Metro PCS upgrade and finance options? Your experience?

jackroo · May 17, 2015

My wife and I have had Metro for almost 3 months now and would like to upgrade to either the S5 or S6. They really stick to the "yes, it has to be 90 days before you are eligible." I was trying to read online about financing options and even called them. They said it varies and is based on either credit or income. I'm obviously looking to finance because despite me wanting two phones I don't have over $1200 readily available on the spot for these phones. My question is what has been your guys experience with financing a phone through metro? How much would my bill go up if I got two S5s or S6s? I appreciate any responses.

DirtyDee · May 17, 2015

Its fine if you like paying double for a phone, have you considered T-Mobile?

jackroo · May 17, 2015

I tried with T-Mobile and that's how I ended up with Metro. Long story short is T-Mobile wants a huge deposit and out the door cost would be close to $700 for two phones and that's even for something like two S4s they quoted me. I like Metro because I feel I'm getting the T-Mobile network for cheap and I haven't been throttled despite using a lot of data between two phones (20+) and it's only $90 a month. Yes I realize my bill will go up if I finance phones but by how much do you think? I'm going into Metro later today to inquire. So I guess my last question to you is how would I end up paying double for my phones? :/

jackroo · May 17, 2015

So I stopped by a Metro down the street. They ran my info through their 3rd party lender. I was rejected from that. So if I want a new phone I will have to pay $988 for two S5s ($479 each plus $15 upgrade fee). Guess I'm hanging on to my Galaxy Light....

stevedec · May 17, 2015

Why don't you get a new unlocked S4 from Ebay for about $250? I didn't see much difference between an S4 and an S5 and got the S4.

Ninjew · May 17, 2015

I dont recommend financing if you are not sure you'll be able to pay it off in less than 90 days...

Let me break it down.. If you plan on using Progressive leasing here is what 1200 will look like

If you go with weekly
Weekly payments: 51.62
90 day buyout: 1,440
Total Cost after 6 months: 2,248.17
Total cost after 9 months: 2,483.05
Total Cost at full term: 2,736

if you go with Biweekly
Bi-weekly payments: 101.33
90 day buy out: Same as weekly
Total Cost after 6 months: 2,239.47
Total Cost after 9 Months: 2,453.27
Total Cost at full term: same as weekly

Monthly:
Monthly payment: 210.46
90 days buyout price: same as Bi-weekly
Total Cost after 6 months: 2,220.37
Total Cost after 9 months: 2,441.35
total cost at full term: same as bi weekly

This is pretty much what you will look at if you go with Smartpay as well. So, I suggest that you either buy one phone and pay it off as soon as you can so you dont get stuck with interest and then once you finish off paying that reapply and get the next phone.

jackroo · May 18, 2015

It's a lot to think about and i do appreciate the feedback and suggestions. It helps put things into perspective. I have at least a few options to go through. I definitely don't want to get stuck with interest and pay way more than what the phone is worth. And unlocked S4 may not be a bad idea either. Like I said, I'll consider my options. Thanks again guys

Scott Jarry · Dec 16, 2016

jackroo said:
My wife and I have had Metro for almost 3 months now and would like to upgrade to either the S5 or S6. They really stick to the "yes, it has to be 90 days before you are eligible." I was trying to read online about financing options and even called them. They said it varies and is based on either credit or income. I'm obviously looking to finance because despite me wanting two phones I don't have over $1200 readily available on the spot for these phones. My question is what has been your guys experience with financing a phone through metro? How much would my bill go up if I got two S5s or S6s? I appreciate any responses.[/QUO. Ok first off any body who spends that kind of money for a phone must have been dripped on there head. That is pathetic to spend more then 100 on any cell phone. My 100 LG 10 will do anything you 650...dollar phone will do. You must just like to spend money or act like your rich. I bet when you get paid you cash your check and fold it up and put it in your pocket. Hit the bar and restraints and pull out your cash like hey look at me. Sorry but you and everybody else that would spend more on a phone then i did on my first car has defiant issues LOL

tube517 · Dec 16, 2016

Unlocked S5s on Ebay are now going for $135 refurbished.

I almost bought one earlier this year but bought an LG G3 unlocked/refurb for $99 on Ebay which worked great on MetroPCS.

Vyrus69 · Dec 27, 2016

Just buy an unlocked G4 plus, great phone and much cheaper too. They also have an option through Moto maker to finance it.

Deena Lincon · Apr 27, 2018

jackroo said:
My wife and I have had Metro for almost 3 months now and would like to upgrade to either the S5 or S6. They really stick to the "yes, it has to be 90 days before you are eligible." I was trying to read online about financing options and even called them. They said it varies and is based on either credit or income. I'm obviously looking to finance because despite me wanting two phones I don't have over $1200 readily available on the spot for these phones. My question is what has been your guys experience with financing a phone through metro? How much would my bill go up if I got two S5s or S6s? I appreciate any responses.

Bobcool · May 1, 2018

ANYTIME you are considering a nice to have vs a need to have (phone upgrade vs say a working fridge or tires to pass inspection), its a matter of patience vs wasteful unnecessary cost (high interest rates). So, for nice to haves, take what would be the required weekly or monthly payment whatever and set it aside as if you were making the payment. If you stick to your plan you will have your phone and avoid costly interest, and if something needed comes up you will have that money instead of having to either finance it, do without, or defaulting on your phone payment. I dont mean to be insulting but if you havent been able to set aside the money to buy it up front in terms of budgeting/income vs expenses, do you really think (honestly asking this here, not a rhetorical question) youll be able to make the payments going forward without some financial hardship at some point? Financing is the mirror opposite of saving then buying, except 1 you pay almost double, and, 2 you bind yourself to payments every week. LASTLY- IF YOO GRIN, BEAR IT AND SAVE INSTEAD, by the time you have enough to buy, youll be able to buy a phone thats maybe not even out now, or at least have a new one whereas at the same point in time (if you finance) youll still be paying on a phone that will BE OLD AT THAT POINT.
Just my nine cents.

Metro PCS upgrade and finance options? Your experience?

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