Verizon Edge

I need some advice. I upgraded to the iPhone 5S in October. I'm the type of person that likes to upgrade phones every year. Usually this means paying out of pocket one year and then the next year getting the subsidized price through the upgrade. I was looking at the Verizon Edge plans, and if you got your phone before November, you can qualify for the Edge plan. Now, I know this involves turning in your old phone for another one. I have a black iPhone but have always been wanting the gold. My question is whether or not this is a good idea? I've been looking on the website and I thought that you could upgrade after 50% was paid off, but it says 60% now. But I would only be paying around $8 a month for it after the discount since we have 4 lines and a 12GB plan, so I would get the $25 discount. The promotion ends at the end of the month, so that's why I'm trying to figure things out now. It seems like a good idea to me, since after 2 years most of my phones are just shoved into a drawer or used as an iPod in the car. Any advice would be helpful. Thanks.

 

Well they still have a promotional period where if you got your phone before November you can trade it in and get another on the plan. But, if you do the plan online, you have 14 days to send them your phone. If you don't then they charge your bill $200. But I can sell my original 5S for $350-$400, pay them the $200, and still come out with a profit which I can then use to put down for the 6 when it comes out.

I thought that normally you had to be eligible for an upgrade in order to qualify for Edge. I'll have to look into it more to see if they let you do it after a year.