Verizon's Edge upgrade program?

Discussion in 'Community Discussion' started by sk1wbw, Aug 26, 2013.

  1. sk1wbw Suspended

    sk1wbw

    Joined:
    May 28, 2011
    Location:
    Williamsburg, Virginia
    #1
    Anyone looking into this? Is it a rip-off or is it a good deal? I can't get an upgrade for another year and I am looking into this program to get the new iPhone when it comes out, upgrading from an iPhone 4.
     
  2. determined09 macrumors 65816

    determined09

    Joined:
    Jun 9, 2009
    Location:
    North America
    #2
    I would be cautious of this plan. Verizon doesn't give anything away for free.
     
  3. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
  4. sk1wbw thread starter Suspended

    sk1wbw

    Joined:
    May 28, 2011
    Location:
    Williamsburg, Virginia
  5. Liquorpuki macrumors 68020

    Liquorpuki

    Joined:
    Jun 18, 2009
    Location:
    City of Angels
    #5
    It only benefits people that want to upgrade early but are too lazy to sell their old phone. Since you're paying double, the phone is now paid off at the 1 year mark instead of the 2. But your payments go on for 2 years if you don't upgrade.

    If you upgrade at the 6 month mark, you're essentially selling your old phone back to Verizon for 25% of what you paid for it. Obviously you could make more $$$ if you Craigslisted it but some people need to own the latest and greatest and are too lazy to sell the old one. If that's the case Edge works I guess.

    If you upgrade at the 1 year mark, your phone is already paid off but you now have to give it back to Verizon to get the upgrade. You've basically paid full price for a loaner unit. At this point in time you could've just bought a new phone off contract while also retaining the old one so it's dumb.

    If you don't upgrade, you're paying for the same phone twice over 2 years, AKA $1200 for a $600 phone. Which is dumb.
     

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