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Post by kluski on May 17, 2015 1:28:42 GMT
I'm certain there is a catch. I get the pros are you can upgrade sooner and not put the money out up front but what are the cons?
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Post by iteach3rdgrade on May 17, 2015 2:04:02 GMT
They aren't giving away phones with that plan from what I understand. It's a more affordable way to buy an expensive phone rather than charging it to a credit card. I'm not sure why else they are pushing it.
We asked about the plan because I had an email that I could upgrade, but the store wasn't offering the same deal. Anyway, they offered a discount off the plan, which is something they are responsible for out of their pocket, but it's service so probably not a loss therefore they aren't losing money like they would on the phone. It was described as 2 different companies.
They'll suck people in and in a few years, we'll find out the bigger plan. Just like with unlimited data... hook you and then limit it.
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Deleted
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Aug 18, 2025 21:44:14 GMT
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Post by Deleted on May 17, 2015 2:04:16 GMT
I'm certain there is a catch. I get the pros are you can upgrade sooner and not put the money out up front but what are the cons? If your phone dies or you lose it, you still have to pay it off. |
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Post by *Scrapper*Stamper* on May 17, 2015 2:12:43 GMT
I'm quite sure the biggest reason is you pay full price for the phone. They charged me $850.00 for my iPhone that cost $199.00 with a two year contract. I immediately told them to kiss my ass and cancel. I was pissed that they lied to me and ordered from Apple. Then after the update with the iPhone that went crazy, I canceled my contract and left Verizon after 17 years because we were lied to every single time we made a plan change or added a line.
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Post by peasful1 on May 17, 2015 3:11:44 GMT
Did you know Verizon will give you a $25 credit per month for every phone out of contract on your account?
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scrappinghappy
Pearl Clutcher
“I’m late, I’m late for a very important date. No time to say “Hello.” Goodbye. I’m late...."
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Post by scrappinghappy on May 17, 2015 3:12:57 GMT
You pay full price for the phone in monthly installments and if you choose to upgrade before you've paid for the phone in full you do not get to keep the phone. You have to send it back! With the New every 2 plan you can at least sell your old phone to recoup some of the equity. The edge plan is the biggest rip off ever if you use it the way it's marketed
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Post by traceys on May 17, 2015 3:33:18 GMT
Is that like the AT&T Next plan? It sounded kind of like it to me.....I'm guessing they are doing it to be competitive with that feature.
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Post by Ryann on May 17, 2015 3:42:20 GMT
My step-son just bought an iPhone 6+ on the Verizon Edge plan. He's 21 with no credit to his name. He's paying $31/mo plus $11/mo for insurance on the phone. Since the phone is tied to our plan, each phone number on our plan receives a monthly $25 credit. Our phone bill has actually decreased overall by $30 - and with step-son paying us $40/mo for his phone, DH and I are paying less out of our pocket. So it's a win/win in our house.
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sweetpeasmom
Pearl Clutcher
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Post by sweetpeasmom on May 17, 2015 4:12:35 GMT
Actually, I was told that I got a $100 discount off the bat for getting my 6 on the Edge plan. I didn't have the $200 up front to pay for it all at once. So the Edge plan worked for me. I don't upgrade my phones that often, so that isn't appealing to me. I'm about to go tomorrow and get phones for my kids. I will be doing the Edge with theirs too. I also like the $25 per line discount I'm getting too.
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Post by JustKim on May 17, 2015 5:23:53 GMT
Did you know Verizon will give you a $25 credit per month for every phone out of contract on your account? I learned that last Winter but you have to ask for it. I had been out of contract for 2 years and did not receive the credit. I will next time cuz I am pretty gentle on phones and tend to keep them for several years |
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Post by cade387 on May 17, 2015 10:57:50 GMT
We are all out of contact and didn't have to switch to the edge plan to get the discounts. I think we are on the more everything or share everything plan still. Our bill went from 180/month to 110/month just because I walked in and asked. I think they bank on people not asking (like not sending in a rebate, etc)
If you do get a new phone, when that one is out of contract after two years you have to ask for the discount again. They don't automatically apply it.
