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Seeing as how getting a Nexus 4 from the Play Store within the next month may be impossible, who here is considering / has already purchased one full price from T-Mobile?
To my understanding, they're the exact same units as the ones sold on the Play Store (not carrier locked)
Another little perk is that exchanges would be a breeze if there was some defect in the phone.
How much is the price for that?
tyraelasd said:
How much is the price for that?
Click to expand...
Click to collapse
$499.
An idea would be to start a new contract, then cancel it over the phone in the same hour. I think your total price would be around $400
Maroon Mushroom said:
$499.
An idea would be to start a new contract, then cancel it over the phone in the same hour. I think your total price would be around $400
Click to expand...
Click to collapse
+ tax and prorated cell phone bill for at least 1 day.
T-Mobile is $499 plus tax
Good luck trying to buy off contract at T-Mobile store, I found 2 stores in Atlanta that had 1 left and they refused to sell of contract. They said the first batch is for new lines and upgrades. I tried to get one of my cousins upgrade for t-mobile, but he was out of town and I couldn't get him to make me a authorized user since he wasn't the primary to account. You can try your luck, it might be a YMMV situation.
crawlgsx said:
+ tax and prorated cell phone bill for at least 1 day.
Click to expand...
Click to collapse
Prorated cell phone bill would be less than $5.
No tax here in Oregon, the only thing I may have to worry about would be an activation fee
Are you sure you're able to do that? I thought they would try to charge you the full month before canceling.
This has been discussed in this thread
T-Mobile Nexus 4 thread [DISCUSSION] [NEWS]
Closed
To the forum moderator, if this is in the wrong forum, please relocate it.
As I recall, under the family plan I had before switching to the Shared Data Plan, four devices sharing 10gb data with unlimited talk and text, I could upgrade any of the four smart phones with a two year extension to my contract and my monthly cost would not change. Under the new plan, your monthly cost will increase by $25 for the length of the two year contract. That's $600. Add the $100 I paid for my Galaxy s5, that means I will be paying $700 for the phone.
retnuh said:
To the forum moderator, if this is in the wrong forum, please relocate it.
As I recall, under the family plan I had before switching to the Shared Data Plan, four devices sharing 10gb data with unlimited talk and text, I could upgrade any of the four smart phones with a two year extension to my contract and my monthly cost would not change. Under the new plan, your monthly cost will increase by $25 for the length of the two year contract. That's $600. Add the $100 I paid for my Galaxy s5, that means I will be paying $700 for the phone.
Click to expand...
Click to collapse
Yeah, they got us with that one too. At first they told us we could upgrade so when my son married, we added his wife and she got the Note 3. We though it should be the 15 per month and we even had it in writing but when the first bill came it was 40 instead of 15. Of course I called and complained and they told me that was how it worked but they could give me a discount for a few months. Since I had it in writing I escalated it to the "Presidents Office" and I ended up getting 18 months credit so she only had to pay 25 for 6 months.
I think they are very deceptive about this or they really didn't understand how the program worked. It was very frustrating.
retnuh said:
To the forum moderator, if this is in the wrong forum, please relocate it.
As I recall, under the family plan I had before switching to the Shared Data Plan, four devices sharing 10gb data with unlimited talk and text, I could upgrade any of the four smart phones with a two year extension to my contract and my monthly cost would not change. Under the new plan, your monthly cost will increase by $25 for the length of the two year contract. That's $600. Add the $100 I paid for my Galaxy s5, that means I will be paying $700 for the phone.
Click to expand...
Click to collapse
It is a little confusing, but I had the opposite experience. It actually seems like a good deal to me. In the old days, once your contract was up, you'd still pay an inflated price for service, so it made financial sense to upgrade at every opportunity if you don't mind being locked in for another 2 years. Now, once your contract is up, you stop paying for the phone.
When I switched myself online, I did a ton of research on the actual cost because I knew the original shared data plans' pricing would have cost me a ton more than I was already paying, but I knew they had restructured them. I personally did not miss the part on the web page about the cost being $25 less if you brought your own phone, but I could see that being glossed over by a sales rep.
Since I own my GS5 outright, I am ahead by $25/mo now that I switched to the new plan. It's still an outrageous amount to pay for data but at least I'm not paying $25 extra for nothing, in perpetuity. The funny thing is my contract should have a few months left but perhaps because I was using the GS5 when I switched, it ended early. I'm not complaining.
So yeah, you're paying $700 over 2 years for a phone that would cost you $650 up front with no contract. Better interest rate than you'd get on a credit card. Did you think we were really getting those phones for "free" before?
Its because the price is for the SERVICE, not the device. Your device is extra. If you buy phones outright, (full price, no subsidy) then you get the cheaper price, no addon per month. Like what I did, 120/mo for shared 10gb, 3 lines, unlimited talk & text. But that doesn't include phones, so I bought mine outright so it would stay 120/mo. Or you can buy phones cheap like what 99.9% of people assume is "normal" price, pay the subsidy and the monthly charges added on. Read the details on your service contract instead of just signing the line.:cyclops:
retnuh said:
To the forum moderator, if this is in the wrong forum, please relocate it.
