Hi,
Apple just announced the new iPhone 12 models. Can someone please post the JOD pricing? I hope to buy a 12 Pro.
Thanks so much!
Bonnie
Best answer by magenta7596830
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JOD pricing for iPhone 12 Pro
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JOD is often 0 down for the new phones $1,000 and under the first few months the phone is out.
Divide the total price of the phone you want including tax by 24 and you’ll get a close approximation (assuming no down payment on the device you pick + you have good credit score on the account + enough EIP balance available to finance the device).
The remaining 6 payments at the end of your 18 is the purchase option price should you decide to keep it, the 24 is just a rough average for what they seem to choose as the divisor but is not ALWAYS exact.
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Thank you, but that doesn’t align with how it worked last year. I found a detailed post from last year and I was hoping you could replicate it.
Thanks!!
Best answer by magenta9945514
This is what a T-Mobile Rep sent me: Your account is considered well qualified, so you will be eligible for the lowest down payment that we can offer for each device. Keep in mind, these numbers are subject to change, and we will not have the actual amount until the pre order starts and also don't reflect your actual available credit line, but this is a ballpark for now.
iPhone 11 64GB $699.99; $0 down and $29.17 monthly
iPhone 11 128GB $749.99; $0 down and $31.67 monthly
iPhone 11 256GB $849.99; $75.99 down and $31 monthly
iPhone 11 Pro 64GB $999.99; $117.99 down and $31 monthly
iPhone 11 Pro 256GB $1,149.99;$213.99 down and $36 monthly
iPhone 11 Pro 512GB $1,349.99; $305.99 down and $39 monthly
iPhone 11 Pro Max 64GB $1,099.99; $181.99 down and $36 monthly
iPhone 11 Pro Max 256GB $1,249.99; $259.99 down and $38 monthly
iPhone 11 Pro Max 512GB $1,449.99; $369.99 down and $40 monthly
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Your example:
iPhone 11 Pro 256GB $1,149.99;$213.99 down and $36 monthly
1150 - 150 = 1000 / 24 = 41.67
1150 - 214 = 936 / 24 = 39
Like I said, “you’ll get a close approximation” to what you will likely pay, so it does align with how it works. Financing algorithms are not an exact science with a formula that spits out the same results for every phone and every credit class year after year, but it has a general pattern to it that I laid out. If a $2.67 difference on the bill may change your decision then you probably shouldn’t be looking at a $1,000 + tax phone.
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Ah gotcha, thanks so much. 😊
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Thanks so much!!
Userlevel 6
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Hey folks!
We’re chatting about things iPhone 12 in our Official iPhone 12 Pre-order Thread. For future questions, please there!
Thanks!
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