T-Mobile’s New Jump Program Lets Customers Replace Phones Up to Three Times a Year

T-Mobile has introduced a new payment plan that gives subscribers the flexibility to replace their mobile phones whenever they want -- up to three times a year. For a monthly payment of as low as $15, consumers can get new phone and gain the flexibility to exchange their old phones for new ones at no additional upfront cost. There are certain caveats to the new Jump On Demand program, which starts June 28: The phone you’re trading must be in good working order.

This 18-month lease agreement is available initially on the most popular phones: Apple’s iPhone 6 and 6 Plus, the Samsung Galaxy S6, S6 edge and Note 4 and the LG G4. Monthly payments range from a $15 limited time promotion on iPhone 6 to $32.49 on a a Galaxy S6 edge. Consumers who want to keep the device at the end of the term will need to pay off the remaining balance of the retail price for the phone. This latest incentive is designed to help T-Mobile gain subscribers in the hyper-competitive domestic mobile phone market.