Verizon

Verizon Edge starts for customers on Share Everything plans August 25

Competition is definitely a good thing. Following the lead of other carriers (and not so much others), Verizon is introducing a new phone upgrade policy. Dubbed "Verizon Edge," this program will allow customers to upgrade their phones more frequently, as long as they meet certain requirements.

Basically a phone payment plan, Edge will enable customers on Share Everything plans to upgrade their basic phone or smartphone, spreading the full retail price over 2 years of monthly payments. Through this program, upgrades every 6 months are possible -- as long as 50 percent of the retail cost has been paid.

The first month's payment will be due at the time of the upgrade. Verizon states that customers will have no finance charges or upgrades fees when using this program. Verizon Edge will be open to eligible customers starting August 25th.

Source: Verizon

 

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Verizon's new 'Edge' program allows no-contract upgrades every 6 months

151 Comments

Yep. Your basically paying the phone subsidy twice.

Verizon and AT&T seem to be getting creative with how they screw with there customers.

Yeah but you don't pay the acquisition fee. On contract you pay $250 up front for your phone and can only upgrade every 24 months. For a top of the line phone that retails at $700, you need to pay off $350 of this to upgrade to a new phone. So you pay an extra $100 for the right to upgrade 18 months early. Of course you have to count how much money you'd get for your phone if you sold it on ebay, after 6-months. So let's say you'd get $450 (I think that is generous). That gives you a net profit of $200! Oops....now you don't have a phone, so you have to buy off contract at $700. Accounting for your $200 profit, you actually pay $500 to upgrade every 6 months and that is a capital cost up front. This plan lets you do it for $350 every six months with interest free financing (I bet they add some bogus fee per month though to participate).

I don't think it is as bad as people are acting like (in its currently advertised form). Of course they are going to charge you to upgrade early, but I don't think the amount is that unreasonable.

You are assuming you get to keep the phone when you do the 6 month upgrade. I'm sure it will need to be traded in for the upgrade and not kept by the customer. Otherwise every 6 months the carrier would lose money (if it's to believed the retail cost is what they pay).

This is the part they are leaving out and what I would like to know. Do we keep the phone or no? If we get to keep it, that would be great as I could keep handing phones down to my wife and mother in law and keep getting a better phone for myself. :) If you don't get to keep the phone then all bets are off. But hoping the new Moto X Phone with a lower price point could really make this even better though.

I'm guessing that if you have paid off the price of the phone, you get to keep it. If you still owe on it then you will probably have to turn it in.

"You are assuming you get to keep the phone when you do the 6 month upgrade"

No, he's not. The part about selling on eBay is referring to if you get the phone for a subsidized price ($250) and a 2 year contract.

...

Woohoo. So Verizon will now let you have a new phone every 6 months - if you pay an extra $700 per year (assuming you're getting phones that cost $700 retail). Big whup!

I'm pretty sure I could buy the latest and greatest every 6 months (for full price) and sell my 6 month old phone myself for at least 1/2 what I paid ... and keep my Unlimited Data.

Yes, if you upgrade every 6 months. That's faster than a manufactures release cycle though, so unless you jump around on manufacturers (I know some do, but I'd doubt most) then you upgrade every year for $350-$250 acquisition fee, so $100

"I'm pretty sure I could buy the latest and greatest every 6 months (for full price) and sell my 6 month old phone myself for at least 1/2 what I paid ... and keep my Unlimited Data.

If you buy a phone for $700 use it for 6 months and then sell it for $350 then that is a $350 realized cost for your use of the phone every 6 months. That is the exact same thing as the VZW Edge plan except your ways requires you to front $700.

Of course, your way keeps unlimited data if you are lucky enough to have it.

Yes, the previous phone needs to be traded in to attain a new phone. A s4 6 months from now, in good condition, can easily be sold for 450 dollars on ebay. That is my honest opinion. I bought a used Samsung captivate on eBay for around 300ish dollars. It was a few months older then 6 months as well. This plan is a ripoff. At&t has come out with a similar plan, but it allows you to upgrade yearly with a one year contract.

Sorry, but you are making one major incorrect assumption: that you'll be able to sell your old phone on eBay after the 6 months. Verizon's plan, just like AT&T's and T-Mobile's, requires that you trade in your old phone. Unlike AT&T's and T-Mobile's plans, however, you will have paid for 50% of the phone's cost (as opposed to 25% for AT&T, and a varying amount on T-Mobile due to different down payments and monthly payments...currently 38% @ 6mos for an HTC One). Also, like AT&T, but unlike T-Mobile, you still are paying for a phone upgrade subsidized in your service plan. A customer taking advantage of Verizon's option would essentially be paying for 3 phones IN FULL over 2 years if they upgraded every 6 months! Verizon's early upgrade plan is by far the worst of the 3...but that should've been expected. It's Verizon for goodness sake!

