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MacRumors
Jul 15, 2013, 06:47 PM
http://images.macrumors.com/im/macrumorsthreadlogo.gif (http://www.macrumors.com/2013/07/15/upcoming-vz-edge-program-may-allow-no-contracts-and-earlier-upgrades-for-verizon-users/)


Following T-Mobile's recent announcement (http://www.macrumors.com/2013/07/10/t-mobile-announces-jump-phone-upgrade-program/) of its new "Jump" phone upgrade program and its "Uncarrier" policies, a leaked document (via Droid Life (http://www.droid-life.com/2013/07/15/verizon-to-introduce-vz-edge-upgrade-plan-buy-new-phones-once-50-of-previous-is-paid-off/)) suggests that Verizon intends to introduce a similar "VZ Edge" program that will allow Verizon customers to purchase phones on a monthly payment plan that will include upgrade capabilities after half of the device purchase price has been paid.

http://images.macrumors.com/article-new/2013/07/verizonedge.jpg
Though details on the upcoming changes are scarce, the document implies that VZ Edge will function similarly to T-Mobile's Uncarrier program, letting customers purchase unsubsidized, off-contract phones via a monthly payment plan. T-Mobile customers can purchase devices like the iPhone 5 by offering a downpayment and a device fee of $21 per month. With the Jump add-on, customers pay an additional fee to access twice yearly upgrades.

Verizon's "flexible new plan" promises the latest devices, lower upfront costs, no upgrade fees, and no service contracts. Currently, Verizon only lets its customers upgrade on a 24-month basis (http://www.macrumors.com/2013/04/12/verizon-customers-to-be-eligible-for-upgrades-24-months-into-contract-rather-than-20/), after contracts have expired.

It is unknown what Verizon intends to charge per month for the plan, but more information should be available on August 25, which is the program's scheduled launch date.

Article Link: Upcoming 'VZ Edge' Program May Allow No Contracts and Earlier Upgrades for Verizon Users (http://www.macrumors.com/2013/07/15/upcoming-vz-edge-program-may-allow-no-contracts-and-earlier-upgrades-for-verizon-users/)



devinstan
Jul 15, 2013, 06:50 PM
I hope AT&T jumps on board too. I like to continue to upgrade my iPhone each year.

WatchTheThrone
Jul 15, 2013, 06:59 PM
All thanks to Tmobile. Competition is always good.

rmeadejr
Jul 15, 2013, 07:00 PM
I hope AT&T jumps on board too. I like to continue to upgrade my iPhone each year.

i wonder what at&t are announcing tomorrow?

taedouni
Jul 15, 2013, 07:03 PM
I wonder if those with unlimited data plans can take advantage of this.

ggamecrazy
Jul 15, 2013, 07:05 PM
I was going to jump ship from VZ to T-Mobile at the end of the month... But this might change my mind.

If you're buying your device upfront I think T-mobile is still a better deal even if you consider slower speeds and less coverage.

macs4nw
Jul 15, 2013, 07:18 PM
All thanks to Tmobile. Competition is always good.

Absolutely! VERIZON may also have been worried about 'bleeding' some customers and attracting fewer new ones, especially in light of their estimated $14 billion contract shortfall with APPLE. http://forums.macrumors.com/showthread.php?t=1608962

appleguy123
Jul 15, 2013, 07:36 PM
I'm confused about how it works. After you pay off your 50% of the old device, you give them the phone and you can update again? Or after 50% is paid off you can acquire more debt and be paying off two phones?

ConCat
Jul 15, 2013, 08:03 PM
I'm confused about how it works. After you pay off your 50% of the old device, you give them the phone and you can update again? Or after 50% is paid off you can acquire more debt and be paying off two phones?

The phone you turn in pays for the rest of it. They can resell the phone as used for profit.

ritmomundo
Jul 15, 2013, 08:10 PM
I wonder if those with unlimited data plans can take advantage of this.
Ha, there's no way. Verizon is trying its hardest to make the unlimited plans difficult to keep.

xdxdaustin
Jul 15, 2013, 08:18 PM
and we can all thank good ol' T-Mobile. Thank god for some innovation.

Chupa Chupa
Jul 15, 2013, 08:32 PM
I'm confused about how it works. After you pay off your 50% of the old device, you give them the phone and you can update again? Or after 50% is paid off you can acquire more debt and be paying off two phones?

Probably the former if it mirror's T-Mob's plan. It's basically a lease. It's not for me. I prefer to own what I pay for, and let's not fool ourselves, it is more expensive than the conventional contract phone route but I can see where it works for many people, just like car leasing.

MegamanX
Jul 15, 2013, 08:36 PM
I hope AT&T jumps on board too. I like to continue to upgrade my iPhone each year.

