Verizon Edge on new 6 plus ??

Discussion in 'iPhone' started by elykoj, Jan 14, 2015.

  1. elykoj macrumors regular

    Joined:
    Jan 6, 2012
    #1
    I want to buy a new iphone 6 plus, is Verizon Edge a good program? i tend to want a new phone after a year, but dont have $800 up front to buy outright.. I keep reading that it is a scam? thoughts???
     
  2. leoes macrumors member

    Joined:
    Sep 19, 2014
    #2
    No scam as long as you're on a More Everything plan with at least 10GB of data to get the $25 line access discount.

    It becomes a bad deal if you Edge Up for your next phone by trading in the 6+.
     
  3. elykoj thread starter macrumors regular

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    Jan 6, 2012
    #3
    I would get the single line 2 gb data its $50 after $15 off plus i get a 22% corp discount..
     
  4. leoes macrumors member

    Joined:
    Sep 19, 2014
    #4
    This would be the 2yr breakdown for a 16GB 6+ (w/o taxes and your corp. discount)

    2YR Agreement
    $50 (2GB) + $40 (line access) = $90/mo. + $300 upfront
    $90x24 = $2,160 + $300 = $2,460

    Edge w/ 2GB -- $15 off $40 line access
    $50 (2GB) + $25 (line access) + $31.24 = $106.24/mo.
    $106.24x24 = $2,550

    Edge w/ 10GB -- $25 off $40 line access
    $80 (10GB) + $15 (line access) + $31.24 = $126.24/mo.
    $126.24x24 = $3,030

    So 2YR agreement is the cheapest, but with Edge you can buy out your device and upgrade early if you wish.
     
  5. lordofthereef macrumors G4

    lordofthereef

    Joined:
    Nov 29, 2011
    Location:
    Boston, MA
    #5
    It's important to consider that you can technically "buy out" your contracted device too. Just pay the ETF but don't terminate service.

    So really, the phone can be bought and paid in full at any time on either option, really.
     
  6. rui no onna macrumors 601

    rui no onna

    Joined:
    Oct 25, 2013
    #6
    Does Verizon allow this? I asked last year on AT&T wanting to unlock my iPhone 5s and they told me I'd lose my phone number if I pay the ETF.

    That said, Verizon LTE phones are already unlocked anyway so only reason for paying ETF is if you want to switch carriers. I'm pretty sure Verizon offers early upgrade pricing (which, at 1 year, is roughly equivalent to ETF + regular upgrade fee).
     
  7. elykoj thread starter macrumors regular

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    Jan 6, 2012
    #7
    ?

    Does Verizon waive the activation fees if you sign up to EDGE as well?
     
  8. rui no onna macrumors 601

    rui no onna

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    Oct 25, 2013
    #8
    There are no activation/upgrade fees with EDGE.
     
  9. lordofthereef macrumors G4

    lordofthereef

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    Nov 29, 2011
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    Boston, MA
    #9
    They allow it. Att does too now.
     
  10. elykoj thread starter macrumors regular

    Joined:
    Jan 6, 2012
    #10
    Question

    If i join the EDGE thing and get a new phone, can i say, put $200 down, up front on the phone to lower my monthy payment??
     
  11. dkimxd macrumors member

    Joined:
    Aug 11, 2008
    #11
    yes, i did the same thing. in reality it lowered my payment by ~$8 but every bit helps i guess. I'm planning on buying out the phone with my tax return
     
  12. gabo864 macrumors 6502a

    gabo864

    Joined:
    Sep 13, 2012
    #12
    what plan do you currently have with Verizon?
     
  13. Cmd-Z, Jan 15, 2015
    Last edited: Jan 15, 2015

    Cmd-Z macrumors 6502

    Cmd-Z

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    Nov 14, 2014
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    Coyote, CA
    #13
    With Verizon Edge your monthly payment for the device is ($retail)/20, not ($retail/24). It used to be /24 but was changed to /20 mid-2014. That means that the 16GB 6+ has a monthly payment of $37.45, not $31.24. They let you "Edge-up" after paying 60% of the retail price, which is 12 months (i.e. 12/20).

    Also, I'm not sure if they're still doing it but on any new Edge line they give you 1 GB/month free data for 12 months. I ended up going with Edge for my 6+ since we had a 10 GB Share Everything plan, which now they bumped up to 15 GB for the same price (plus the 1 GB promotion for each line we changed to Edge).
     
