I have recently switched to the new Verizon plan. I would like your advice on it to see if i made the right choice:
I have three lines on my account
What i was paying before:
$70 for 6gb of data, and $40 per line, which equals $190. Plus a $40 activation free for every time we get a phone.
On the new plan:
$80 for 12gb, $40 for two lines that are still under two year contracts, $20 for another line (a 5c) that is now payed off. This equals to $180. In a year from now, the $40 line frees will go down to $20. At this point my cost will be $80+$20+$20+$20 = $140.
On top of this $140, i will also now be responsible for a full retail price of any new phone purhcaed over a 24 month period. After this i will own the phone and be able to do whatever i want with it. In the past, i have always sold my phone to pay for the new one. For example, last year i sold my iPhone 5 for about $300 and used it to buy the 6+.
Assuming next year I sell my 6+ 64gb for about $400, that will take down the price of the 7+ or whatever Apple makes next from $849 to $449. The monthly fee will then be about $19. This holds true for the other lines as well, as they have cheaper teared iPhones (one has a 5c the other has a 6. Assuming they sell their phones for about $200 and get the $649 phone it will also end up being $449 over 24 months). At this point i will be paying:
$80 for 12gb, $20x3 line fees, and $19x3 phone cost which ends up being $197. Essentially, the new phone price offsets the reduction in line fee. Only differnce i get 12gb instead of 6gb. There are also no line activation fees, which are nice.
What do you guys think? How does this compare to Apples new phone every year policy?
I have three lines on my account
What i was paying before:
$70 for 6gb of data, and $40 per line, which equals $190. Plus a $40 activation free for every time we get a phone.
On the new plan:
$80 for 12gb, $40 for two lines that are still under two year contracts, $20 for another line (a 5c) that is now payed off. This equals to $180. In a year from now, the $40 line frees will go down to $20. At this point my cost will be $80+$20+$20+$20 = $140.
On top of this $140, i will also now be responsible for a full retail price of any new phone purhcaed over a 24 month period. After this i will own the phone and be able to do whatever i want with it. In the past, i have always sold my phone to pay for the new one. For example, last year i sold my iPhone 5 for about $300 and used it to buy the 6+.
Assuming next year I sell my 6+ 64gb for about $400, that will take down the price of the 7+ or whatever Apple makes next from $849 to $449. The monthly fee will then be about $19. This holds true for the other lines as well, as they have cheaper teared iPhones (one has a 5c the other has a 6. Assuming they sell their phones for about $200 and get the $649 phone it will also end up being $449 over 24 months). At this point i will be paying:
$80 for 12gb, $20x3 line fees, and $19x3 phone cost which ends up being $197. Essentially, the new phone price offsets the reduction in line fee. Only differnce i get 12gb instead of 6gb. There are also no line activation fees, which are nice.
What do you guys think? How does this compare to Apples new phone every year policy?
