T-Mobile today announced its new smartphone leasing program called “JUMP! On Demand.” Under the new program, the magenta carrier will allow customers to switch up to three smartphones every year for free.

To enjoy this benefit though, T-Mobile customers will have to pay the carrier an additional amount every month over and above their monthly fee. Customers will be able to go to any T-Mobile store, trade in their existing smartphone, and walk out with a new one without paying a dime — not even sales tax. They can do this three times every year without incurring any kind of additional charges.

https://youtu.be/oHJUyKU3YIQ

JUMP! On Demand will be applicable for all smartphones, including iPhones, and will be available from July 28th. This basically means that you can ‘lease’ a Samsung Galaxy S 6 or LG G4 from T-Mobile now, and then upgrade to the Galaxy Note 5 or the next Nexus handset from Google later this year for free.

Compared to traditional two-year smartphone contracts, T-Mobile will be allowing its customers to switch up to six different phones during the same tenure.

What d0 you think about T-Mobile’s new JUMP! On Demand scheme?