Anyway to get a new iPHone with Verizon with low payments?

Discussion in 'iPhone' started by KillaMac, Apr 6, 2017.

  1. KillaMac Suspended

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    May 25, 2013
    #1
    I switched to Verizon 2 months ago and decided out of the 3 lines, to only do two for the free phones. But I now decided I wanted to get a new iPhone and Verizon won't give me the offer for it. So, is there a way for me to get the new iPhone 7 plus 256gb with low payments? I saw Verizon would only give me $200 for my LG V20, which I know is worth more than that.

    Wanted to see what peoples ideas were if there was something I haven't thought of. They tried to offer me the S8, but I didn't want that. I am sick of Android. I know iOS is boring, but it is reliable.
     
  2. Armen macrumors 604

    Armen

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    #2
    Not sure what type of low payments you are expecting. The iPhone you're talking about is around $970.00 which comes out to $45/month for 2 years through Verizon. The only way I can think of to lower that monthly charge is to put up a down payment up front (if Verizon does that).
     
  3. Fernandez21 macrumors 601

    Fernandez21

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    Jun 16, 2010
    #3
    You just missed an iPhone sale Best buy was doing with $200 off an iPhone (I got an iPhone 7 256 jet black for $21 a month, minus a $200 down payment it's only going to be $15 a month).

    You could wait to see if there are other sales around, but I think most are concentrating on selling the S8.
     
  4. KillaMac thread starter Suspended

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    May 25, 2013
    #4
    I forgot about that. I wonder if they do that. I could put money down, and sell the LG. I know I've done that with AT&T.
     
  5. KillaMac, Apr 6, 2017
    Last edited by a moderator: Apr 6, 2017

    KillaMac thread starter Suspended

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    #5
    I actually just talked to Verizon, to try to figure something out, and no deals on iPhones right now. They don't take payments to lower the plan either. It will shorten the timeframe only but not lower the cost. I was bummed to hear that.
     
  6. Fernandez21, Apr 6, 2017
    Last edited by a moderator: Apr 6, 2017

    Fernandez21 macrumors 601

    Fernandez21

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    #6
    That sucks, I'm on at&t and they let you make a down payment to lower the costs.

    It's a bummer the best buy sale still isn't going on, but maybe you can try to see if you can still get one of those deals.

    It might be best to just wait until the next iPhone comes out if you can't find any sales soon.
     
  7. nburwell macrumors 68040

    nburwell

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    #7
    I'm not sure how much you're looking to pay per month, but if you put some money down on the phone when you purchase from Verizon, that should knock off some money that would be tacked on to your bill each month.

    Depending on if your LG is unlocked and what condition it's in, you could get around $400 for it if you sell on Swappa.
     
  8. BasicGreatGuy Contributor

    BasicGreatGuy

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    #8
    If you get a phone from Verizon on the payment plan, the payments are interest free. You can pay off the phone at any time. Sell your old phone and put that money aside for the payoff of the new phone.
     
  9. C DM macrumors Westmere

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    #9
    Well, in that sense of it, you could set aside the money you were going to use for the down payment and then take a little from it every month and add some to that to make the monthly payment. The total is basically the same anyway, so it doesn't make that much of a difference how it gets split up.
     
  10. Vegastouch macrumors 603

    Vegastouch

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  11. BasicGreatGuy Contributor

    BasicGreatGuy

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    #11
    How does interest free payments and being able to pay off the phone at any time from Verizon suck?

    It really doesn't matter that Verizon doesn't accept downpayment. If a person has extra money to put down, he or she can put that money aside and use it towards paying off the phone sooner. Still come out ahead doing it that way.
     
  12. KillaMac thread starter Suspended

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    May 25, 2013
    #12
    Good ideas guys. I'll figure something out. I really didn't want my bill to be $230-240 a month so I am trying to prevent that. :/
     
  13. C DM macrumors Westmere

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    #13
    Understandable, it's just that if you are doing it by paying more upfront, then it's more of a psychological perception effect than anything else given that you are giving up that same money anyway, and with a bigger chunk right away. Ultimately the best thing is some sort of a sale or some special where you can get a new phone for cheaper than the full price, that's where there would be more than just a perception difference. The issue with that is that while those types of specials and sales exist, there aren't that many of them, and they happen sometimes at unforeseen times, and they sometimes have nicer savings than other times.
     
  14. SLC Flyfishing Suspended

    SLC Flyfishing

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    #14
    That's wrong, I know for a fact.

    I put money down on my iPhone with Verizon this month; payment is $10/month for 24 months now. Whoever you spoke to got it wrong, they won't cut out the number of months, but they will lower the monthly payment based on how much you put down.
     
  15. KillaMac thread starter Suspended

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    #15
    That is exactly what I want to do! I did this with AT&T. How much did you put down to drop it to $10 a month and which phone?
    --- Post Merged, Apr 6, 2017 ---
    Chat Rep was obviously wrong. I just called and she confirmed you can put a down payment. She figured for me with $400 down on a iPhone 7 plus 128gb it would be $20 a month. or $23 for 256gb.

    Wonder if Best Buy accepts down payments? They have that $100 off right now so that would help a little too.
     
  16. SLC Flyfishing Suspended

    SLC Flyfishing

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    #16
    Best Buy should accept the down payment since they're just acting as an intermediary between you and Verizon. (I did mine at the Apple Store and they could take and process a down payment without difficulty).

    All you need to do is take your desired monthly payment, multiply it by 24 and then subtract that number from the total price of the phone (taking into account sales tax and any activation fees) and that number is your down payment.

    Another way to do it is to know that every $100 down gets you about $5 off the monthly payment. So if the 7+ you wanted is $45 per month, then about $700 down should get you to around $10 per month.
     
  17. Fernandez21 macrumors 601

    Fernandez21

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    #17
    Best Buy does, at least with AT&T as that is where I got mine a couple weeks ago.
     
  18. KillaMac thread starter Suspended

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    #18
    Thanks. So around $509 I need to put down. So with Best Buy's discount $100 off, and my $400 down, that is close enough. :) Then there should be little left when the iPhone 8 comes out.
     
  19. chrfr macrumors 603

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    #19
    Remember that Verizon doesn't charge you any interest. Lowering your payments with a down payment does not save you any money whatsoever.
     
  20. KillaMac thread starter Suspended

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    #20
    I understand that, but paying more a month is something I don't need right now. The less I pay a month the better I will be.
     
  21. C DM macrumors Westmere

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    #21
    But the other way you are giving up more money up front, so you are out of more money right from the beginning. As more of a psychological placebo effect I guess that have some effect on that level.
     
  22. T5BRICK macrumors G3

    T5BRICK

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    #22
    Pay in full when you buy it and you will have $0 payments for the phone.
     
  23. C DM macrumors Westmere

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    #23
    And there's certainly that too.
     
  24. KillaMac thread starter Suspended

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    #24
    The 400 is from selling my v20 on swappa.
     
  25. KillaMac thread starter Suspended

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    May 25, 2013
    #25
    I was lucky and came across this at a local Target. :) Put $400 down, and it's $19 a month. Yay.
     

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