Correct my math, but I believe AT&T makes you pay off 60% of the phone before trading in.

$0 down but MSRP divided by 20 months, allowing you to upgrade after 12.

12/60 months paid = 60%

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I assume you mean 12/20, but yes you are correct. However, paying 50% of the retail price of a phone TWICE in 12 months (essentially 100%), when the phone is subsidized anyway, is still a horrible deal. The fact that AT&T's offering is horrible too, or that the customer will get to upgrade twice in that timeframe, doesn't negate that fact.

I love the idea behind this, but you are right, unless they attach this to a monthly plan that does not include subsidy it is better for me to just buy and sell phones on my own.

Who would have thought Verizon would beat AT&T in this arena?

Posted via my themed "WHITE DRAGON" LiquidSmooth Sprint GSIII.

You can pay Verizon an EXTRA $700 per year(!) to get a new phone every 6 months. If that is beating AT&T, I now feel even MORE sorry for AT&T customers.

EVERYONE IS MISSING THE MATH..

On the device payment plan, your payments are spread over 2 YEARS. The ONLY way you will be able to upgrade every 6 months is by paying DOUBLE the device payment EVERY MONTH (because you have to pay off 50% of the device).

Now through in the fact that VZW is the most expensive wireless carrier already AFAIK, and you have a REALLY EXPENSIVE upgrade plan. Not to mention that YOU ARE STILL PAYING THE SAME RATE PLAN AS A SUBSIDISED CUSTOMER. YOU ARE GETTING SCREWED!

Exactly. By requiring 50% of the phone's initial cost to be paid, and still requiring that the phone be traded in, Verizon's plan is by far the worst option of the 3 available. In fact, most customers would be forced to make a balloon payment when upgrading at 6 months to pay 25% of the phone's cost. Essentially Verizon is trying to ensure they get that upgrade payment like they do with subsidized phones, but still charge customers for a subsidized phone in their service plans! This plan, like AT&T's, is nothing but an attempt at FUD on T-Mobile....as T-Mobile's early upgrade plan is the only one that represents a true value option to customers.

At anything over one line, Sprint's Simply Everything plans are the most expensive available, coming in heavier than the 10GB share everything plan from Verizon and the AT&T counterpart (in respective order of next to least expensive), all of which are trounced by T-Mobile's rock bottom rates (in the US comparatively).

The primary benefit of this doesn't seem to be for people who are going to use the 2 year contract, but for people who are going to buy outright anyways without renewing their contract. In that case, you're saving money on the Verizon end, which is offset by the money you lose from not being able to resell the device yourself. Depending on which device, quality etc, it's hard to know whether you actually make money off of this or not.

Since in either case the customer will pay the same rate plan, that's almost a moot point. I get why it is brought up when compared to T-Mobile, but Verizon and AT&T have no other options, so nothing has changed there.

Yup, I admit I got tricked into joining Verizon edge. Now I don't know how in hell to leave Verizon without paying full price for a phone I don't want anymore. It really does suck!

I thought as much. wasnt sure but figured this was another way to get those stragglers off the unlimited plans

as soon as i read the 1st article about this service i knew they would find a way to leave the unlimited data people out of it.

You can't upgrade on contract. The point was that this wasn't a contract upgrade and that's why people are asking about if the unlimited customers could get into the program.

They can have my children before they get my unlimited plan. Financially it's a bad move but I would have done it anyway so you loose my money Verizon, and I'm still not leaving unlimited.

You actually can upgrade on contract while keeping unlimited, either by adding another line or by transferring the upgrade to another line on the same account. There is a fairly detailed thread about this in the forums.

Don't see why not. Your not renewing your contact just buying a phone at like before except you trade up every 6 months.

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No way they let you do this and keep unlimited data. They will make it so it only applies to shared plans.

No. You will lose that grandfathered unlimited plan because VZW Edge requires you to be on a Share Everything plan. And once you change plans, you will never get unlimited back.

Basically, the ONLY way to keep your unlimited data plan is to buy a phone at full retail value from Verizon without signing a new contract, or go the Craigslist route (or similar) to get your new phones.

That said... keep this in mind: Do you truly need unlimited? How much data do you use? I get it, unlimited sounds awesome and to know you have what is now a rare plan is great, but if you're not a power data user, it may be a waste. (But if you are, then it still makes perfect sense.)