As I recall, under the family plan I had before switching to the Shared Data Plan, four devices sharing 10gb data with unlimited talk and text, I could upgrade any of the four smart phones with a two year extension to my contract and my monthly cost would not change. Under the new plan, your monthly cost will increase by $25 for the length of the two year contract. That's $600. Add the $100 I paid for my Galaxy s5, that means I will be paying $700 for the phone.
Click to expand...
Click to collapse
that is the "Next" plan you can upgrade every year but your paying full price for the phone only in payments not all at once.
jdock said:
In the old days, once your contract was up, you'd still pay an inflated price for service
Click to expand...
Click to collapse
All I did was to call them up saying that my contract is up, and I would like to switch to prepaid cos its cheaper, and she gave me $25 off for the next 12 months, and no contract extension, just to retain me.
Just do NEXT, it's a lot cheaper long term and you get two phones for the price of one! I got my S5 on next and got one for my sister also, we pay $30 a month for our device cost, and get a $25 bill discount for each line. Our total for three lines on a 10GB Shared Plan is $190 including both devices. We have a third line for mom with a Moto G. Our total service cost is $130.
For anyone wondering, I did the math on the three options provided by Verizon in terms of paying for the S6 Edge. Here are my equations, where n is sales tax. If you want to find out the cost where you live, replace n with (1+your sales tax). So if your sales tax is 9%, n=1.09:
32 GB
Verizon Edge: (29.16)(24)n=
2 Yr Contract: 299.99+[699.99(n-1)]+(15*24)n=
Full Price: (699.99)n=
64GB
Verizon Edge: (33.33)(24)n=
2 Yr Contract: 399.99+[799.99(n-1)]+(15*24)n=
Full Price: (799.99)n=
128GB
Verizon Edge: (37.49)(24)n=
2 Yr Contract: 499.99+[899.99(n-1)]+(15*24)n=
Full Price: (899.99)n=
For example purposes, I calculated with a sales tax of 9%. At 9%:
32 GB
Verizon Edge: $735.83
2 Yr Contract: $755.39
Full Price: $762.99
64GB
Verizon Edge: $871.91
2 Yr Contract: $864.39
Full Price: $871.99
128GB
Verizon Edge: $980.74
2 Yr Contract: $973.39
Full Price: $980.99
This only the device, not the amount you'll be spending per month in terms of data and minutes. However, the 15 dollar discount you receive for being off-contract is included in the price difference when compared to the 2 Yr Contract. I also didn't include any promotions held by Samsung, Verizon, or any other companies, as to keep this relevant for future readers.
In conclusion, inflation makes the difference between Verizon Edge and 2 Yr Contract negligible, so if you're on the fence, choose whatever you're comfortable with. Inflation also makes it much cheaper for you to pay through Verizon Edge instead of paying everything up front. So unless you're getting a significant discount somehow through a different dealer or Amazon or something, don't purchase the phone with a single payment.
+ no $40 activation fee for Verizon Edge
+ $100 bill credit to the new customer for Verizon Edge
No that best buy also sells phone with Verizon Edge, but the price is $150 higher than the Verizon Shop. I ordered mine from Verizon. I miss the preorder bonus from best buy (wireless charger), but I can find cheaper chargers in Amazon ($10 duracell bundle)
inkrededibles said:
For anyone wondering, I did the math on the three options provided by Verizon in terms of paying for the S6 Edge. Here are my equations, where n is sales tax. If you want to find out the cost where you live, replace n with (1+your sales tax). So if your sales tax is 9%, n=1.09:
32 GB
Verizon Edge: (29.16)(24)n=
2 Yr Contract: 299.99+[699.99(n-1)]+(15*24)n=
Full Price: (699.99)n=
64GB
Verizon Edge: (33.33)(24)n=
2 Yr Contract: 399.99+[799.99(n-1)]+(15*24)n=
Full Price: (799.99)n=
128GB
Verizon Edge: (37.49)(24)n=
2 Yr Contract: 499.99+[899.99(n-1)]+(15*24)n=
Full Price: (899.99)n=
For example purposes, I calculated with a sales tax of 9%. At 9%:
32 GB
Verizon Edge: $735.83
2 Yr Contract: $755.39
Full Price: $762.99
64GB
Verizon Edge: $871.91
2 Yr Contract: $864.39
Full Price: $871.99
128GB
Verizon Edge: $980.74
2 Yr Contract: $973.39
Full Price: $980.99
This only the device, not the amount you'll be spending per month in terms of data and minutes. However, the 15 dollar discount you receive for being off-contract is included in the price difference when compared to the 2 Yr Contract. I also didn't include any promotions held by Samsung, Verizon, or any other companies, as to keep this relevant for future readers.
In conclusion, inflation makes the difference between Verizon Edge and 2 Yr Contract negligible, so if you're on the fence, choose whatever you're comfortable with. Inflation also makes it much cheaper for you to pay through Verizon Edge instead of paying everything up front. So unless you're getting a significant discount somehow through a different dealer or Amazon or something, don't purchase the phone with a single payment.
Click to expand...
