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Can someone please clearly explain verizon edge too me?
- Thread starter metzy25
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That's exactly why I ported my three lines from Verizon to AT&T last week. AT&T doesn't stop the discount if you pay it off/bring your own phone.
For people that upgrade every year, it's pretty much the same cost.
Not using the EDGE plan and buying an iPhone out-right for $649 and then selling it a year later for half-price ends up costing you about $325 (assuming you can sell your used iPhone for that much).
Buying an iPhone on Verizon's EDGE plan costs $27/month x 12 month, which ends up costing you $325.
Either method, you lose $325 a year, and you don't keep your old iPhone. With Verizon's EDGE plan, at least you're not dropping $649 out of your pocket at one time.
The new att plans are awesome. The big difference is $15 per smartphone versus verizon who still charges $40 per smartphone. The same plan with 4 people would cost $100 more a month with verizon!!
If you choose to keep the phone why not just get the subsidized price, it's going to take you that long to pay it off anyways.
These programs only work because the carriers realize people are dumb enough to pay for a phone for a year or 18 months and then trade it in for the latest and greatest and not care that they are losing all of the money had poured into the phone to begin with.
For those that pay off their device or being their own (those on Edge get a discount with Verizon as well).
Right. EDGE, Next and JUMP plans are for people who want to upgrade more once every two years, IMO. Regardless, since you own the phone, these aren't lease programs.
If you upgrade yearly, I don't see where any real money is lost. Can you please give an example?
Because the subsidized price of a 16GB iPhone 5s on AT&T is $800, and on Verizon it's $680. That same phone is $650 direct from Apple.
There is no requirement to trade the phone in with Next or Edge. You can keep the phone the full term or pay it off early. It's interest free financing, and as long as you don't choose to trade the phone in, it's not a bad deal.
b.c if you get the subsidized price your phone plan and device plan are not separated. After that 2 years, your monthly phone bill will stay the same.
yeah but look at it this way.
OK, let's use Verizon (my carrier) for example.
I paid $299 for my 32GB 5S. My bill is ~$100/mo.
If I had chosen to use their Edge program I would be paying $31.47 for the monthly phone payment + the $100 for my monthly service. I don't believe Verizon gives a discount for being on Edge like AT&T does on their Next program.
After the phone is 1/2 paid for I can trade it in for something else on Edge. So, if I decide in 12 months I want a new device I can trade in the iPhone for an S5 (or whatever), I lose the $377.64 that I've paid in on the device.
If I decide to stay on the Edge plan and keep my iPhone I've paid more than 2x what it would have cost me to just do a 2 year contract.
I'm fine being in a contract for 2 years and taking the subsidized cost of a phone.
Verizon has a similar discount for being on Edge (like AT&T does for being on Next).
I just saw that, but it's only $10/ mo. Still not enough to make it worth while, IMO.
IMO, the whole purpose of the Next/Edge/Jump programs is to provide a more cost-effective to allow people to upgrade their phones yearly. Not every two years.
Exactly. Unless you know you are going to keep the phone for 2 years subsidies make no sense. tmobile really does it best IMO. If you want to pay the phone off in 2 years you can, and then you are just paying for service. If 6 months in you want to upgrade you can, just trade your phone in. If you want to pay the phone off and then resell it, you can.
The reason I say they are better than verizon in that aspect is the phone is cheaper...$600 for the 5s.
$10/month off for those on plans with less than 10 GB of data, and actually $20/month off for those on plans with 10 GB of data or more, to be exact.
Yes this is true, but what my original point that I think most people either don't care about or simply don't get is that if you are on this program (Edge) and do trade in your device every year you are essentially throwing your money away because you will never own your device until you have paid off. So in the case of a 32GB 5S you're paying $377 to use it for a year and the n once you trade it in you lose all of that $377 you paid on the device and you start from scratch with the new phone. Many people are ok with that, I'm just not one of them.
I'd rather just keep mine for 2 years and then at the end of the 2 years pay $200-300 upfront and then be able to keep my previous device as a backup or whatever.
If you own the phone and decide to sell it once decided to upgrade after a year, its value would go down, and to some degree depending on the phone, the market, what newer phones came out, etc., the value of the phone could be down by about $377 at that point as well, so you still lose that money. If you care about a backup or something, that's different, but for those that already have a backup or don't care about it and would typically sell their phone, then there might not be much of a difference really as far as losing money.
What I was told today by verizon is the $27 per month I pay for the phone gets taken off the $650. So in 6 months if I want to upgrade I would have payed $162 off the phone. The unsubsidized price for the iphone is $650. So 50% of that is $325. Take $162 off the $325 and I'm paying $163 to upgrade? Does this sound right? Also you get a $20 discount on your bill using verizon edge.
I agree the Edge name throws people off because it was the old 2G Network for AT&T, that being said Verizon does not discount the monthly cost of the phone like AT&T. When you upgrade by financing or pay in full the monthly per line on AT&T is $15 but if you use a contract price it is $40, I think VZ is $40 no matter what you do, so be careful before you join any program and upgrade.
Again, if you are on Edge Verizon has similar discounts for your line. The information can be easily looked up and compared (and has been mentioned earlier in the thread).
I'm pretty sure that in order to upgrade on Edge the Phone has to be paid for at least 50%, also you only get $20 off your $40 line charge if your plan is 10GB, anything less than 10GB only gets $10 off the monthly $40 fee.
Not exactly. Especially Verizon edge program is designed to still maintain healthy profits for Verizon while not giving the consumer much of a discount. And zero discount for fully paid phones.
Bam, just like everything else on verizon wireless.
Its all about making them more profits and giving the consumer less options and higher monthly bills
