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Carrier Verizon offering iPhone 7 for $0 with trade-in

Geckotek

Geckotek

macrumors G3
Original poster
Jul 22, 2008
8,808
342
NYC

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So if I still owe a lot on my 6s Plus can I take advantage of this? Or is it only if it's paid off?
 
Texxy said:
Any reason why DPP is better vs 2 Year contracts?
Click to expand...

I did the math and DPP saves me a few bucks. Also, you're not committed to VZW.

But not any big reasons. But seems it's required for this promo.
 
Geckotek said:
I did the math and DPP saves me a few bucks. Also, you're not committed to VZW.

But not any big reasons. But seems it's required for this promo.
Click to expand...
Hmm interesting. Wonder how this will work. They send you the iPhone 7 and you have to send them your trade in phone?
 
I wonder if they allow you to pay it off at any time, and if you're able to join their annual upgrade program.
 
This means you pay $650 up front and get a $27 bill credit for 2 years......

"$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid"
 
So ****ing confusing. I'll just stick with the reliable 2-year discounted pricing.
 
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AWDV8TT said:
This means you pay $650 up front and get a $27 bill credit for 2 years......

"$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid"
Click to expand...
You don't pay anything up front with DPP, the cost is split up across 24 months.
 
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C DM said:
Again, there's nothing that you pay up front with DPP, that's the whole point of it, you pay monthly.
Click to expand...
So then how would they know you will trade a phone in...seems foolish for them not to charge you before obtaining your trade in.
 
AWDV8TT said:
This means you pay $650 up front and get a $27 bill credit for 2 years......

"$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid"
Click to expand...

Can the device be financed? Or just a lump sum payment ?
 
C DM said:
Again, there's nothing that you pay up front with DPP, that's the whole point of it, you pay monthly.
Click to expand...

I understand DPP. The offer for the free phone is different. Read the disclaimer....

$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid; 0% APR. Line must be active for 2 yrs. for full credit.


1. $649 device payment required
2. Less $649 Credit
3. Applied to account....over 24 months.....
4. Credit begins in 2-3 months
5. Line must be active for 2 years for full credit...
 
So maybe this is the time to switch away from the old 2-years contract plan?

Under the old plan I pay $40 (line access fee), then I can do the trade in and get a phone for cheap.
But with the new plan I only pay $20 (line access fee), then I can still do the trade in?

Looks like a $20/month saving? Am I missing something?
 
aajeevlin said:
So maybe this is the time to switch away from the old 2-years contract plan?

Under the old plan I pay $40 (line access fee), then I can do the trade in and get a phone for cheap.
But with the new plan I only pay $20 (line access fee), then I can still do the trade in?

Looks like a $20/month saving? Am I missing something?
Click to expand...

Correct. When you do 2 year plan you pay $40/mo line fee. On the payment plan it's $20/mo.
 
AWDV8TT said:
I understand DPP. The offer for the free phone is different. Read the disclaimer....

$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid; 0% APR. Line must be active for 2 yrs. for full credit.


1. $649 device payment required
2. Less $649 Credit
3. Applied to account....over 24 months.....
4. Credit begins in 2-3 months
5. Line must be active for 2 years for full credit...
Click to expand...

I think this means that you must purchase a device that costs a minimum of $649. There wouldn't be a need for "0% APR" if you had to pay upfront.
 
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AWDV8TT said:
Correct. When you do 2 year plan you pay $40/mo line fee. On the payment plan it's $20/mo.
Click to expand...

I see, I was going to keep going with the same old 2-years contract just to get the iPhone 7 for $299. But this trade-in deal looks even more attractive. Although this feel a bit too good to be true...haha.
 
AWDV8TT said:
I understand DPP. The offer for the free phone is different. Read the disclaimer....

$649.99 device payment purchase req’d. Less $649.99 trade-in credit applied to account over 24 mos; credit begins in 2-3 bill cycles & ends when balance paid; 0% APR. Line must be active for 2 yrs. for full credit.


1. $649 device payment required
2. Less $649 Credit
3. Applied to account....over 24 months.....
4. Credit begins in 2-3 months
5. Line must be active for 2 years for full credit...
Click to expand...
That wouldn't really make it DPP at all. The available information so far don't seem to lay out all the details and how it will work all that well. Hopefully more will come to light about it to explain it better.
 
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