finally.
Us phone carriers are becoming less jerks and more oriented on the customer.
THANK YOU MOBILE PHONE GODS
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Excitement aside, is it a giant huge discount for customers? No, but for single/dual line people this is some big savings!
I have a single line plan with Verizon and I fail to see how paying nearly $400 dollars for my iphone that I will have to GIVE BACK TO THEM for the privilege of starting another monthly payment plan to pay another $400 dollars year after year after year is saving me anything! Seriously break out a calculator.
Current plan $300 for iPhone, use it for 2 years (that's $150/year by the way) and then upgrade again to another iPhone that might cost $350 while selling my 2 year old iPhone for $200 bucks or more since it will be "prehistoric" by then making my net out of pocket (assuming this was my first smart phone ever)..... drum roll please $450 for the next 2 freaking years ($225/year).
Net out of pocket of $450 for 4 YEARS of OWNING a phone vs $400 for renting a phone for 1. This is seriously straight up robbery.
Then the phone I paid $150 for next year I use for 2 years and then sell for lets see $250 and buy a new iPhone which no doubt costs $400... making my net out of pocket $650 for 6 freaking years of owning a phone.
On the new plan proposed I would be $400 + $400 + $425 + $425 + $500 + $500...... soooo yeah it would be a $2650 for the privilege of getting the newest phone each year.
Verizon keep your damn new plan it's completely insane that any consumer will benefit.
The only way this is not complete and utter thievery is if they cut the plan costs dramatically so that your plan cost really is your minimum 12 payments of $32.50 and your data charge is 40-50-60 dollars or something. Sure throw in a surcharge or some made up charge for another couple bucks but then you pay $82.50/mo for the mid data range and after 20 payments you then only pay the $50 dollars until you decide it's time to feed the new phone addiction when you will restart the madness.