I use 5 gb a month. I could get a 8 gb plan for my wife and I and be fine. However, I'm leaning on the side of caution where I only expect my data use to increase with new technologies. Who knows what data hogging invention is around the corner

Well, it really does depend on what data you use and how you use a phone. My wife? she uses 1GB a month -- and that's because Verizon rounds up her amount to the next GB. Same for my mother in law.

Me? When I worked one job, I had to watch NFL games on my phone. There was some significant data usage there. Now, I work in a different job where cell phone use is strictly prohibited during work hours, and by the time I regularly use the phone, I'm home in WiFi, so my data usage is down. So I guess I'm in that kinda-iffy area, but even when I had unlimited data for all these years, the most I ever used it was to watch NFL games. I don't watch movies, I DVR what I want to watch at home, I don't really see the point in having the unlimited data *IF* a cheaper plan can be had. Which the interesting part is it's actually cheaper for me to stay status quo rather than do a share everything plan.

1) People's data usage will (in general) only go up.

2) The Unlimited plan is the same price ($30/month) as Verizon's 2GB plan. Why would anybody NOT try really hard to keep that?!

Again, it depends on what kind of user you are. If you're a power user, no it doesn't make sense (See an earlier comment I made just now.) If you're not, it really doesn't matter. For my wife and mother-in-law, it doesn't matter to them. For me, possibly a different story. But again, I'm not changing because what I have now is cheaper than a plan change.

Safest way to go is to stick with unlimited if you have it. As technology matures, data usage is only going to go up.

It says no contract, yes, BUT, even in the official press release that this article links to, the final sentence: "Verizon Edge will be available to customers on Share Everything plans starting August 25th."

So you still have to be on a Share Everything plan. And to do that, you give up the unlimited plan. So to answer his question, to use VZW Edge, he'll have to give up unlimited data.

We have to look at the details from Verizon.
But as I understand it if you just keep the plan you have, buy the phone of your choice at full price you keep the truly unlimited data plan.
So no deals for phone purchase, make good choices and keep your device for as long as possible unless you can justify a new purchase.

No you dont get to keep it. But Verizon is running a deal right now. You can get 6 gb's of data for $30 dollars. that is a savings of $50. If you switch to a share everything plan. Then you can get scammed by this "edge" program.

This isn't really that good of a plan, basically they won't be subsidizing devices anymore. If you want to upgrade every 6 months, half price of a high end smartphone is between $50-$60 a month to be half paid by the 6 month mark. Add that to the same plan price and you're looking at close to $200 a month for a single line!

You aren't looking at it right. You don't have to pay the $250 up front for the device. So you pay $350 over 6 months versus $250 up front for the right to upgrade at 6 months. That means you pay an extra $100 (spread over 6 months) for the right to upgrade to the latest and greatest more often. That doesn't seem unreasonable to me. Look at it like leasing a car vs buying a car.

Oh and it's $50-$60 a month if you want to upgrade at 6 months. What if you just want to upgrade each year to the updated version of your favorite manufacturer's top end phone? Now you spread $350 over 12 months = or a little over $29 extra each month for the right to upgrade early.

It may not make sense for everyone, but it will for some.

Don't forget about the other $20-30 that you are paying to subsidize your phone upgrades. It's not like Verizon is going to lower the cost of your service plan, and that has the cost of your phone upgrades built into it. If a customer takes advantage of Verizon's plan every 6 months then they are paying 50% of the cost of a new phone 4 times over 2 years: that's 2 phones at full retail cost! In addition, that customer also paid the full subsidized cost (minus the upgrade down payment) of a phone, as part of their service plan charges. This will be a HUGE financial windfall for Verizon as structured, due to folks not being able to see the way they are being charged twice.

Slightly disingenuous to frame it like this, because if you were going to buy the device outright you were going to pay all of that extra cost anyways. The only difference between this and buying the phone full retail is whether or not you can sell the device at the end. If you were going to sell the device for >= 50% of the full retail value after 6-12 months, it is not a good plan. If you were going to get 0-49% of full retail, this is a better deal. The relation to on-contract subsidized upgrades is slightly irrelevant.

It's not disingenuous at all. Are you going to sit there and honestly say that Verizon isn't going to market this as a value alternative to T-Mobile's JUMP! plan? It's not like the only options are EDGE and full retail, and in fact if full retail was a competitive choice Verizon wouldn't even be rolling this out. It's about EDGE or CHURN...as in leaving Verizon for a competitor (likely T-Mobile). In light of that, Verizon structured this to look similar to JUMP! to an uneducated consumer, yet still bring in additional revenue AND still maintain subsidy income. That's the whole point, and why it's a horrible deal for the consumer. You comparing Verizon to Verizon alone is an example of being disingenuous, lol.