Click to collapse
I actually did something quite similar but I simply went through the process twice on Verizon's device and plan pages.
For an S6 Edge using their 'Edge' service plan it worked out to $101.30 per month, basic service, 2GB, no addons, pre tax.
For an S6 under 2 year contract it came out to $72 and change plus the $349.99.
Running those numbers, the Edge plan cost $2431.20 over the course of 24 months. (taxes and fee's extra)
The contract rate however was $1735.2 + the $349.99 = $2085.19! (taxes and fees extra)
Now, there's the activation fee pay right? then that $30 discount for renewal but in my case an additional $100 for phone trade and the $50 mail in rebate.
Anyway, I realize your mileage may vary but according to the numbers I got off of Verizon's website, the Edge plan is an absolutely terrible option. Maybe multiple lines or large data plans might change that but for me the difference was roughly $486 savings to go with the contract.
Food for thought.
I guess you didn't count $15 / month discount for the customers with Edge program.
So basically you have to subtract 15*24 = $360 from the price.
I saw an article somewhere around the internet.. and it actually was the same price for both contract and edge including the activation fee.
But new customers are likely get $100 more benefit from the edge.
Again, existing customers can get a free gift if preorder through Best Buy.
Causality said:
I actually did something quite similar but I simply went through the process twice on Verizon's device and plan pages.
For an S6 Edge using their 'Edge' service plan it worked out to $101.30 per month, basic service, 2GB, no addons, pre tax.
For an S6 under 2 year contract it came out to $72 and change plus the $349.99.
Running those numbers, the Edge plan cost $2431.20 over the course of 24 months. (taxes and fee's extra)
The contract rate however was $1735.2 + the $349.99 = $2085.19! (taxes and fees extra)
Now, there's the activation fee pay right? then that $30 discount for renewal but in my case an additional $100 for phone trade and the $50 mail in rebate.
Anyway, I realize your mileage may vary but according to the numbers I got off of Verizon's website, the Edge plan is an absolutely terrible option. Maybe multiple lines or large data plans might change that but for me the difference was roughly $486 savings to go with the contract.
Food for thought.
Click to expand...
Click to collapse
I did a 2-year contract upgrade and not sure if it was noted or not but there was a $40 upgrade fee included as well.
Hey, nice to make your acquaintance.
Unfortunately the numbers still don't pan out. I just went through and did it again, this time the contract price came out to $80 per month. not sure why I saw $72 last time and $80 this time but....
Anyway, That's the monthly price minus fees and taxes. I didn't forget to add anything, Verizon did it all on their checkout page. 80*24+40-30+200=2130.
2 year Edge: 2430
2 year Contract: 2130
I was wrong in saying $486 and for that, my bad, but no matter how you slice it, contract is cheaper for a single line plan. Unless you need to upgrade often I just can't see the point. Then again, I've been on Verizon since the bastards absorbed Alltel years ago. Now that was a good company. I've never been particularly fond of Verizon but... I'm a CDMA guy so I don't see that I have much of a choice.
Edge is cheaper.
NoFanboy said:
Edge is cheaper.
Click to expand...
Click to collapse
I'm sure it is for some. For a single line, 2GB plan, no, it is not. Go to Verizon and price them both out... It's all there on their page.
Also, I believe at the higher-tier plans, you get a $25/mo discount off, not just $15. Here is a good website that breaks it down:
http://www.gottabemobile.com/2015/03/29/galaxy-s6-verizon-edge-vs-verizon-2-year-contract-prices/
eyc said:
Also, I believe at the higher-tier plans, you get a $25/mo discount off, not just $15. Here is a good website that breaks it down:
http://www.gottabemobile.com/2015/03/29/galaxy-s6-verizon-edge-vs-verizon-2-year-contract-prices/
Click to expand...
Click to collapse
Yep minimum 8GB of data gives you -25$ Discount so add that 25$x24 months. (as a saving)
patt2k said:
Yep minimum 8GB of data gives you -25$ Discount so add that 25$x24 months. (as a saving)
Click to expand...
Click to collapse
*6GB
Masciale said:
*6GB
Click to expand...
Click to collapse
Yea i realized my mistake later was to lazy to edit lol
Sent from my SM-N910V using Tapatalk
My analysis goes like this....
I HAVE to have 64gb. 32 if MicroSD would be fine. But... that means 64 is a must since no more MicroSD.
I have unlimited data. If I go to Edge or renew my contract (I am off contract for over a year) I am forced onto a new plan AND loose unlimited. When I did the math on the prices/costs/fees of a new plan over 2 years (and unlimited data loss) VERSUS just outright keeping the phone and plan and data and no contract I have now, buying the phone outright wins in a dollars to dollars comparison.
9% sales tax omg where is that at!?!
California - many cities have 8-9 percent sakes tax.
Edge is more beautiful than S6 I think.
patt2k said:
Yep minimum 8GB of data gives you -25$ Discount so add that 25$x24 months. (as a saving)
Click to expand...