The discount we get through my employer and the coverage in our area don't give many options. I refuse to deal with AT&T at all as they only company I've found to be worse than Comcast to deal with.
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Post by KelleeM on May 17, 2015 11:14:17 GMT
Did you know Verizon will give you a $25 credit per month for every phone out of contract on your account? Hmm...we were offered $15 a month for our out of contract phones. Our contract was up on March 2. We each have an iPhone 5 which are working fine. DH didn't want to upgrade and I wanted to be certainly didn't need to so we kept our 5s and dropped the insurance which saved us another $9.99 each but the actually discount was only $15. Maybe I should have called. I've been with Verizon since 1998 and am wondering if maybe it's time for a change. |
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scrappinghappy
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Post by scrappinghappy on May 17, 2015 14:10:09 GMT
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Post by eebud on May 17, 2015 15:36:57 GMT
I'm not sure that I understand what people think is the rip off about these plans......Verizon's Edge and ATT Next. If you buy a new phone at the reduced price with a 2 year contract, part of that contract amount is paying for the rest of the phone. This is why they will now reduce the bill if you are not under contract. You have already completely paid for your phone. If you go with the Verizon Edge or ATT Next, you are getting a lower monthly amount for service but if you want to buy your phone by making payments, then you will pay the extra until you pay the phone off. If you decide to upgrade 1 year into having this new phone that you didn't buy outright, then you have to turn the phone in when you upgrade. You have not finished paying for the phone yet. You get the brand new phone and they get your other phone as a trade in that they can sell and recoup their money. You can also pay the balance yourself and keep your phone to sell or whatever if you want. I don't see it as a rip off that you have to turn in something you have only paid half off. If you lose or break your phone and you don't have insurance, then you will still be paying for the phone and it is now gone. How is that different from a 2 year contract? If you lose or break your phone on the 2-year contract, your contract doesn't end. You will still be paying for the phone with your higher monthly service payments until your contract is up.
rsalamon said that her DSS is paying $31 a month for a iPhone 6+ on the Edge plan. The cheapest iPhoen 6+ is $749 is you buy it outright. $31 * 24 months = $749. He is doing nothing more than buying the phone on a interest free payment plan. If he wants to turn it in after 1 year, he can and get the next new phone. At that point, he has only paid $372. I see nothing wrong with him having to give it back if he wants a new phone before he pays it of. He has the option to pay it in full and keep it. He also had a $25 reduction in his service plan.
I guess I am not seeing the rip off that some of you are seeing. Someone please let me know what I am missing about this plan. I have AT&T and we are not under contract on either of our phones. There is a $25 reduction of each phone plan. When I decide to upgrade, I will buy the phone outright or will buy it on the payment plan.
