For those of you with Verizon and/or have experience with Verizon. I was a long time customer of T-Mo and then switched to Xfinity. Last year I moved and Verizon was my only WiFi option so I switched mobile carriers to bundle with Verizon. I currently have a 16 Pro in perfect condition. The phone is 28% paid off with a remaining balance of $749.30 and the 50% pay off benchmark is $244.30. I am on the Ulimited Ultimate plan. When I go to the Verizon app, under my device if I click on "Ultimate Phone Upgrade" then Shop Phones, for a very brief moment it has the iPhone 17 models listed and in green states "Trade in and save up to $1100.
How does the phone upgrade process work with Verizon? Do I need to pay the 50% amt of $244.30 then am eligible for the 17 Pro with a $1,110.00 credit (which, if I'm not mistaken will leave me with no monthly device payment)? The math seems too good to be true. Thanks in advance for any insight.
The trade-in device has to be fully paid for the $1100 credit (so $749.30 payoff). That really only works out if you plan on keeping the 17 Pro for the full 3 years and with how inflation is right now, you're probably still on the losing end.
Honestly, if I were in your shoes, I'd just pay to 50% and then do the regular monthly payments. Or wait before upgrading. There's always going to be something better.