Click to collapse
I have no idea if VZW was bull****ting with me, but they said that if you are on a family plan and the aggregate total data the family can use is at a certain level (in my wife's case, 16 GB), then everyone on the plan can get $25/mo off by switching to Edge. That sounded too good to be true, but they let my wife go to Edge and save $25/mo on the family plan.
eyc said:
I have no idea if VZW was bull****ting with me, but they said that if you are on a family plan and the aggregate total data the family can use is at a certain level (in my wife's case, 16 GB), then everyone on the plan can get $25/mo off by switching to Edge. That sounded too good to be true, but they let my wife go to Edge and save $25/mo on the family plan.
Click to expand...
Click to collapse
they trolling you don't worry. All that has to be is at least 6GB data plan for -25$ either out of contract or on edge. Can't really believie reps these days especially last month they tried to make do an upgrade like twice when I was asking for something else and out of nowhere they were telling me that I asked for upgrade 2 weeks earlier and I never did lol.
patt2k said:
they trolling you don't worry. All that has to be is at least 6GB data plan for -25$ either out of contract or on edge. Can't really believie reps these days especially last month they tried to make do an upgrade like twice when I was asking for something else and out of nowhere they were telling me that I asked for upgrade 2 weeks earlier and I never did lol.
Click to expand...
Click to collapse
Yea, I hear ya. So, let's say 4 people are on a family plan that has 12GB/month total data available. Can all 4 people go on Edge and each save $25? That's what VZW was telling me.
eyc said:
Yea, I hear ya. So, let's say 4 people are on a family plan that has 12GB/month total data available. Can all 4 people go on Edge and each save $25? That's what VZW was telling me.
Click to expand...
Click to collapse
In this case yes unless I misunderstood your last post that would be correct. As long as there is a minimum of 6GB data package on all your lines you would get 25$/per line per-edge phone or if you are out of contract.
Hope that helps
Hey all,
I went out and got the at&t s6 yesterday and I hopped onto my wife's family plan. While there, they were successful in convincing me the AT&T Next payment plan is the way to go, compared to a 2 year contract.
Next: $23 monthly for phone, $15 monthly for service charge, $40 up front payment for tax.
2 year contract: $200 for phone, $40 monthly for 2 year contract, $40 one time initiation fee.
Doing the math in store convinced me that after 2 years is done in both situations, the Next plan was cheaper. However, I remember reading in the past that monthly payment plans are for suckers. Any ideas?
It's about convenience in my opinion. Not everyone has 684-784 for a new S6. $37/mo is a reasonable and usually unnoticeable. I also think you forgot to mention the $15 monthly smartphone service charge is $40 if you're on contract. It's a minute difference if any. The only way you got hosed is the locked bootloader. But this phone is golden. I don't miss root at all
eddiekang said:
Hey all,
I went out and got the at&t s6 yesterday and I hopped onto my wife's family plan. While there, they were successful in convincing me the AT&T Next payment plan is the way to go, compared to a 2 year contract.
Next: $23 monthly for phone, $15 monthly for service charge, $40 up front payment for tax.
2 year contract: $200 for phone, $40 monthly for 2 year contract, $40 one time initiation fee.
Doing the math in store convinced me that after 2 years is done in both situations, the Next plan was cheaper. However, I remember reading in the past that monthly payment plans are for suckers. Any ideas?
Click to expand...
Click to collapse
It really depends on how long you keep your phones or if you want to be able to upgrade very often. If you keep your phone for more then 2 years then yes next is cheaper because once you pay it off then you will continue to pay $15/month instead of the $40/month if you signed a 2 year contract.
If you want to upgrade quicker then you need to choose the more expensive next plan so you can upgrade sooner.
eddiekang said:
Hey all,
I went out and got the at&t s6 yesterday and I hopped onto my wife's family plan. While there, they were successful in convincing me the AT&T Next payment plan is the way to go, compared to a 2 year contract.
Next: $23 monthly for phone, $15 monthly for service charge, $40 up front payment for tax.
2 year contract: $200 for phone, $40 monthly for 2 year contract, $40 one time initiation fee.
Doing the math in store convinced me that after 2 years is done in both situations, the Next plan was cheaper. However, I remember reading in the past that monthly payment plans are for suckers. Any ideas?
Click to expand...
Click to collapse
When I calculated it out, you end up paying more for the phone when you switch to the Next plan, which is why they are trying to get people to switch.
I've dealt with them with this and they do everything they can to make it seem cheaper, but I don't buy it.
---------- Post added at 01:22 PM ---------- Previous post was at 01:20 PM ----------
xeni said:
It really depends on how long you keep your phones or if you want to be able to upgrade very often. If you keep your phone for more then 2 years then yes next is cheaper because once you pay it off then you will continue to pay $15/month instead of the $40/month if you signed a 2 year contract.
If you want to upgrade quicker then you need to choose the more expensive next plan so you can upgrade sooner.
Click to expand...
Click to collapse
I don't think you ever pay the phone off, you just pay the monthly fee, until you hit the minimum amount to upgrade. However, it divides the full price of the phone over 30 months.
Also, you have to make sure the phone is perfect when you go to trade it in or else you will run into issues with them accepting the phone as part of your upgrade...