Verizon couldn't give a crap less about what T Mobile is doing. You think the company posting massive profits is worried about what a company posting losses is doing?

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LOL! You obviously know NOTHING about the mobile industry or T-Mobile. T-Mobile has posted over $1bil in PROFIT in each of the last 8 quarters. Their profits have decreased over that time (partially due to their HSPA+ and LTE rollouts), but they have not only consistently been profitable, but their subscriber base is growing.

Take a look at Verizon's numbers as well from the last quarter. In the midst of all of those great numbers, one stands out: churn is growing even though subscribers are also growing. Where do you think the customers who choose to leave are going, hmmm? Verizon is more than certainly concerned about what T-Mobile is doing. To do otherwise would be a BlackBerry/HP/Yahoo/Nintendo level mistake!

So if a phone is $600. Over 24mo that's $25/mo. In 6mo you would have paid $150. So to upgrade at 6mo you pay $150 up front to have paid half ($300)and get a new phone. Or wait 12mo and get a new phone with no cash out of pocket.

Sounds easy...

Do we get to keep the 1st phone or do we have to turn it in when upgrading? This is getting interesting and I can't wait to hear the full details.....

you will have to turn it in..

If you want to save money on your cell phone costs, get t-mobile family plan + nexus 4 (from google play for $350) - there's nothing cheaper

I did an extensive test drive with AT&T and a Nexus 4. Both True AT&T and Net10. The coverage did not work for me. T-Mobile is even worse and I didn't even try.

Long ans short of it, I have to stick with Verizon until coverage with the other carriers improves for the places I go.

I would rather pay full retail and keep the phone rather than pay for 50% of the phone and turn it in.

At least VZW is now giving customers more options...

Without really reading in to this or doing much of the number crunching, I think Verizon's deal is at least slightly better than AT&T's even if you don't get to keep the device since the payments are spread out over 24 months instead of 20. No financing or upgrade fees is also nice.

That said, if you do this AND get to keep your device, then this is definitely better than AT&T's solution. I don't see anywhere in the release on Verizon's site that you have to trade in your device. So in a way, you're spreading the cost of the subsidized price (plus a bit more, depending on the subsidized price) over a period of time before upgrading again, unless you have to pay the subsidized price and then you start your monthly payments based on the phone's full cost, then it'd still be a ripoff unless you really see value in the convenience and early upgrades.

I'm still waiting to see what Sprint comes up with already!

Sprint needs to stay out of this. Anything that doesn't beat or do exactly the same as T-Mobile is a fail.

Posted via my themed "WHITE DRAGON" LiquidSmooth Sprint GSIII.

Not sure if I follow your logic.

It's been noted that AT&T and Verizon's options are worse than TMobile's solution. If Sprint doesn't offer anything, then they're behind AT&T and Verizon by default, which would put them in dead last. Last I checked, doing nothing is not how a company succeeds in a competitive market.

If Sprint puts a plan out there that's still worse than TMobile's, then it's still a bit of a fail, but it's not as bad of a fail than doing nothing at all.

Please take T-mobile out of this equation. Their coverage is unbearable for a large number of people. Not even worth it.

You can't take T-Mobile out of the equation. They're the innovators of this idea. It's great for those of us with a great T-Mobile coverage area.

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Do you work for a real business? Do you think that these decisions get made in one week? All these programs likely started MONTHS ago in the idea phase. The idea that T-Mobile had their program first because they announced it a few days prior is foolish. There is no way of knowing who had this idea fully baked first. As for it being innovation, that's another argument.

T-Mobile launched it first. And if you want to get technical, T-Mobile starting the UN-Carrier campaign is what caught Verizon and At&t's attention. That was back in January.

So yeah, T-Mobile thought of it first and launched it first. Your average consumer will say that T-Mobile was first, and the other carriers copied them.

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"Your average consumer will say that T-Mobile was first, and the other carriers copied them."

You could be right, sadly. The average consumer will also think all these plans are amazing.

And MERCDROID, you are absolutely correct! And T-Mobile is getting better by the day...including the coverage!

This. People love to hate T-Mobile; especially, people that have never used their service.

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I've never used T Mobile but when my brother visits he gets data on EDGE and can't hold a call.

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T-Mobile's coverage is excellent every place I go. Of course I'm usually in a city or not far from one.