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JustTricia
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Posts: 2,894
Location: Indianapolis
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Post by JustTricia on May 17, 2015 15:57:38 GMT
I'm not sure that I understand what people think is the rip off about these plans......Verizon's Edge and ATT Next. If you buy a new phone at the reduced price with a 2 year contract, part of that contract amount is paying for the rest of the phone. This is why they will now reduce the bill if you are not under contract. You have already completely paid for your phone. If you go with the Verizon Edge or ATT Next, you are getting a lower monthly amount for service but if you want to buy your phone by making payments, then you will pay the extra until you pay the phone off. If you decide to upgrade 1 year into having this new phone that you didn't buy outright, then you have to turn the phone in when you upgrade. You have not finished paying for the phone yet. You get the brand new phone and they get your other phone as a trade in that they can sell and recoup their money. You can also pay the balance yourself and keep your phone to sell or whatever if you want. I don't see it as a rip off that you have to turn in something you have only paid half off. If you lose or break your phone and you don't have insurance, then you will still be paying for the phone and it is now gone. How is that different from a 2 year contract? If you lose or break your phone on the 2-year contract, your contract doesn't end. You will still be paying for the phone with your higher monthly service payments until your contract is up. rsalamon said that her DSS is paying $31 a month for a iPhone 6+ on the Edge plan. The cheapest iPhoen 6+ is $749 is you buy it outright. $31 * 24 months = $749. He is doing nothing more than buying the phone on a interest free payment plan. If he wants to turn it in after 1 year, he can and get the next new phone. At that point, he has only paid $372. I see nothing wrong with him having to give it back if he wants a new phone before he pays it of. He has the option to pay it in full and keep it. He also had a $25 reduction in his service plan. I guess I am not seeing the rip off that some of you are seeing. Someone please let me know what I am missing about this plan. I have AT&T and we are not under contract on either of our phones. There is a $25 reduction of each phone plan. When I decide to upgrade, I will buy the phone outright or will buy it on the payment plan. Three years ago when I upgraded my iPhone to a 4S, so not the current phone at the time, I paid $99 for my phone, a small activation fee, and my monthly cost did not go up. This April I upgraded to a 5S for $199 and my monthly cost went up $5 a month. Neither time did I use the Next plan, just a regular two year contract. If I decide to leave mid-contract I will owe a cancellation fee. With Next I'd owe the rest of the phone as well. To me, that's why I don't get it at all. If I would have gone with the Next plan in April I would have been out $0 at the beginning but it would have cost an additional $30ish a month for 18 months. 30x18=$540 vs $199 phone upfront +5x24 (Adel $5 per month x 24 months)=$319 |
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Post by eebud on May 17, 2015 16:12:07 GMT
I see from Scrappinhappy's link that with Verizon (not sure if ATT is the same but it probably is) that he would have to keep the phone for 18 months paying monthly with the Edge plan if they want to keep the phone. They won't allow them to pay the phone off. He can pay it off after 18 months and keep it.
Right now, with ATT, I was changed to out of the contract rates after I had only had my iPhone 5s for 13 or 14 months. I am paying the reduced rate. When I decide to upgrade, I will probably buy my phone outright and DH will get my 5s. In the meantime, I will be paying the reduced rate for
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Post by eebud on May 17, 2015 16:18:47 GMT
I'm not sure that I understand what people think is the rip off about these plans......Verizon's Edge and ATT Next. If you buy a new phone at the reduced price with a 2 year contract, part of that contract amount is paying for the rest of the phone. This is why they will now reduce the bill if you are not under contract. You have already completely paid for your phone. If you go with the Verizon Edge or ATT Next, you are getting a lower monthly amount for service but if you want to buy your phone by making payments, then you will pay the extra until you pay the phone off. If you decide to upgrade 1 year into having this new phone that you didn't buy outright, then you have to turn the phone in when you upgrade. You have not finished paying for the phone yet. You get the brand new phone and they get your other phone as a trade in that they can sell and recoup their money. You can also pay the balance yourself and keep your phone to sell or whatever if you want. I don't see it as a rip off that you have to turn in something you have only paid half off. If you lose or break your phone and you don't have insurance, then you will still be paying for the phone and it is now gone. How is that different from a 2 year contract? If you lose or break your phone on the 2-year contract, your contract doesn't end. You will still be paying for the phone with your higher monthly service payments until your contract is up. rsalamon said that her DSS is paying $31 a month for a iPhone 6+ on the Edge plan. The cheapest iPhoen 6+ is $749 is you buy it outright. $31 * 24 months = $749. He is doing nothing more than buying the