Look closer at the deal. This is just Verizon more or less double dipping. It would be one thing if the plans were lower but instead they keep the plans the same rip off level and now making you pay full price for the phone.

Carlanga
Jul 15, 2013, 08:38 PM
No contract plans are plain BS here in the US.

They might seem cheaper, but I bet if they only offer this type of program then by a year, all their plan prices will be hiked to the same prices we are paying now w/ contract plans and we will have to pay for a phone fee on the side so even more money to their pockets and no lost or quotas from phones sales.

Ajones330
Jul 15, 2013, 08:39 PM
Well Att will definitely follow suit...

saud0488
Jul 15, 2013, 08:42 PM
Is it just me or are all of these early upgrade plans horrible, horrible deals?

Why don't people realize they can get 300+ for their one year old smartphone and then use an early upgrade to get the newer ones for 400 or so? 300 is conservative. iPhone 4s are still 350ish online used.

Technarchy
Jul 15, 2013, 08:52 PM
If you are an android fan, these plans make life real sweet.

It allows you to leapfrog every few months to the latest and greatest android phone of the week.

For dedicated iPhone users, this is not as much of a big deal, especially on AT&T where I have gotten early upgrades on all my iPhone lines.

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Well Att will definitely follow suit...

AT&T has their head way up Verizon's butt.

Where Verizon goes, AT&T follows.

rmeadejr
Jul 15, 2013, 08:59 PM
does anyone know what time att's announcement is tomorrow?

Technarchy
Jul 15, 2013, 09:14 PM
does anyone know what time att's announcement is tomorrow?

Whatever it is, AT&T had done a good job of keeping it secret.

rmeadejr
Jul 15, 2013, 09:19 PM
Whatever it is, AT&T had done a good job of keeping it secret.

that is very true. i'm hoping for a program like t-mobile and now it seem verizon.

rnizlek
Jul 15, 2013, 09:20 PM
All thanks to Tmobile. Competition is always good.

I absolutely agree with your second sentence, however, based on the roadmap listed in the picture Verizon has been working on this since before the T-Mobile announcement, so it's not clear what carrier started it first.

dampfnudel
Jul 15, 2013, 10:10 PM
No matter what they offer, they still fall way short of what European carriers offer. Eventually, US carriers will get there, but they'll get there kicking & screaming.

aneftp
Jul 15, 2013, 10:14 PM
Look closer at the deal. This is just Verizon more or less double dipping. It would be one thing if the plans were lower but instead they keep the plans the same rip off level and now making you pay full price for the phone.

100% agree.

Verizon isn't giving people any "discounts" in their monthly plans.

People need to see the big picture. Verizon isn't about saving money. It's about increasing guaranteed monthly revenue from customers.

And it's post paid. Which means u will keep paying the higher prices regardless if you pay off your phone or not.

Do the math. Verizon will basically put u on a phone leasing program with no benefit of lower monthly cost on voice and data after the phone is paid off.

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No matter what they offer, they still fall way short of what European carriers offer. Eventually, US carriers will get there, but they'll get there kicking & screaming.

I don't necessarily agree. Most Americans are on family plans which offer huge savings.

Only those on 1-2, maybe 3 lines pay too much. Especially single line users on post paid carriers like att and verizon.

But my "average line" cost with my family plan is $35 a month. And this includes a phone subsidy upwards to $400 per 24 months on each line (that's upwards to a $2000 subsidies on phones). I can get phone and immediately resell it for profit and cancel data if I don't use a smartphone. That extra line only cost me $10 a month cause my mother only needs flip phone.

dampfnudel
Jul 15, 2013, 10:39 PM
100% agree.

Verizon isn't giving people any "discounts" in their monthly plans.

People need to see the big picture. Verizon isn't about saving money. It's about increasing guaranteed monthly revenue from customers.

And it's post paid. Which means u will keep paying the higher prices regardless if you pay off your phone or not.

Do the math. Verizon will basically put u on a phone leasing program with no benefit of lower monthly cost on voice and data after the phone is paid off.

----------



I don't necessarily agree. Most Americans are on family plans which offer huge savings.

Only those on 1-2, maybe 3 lines pay too much. Especially single line users on post paid carriers like att and verizon.

But my "average line" cost with my family plan is $35 a month. And this includes a phone subsidy upwards to $400 per 24 months on each line (that's upwards to a $2000 subsidies on phones). I can get phone and immediately resell it for profit and cancel data if I don't use a smartphone. That extra line only cost me $10 a month cause my mother only needs flip phone.