It's a little better than ATT since it is spread out over 24 months instead of 20 but it still seems that this program is way worse than upgrading yourself. There is a chart breaking down the costs at www.learningcameras.com

interesting chart but since tmobile can do no wrong in these parts, it will be wildly put down and called crap

The reason why Tmobile is so well regarded is that after paying your subsidized phone, your monthly payments drop accordingly. Other carriers keep the subsidized price even after your phone is fully paid off and are now month to month. That and T-mobile is one of the few carriers that still offers unlimited data.

The chart is interesting, but doesn't include the monthly plan payments. Which would inevitably swing the the total cost into T-mobile's favor.

The chart is missing an important element. The cost of the plan is not included. If it was T-mobile would win. As a Verizon customer I am incredibly annoyed that the plans for theses options cost the same as before. The plans should be reduced by $20 a month. And for those of us who have completed their 2 year contracts the monthly payment should be reduced by $20 a month as well.

Plus with ATT, you have to pay the $36 upgrade fee AND the restocking fee when trading in your phone. FAIL!

Yeah but that assumes you still only upgrade at 24 months. That chart is a fail in my opinion. Of course this is more expensive, but you can upgrade faster.

It doesn't.

It upgrades at the 12 month mark, hence the $150 in both the first and second phone area for TMobile.

Where does the 720 on Verizon come from?

You have to pay half of the cost, so if you pay half at 1 year in and pay half at 2 years in, then you pay 100% for the device in 2 years. Using your $640 GS4 example, that would be 640.

I'm not understanding where the extra $80 comes from.

The basic problem is that you're paying for the phone twice. The first time for the plan which already includes a great deal of the cost of the phone. The second time is when you pay the monthly charges for the phone under the edge plan. It's a scam.

I'm thinking it's kind of like leasing a car. Getting the latest phone is worth it to me. Yeah I don't own the phone if I do that, but so what. I think I've sold one of my phones when I got a new one and all I did was recoup the contract price of $199. I like it.

What customers want is the ability to use any compatible phone and upgrade whenever they want. If I want to use a Google phone and change phones monthly then let me. Owe, and since Verizon isn't subsidizing the phone anymore and making money off that subsidy reduce your monthly fees. When all carriers have no contracts and bring your own phone ability then phones will advance faster and be based solely on their cost and features and not the network of the carrier and monthly rates will come down because carriers will have to compete solely on the quality and cost of their network and not the phone that they have exclusive rights to.

The part I have not seen anywhere is say I am allowed to upgrade having 50% paid. Do I still pay the other 50% after the upgrade on top of the new phone cost? Because at that rate at some point you could/will be paying for 2/3/4 phones at the same time or is that where the extra they are pulling for the non-used subsidizing comes into play?

don't be condescending, the carriers are making these new services confusing on purpose in order to catch people off guard.

I'm sure if you have to keep paying the installments on Phone1 ater you get Phone2 you would be able to keep Phone1.

Obviously, it makes no sense that they would let you keep a phone on which you've only paid half the installments (or less) unless you kept paying for it.

So, I can't see any way you could keep the first phone if you upgrade in 6 months, a year, or anytime before you've paid for it in full.

You got it. You pay in full, you keep it. You stop paying before it's paid off, you return it.

I was about to rip you but I re-read the article and the author makes no mention of either the requirement that you trade your existing phone in or the fact that any payments on the existing phone will be wiped out when they receive the trade-in.

So if you hadn't read all of the recent articles concerning AT&Ts similar plan, you might not have been aware of these details.

It's a poorly written article.

it sounds like you need to reevaluate your data usage then... that's an obscene amount. I'm a power user and use 2gb at most

One thing's for sure... he's one of the bandwidth hogs that will end up ruining it for everyone.

Unlimited means unlimited. Period. There should neither be throttles, nor limits to the amount of data used. If it was never truly unlimited, then Verizon shouldn't have marketed it as such.

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They forced me to take a $30 plan years ago. made me keep it with every phone I had over the years. I tried to get them to let me use WiFi instead of an expnsive data plan and they said "NO WAY". This is when I had a WM phone and I was getting 1x. Now they want me to use WiFi and go to metered data for the same price I pay now.

Guess what?? I never use Wifi and don't plan to use my home WiFi to make it easier on them. I pay for unlimited and I stream TV, radio, XM. I have unlimited and I treat it as such.

When they kick me off, I'll take my money over to Sprint, that still has unlimited and good service in my area.

Oh, did anyone read the Verizon mailer where TEC is going to $8/month even for those who have never let it lapse? More money grubbing.

Not if you are not around wi-fi for most of the day. I am NOT a power user and I use 2GB alone just checking the web, weather, goofing around, etc.

