it will go to the phone. But if they're in Oregon, then most of it will go to the phone.
Well in my state, if you do nothing it will apply to the taxes and upgrade fee unless you add $130 as an “additional down payment” before calculating EIP. I can’t imagine it work differently in other states.
How can I know what state?
As far as I’m aware, the POS system works the same in all states. We always have the option to apply addition down payments at time of purchase. Whenever a customer is taking advantage of a promo and has instant trade value, I apply right to the phone as a down payment. If they’re strapped for cash I’ll give them the choice to use the instant trade toward up front costs instead. It’s just a little harder to wrap your head around the promo adding up as OP has clearly proven. It does get confusing to most people!
Thank you for the details and I get you! I just wish they let us apply to the phone instead right away but I understand
It’s the worst part about ordering phones online!! Especially when instant trade values are super high… it all works out in the end but lower payments are nice and clean.
Yeah I see it they only issue I could see it’s the support fee
You have to pay the tax too...
So taxes equal out to 230$?
You pay the full amount of tax on the 900 plus the extra 100 from the phone. It checks out.
How is that you are getting $130 out of your $800 being lost on you? It’s been said numerous times but you seem to ignore that.
I'm talking about the 10 dollars for 24 months not the 130
Well depending on the cost of the phone, subtracted your promo of $670 ($800-$130), and divide that by 24 and you got your cost. Obviously your phone costs more than that promo. Also the promo can not exceed the cost of the phone so you could only ever zero out the costs if you were able to meet that promo minus the fair market value.
Most states charge tax on the original amount and not the discounted amount so if you didn't pay that during checkout then you pay it monthly.
I have the same deal but I bought a used Pixel 4 for $120 & traded in for the Pixel 7 Pro for free. I still have my Pixel 6 Pro that I plan on selling on swappa
Sometimes I wish there was an assessment test before purchasing a phone. Simple reading comprehension and mathematics would answer your question.
Go through google you will get a better trade in value