IE when I went from the 6 to the 7 verizon gave a $650 trade in credit for the 6 so I only came out of pocket $100 for the 7. I dont do full price payment plans, whether its broken up into installments or its a lump sum out of pocket is out of pocket and I will not be spending $1,000 for a phone haha.
Had a feeling you'd say something baseless like that. Its great when you can back things up with proof haha.
View attachment 727306
But yeah if they are only going to offer less than half for the 7 what they did for the 6 and expect people to pay them $700 or more cash I wont be getting the X. That much for a phone is ludicrous.
Had a feeling you'd say something baseless like that. Its great when you can back things up with proof haha.
View attachment 727306
But yeah if they are only going to offer less than half for the 7 what they did for the 6 and expect people to pay them $700 or more cash I wont be getting the X. That much for a phone is ludicrous.
Im assuming neither one of you understand how a trade in credit work? Nothing was ever mentioned about getting $650 in cash in hand haha. It was about paying out of your own pocket, which for me to get the 7 was $100.
I think there's some miscommunication on here, I'm guessing when the OP says "out of pocket" he's talking about what he will have to pay of his own money at the point of sale itself, not how much he will have to pay over the entire duration he owns the phone?
Oh I'm aware, I'm just trying to break it down as granularly as possible, that's all. I know full well that one can't just pay 100 bucks cash in addition to handing in a previous generation phone and expect that to be the end of it.Yet if you dont fulfill 24 months you owe money for the rest of the phone payments and its not only $100.
It's really not brain surgery here.
Well yes it is common knowledge what "out of pocket" means. But the generally accepted societal and economic definition is what someone would be paying for something in total for said item, regardless of duration. If I finance a 40,000 car, even if I walk away from the dealership day one by only putting 10,000 down, my "out of pocket" wouldn't be just that 10,000. At any rate, semantics.Yes lol, I thought it was common knowledge what out of pocket meant.
Good lord kid, Im assuming you are a kid since you are still harping on the $100 and you just dont grasp this. What about the $100 payment being on the 2016 promotion do you not get? If I was to upgrade out of pocket at $100 this year that means that verizon would have to give me a $900 credit for my 7 that I would be trading in.
I am still only paying $100 for the phone over the term of 24 months as the $650/24 is deducted from my bill every month. I am not accumulating an amount of $750 leaving my bank account.Well yes it is common knowledge what "out of pocket" means. But the generally accepted societal and economic definition is what someone would be paying for something in total for said item, regardless of duration. If I finance a 40,000 car, even if I walk away from the dealership day one by only putting 10,000 down, my "out of pocket" wouldn't be just that 10,000. At any rate, semantics.