If I watch Netflix and use Google Music, then I could burn through 1GB a day without blinking (especially Google Music).

I think it's foolish to spend a ridiculous amount of money to stream music/video, which accounts for most cases of extreme data usage.

You may be a power use in terms of communication (Phone calls, emails, texts) and/or have regular access to wifi.

I have 15GB of LTE through AT&T. It aint cheap, but half the time I've been with AT&T I have come close to that 15GB limit.

Why is that? Using more than 5gb a month is a sign that either you have a data leak or you're streaming music/video, which is foolish to begin with. Neither of those things make one a power user.

I'm curious, as to how it's foolish to stream music and/or video.

Oh, I get it. You don't stream anything, so it MUST be foolish for others, to do so.

You seem to be an expert, on how to define power users. So, expert, define what a power user is. We're waiting.

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You're siimply just not a power user. There's music streaming apps out there because that's what the phone is for as well as video. A person that likes a ton of music and doesn't want it all on their device should be able to stream if they want to. That's exactly what I do. Google Play Music is perfect for me in this regard. I'm on T-Mobile with the $30/month 5gb plan and I'm already at 2.5gb halfway through and that's with monitored usage. I'm lucky enough to have great tmobile HSPA+ and LTE everywhere I go on my HTC One. Beats the hell out of Sprint in Dallas/FortWorth. But I know for a fact I'm gonna have to switch to the $70 unlimited plan next month because T-Mobile has such good LTE speed here, I can't help but not use it and I don't have WiFi at home. Power users like myself stream, browse and download almost nonstop and unless you have wifi at home, your mobile Network usage can and will get high.

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Connor, with all due respect, saying how one should use their data is like telling someone how they should spend their money.

The point is, these phones are made so you CAN stream music and video. They WANT you to be able to do that, with the idea you'll not always be near a good WiFi source and that you'll pay more for higher data plans (provided you're not a grandfathered unlimited plan.)

So if they want you to do it, why then is it foolish? For you, it may be a foolish proposition, but not for others. I don't do the music streaming myself, but I have used video streaming before when I'm somewhere that has no WiFi or access to what I want -- such as the NFL Sunday Ticket or WatchESPN.

As far as power user is defined, I think we can break it up into two definitions. Yes, there will be some people who use a phone and its capabilities way more than others. That is a power user. But I think the other thing we need to do is define a power *data* user, which means it's those people who are using the 4G network to do what they need to do, in lieu of a WiFi network (and there could be various reasons why a WiFi network isn't available.) If those people are using several GBs of data, that is a power data user. Not everyone is one, and that's fine. We all use our phones differently, so everyone's 4GLTE data usage will vary.

Streaming one song uses more data than a lot of things we could do that would use a fraction of the data.

So, the fact that streaming of media is what will eat up your data allotment the fastest doesn't necessarily make someone a "power user." Not that such titles matter anyway.

I highly prefer having my music on my device. I can't fathom *wanting* to watch video of any length on a smartphone screen. That's me, though. I don't begrudge anyone else their choices...unless they live in my house, on my bill.

Why is streaming foolish??
I pay for unlimited data and I can do as I please.

I use about 6GB a month and I never use WiFi.
I pay for unlimited.

What happens when you go into a AT&T or Verizon store as a new customer, buy a phone outright and sign up for service? Are they giving you a discount on the plan because you aren't paying the subsidy pricing on the phone? Last I checked I don't think they do but I could be wrong as I never bought a phone from Verizon or AT&T outright like that before..

I think this is more of a change of culture (Might be wrong word, regardless).. The only reason T-Mobile is discounting their plans is because they have nothing to lose.. They are 4th out of the 4 big carriers in the United States.

AT&T and Verizon KNOW that regardless of how they price this out, they are going to get customers to buy into it.. Even if they only get an eighth of their subs to sign up for this, they will be ahead of the game..

My God. They keep inventing ways to swindle the customer and drive up profits even more. They're making fools pay for phones twice. Sickening.

Update:  Verizon has confirmed to us that VZ Edge is not available to customers on unlimited data plans.

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There is nothing to "update". The last line of the Verizon Press Release in the Source Link above states: "Verizon Edge will be available to customers on Share Everything plans starting August 25th."

Why is that people feel "entitled" to have money taken off their bill? The service is XX dollars a month. Last time I looked at a verizon bill, it didnt say that I was paying XX for service and XX for subsidy.

It just said I owed XX.

Yes T-mo takes money off your bill and that is fantastic. Others dont right now, and may never.

That's what I'm saying, does Verizon/AT&T discount their plans if you walk in, buy a phone outright and sign up for a plan? I don't think they do.. And haven't done that in a LONG time, if ever..

