I understand the whole principal of this program but I'm very put off by two points that I would like to make sure I'm understanding completely.
1) let's say I make my edge payments over the course of the 2 years and thereby payoff my device. I choose not to upgrade right away because I'm waiting for a specific phone release. My payments do not go down even though my device is paid off and mine to keep. True?
2) I make my edge payments for 12 months and decide I want to upgrade my device. I then walk into a verizon and decide to pay off my device 100% so I can keep it and sell it to recoup money . Except I'm not able to edge up unless I then surrender the device I've now completely paid off because I'm under 2 years. Is that correct?
If either one of these is yes, especially #2, then this is a terrible plan and a waste of money.
So unless you **** 75% of the phone's value away on payments you have made just to get a new phone, you're locked into a 2 year agreement on said device anyway if you wish to keep it.
This sounds more like a rental agreement than anything else. A very expensive one for those that like to have a new phone more often than 2 years.
Posted via the Android Central App
1) let's say I make my edge payments over the course of the 2 years and thereby payoff my device. I choose not to upgrade right away because I'm waiting for a specific phone release. My payments do not go down even though my device is paid off and mine to keep. True?
2) I make my edge payments for 12 months and decide I want to upgrade my device. I then walk into a verizon and decide to pay off my device 100% so I can keep it and sell it to recoup money . Except I'm not able to edge up unless I then surrender the device I've now completely paid off because I'm under 2 years. Is that correct?
If either one of these is yes, especially #2, then this is a terrible plan and a waste of money.
So unless you **** 75% of the phone's value away on payments you have made just to get a new phone, you're locked into a 2 year agreement on said device anyway if you wish to keep it.
This sounds more like a rental agreement than anything else. A very expensive one for those that like to have a new phone more often than 2 years.
Posted via the Android Central App
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