Since I was on the Edge plan before with my Note 3 and the Moto X, consider the following:
1. Keep your old phone until after 1/15/15 or until you are certain that the phone you choose is the one.
2. I returned a device on 10/20 and its been 2 months. I continue to pay on a device I no longer have. Initially, I had 611 customer service and their supervisors involved which did not get anywhere. I had a store manager get involved and that is not getting anywhere. I decided to call the Corporate Office and that person has spent countless hours to try and get the Edge contract cancelled. From what I was told, Edge agreements are much harder to cancel than a 2 year contract. I was offered a cross upgrade recently as a solution but, doing a cross upgrade is a nightmare and just confuses Verizon. I attempted this about a year ago, which led me to paying off my old Edge agreement earlier. That is a whole other story.
3. You get one return allowed so, if you elect to go with the Note Edge, that will be the phone you will get. No returns allowed after that.
4. When you cancel an Edge agreement, after you returned the phone, you cannot do another Edge agreement for 30 days. Which means, that you return one device on an Edge contract, you will not be able to get the Note Edge on the Edge agreement until after 30 days after the cancellation date has passed. Supposedly, they want me to wait 30 days after my current Edge is cancelled but, I find it absurd that I would have to wait another month before I get another device after my nightmare is over.
In many ways, I love the Edge contract over a 2 year contract and the idea of being able to upgrade faster. I get bored with a device after 12 months. This has been a royal PIA for me and has left me wondering if the next device, I should just pay cash.