This was a painless process on my brother's line:
1. Walked into my local Apple Store and asked to purchase an iPhone 7 on the Verizon DPP. Signed the paperwork, kept current plan and just paid tax at checkout. Took like 10 minutes
2. On the way to the Verizon corporate store, opened the box and activated the phone
3. Walked into the Verizon store with his iPhone 6, simply mentioned that we already bought, received and activated our iPhone 7 on the DPP (didn't mention where we bought it, or how)
4. Rep took the iPhone 6, inspected it and we wiped the phone. She looked up the account, saw the iPhone 7 active on DPP and processed the trade-in. Gave us a paper receipt showing $650 trade-in credit: $225 as the instant trade-in value and $425 as the promo value over 24 mo.
Looking at the terms on the receipt, I have a couple of (speculative) thoughts:
1. If you return or exchange the iPhone 7, it looks like you lose the promo value but still get the regular trade-in value ($225 in my case) since they won't give your traded phone back to you
2. It appears that the line needs to be active AND on DPP (not paid off) for 24 mo to get the full $650. There is nothing in the terms that prevents you from putting a BYOD device on that line.
If anyone has done either of the above, it would help the community if you report back
I might try #2 this weekend
1. Walked into my local Apple Store and asked to purchase an iPhone 7 on the Verizon DPP. Signed the paperwork, kept current plan and just paid tax at checkout. Took like 10 minutes
2. On the way to the Verizon corporate store, opened the box and activated the phone
3. Walked into the Verizon store with his iPhone 6, simply mentioned that we already bought, received and activated our iPhone 7 on the DPP (didn't mention where we bought it, or how)
4. Rep took the iPhone 6, inspected it and we wiped the phone. She looked up the account, saw the iPhone 7 active on DPP and processed the trade-in. Gave us a paper receipt showing $650 trade-in credit: $225 as the instant trade-in value and $425 as the promo value over 24 mo.
Looking at the terms on the receipt, I have a couple of (speculative) thoughts:
1. If you return or exchange the iPhone 7, it looks like you lose the promo value but still get the regular trade-in value ($225 in my case) since they won't give your traded phone back to you
2. It appears that the line needs to be active AND on DPP (not paid off) for 24 mo to get the full $650. There is nothing in the terms that prevents you from putting a BYOD device on that line.
If anyone has done either of the above, it would help the community if you report back
I might try #2 this weekend