phone on a interest free payment plan. If he wants to turn it in after 1 year, he can and get the next new phone. At that point, he has only paid $372. I see nothing wrong with him having to give it back if he wants a new phone before he pays it of. He has the option to pay it in full and keep it. He also had a $25 reduction in his service plan. I guess I am not seeing the rip off that some of you are seeing. Someone please let me know what I am missing about this plan. I have AT&T and we are not under contract on either of our phones. There is a $25 reduction of each phone plan. When I decide to upgrade, I will buy the phone outright or will buy it on the payment plan. Three years ago when I upgraded my iPhone to a 4S, so not the current phone at the time, I paid $99 for my phone, a small activation fee, and my monthly cost did not go up. This April I upgraded to a 5S for $199 and my monthly cost went up $5 a month. Neither time did I use the Next plan, just a regular two year contract. If I decide to leave mid-contract I will owe a cancellation fee. With Next I'd owe the rest of the phone as well. To me, that's why I don't get it at all. If I would have gone with the Next plan in April I would have been out $0 at the beginning but it would have cost an additional $30ish a month for 18 months. 30x18=$540 vs $199 phone upfront +5x24 (Adel $5 per month x 24 months)=$319 That doesn't take into account the reduction you would have had in your monthly bill for service. That is assuming you would be paying the same amount for service but you wouldn't. Ultimately it still might have cost more but you have to account for the lower monthly service fee. The example in the link shows a $90 difference over 24 months. At that point, both could go to an out of contract rate if they didn't care about upgrading phones. On the Edge/Next plans, it would be automatic because you quit paying for your phone and the rate is already the same as the out of contract. I wonder how many people are not under contract but have not gone into a store to get their rate reduced? My dad is definitely one of those people. LOL I have told him to check on it. He is using an ancient phone and still paying as if he were under a 2 year contract and still paying for a telephone. ***ETA Sweetpeasmom said that they gave her a $100 credit up front on the phone if she went with the Edge plan. If that is standard, then that brings the price right back to the same amount as it is if you go with a 2 year contract. |
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JustTricia
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Posts: 2,894
Location: Indianapolis
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Post by JustTricia on May 17, 2015 16:34:27 GMT
Three years ago when I upgraded my iPhone to a 4S, so not the current phone at the time, I paid $99 for my phone, a small activation fee, and my monthly cost did not go up. This April I upgraded to a 5S for $199 and my monthly cost went up $5 a month. Neither time did I use the Next plan, just a regular two year contract. If I decide to leave mid-contract I will owe a cancellation fee. With Next I'd owe the rest of the phone as well. To me, that's why I don't get it at all. If I would have gone with the Next plan in April I would have been out $0 at the beginning but it would have cost an additional $30ish a month for 18 months. 30x18=$540 vs $199 phone upfront +5x24 (Adel $5 per month x 24 months)=$319 That doesn't take into account the reduction you would have had in your monthly bill for service. That is assuming you would be paying the same amount for service but you wouldn't. Ultimately it still might have cost more but you have to account for the lower monthly service fee. The example in the link shows a $90 difference over 24 months. At that point, both could go to an out of contract rate if they didn't care about upgrading phones. On the Edge/Next plans, it would be automatic because you quit paying for your phone and the rate is already the same as the out of contract. I wonder how many people are not under contract but have not gone into a store to get their rate reduced? My dad is definitely one of those people. LOL I have told him to check on it. He is using an ancient phone and still paying as if he were under a 2 year contract and still paying for a telephone. ***ETA Sweetpeasmom said that they gave her a $100 credit up front on the phone if she went with the Edge plan. If that is standard, then that brings the price right back to the same amount as it is if you go with a 2 year contract. It would be nice if all their salespeople knew about the reduction, then. I went to an AT&T store to discuss everything. The numbers above are what I got from the salesperson and when I pointed out the cost difference they (yes, more than one person helping me) said they didn't get it, either. |
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Post by eebud on May 17, 2015 16:40:15 GMT