Edit: I read up a little bit more on it, they are offering discounts on data plans depending on if you have Next or not. I can see this maybe factoring into the pricing. I haven't priced it out since the first time I got asked to switch to a Next plan. The real advantage from the program is not being tied down to a 2 year contract.
Do you mind explaining the calculation? For me, it's
Next 30: 24 x 23 = 552 for the phone
15 x 24 = 360 service fee
~40 up front tax for the phone. Total after 24 months= 952
If i want to buy the phone outright after 24 months, i pay the difference on the phone which at that point would be 680-552 = 128.
952 + 128 = 1080 total after 2 years and i own the phone.
2 year contract: 40 x 24 = 960 monthly service fee
40 initiation fee + 200 subsidized phone cost= 240
960 + 240 = 1200 total after 2 years and i own the phone.
(This doesn't even include taxes throughout 2 years.)
What am I missing? Thanks for your replies.
yoman258 said:
When I calculated it out, you end up paying more for the phone when you switch to the Next plan, which is why they are trying to get people to switch.
I've dealt with them with this and they do everything they can to make it seem cheaper, but I don't buy it.
---------- Post added at 01:22 PM ---------- Previous post was at 01:20 PM ----------
I don't think you ever pay the phone off, you just pay the monthly fee, until you hit the minimum amount to upgrade. However, it divides the full price of the phone over 30 months.
Also, you have to make sure the phone is perfect when you go to trade it in or else you will run into issues with them accepting the phone as part of your upgrade...
Click to expand...
Click to collapse
yoman258 said:
When I calculated it out, you end up paying more for the phone when you switch to the Next plan, which is why they are trying to get people to switch.
I've dealt with them with this and they do everything they can to make it seem cheaper, but I don't buy it.
---------- Post added at 01:22 PM ---------- Previous post was at 01:20 PM ----------
I don't think you ever pay the phone off, you just pay the monthly fee, until you hit the minimum amount to upgrade. However, it divides the full price of the phone over 30 months.
Also, you have to make sure the phone is perfect when you go to trade it in or else you will run into issues with them accepting the phone as part of your upgrade...
Click to expand...
Click to collapse
Like I said it really depends on what you want to do. I just got he Galaxy S6 (after upgrading from my M8 AT&T Next 12 and buying off the phone so I can resell it) on the AT&T next plan and this is how it works out, just like it did with the M8.
1. Instead of paying $40 a month per line I pay $15 so I save $25 on the monthly service plan.
2. If I choose the AT&T Next 12 (20 Payments of 34.25 = 685 + tax), I can make 12 payments and then upgrade after 12 payments and get a new phone and start a new payment plan depending on how much the phone is. Or I can choose to make the full 20 payments and keep the phone and maintain the $15/month line charge. Or I can pay off the entire phone at anytime and keep the $15/month charge.
3. If you buy this on contract it works out like this. 24 x $40 = $960 + 200 = $1160, and you continue to pay $40 a month after the 2 years.
4. If you buy this on AT&T Next 18 which allows you to pay it off over 2 years just like the contract term then it works out like this. 24 x $28.55 = 685.2+tax ~ 740 or so + 15/month x 24 = $1100, however after the 2 years are up you continue to pay $15/month and not $40 a month so if you keep your phone past the 2 year mark you are saving $25/month where as with the contract you wouldn't be.
eddiekang said:
Do you mind explaining the calculation? For me, it's
Next 30: 24 x 23 = 552 for the phone
15 x 24 = 360 service fee
~40 up front tax for the phone. Total after 24 months= 952
If i want to buy the phone outright after 24 months, i pay the difference on the phone which at that point would be 680-552 = 128.
952 + 128 = 1080 total after 2 years and i own the phone.
2 year contract: 40 x 24 = 960 monthly service fee
40 initiation fee + 200 subsidized phone cost= 240
960 + 240 = 1200 total after 2 years and i own the phone.
(This doesn't even include taxes throughout 2 years.)
What am I missing? Thanks for your replies.
Click to expand...
Click to collapse
You've hit the nail on the head. AT&T Next/Verizon Edge are legit. It's a reorganizing of costs. Instead of getting the phone at a massive discount and paying a higher amount on your bill, you are now paying more for the phone with monthly installments added to your bill in order to earn/retain a billing discount. If you calculate almost any phone with a 10gb or higher data plan, NEXT will save a minimum $140 every time.
Sent from my SAMSUNG-SM-N910A using Tapatalk
If you're on a mobile share plan, it definitely works out in your favor to use Next. Otherwise you're paying a premium for the service itself. I think it's compelling that once you've made your payments, your monthly bill goes down, whereas on 2 year, if you decide to hang on to your phone longer, you're paying to keep your device.
Next is cheaper for those that like to get their phones at launch price. If you wait for one of Amazon's $1 deals or Bestbuy deals, then the contract way is not so bad due to less money up front.
I've been trying to figure this out myself. They already signed me for the Next24, but I'm still within the time period to make a change. I'm not sure if the cost/benefit ratio works for me in my circumstances. Perhaps one of you guys that understands the voodoo can help me figure it out.