It has nothing to do with feeling "entitled", it's actually what happens. The reason there is an ETF (and the reason it keeps getting raised in price), is because they need to recoup the cost of subsidizing your phone through your monthly contract payments when you leave the provider early. It's a fact, not an opinion. Nobody knows exactly how much of your monthly payment goes towards phone subsidy, but those "in the know" think it to be around $20 per month. The reason T-Mobile's upgrade plan is better is because they took away that built-in monthly subsidy. On Verizon and ATT, you are paying the built-in monthly subsidy and then ON TOP of that, paying monthly for the phone (aka double dipping). Jesus, not everyone who doesn't want to get screwed by a corporation is feeling "entitled". WAKE UP.

It is what happens on Tmo, not on VZW and on ATT (or more than likely Sprint).

You feel you are entitled to a discount because you paid for you phone in full, that isnt how it is. Again, is not how it is with them.

You'll get over it.

+1 BURN!!!

Besides...the previous poster was an idiot besides for substituting blind, dumb opinion for facts.

regardless of how you put it, it is still the cost of using their service, hands down and end of story. They tell you if you want on the network, you pay this price, period. End of story. The price of the CEOs jock itch cream is not included but some of the money goes there as well

I will go slow for you.

Verizon says you pay 100$ for their service. Whatever the $100 goes towards does not matter. It is still $100 to use Verizon.

A perk of starting a contract, is that you can get a phone on that line for the same $100. No increase in the bill, just the initial payment.

The downside is that when you pay off the phone, you still pay the $100.

No matter how the $100 is split up, it is still $100 to use the network. That is the price you pay for network access.

I am not trolling, I am not on Verizon and I pretty much think they are taking advantage when ever they can, because they can. The same with ATT.

You don't get it. They hide the subsidy in the billing and if you don't ever buy a subsidized phone it just means more profit.

Just because it's not broken out on the bill doesn't mean it isn't there. The payoff of the ETF *IS* part of your monthly bill. Once you are no longer liable for ETF, they should lower the bill by an equivalent amount. They don't. It's extra profit.

I do get it and understand it but the eft isn't just the phone subsidy, it is you paying to get out of a contract that you made.

Posted via

So you pay full price for the phone and still pay the standard rates for minutes and data? Why wouldn't Verizon let you upgrade every six months with a scam like this? They've found yet another way to stick it to their customers.

Ok .....hold on. Will this mean that you pay the full retail price or will get the two year discounted rate?

Posted via Android Central App

Not if the carrier doesn't knock some $$ off of your bill it's not...Using your scenario, you're paying for the phone, and then paying for 2/3 of the phone a second time.

There is no "best plan" with Verizon. They gouge you no matter how you try to win. Buy your own phone and go with one of the prepaid carriers. Winning.

Anyone else think these policies allowing for more frequent upgrades might encourage OEMs to turn out updated phones more frequently? Horrible if it happens.

It's not in their best interest to do so. Where Apple and Samsung have made their profit isn't from initially selling their new models, it is selling those same models for the same price 8 to 10 months from now when the hardware price for the components has decreased 205 to 30%. if they are constantly releasing new phones, they are constantly dealing with slimmer profit margins.

The most efficient use of this plan from the cost of capital standpoint seems to be to upgrade using this plan once per year. This involves no extra "fees" to increase your total paid from monthly subsidies to = half the cost of the device, ie. no additional upfront costs other than your $30 a month or whatever in perpetuity with double the upgrade cycle at same cost as buying devices outright. Subtracting the resale value of your device, if it is >= 50% of the device, you break even or lose the delta, if it's <50% of the device you gain the delta.

Assume a new device costs $649

You get it on VZ Edge and you start paying $27.04/m. Then after 12 months you trade it in and get another new phone, your existing debt is wipe out and you start over with 24 new monthly payments at $27.04 per month. At the end of 2 years (from the first phone you bought) you'll be in the hole to verizon $324.50 on your second phone, still owing 12 more months of payments. Total out of pocket after the first 24 months is $649 ($27.04 x 24) plus you still owe verizon $324.50 for your 12 month old phone.

If you went the subsidized route you would have paid $199 up front. Then at 12 months you sell the phone on ebay for $300, then buy a new phone for $649. At the end of 2 years (from the first phone you bought) your contract with verizon has ended and you owe them nothing. Total out of pocket in the first 24 months is $548 ($199 minus $300 plus $649) and you owe nothing on your 12 month old phone.

Am I missing something or is that really jacked up?