Well, many of us don't have big families. I have a 2 line family plan with Verizon and I'm seriously considering a switch to T-Mobile. If they reduced my monthly plan by giving me more reasonable data rates, everything would be fine. Something like 1GB for $10, 2GB for $15, 3GB for $20, etc. Maybe a 2 line family plan with unlimited talk/text, 2GB of data at full speed (throttled after that amount) each for just under $100 a month.

JoshGlzBrk
Jul 15, 2013, 10:45 PM
Okay...

So people will be paying for a subsidized device (included in the jacked up monthly screw everything plans), pay a monthly fee for this new upgrade thing, and on top of it pay full price for their phone (or lease forever if they choose to upgrade).

Verizon is going to laugh all the way to the bank.

rmeadejr
Jul 15, 2013, 11:06 PM
here we go...

http://www.macrumors.com/2013/07/16/att-rolls-out-new-att-next-smartphone-and-tablet-upgrade-program/

Michael Scrip
Jul 16, 2013, 12:28 AM
here we go...

http://www.macrumors.com/2013/07/16/att-rolls-out-new-att-next-smartphone-and-tablet-upgrade-program/

All these new plans make my head hurt!

But it's good for the consumer, right?

everything-i
Jul 16, 2013, 05:10 AM
Looks like the T-mobile move proved to be the much needed disruption in the US mobile carrier market that everyone was waiting for.

lsutigerfan1976
Jul 16, 2013, 06:03 AM
Is it just me or are all of these early upgrade plans horrible, horrible deals?

Why don't people realize they can get 300+ for their one year old smartphone and then use an early upgrade to get the newer ones for 400 or so? 300 is conservative. iPhone 4s are still 350ish online used.

The average customer has no idea what the true value of their phone, iphone or android is. And most ppl i talk to may not feel comfortable selling it on ebay, or craigslist etc. So these retailers offering trade in programs, and low balling the customer towards the price of a new phone are making bank. And the customer is so naive they think they are getting a deal when they trade their phone for a new one. This program will seem like a deal to your average Joe. They wont comprehend they are getting screwed in the process.

inlinevolvo
Jul 16, 2013, 06:38 AM
All thanks to Tmobile. Competition is always good.

Agreed. I'm really glad the Death Star didn't acquire them. This would have been a pipe dream if they had...

chrf097
Jul 16, 2013, 07:07 AM
finally.

Us phone carriers are becoming less jerks and more oriented on the customer.

THANK YOU MOBILE PHONE GODS

-----

Excitement aside, is it a giant huge discount for customers? No, but for single/dual line people this is some big savings!

foodog
Jul 16, 2013, 07:08 AM
I absolutely agree with your second sentence, however, based on the roadmap listed in the picture Verizon has been working on this since before the T-Mobile announcement, so it's not clear what carrier started it first.

Probably a good bet T-mobile didn't just say "Lets change our entire business model next week."

Doctorsti
Jul 16, 2013, 07:30 PM
finally.

Us phone carriers are becoming less jerks and more oriented on the customer.

THANK YOU MOBILE PHONE GODS

-----

Excitement aside, is it a giant huge discount for customers? No, but for single/dual line people this is some big savings!

I have a single line plan with Verizon and I fail to see how paying nearly $400 dollars for my iphone that I will have to GIVE BACK TO THEM for the privilege of starting another monthly payment plan to pay another $400 dollars year after year after year is saving me anything! Seriously break out a calculator.

Current plan $300 for iPhone, use it for 2 years (that's $150/year by the way) and then upgrade again to another iPhone that might cost $350 while selling my 2 year old iPhone for $200 bucks or more since it will be "prehistoric" by then making my net out of pocket (assuming this was my first smart phone ever)..... drum roll please $450 for the next 2 freaking years ($225/year).
Net out of pocket of $450 for 4 YEARS of OWNING a phone vs $400 for renting a phone for 1. This is seriously straight up robbery.

Then the phone I paid $150 for next year I use for 2 years and then sell for lets see $250 and buy a new iPhone which no doubt costs $400... making my net out of pocket $650 for 6 freaking years of owning a phone.

On the new plan proposed I would be $400 + $400 + $425 + $425 + $500 + $500...... soooo yeah it would be a $2650 for the privilege of getting the newest phone each year.

Verizon keep your damn new plan it's completely insane that any consumer will benefit.

The only way this is not complete and utter thievery is if they cut the plan costs dramatically so that your plan cost really is your minimum 12 payments of $32.50 and your data charge is 40-50-60 dollars or something. Sure throw in a surcharge or some made up charge for another couple bucks but then you pay $82.50/mo for the mid data range and after 20 payments you then only pay the $50 dollars until you decide it's time to feed the new phone addiction when you will restart the madness.