Let's take the 1G plan as an example. First, I'm going to examine the costs, then I want to ask for your help to understand the mechanics of the Next plan.
NOTE: Because of the different tie periods between the two plans, I adjusted the 2 year plan for another six months of cost to more accurately compare.
Next:
$25 - 1g Data
$40 - Voice
-$15 Discount
$50/month
$23.64 Phone Finance
= $2209 total ($1500 service plan cost for 30 months + $709.20 in phone payments)
2 Year Contract
$25 - 1g Data
$40 - Voice
$200 Phone
= $2190 total ($1950 in service plan costs for 30 months + $200 phone cost + $40 renewal/upgrade fee
There seems to be only about $20 difference between the two. What matters to me is what happens in the event I want to upgrade next April to a new phone with the Next plan, or what happens at the end of my Next contract.
Upgrade: My understanding is that in the event I want to upgrade to a newer phone in a year, I pay off the phone balance, turn in the phone and presuming it's in good condition, I get the latest-and-greatest. I can only do this once in any given Next plan, but if I do, there's a question about who owns the phone (see below).
Contract End: Who owns the phone? In the case of the traditional 2-year contract, I know that the phone is mine. But under the Next plan, if I get to the end of the 30 month period and have paid off the phone (whether I've upgraded or not), is it mine to keep or do I have to turn it in?
Once you make all the payment, the phone is yours. If you upgrade early without paying it off, they get the phone back as a trade in. You have to make a minimum number of payments before you can upgrade which I believe is based on which next program you choose. Course after you've had it a while you could then pay it off and upgrade. Would be better than paying all up front.
BillTheCat said:
I've been trying to figure this out myself. They already signed me for the Next24, but I'm still within the time period to make a change. I'm not sure if the cost/benefit ratio works for me in my circumstances. Perhaps one of you guys that understands the voodoo can help me figure it out.
Let's take the 1G plan as an example. First, I'm going to examine the costs, then I want to ask for your help to understand the mechanics of the Next plan.
NOTE: Because of the different tie periods between the two plans, I adjusted the 2 year plan for another six months of cost to more accurately compare.
Next:
$25 - 1g Data
$40 - Voice
-$15 Discount
$50/month
$23.64 Phone Finance
= $2209 total ($1500 service plan cost for 30 months + $709.20 in phone payments)
2 Year Contract
$25 - 1g Data
$40 - Voice
$200 Phone
= $2190 total ($1950 in service plan costs for 30 months + $200 phone cost + $40 renewal/upgrade fee
There seems to be only about $20 difference between the two. What matters to me is what happens in the event I want to upgrade next April to a new phone with the Next plan, or what happens at the end of my Next contract.
Upgrade: My understanding is that in the event I want to upgrade to a newer phone in a year, I pay off the phone balance, turn in the phone and presuming it's in good condition, I get the latest-and-greatest. I can only do this once in any given Next plan, but if I do, there's a question about who owns the phone (see below).
Contract End: Who owns the phone? In the case of the traditional 2-year contract, I know that the phone is mine. But under the Next plan, if I get to the end of the 30 month period and have paid off the phone (whether I've upgraded or not), is it mine to keep or do I have to turn it in?
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beaverslayer said:
Once you make all the payment, the phone is yours. If you upgrade early without paying it off, they get the phone back as a trade in. You have to make a minimum number of payments before you can upgrade which I believe is based on which next program you choose. Course after you've had it a while you could then pay it off and upgrade. Would be better than paying all up front.
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OK, so let's say I qualify for an upgrade at 12 months. If I upgrade to a new phone, I pay off the remaining balance, turn in the old phone (let's use the S6 as an example) and get a new phone to replace it, say it'll be the S7. Do I have to begin making payments on the new phone, or is it mine to keep?
BillTheCat said:
OK, so let's say I qualify for an upgrade at 12 months. If I upgrade to a new phone, I pay off the remaining balance, turn in the old phone (let's use the S6 as an example) and get a new phone to replace it, say it'll be the S7. Do I have to begin making payments on the new phone, or is it mine to keep?
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Let's say you get the AT&T Next 12 which is 20 payments at $34.25 for the Galaxy S6. After 12 payments you can give back the S6 and get the S7 and the payments start over depending on which phone you pack along with which Next plan. If you keep the phone for the full 20 payments the phone becomes yours and you can keep it. Let's say you want to upgrade your phone after 10 payments (12 is minimum), then you would have to pay an additional 20 payments at 34.25 before you can upgrade your phone and give back the S6.
xeni said:
Let's say you get the AT&T Next 12 which is 20 payments at $34.25 for the Galaxy S6. After 12 payments you can give back the S6 and get the S7 and the payments start over depending on which phone you pack along with which Next plan. If you keep the phone for the full 20 payments the phone becomes yours and you can keep it. Let's say you want to upgrade your phone after 10 payments (12 is minimum), then you would have to pay an additional 20 payments at 34.25 before you can upgrade your phone and give back the S6.
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Alright, let's go with your scenario because I still have a week to change my mind.