The part I believe you are missing is that signing up for EDGE does not eliminate your ability to get a new phone at the subsidized rate each 2 yrs

Posted via Android Central App

So in my first scenario where at the end of 24 months you're on your second phone and $324.50 in debt to verizon, what are your options?

From the press release it sounds like you're *either* on VZ Edge or a 24 month contract. No swinging back and forth.

This plan was created first by T-Mobile, I think. But it's aimed specifically at the ADHD consumer who needs to have the "Newest and best" product as soon as it comes out. It's a poor value, mainly because you'll be paying full price for the phone if you decide to keep it for two years, half the price if you decide to trade it in before you finish paying. Rest assured, you have to trade it in to get the next upgrade.
Since few of us actually leave our providers (I've been with AT&T for over a decade and I know many Verizon customers who are the same way) being locked down to a contract shouldn't matter. So I'm paying less that half of retail value for a phone that I'm sure will serve me well for at least a year of not the whole two. But what if I want the "newest and best?"
Here's the reality, most consumers who get a smart phone rarely use it to it's full capabilities so they're paying top dollar yet only using a fraction of what they pay for. Sucker born every minute. With this new plan, you pay for half your phone, return it and get a new one. It's like a car dealership. The phone's value decreases much faster than you're paying. If you pay the full price over the two years it's value is a fraction of the original. If you're not going to finish paying and instead opt to trade it in before it's paid for, the money you spent on it up to that point is spent and you are unable to sell it to recover any of it.
Here's what I find, most phones upgrade their hardware on average once a year. And the software roll-outs about the same. (iPhone once a year, Galaxy series every summer, galaxy Note series every fall) I have two phone lines, one for myself and one for my 78 year old mom. She doesn't want or need a phone upgrade every year, and neither would most of your teenage children. So I upgrade my phone once a year when the latest one comes out, if mom (or in your case whoever else shares your plan) wants an upgrade I give her my old phone, and she's overjoyed. Usually she doesn't need one, three years before she wanted the last upgrade. And it's been eight months since I gave her my Note 1 and she's still learning how to use it!
So, since I get to keep my phone on the two year contract, I post it to eBay, usually recover more than half of what I paid, a couple of times I got the full amount I paid (discount price with two year contract), and keep the cycle going. I find it the best way to get full value out of my phone.
I'm also a bit of a tech geek, so you can rest assured I use all the bells and whistles that I paid for when I use my smart phone. I hope this helps some of you to find a new way to get value for your tech expenditures.

Isn't it cheaper to just buy the phone at full retail
and charge it to a zero interest credit card? Just
make sure you pay it off within the 12-month or
24-month no-interest period.

Or... just put a $1 bill in you piggy bank every
day starting today.... You will have more than
enough to buy a spanking new Samsung Galaxy
Note 4 in 2 years. $1 x 365 x 2 = $730

The Carriers in the UK do the same thing sort of. It's called Sim only Contracts, the only difference is you pay full retail for an unlocked phone from independent retailers or subsidized via Pre Pay so the phone is yours when you decide to upgrade.

Posted via Android Central App

So here's the thing. I spoke with Verizon about their program. You are not eligible for the program unless you are due for an upgrade. So basically they are letting you buy the phone at full price with a payment plan instead of you signing a contract for another 2 years. But you are suppose to pay on the phone for 24 months. So how does this help anyone who is stuck with a phone (me!) for another year that is a piece of crap! It does not help at all. If I had an upgrade I would use it and not pay full price for the phone. If I was going to pay full price for a phone I would switch carriers to mobile nation so I didn't have a contract and still not pay $600 for a phone.

You all have excellent points. Verizon is trying to get more money, like at&t. Sprint and verizon and generic companies want your business. Wait and they will have towers all over. Prices will come down. Phone $ ? Tech isn't really an upgrade for 12 -24 months anyway. 6 month upgraders are not woring about money or are techies. Its there job to have the latest and they pay for it.fingureprint, swiping air, neat, but not worth it to most. I noticed 4g slowing.bigger programs... good luck ya all... we like nice clothes and now its phones. Personnely I can't do without my smartphone but I prefer talking on my old flip phone. Good luck to you all.

Get even by going to one of Verizon's MVNO partners for a BETTER calling plan deal on their SAME network. Just SWITCH your number over, you can keep your same phone. That works perfectly if you are NOT in a contract, but even if you are in a Contract, you will SAVE a ton of money with NO MORE OVERAGE charges. Go to this link to check out the Verizon MVNO partner's calling plan with true UNLIMITED data on the same Verizon network for just $119.99 p month: bit(dot)ly / NOVerizonContract