You can pay your device early at any time with AT&T Next. Once the device is fully paid, you can also unlock it.Then improve shortly thereafter?
That makes no sense.
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To pay it off early? Lower monthly payments? There's a million reasons. You can't possibly say that having more options is a bad thing.
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To Everyone Considering Edge / Next / Easy Pay - Read This
- Thread starter imaketouchtheme
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You can't make double payments or put down a down payment. There's lots of rules, you may just be unaware.
Where are you getting your information? When I ordered my phone on the edge plan, it specifically asked me if I wanted to put a down payment. it is 20 months, 0% apr. If I want to pay for it at once, I can.
You're more likely to sell it for between $250-300 (if it's in great condition), but okay...
If I get the base model iPhone 6 (16GB) on Next, I pay $32.50 a month, which is $390 after 12 months. That leaves $260 I don't have to pay when I upgrade to the next phone.
See? It's basically even, and I don't have to bother with even trying to sell my phone. It's a guaranteed trade-in value; no seller's fees or Craigslist spam.
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If you call and ask them to your carrier will put you on the discounted plan even if you're not actually using the financing program. I have been on AT&T's Mobile Share Value Plan since Next started even though I don't have a phone financed under Next yet (not until my 6+ arrives, anyway).
You're proving my point. Right now, AT&T has a guaranteed $300 minimum on 5S trade ins without being on Next. That's more than $290.
You're proving my point. Right now, AT&T has a guaranteed $300 minimum on 5S trade ins without being on Next. That's more than $290.
$10. Woo, I guess you win.
Seriously, everyone can do whatever they want. I don't care either way.
And you can assume people haven't researched prior. I've been with Verizon for years, I have no plans on changing. Their service is the best in my area. I've had my iPhone 5 for 2 years. I don't plan to get an iPhone 6s or whatever the next model is. In 2 years, I may get a new phone, I may not. I'll still be on Verizon regardless.
Then improve shortly thereafter?
That makes no sense.
It doesn't improve shortly thereafter. Your overall average credit history takes a hit, and you also get an inquiry on your account that can sit there for up to two years.
Yes, you can't be on the 2 year contract to get the discount. I'm not sure if you can get the discount after your 2 year contract is up? That is something you would have to ask Verizon.
So pay off the $260 and trade it in for $300 and you get the extra $300. Of course, it's break even for someone with the 32GB (now 64GB) model and a losing proposition for 64GB (now 128GB).You're proving my point. Right now, AT&T has a guaranteed $300 minimum on 5S trade ins without being on Next. That's more than $290.
Well, I can only speak to AT&T, but they gave me the discount when I asked for it. I do have a high data package (20GB) so that may have motivated them to keep me happy.
Subtract ebay fees, PayPal fees and shipping and you're not really left with much.
It's not your data plan. I only have 2GB and they let me switch to the mobile share plan and get the discount a long time ago.
That was a special deal they offered and it only applied if your contract started before Feb. 2014. They basically forgave whatever subsidy you owed them. I don't think they'll offer it again en masse now that a lot of people have switched to the new plans.
For AT&T: You can get the value share discount on the lines of you are on contract on when you switch to the plans. However... If you purchase any phones on a 2 year contract after that, you lose the discount on that line.
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This may also be true as well...
You also have to think that not everyone's credit is great. Some ppl may not be able to finance a phone with a creditor etc. But this would be a good alternative for that person. Especially if they aren't able to get a phone subsidized anytime soon.
This is good to hear, I was under the impression that I could not pay off the phone early. I was aware that I could put a large down payment (thus reducing the monthly amount). For some reason I thought I had to at least carry 40% of the phones cost over the 2 year period. My plan is to keep the 6 Plus for 2 years and then had it down and move another one of our line to the edge plan.
To each his or her own but I would never take a line of credit out to buy a phone. I put mine on my Chase Freedom to get the points and since the transaction posted this morning it's already paid off. I'd rather use Next/Edge etc if I had to finance it long term where my credit already took the hit when I opened the account and finance at 0% for however many months the deal is.
You are paying full price of the phone too.
see amount of month X monthly payment
You're paying AT&T handsomely, either way. Might as well get "0%" financing out of it.
I am with the OP, but not completely. I would not apply for credit at Walmart or Best Buy, but maybe some other card that's offering a bonus.
For example, I received an offer from Citibank for their Double Cash Card. If I spend $1000 within the first 90 days, I receive a $200 cash back bonus. I also receive 2 points per dollar spent which can be redeemed for a statement credit (1 pt=.01). So a 128gb contract free T-mobile iPhone 6+ becomes $1,030.85-200-20.62=810.23. Also, buying on credit doubles the manufacturers warranty. The only downside I see is that you'll take a small hit to your credit, and the 0% financing is only for 12 months.
For example, I received an offer from Citibank for their Double Cash Card. If I spend $1000 within the first 90 days, I receive a $200 cash back bonus. I also receive 2 points per dollar spent which can be redeemed for a statement credit (1 pt=.01). So a 128gb contract free T-mobile iPhone 6+ becomes $1,030.85-200-20.62=810.23. Also, buying on credit doubles the manufacturers warranty. The only downside I see is that you'll take a small hit to your credit, and the 0% financing is only for 12 months.
At 0% interest, how is AT&T gaining anything from it?
Whether I buy an iPhone full price off contract or through Next, my bill for my cell phone service is the same. The only difference is Next adds the cost of the phone to my bill, which, again, at 0% interest, doesn't make AT&T any extra money.
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Damn, I got offered 18 months 0% interest for the Double Cash card, I would've rather had the $200 cash back bonus.
I applied though since it's a higher rewards rate than my CapOne Quicksilver. Plus it has EMV too which will be handy for my trip to Germany in a couple weeks, just wish it didn't have an FTF. CapOne is bipolar, they advertise it as a great card for traveling since it has no FTF, but are possibly the last remaining big bank to add chips to their cards.