Did Verizon just increase their smartphone Edge prices?

Discussion in 'iPhone' started by chrf097, Jun 14, 2014.

  1. chrf097 macrumors 68040

    chrf097

    Joined:
    Dec 16, 2011
    #1
    I was looking on Verizon to see how much the iPhone 5S would be on Edge, as I had remembered it being around $20 something dollars, except I was surprised to see that the iPhone 5S costs $32 on Edge, but is only $99 on a 2 year contract???

    Did Verizon just increase edge prices along with decreasing the 2 year price?
     
  2. nnacrumors macrumors 6502

    Joined:
    Jun 12, 2014
    #2
    No increase. With EDGE the full retail price is simply split into 20-months worth of payments.

    $32.49 x 20 payments = $649.80.
     
  3. aneftp macrumors 68040

    Joined:
    Jul 28, 2007
    #3
    No. $650/20 payments is $32.50/month. You own iPhone outright on edge if you pay in full.

    Subsidized iPhone pricing varies. That's what makes 2 year contracts tricky to calculate.

    Sometimes carriers may decide to give u even more subsidy with a "sale" on the iPhone contract pricing of $99
     
  4. jason2811 macrumors 6502a

    Joined:
    May 8, 2006
    #4
    It used to be 24 payments. So I assume that's why it looks as if the price went up.
     
  5. aneftp macrumors 68040

    Joined:
    Jul 28, 2007
    #5
    Weird. Just went on Verizon webpage. It says $27.15 edge pricing for 5s per month.

    Not sure about the details. That's like $543 full price for iPhone over 20 months or $651 for iPhone over 24 months.

    Gotta love deceptive marketing to make it look for affordable.
     

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  6. patt2k macrumors regular

    Joined:
    Dec 31, 2012
    #6
    Yes it did go up now you pay it off within 20 months , current edge contract are not affected.

    Right now with the EDGE discount I pay 6.24$ for my 5S gold

    25+ 6.24

    now I think I would pay like 6$ extra for 32GB.

    5S is now 31$ on EDGE 16gb
     
  7. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #7
    Thing with edge is you never get the discount pricing that those on contract get.
     
  8. aneftp macrumors 68040

    Joined:
    Jul 28, 2007
    #8
    Actually they had same pricing as att next. $160/4 lines 10gb sharing now.

    http://www.verizonwireless.com/vzw/landingpages/more-everything/

    But I believe in order to have that plan. All 4 lines have to have edge monthly payments? So verizon keeps consumers "locked in" by not allowing them to get discounts of $160/4lines if they bring their own phone.
     
  9. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #9
    sorry I was referring to discounts on the equipment.
     
  10. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #10
    Using a 2yr contract option on Verizon you can get the 5s for 450 after paying the 340 etf after one month of service.
     
  11. aneftp macrumors 68040

    Joined:
    Jul 28, 2007
    #11
    U also need to add $30 upgrade fee or $35 activation fee for new lines. So around $480-490 total fees plus monthly cost.

    Assuming u just add a line for $9.99 on older plans. Comes out to about $500 plus taxes. Remember u will get charged taxes on ETF also. It's not $340. It will be around $380 in many states.

    In California you will get charged full sales msrp priced even on $99. So $650 x 9.25%. That's $60 in sales taxes on a "$99" contract iPhone 5s.

    So you are essentially getting around a $50-100 off msrp if you decide to game the system whenever they have 2 year contract iPhone 5s sales at $99 instead of $199.
     
  12. nnacrumors macrumors 6502

    Joined:
    Jun 12, 2014
    #12
    Just curious is it also a hard credit pull?
     
  13. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #13
    my state has no sales tax plus activation fee is waved during the promo.
     

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