What I hear you saying is that if I were to go with the Next 12 plan and upgrade at one year, it will look like this for an (imaginary) S7, presuming it will be the same price as this year's phone:
$411 for the S6 phone RENTAL FEE over the course of a year (because I'd be turning in the phone)
+ $685 for the cost of the S7 which would require a NEW F'n CONTRACT that resets all over for another 20 months of payments
= 1096 for a next generation phone that would retail for $685 on a straight purchase by the end of year two
I see no reason why anyone would want to bother. It would make more sense to just buy the phone outright from Amazon at a discount (because AT&T charges more - this is the only business I can think of where the retailers charge more than the manufacturer!) and keep the old phone as a backup or sell it on Ebay.
Do I have it right?
BillTheCat said:
Alright, let's go with your scenario because I still have a week to change my mind.
What I hear you saying is that if I were to go with the Next 12 plan and upgrade at one year, it will look like this for an (imaginary) S7, presuming it will be the same price as this year's phone:
$411 for the phone RENTAL FEE over the course of a year (because I'd be turning in the phone)
+ $685 for the cost of the S7 which would require a NEW F'n CONTRACT that resets all over for another 20 months of payments
= 1096 for a next generation phone that would retail for $685 on a straight purchase by the end of year two
I see no reason why anyone would want to bother. It would make more sense to just buy the phone outright from Amazon at a discount (because AT&T charges more - this is the only business I can think of where the retailers charge more than the manufacturer!) and keep the old phone as a backup or sell it on Ebay.
Do I have it right?
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If you buy out the phone today at $685 and then buy the S7 at $685 (presuming the price stays the same) then you are paying $1470 over the course of 1 year and you would be owning both handsets outright. When you make 12 payments at 34.25 and you want to upgrade you have the option of paying off the remainder of the loan (8 payments at 34.25) and keeping the phone so you are back at $1470.
Also good luck finding the phone on sale on Amazon for the forseable future and remember the more you wait the less months you have until S7 comes out. So if you wait until July for an S6 sale on Amazon you are now 3-4 months back and the phone is 3-4 months old meaning that you are $105-140 back on payments so technically the phone is only worth $545-580.
Either way you look at it, you are paying for the phone full price, whether you are buying it outright today or paying it off over 20 months (unless you give it back after 12 months and get a new phone and start a new payment plan).
BillTheCat said:
Alright, let's go with your scenario because I still have a week to change my mind.
What I hear you saying is that if I were to go with the Next 12 plan and upgrade at one year, it will look like this for an (imaginary) S7, presuming it will be the same price as this year's phone:
$411 for the S6 phone RENTAL FEE over the course of a year (because I'd be turning in the phone)
+ $685 for the cost of the S7 which would require a NEW F'n CONTRACT that resets all over for another 20 months of payments
= 1096 for a next generation phone that would retail for $685 on a straight purchase by the end of year two
I see no reason why anyone would want to bother. It would make more sense to just buy the phone outright from Amazon at a discount (because AT&T charges more - this is the only business I can think of where the retailers charge more than the manufacturer!) and keep the old phone as a backup or sell it on Ebay.
Do I have it right?
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You are getting what you are paying for. You are buying on a payment plan. You wouldn't go out and buy a new car this year with 60 months of payment ahead of you and trade it in after one year and not expect to loose money in the deal now would you. You are making the decision to trade it in before it's paid for, not AT&T.
---------- Post added at 05:42 PM ---------- Previous post was at 05:39 PM ----------
I've always heard the cheapest way to get a phone ls to sign a 2 year contract then go home and call AT&T and say you want to do an early termination which cost roughly $350, which means you at out about $550 and get to keep the phone.
beaverslayer said:
Once you make all the payment, the phone is yours. If you upgrade early without paying it off, they get the phone back as a trade in. You have to make a minimum number of payments before you can upgrade which I believe is based on which next program you choose. Course after you've had it a while you could then pay it off and upgrade. Would be better than paying all up front.
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I'm thinking that's what I'll do. I guess I'll ride it out and see what the landscape looks like next year.
xeni said:
If you buy out the phone today at $685 and then buy the S7 at $685 (presuming the price stays the same) then you are paying $1470 over the course of 1 year and you would be owning both handsets outright. When you make 12 payments at 34.25 and you want to upgrade you have the option of paying off the remainder of the loan (8 payments at 34.25) and keeping the phone so you are back at $1470.
Either way you look at it, you are paying for the phone full price, whether you are buying it outright today or paying it off over 20 months (unless you give it back after 12 months and get a new phone and start a new payment plan).
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I guess it just seems that $411 for one year's use seems a tad steep considering for a couple hundred more, you can use it forever. Though there is the benefit of the lower pricing on the Next plan compared to the 2 year contract.
beaverslayer said:
You are getting what you are paying for. You are buying on a payment plan. You wouldn't go out and buy a new car this year with 60 months of payment ahead of you and trade it in after one year and not expect to loose money in the deal now would you. You are making the decision to trade it in before it's paid for, not AT&T.
---------- Post added at 05:42 PM ---------- Previous post was at 05:39 PM ----------
I've always heard the cheapest way to get a phone ls to sign a 2 year contract then go home and call AT&T and say you want to do an early termination which cost roughly $350, which means you at out about $550 and get to keep the phone.