That doesn't take into account the reduction you would have had in your monthly bill for service. That is assuming you would be paying the same amount for service but you wouldn't. Ultimately it still might have cost more but you have to account for the lower monthly service fee. The example in the link shows a $90 difference over 24 months. At that point, both could go to an out of contract rate if they didn't care about upgrading phones. On the Edge/Next plans, it would be automatic because you quit paying for your phone and the rate is already the same as the out of contract. I wonder how many people are not under contract but have not gone into a store to get their rate reduced? My dad is definitely one of those people. LOL I have told him to check on it. He is using an ancient phone and still paying as if he were under a 2 year contract and still paying for a telephone. ***ETA Sweetpeasmom said that they gave her a $100 credit up front on the phone if she went with the Edge plan. If that is standard, then that brings the price right back to the same amount as it is if you go with a 2 year contract. It would be nice if all their salespeople knew about the reduction, then. I went to an AT&T store to discuss everything. The numbers above are what I got from the salesperson and when I pointed out the cost difference they (yes, more than one person helping me) said they didn't get it, either. It does sound like they need to train the employees in that store. The employee I had had no problem explaining it to me. I am not on the Next plan right now but he explained it to me in case that is what I decided to do when I wanted to upgrade one of our phones. ***ETA One other thing that the salesman suggested to me is to every now and then stop in the store and see if they had any specials going that would lower my bill or add to my data plan, etc. He said they have specials frequently and if there is one going on when I stop in, they can change me to it at no cost. For example, they had a data special going when I was there and I get 3 gig of data for the price of 2 gigs. I also have data roll over now. That was automatic. It only rolls for one month but it is still nice that if I only use 1 gig one month, I have 5 gig available to me the following month at no extra charge. |
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Post by shannonscraps on May 17, 2015 16:41:01 GMT
We use AT&T. When we upgraded our phones we were told that if we purchased a phone $199 with a 2 year contract that there would be an additional $25 added to our bill for each phone every month. Basically that is how they recoup the cost of the phone. That extra $25 would never come off of our bill, so in essence we would keep paying for it as long as we had the phones even if we went off contract with them. With the Next plan we were told that when you are finished paying off your phone that portion drops off your bill so you would end up paying less in the long run.
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Post by Sparki on May 17, 2015 16:41:08 GMT
I just went with the Edge plan, and it was actually right at the same price as contract/standard. More data, better phone, same price = win/win.
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Post by eebud on May 17, 2015 16:47:18 GMT
We use AT&T. When we upgraded our phones we were told that if we purchased a phone $199 with a 2 year contract that there would be an additional $25 added to our bill for each phone every month. Basically that is how they recoup the cost of the phone. That extra $25 would never come off of our bill, so in essence we would keep paying for it as long as we had the phones even if we went off contract with them. With the Next plan we were told that when you are finished paying off your phone that portion drops off your bill so you would end up paying less in the long run. The one thing that your salesman didn't tell you is that after your 2 year contract, you can go in and ask to be moved to an out of contract amount. But, you have to do this. It is not automatic. If you are on the Next plan, the payment falls off your bill so you are automatically on the out of contract rate. You don't end up like my dad who will not take the time to go in and change his phone plan to one that is out of contract even though he has been out of contract for probably at least 3 years. |
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Post by shannonscraps on May 17, 2015 16:51:12 GMT
We use AT&T. When we upgraded our phones we were told that if we purchased a phone $199 with a 2 year contract that there would be an additional $25 added to our bill for each phone every month. Basically that is how they recoup the cost of the phone. That extra $25 would never come off of our bill, so in essence we would keep paying for it as long as we had the phones even if we went off contract with them. With the Next plan we were told that when you are finished paying off your phone that portion drops off your bill so you would end up paying less in the long run. The one thing that your salesman didn't tell you is that after your 2 year contract, you can go in and ask to be moved to an out of contract amount. But, you have to do this. It is not automatic. If you are on the Next plan, the payment falls off your bill so you are automatically on the out of contract rate. You don't end up like my dad who will not take the time to go in and change his phone plan to one that is out of contract even though he has been out of contract for probably at least 3 years. He actually told us that it would not be removed, but maybe he was misinformed. |
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Nink
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Posts: 4,963
Location: North Idaho
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Post by Nink on May 17, 2015 17:00:25 GMT
We have the AT&T Next plan. We have 8 devices on our plan. With the next plan the rate per line is $15 as opposed to $40 per line doing it with a two year contract. We are doing our phones on payments and don't plan on getting new ones until these are completely paid off. Once they are paid off, we still get the $15 rate w/o a payment. That would not be the case if we did a two year contract price. It remains at $40 a line. At least that's how it has been explained to us by a few agents.
