As for all the ways Verizon provided me with written proof of what they were doing, none of this had anything that showed the changes to what it had been, and was only presented to me in the store as a discounted phone price that had to be paid in advance, and a $40 upgrade fee. I still do not understand how this is possible. I`ve clung to an upgrade and I`m pretty upset to lose it. How cheaper is it to pay the full price for a phone spread over two years than to pay in advance? For an iPhone 7, I can pay $199.99 today for a two-year contract or sign up for a payment plan of $27.08 per month and pay a total of $650 over 24 months. I might miss something altogether, but I`ve always seen that abolishing contracts was actually a greedy decision by operators not to subsidize phones. On Verizon EDGE, you pay sales tax on the phone when you first receive the device, and then you fund the retail price through 24 monthly payments. This means that your phone will be fully paid after two years. You have the option to make a deposit on the device when you first buy it. This will reduce your monthly payment. During the 24 months, you can pay and own the balance due on your phone at any time. You can even make a deposit equal to the total price of the phone when you first receive it to avoid a monthly EDGE payment. To switch to a new phone, you must have paid 100% of the phone on EDGE. However, they are not bound by a contract.
This means you can get a new phone on Verizon EDGE, cash it out in a month, and then cancel the online service without paying an ETF. As you mentioned earlier, you were in a Verizon store, so depending on the current state of your contract at the time of purchase, they might offer to sell you a new phone for a lump sum payment of $400 to renew your contract and current prices, or $800 to comply with the current contract and the expiration date of prices. The two-year contract allows you to buy an expensive phone (for example, the iPhone 6.B at $649) at a seemingly inexpensive and subsidized price ($199). Of course, however, the cost of the phone is built into your monthly fee, and if two years have passed, you`ve paid the full price for the device. So, apparently, there are now two-year contracts? And what does that mean? Our plan is “The New Verizon Unlimited Plan.” Previously, if you had a two-year contract, you were paying more per month for your plan, but we don`t do that now and I`m afraid if I buy that phone on the contract, our monthly payments will be affected. I had a similar situation when I considered buying a Note 9 in August and when I spoke with customer service, they swore there were no more two-year contracts, but when he saw it in my cart, he could only say, “This sounds like a good deal and you should take it.” What??? In the end, I was told that I would get a half-price contract, which was only available to existing customers who were still on the old two-year contract. To get the deal, I had to pay $400 plus fees and taxes out of my pocket that day. I would have bought the phone at the Apple Store for $800, fully funded at 0% for 24 months.
Instead, I was misinformed about the true cost of the phone by Verizon, paid some of the money out of my own pocket that impacted this month`s finances, and I`m now charged an additional $20 per month for twenty-four months, for a total of $480 plus the $400 paid in advance. I don`t understand how I literally got a good deal in the end. Re: 2-year contract With a contract, you`d be charged $20 more per month for a contract line or an extra $480 over 2 years that you don`t pay for the payment plan. If you have 6 GB or more of data in your Verizon account and plan to keep your data volume at or above that level, the EDGE program is more affordable. For customers with 4GB of data or less, EDGE is slightly more expensive over two years. In both cases, however, the customer benefits from the EDGE program in the sense that they are not bound by a two-year contract and can upgrade their phone at any time. You`ll also avoid many annoying fees associated with activating your phone on a two-year contract. While Verizon abolished two-year contracts for new customers in August 2015, existing customers were able to buy back two-year contracts when upgrading their smartphones. This option is no longer available and customers are transferred to device payment plans when their contract expires. When you get a new phone on Verizon, you have two options: you can either activate it with a two-year contract or activate it in Verizon`s EDGE program. In the near future, Verizon will exit the two-year contracts and move exclusively to the EDGE plan. For now, let`s take a look at the difference between the two options so that you can determine what is best for you.
Moe51, making sure I have the right details when upgrading is also crucial for me. I will make sure that we provide you with the exact information about the upgrade options. Please let me know if you are a professional client or a private client? Where did you see this option for a 2-year contract? When my previous phone died of water damage, I wanted to buy a new phone from the Apple Store and fund it for 24 months, just like we did with the other identical phone in our account. I was told at the Verizon store that if I bought it there and restarted the existing two-year contract, I would get a discounted price, but I would have to pay everything in advance. The 256 7 was $399 off and would have been $799 at Apple. Apple offered 0% for 24 months on the total amount. I was told that if the contract was terminated before the 24 months, I would owe the difference at that time, which was good. After three months of noticing that our automatic payment fees were higher than expected, I started comparing online line fees and realized that the new phone was twice as high as the line access fee of the identical phone purchased from Apple. I started an online chat and was told that the line access fee for the two-year contract phone was “slightly higher” due to the reduced price of the phone at the time of purchase. The problem is that I was never told that the fees for access to the line would be twice as high at the time, and if I hadn`t had a copy of an invoice with me, I had no way of knowing because the printing of the new contract contained no information about the rest of our account, nor the differences between what I had and what I had signed up for. The cat representative couldn`t offer help, so I asked for a call back from a supervisor.
One of them called, and conveniently the line died during the conversation, and she did not call back. I started another chat session to ask for a reminder from the supervisor, and was told to wait for one within ten minutes. That call never came. The two-year contract carries more fees than the phones in the EDGE program. Only one fee is the upgrade/activation fee. Whether you upgrade or add a new line with a two-year contract from Verizon, you`ll pay a $40 upgrade/activation fee per line that will appear on your next bill. Almost all of Verizon`s customers, with the exception of large business accounts, pay this fee. Customers who currently have a two-year contract will need to purchase a phone directly or choose a device payment plan when their contracts expire and they need to update their phones. A device upgrade fee is also required. Have questions about verizon`s two-year deal or EDGE program? Leave a comment below or contact us via our online chat! I thought Verizon abolished two-year contracts last year or even earlier. But I`m looking for an upgrade to my wife`s phone and here it is, there are 3 pricing options presented to me: The two-year contract template is like cell phones have been in America for some time.
With a two-year contract, you buy your new phone from Verizon at a significantly discounted price, and in two years, you can buy another phone at a discounted price. During the two-year period, you may not cancel your Verizon Service or a specific line of the Service without facing a pre-termination fee (ETF). However, the two-year contract does not bind you to a specific type of service plan. For example, you can change the data volume of your plan at any time without incurring any fees or having to pay an ETF. The two-year contract only applies to the phone being updated. As you said, you had “restarted the existing two-year contract,” so the line access fee for that number was not changed because the contracted lines would have already been $40 per month compared to the lines without a contract. Verizon runs device pricing promotions from time to time that prove mathematically favorable to consumers in the long run with free or discounted phones, but as you realized, it doesn`t work as a big long-term benefit with all devices/prices, like iPhones priced by the manufacturer and incur above-average costs. I had to upgrade one of my lines because a phone stopped working. I chose the iPhone 11 Pro Max. I had the attitude of coming in and getting a two-year contract that brought the device about $650. (according to Verizon`s website).
So I went to the store and talked to the Verizon representative there, and he told me that it would be cheaper to get the monthly payments compared to the two-year plan. .