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Click to collapse
An interesting strategy. I might consider it, but it seems 'dishonest' in some strange way. And I'm sure there will be repurcussions, I wonder what the chance of getting a new plan might be after cancelling another one.
BillTheCat said:
I'm thinking that's what I'll do. I guess I'll ride it out and see what the landscape looks like next year.
I guess it just seems that $411 for one year's use seems a tad steep considering for a couple hundred more, you can use it forever.
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You can buy it out for the remainder of the balance, you don't have to give it back if you pay it off. After 12 months you have a few choice, either give it back and get a new one, buy out the remainder of the balance or continue your payments until you have it completely paid off and it is yours to keep.
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BillTheCat said:
I'm thinking that's what I'll do. I guess I'll ride it out and see what the landscape looks like next year.
I guess it just seems that $411 for one year's use seems a tad steep considering for a couple hundred more, you can use it forever. Though there is the benefit of the lower pricing on the Next plan compared to the 2 year contract.
An interesting strategy. I might consider it, but it seems 'dishonest' in some strange way. And I'm sure there will be repurcussions, I wonder what the chance of getting a new plan might be after cancelling another one.
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Click to collapse
Not dishonest at all. That's a reason they have ETF. You won't need a new contract. You shouldn't want one either. You'll be paying for the service month to month as people do when their contracts expire.
It's actually brilliant and I'm an idiot for not thinking of it myself
DigitalUnderground said:
Not dishonest at all. That's a reason they have ETF. You won't need a new contract. You shouldn't want one either. You'll be paying for the service month to month as people do when their contracts expire.
It's actually brilliant and I'm an idiot for not thinking of it myself
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I would worry that they might not start new service with you if you were to cancel, even if you did pay the ETF.
I suppose I could just change my Next 24 plan to a Next 12, accelerating the payments, pay the 'balloon' at a year to own the phone, and see what things look like at that point. It seems there's no point in buying the phone from the carrier anymore.
I know that I probably just need to drag my ass down to Best Buy or Verizon, but thought that I'd ask here first.
I am currently on a two year contract. Actually the contract expired last year, but the point is that I go with the whole two year contract thing. If I take advantage of Best Buy's offer on the Verizon, how will that affect my contract? You get the phone through BB, and it is $150 off. The monthly payment is something like $33 per month. Is that a contract price? Or do I lose my contract?
It's difficult to keep up with this stuff. I have always had contracts and never gone with anything else.
usmaak said:
I know that I probably just need to drag my ass down to Best Buy or Verizon, but thought that I'd ask here first.
I am currently on a two year contract. Actually the contract expired last year, but the point is that I go with the whole two year contract thing. If I take advantage of Best Buy's offer on the Verizon, how will that affect my contract? You get the phone through BB, and it is $150 off. The monthly payment is something like $33 per month. Is that a contract price? Or do I lose my contract?
It's difficult to keep up with this stuff. I have always had contracts and never gone with anything else.
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That would be the monthly payment for the phone itself, in addition to your Verizon plan cost.
Very few phones are subsidized anymore. They care more about the device payment than the contract. I have been out of contract for 2 years. When they used to subsiduze the phones they would lock you into a 2 year contract on the phone. That is no longer done by VZ. If you have a contract it's either because you got a subsidized phone less than 2 years ago or you added a VZ tablet or smart watch to your account. They still provide minimum subsidies on VZ tablets and smart watches.
I just cancelled my VZ preorder and paid off my S7. I then pre ordered from Best Buy to save the additional 150. Plus, I'll get 425 for my mint condition S7 Edge. I paid 786 with the 150 off, 56 dollars in tax and will get my Note 8 for 361 excluding tax or 15.04 per month. I also get to keep my Pixel XL as a spare.
Mike02z said:
Very few phones are subsidized anymore. They care more about the device payment than the contract. I have been out of contract for 2 years. When they used to subsiduze the phones they would lock you into a 2 year contract on the phone. That is no longer done by VZ. If you have a contract it's either because you got a subsidized phone less than 2 years ago or you added a VZ tablet or smart watch to your account. They still provide minimum subsidies on VZ tablets and smart watches.
I just cancelled my VZ preorder and paid off my S7. I then pre ordered from Best Buy to save the additional 150. Plus, I'll get 425 for my mint condition S7 Edge. I paid 786 with the 150 off, 56 dollars in tax and will get my Note 8 for 361 excluding tax or 15.04 per month. I also get to keep my Pixel XL as a spare.
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Thanks. I actually completed my contract last October. I've had this Note 4 for almost three years. Turns out that I'm kinda dumb, because I've been paying the same price that I did when under contract, and my phone has been mine for almost a year. I pre-ordered a couple of Note 8s from Best Buy and once I get them, I'm going to knock my plan down to 2GB. With the 2GB plan and the two phones on payment plan, I'll be paying just a few more dollars than I'm currently paying.
I didn't keep up on what's going on with phones now, but it almost seems like this is a better way to go. I can pay this phone off any time I want, get a different phone, and sell it. Seems like more freedom.