  14. gdjsnyder macrumors 6502a

    gdjsnyder

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    Apr 19, 2010
    Location:
    Swoyersville, PA
    #14
    This is no longer true. Verizon changed the Edge plan again in late October. The payments are split over 24 months and 75% of the device has to be paid to Edge up. This allows all Edge customers to Edge up at 18 months unless they pay 75% of the device off earlier.
     
  15. Cmd-Z macrumors 6502

    Cmd-Z

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    #15
    Just curious, why would you do that? Staying on Edge is like an interest-free loan since the payments are fixed at ($retail/20). You'd pay the same over the remaining months as you would buying out the balance, and if you buy out the Edge contract I believe that you lose the $15/month credit they give you for being on Edge, so you'd actually lose $15 per month you're buying out.
     
  16. maflynn Moderator

    maflynn

    Staff Member

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    May 3, 2009
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    Boston
    #16
    Edge works if you plan on "leasing" your phone for only a year. It doesn't make much sense if you are getting the iPhone and keeping it for 2 years.
     
  17. chrfr macrumors 603

    Joined:
    Jul 11, 2009
    #17
    Edge is a 0% loan. If you're keeping the phone for 2 years and don't want to buy it up front, it doesn't cost any more to use the Edge plan.
     
  18. elykoj thread starter macrumors regular

    Joined:
    Jan 6, 2012
    #18
    Plan current

    I have an unlimited data plan with 450 minutes and unlimited text messages. I also have insurance on my current samsung S5 and a 20% corp discount. my bill is typically around $87 a month with taxes and fees.

    I average 1.7 gb per month, usually always on wifi..

    would the single plan 2gb edge be a good way to go for me? I like to get a new phone usually 12-18 months.. looking at the 6 plus 64gb model
     
  19. Cmd-Z macrumors 6502

    Cmd-Z

    Joined:
    Nov 14, 2014
    Location:
    Coyote, CA
    #19
    I got my 6+ in November and I am 100% positive I'm on a 20 month/ 60% payment schedule. Perhaps they changed it later, or I squeaked in under the wire. Strange that the plan was a 24 month plan up until about August of last year, then 20 months, now back to 24 months? Are you certain of this?
     
  20. leoes macrumors member

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    Sep 19, 2014
    #20

    Got a 6 with Edge. 24 months.
     
  21. gdjsnyder macrumors 6502a

    gdjsnyder

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    Apr 19, 2010
    Location:
    Swoyersville, PA
    #21
    Positive. Heres a link to the Verizon Edge page: http://www.verizonwireless.com/landingpages/edge/

    If you scroll down to the "Get Edge in 3 steps" sections you'll see in step 2 that the device cost is split over 24 months, and step 3 states you must pay off 75% of the device.
     
  22. dkimxd macrumors member

    Joined:
    Aug 11, 2008
    #22
    I was going to do that so I can upgrade to the next iphone when it comes out and still keep my 6+, but if the discount gets taken off because of that I won't. I'll have to look into that..
     
  23. gabo864 macrumors 6502a

    gabo864

    Joined:
    Sep 13, 2012
    #23
    Yeah, if you dont go over 2gb, the single plan would be the best plan for you. Now, I always tell my customers, depending on the plan and phone that you want edge can be a benefit for you or not. In your case I think a 2 year contract would be your best option.

    2 year:
    $75/month

    Edge:
    $60 + $35.42 = $95.42

    Even tho you have to pay $430 ($400 device + $30 act. Fee) upfront on the two year, you pay less every month. If you were to pay that amount over 24months

    $430/24 mo. = $17.91

    So a two year would be $75 + $17.91= $92.91 (still cheaper than Edge)

    Also you pay less for the device if we were to break down the two year access fee the same way edge its broken down

    $60 + $15 = $75 (2 year plan)

    So $15 x 24 mo. = $360 + $430 (upfront cost) = $790

    With edge you pay

    $35.42 x 24 mo. = $850 for the device.

    I hope this makes sense.



    ----------

    Yeah, they changed it. I work for best buy mobile and it is a 24 month installment plan and you have to pay 75% before you can edge up.


     
  24. Cmd-Z macrumors 6502

    Cmd-Z

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    Nov 14, 2014
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    #24
    Ouch, well that changes everything ... I'll have to re-consider Edge next go around.
     
  25. leoes macrumors member

    Joined:
    Sep 19, 2014
    #25
    If you pay off the phone early just ask for the Month 2 Month discount... it's the same discount as Edge. On my 15GB plan I have 2 month to month lines and have the $25 access discount on both.

    Less than 10GB plans would have the $15 off discount.
     

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