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

Discussion in 'iPhone' started by Geckotek, Sep 8, 2016.

  1. Geckotek, Sep 8, 2016
    Last edited: Sep 8, 2016

    Geckotek macrumors G3

    Geckotek

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    #1

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  2. mjschabow macrumors 65816

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    Dec 25, 2013
    #2
    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?
     
  3. Texxy macrumors 6502

    Texxy

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    Aug 16, 2011
    #3
    I take it the trade in does not work if you are doing a 2 year contract? Only monthly payment plans?
     
  4. Geckotek thread starter macrumors G3

    Geckotek

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    #4
    I'm assuming you'd have to pay it off first.

    "$649.99 device payment purchase req’d."
     
  5. Texxy macrumors 6502

    Texxy

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    #5
    Not quite sure what you mean by that. I am sorry.
     
  6. Geckotek thread starter macrumors G3

    Geckotek

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    #6
    Means you must use their device payment purchase "DPP" plan. Not a 2-year upgrade plan.
     
  7. Texxy macrumors 6502

    Texxy

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    #7
    Any reason why DPP is better vs 2 Year contracts?
     
  8. Geckotek thread starter macrumors G3

    Geckotek

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    #8
    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.
     
  9. Texxy macrumors 6502

    Texxy

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    Aug 16, 2011
    #9
    Hmm interesting. Wonder how this will work. They send you the iPhone 7 and you have to send them your trade in phone?
     
  10. gabo864 macrumors 6502a

    gabo864

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    #10
    I wonder if they allow you to pay it off at any time, and if you're able to join their annual upgrade program.
     
  11. AWDV8TT macrumors member

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    Sep 16, 2014
    #11
    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"
     
  12. C DM macrumors Westmere

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    Oct 17, 2011
    #12
    DPP generally allows payoff at any point.
     
  13. kovey macrumors 6502a

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    Apr 10, 2011
    #13
    So ****ing confusing. I'll just stick with the reliable 2-year discounted pricing.
     
  14. C DM macrumors Westmere

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    Oct 17, 2011
    #14
    You don't pay anything up front with DPP, the cost is split up across 24 months.
     
  15. AWDV8TT macrumors member

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    Sep 16, 2014
    #15
    This offer for the "free" phone is clear. You pay $649 up front and receive a credit over 24 months....
     
  16. C DM macrumors Westmere

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    Oct 17, 2011
    #16
    Again, there's nothing that you pay up front with DPP, that's the whole point of it, you pay monthly.
     
  17. Texxy macrumors 6502

    Texxy

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    #17
    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.
     
  18. gazzy644 macrumors newbie

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    Sep 30, 2015
    #18
    Can the device be financed? Or just a lump sum payment ?
     
  19. AWDV8TT macrumors member

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    Sep 16, 2014
    #19
    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...
     
  20. aajeevlin macrumors 6502a

    Joined:
    Mar 25, 2010
    #20
    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?
     
  21. AWDV8TT macrumors member

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    Sep 16, 2014
    #21
    Correct. When you do 2 year plan you pay $40/mo line fee. On the payment plan it's $20/mo.
     
  22. benboy12 macrumors regular

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    Apr 5, 2014
    #22
    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.
     
  23. AWDV8TT macrumors member

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    Sep 16, 2014
    #23
    Hmmmmmm great point. Confusing to say the least.
     
  24. aajeevlin macrumors 6502a

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    Mar 25, 2010
    #24
    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.
     
  25. C DM macrumors Westmere

    Joined:
    Oct 17, 2011
    #25
    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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