Re: Note 4 Verizon Edge Policy Change - Note 4 now better deal?
This makes it sound like you can pay off your phone, then enter a new contract immediately:
I am eligible to Edge Up, but I’d rather upgrade my device under a 2-year service agreement rather than a Verizon Edge Agreement. Can I sign up for a 2-year service contract to get a new device if I continue to make my monthly Edge payments?
No. If you’re currently under a Verizon Edge Agreement, you can’t also sign a 2-year service contract. You can, however, Edge Up by paying off 75% (50% for customers with an Edge Agreement entered prior to 6/1/14 or 60% for customers with an Edge Agreement entered between 6/1/14 and 10/15/14) of the device’s full retail price and then turn it in for a new device under a 2-year service agreement. If you don't wish to Edge Up you must pay off the remaining balance of your Verizon Edge device, either in full or according to the scheduled monthly installments. After your Edge device is paid off, you can purchase a new device under a 2-year service agreement.