You're behind the times. Verizon will allow people to upgrade from a 6s to a 7 after a year and 50% of the phone is paid off (though you must turn in your old phone):
http://www.cnet.com/news/verizon-begins-offering-annual-iphone-upgrade-plan/
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple lease programs vs. carriers?
- Thread starter maflynn
- Start date
- Sort by reaction score
You're behind the times. Verizon will allow people to upgrade from a 6s to a 7 after a year and 50% of the phone is paid off (though you must turn in your old phone):
http://www.cnet.com/news/verizon-begins-offering-annual-iphone-upgrade-plan/
I guess must be some special thing for the most recent iPhone only as their regular terms don't mention any of that:
http://www.verizonwireless.com/support/device-payment-faqs/
Looking at Verizon's online store, that's what it looks like -- only iPhone 6 or newer qualify for the yearly trade. Weird.
Why is it weird? If they allowed older devices to qualify, it would get ridiculous.
Better than ATT NEXT but still a bad deal.
27.08*12 = 325 (+tax) to get a new iPhone.
vs.
650- 400 (resale) = 250 (+tax) to get a new iPhone.
What about those who are getting the latest Samsung or LG phone?
Wouldn't you also have to factor in the upfront cost of buying unlocked? $649 or free with monthly payments through att.
that is calculation between financing with verizon and trading it in vs buying upfront and reselling it.
att is even more expensive because it's 32.50 a month instead of 27.08.
You could pay off the phone at the end of the 12 months and sell it yourself making it the same, if you want to.
I'm sure Verizon will copy ATT and add upgrade fees soon to stop that from happening.
Well, you could do the same with AT&T as well. The only reason their monthly cost is higher is because they break it down into 20 payments rather than 24, so after 12 payments you are more than at 50% because of that and certainly can choose to pay the rest off and sell it yourself. Technically with Apple's program you might as well go with that if you are going to trade it in and if the monthly prices are like that.