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Post by eebud on May 17, 2015 17:34:36 GMT
The one thing that your salesman didn't tell you is that after your 2 year contract, you can go in and ask to be moved to an out of contract amount. But, you have to do this. It is not automatic. If you are on the Next plan, the payment falls off your bill so you are automatically on the out of contract rate. You don't end up like my dad who will not take the time to go in and change his phone plan to one that is out of contract even though he has been out of contract for probably at least 3 years. He actually told us that it would not be removed, but maybe he was misinformed. You can definitely go out of contract. I am on that right now. However, what might happen is that it might be based on whatever rates are at the time vs. sticking with whatever you currently have. For example, when I went out of contract, they had a special going for 3 gigs of data at the 2 gig price. That is what I am currently on. If I go into the store and want to move to the Next plan and get a phone with a payment plan, I might lose that because I would be going to a different contract. I went out of contract when we added DH to the plan and we now share data. I gave up my unlimited data. I didn't get to keep that AND add DH. I had to go to a new "contract" which is actually an out-of-contract. I hope that makes sense. LOL The out-of-contract rate is the same at the Next plan rate...........whatever that might be at the time. One other word of caution, at least for some people.............if you receive a corporate discount, you need to understand what portion of your bill you are receiving your discount on. For instance, if you are only receiving your discount on the monthly service fee and not the data portion of the monthly fee, then when you reduce the amount of your monthly fee, you are also losing some of your corporate discount. Therefore, you might look at your total bill and think that it is not going to change much, if at all, and when you get your first bill, you find the numbers are higher than you expected. That can happen because you have a corporate discount on only your one line and the monthly fee on that line went down so your discount amount also went down since you receive a percentage. This happened to me when I added DH. |
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Post by MaryPea on May 17, 2015 20:34:36 GMT
i'm about to be out of contract with AT&T and am dying for an iPhone6 (with 64 gb). i have one phone on my plan and grandfathered unlimited data that i want to keep.
2 years ago when i went out of contract they offered me a free iPhone 5 with trade in of my iPhone 4s. i'm hoping i get an offer like that again.
i will consider their Next plan as i won't have to pay the $40 upgrade fee.
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Post by cadoodlebug on May 17, 2015 20:47:28 GMT
Did you know Verizon will give you a $25 credit per month for every phone out of contract on your account? Yep, several months ago our bill went from $170 a month to about $105!  |
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Post by kluski on May 18, 2015 1:00:35 GMT
I am a tad ticked bc I have been out of contract for at least two years but my dumb phone still costs $30/ month for service while my dd's iPhone costs $40/month for service.
$70 plus $50/data plus $11 taxes& fees and $10 insurance equals way too much for one dumb phone and one smart phone.
Although I am desperately trying to upgrade my phone in the next couple of days. If I can just weed through the plans.
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Post by peanutterbutter on May 18, 2015 1:37:24 GMT
Just a suggestion, but i did sqare trade warranties for our smart phones. It was a one time hit, but worked out to be much cheaper than doing a warranty through verizon. Plus I found a coupon code on retail me not to make it even cheaper!
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Deleted
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Aug 18, 2025 21:44:14 GMT
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Post by Deleted on May 18, 2015 2:46:57 GMT
I called to ask whether it was better than my current plan and after looking at everything, the Verizon agent told me it would save me $2. And then found I was owed a $10 credit for something and took care of that. So they may advertising the heck of this plan but i would have to say they aren't pushing it.
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