Moto X & Verizon Edge

[BlueBlazer60]

EDGE has a complex set of requirements. You have to set down and read all the requirements and match them to your situation. In some case people can save $$$; in others, they well spend more $$$. To determine if the plan makes financial sense for you, you have to do the math. The difference between contract price and the total of edge payments of the phone and the line credit amount influence your result. As a general rule the line credit amount is the major factor. The $25 credit on a line in most cases means a SMALL monthly savings per line with the credit. The $15 credit on a line means a SMALL increase on the line with the credit. [In our specific case - low line credit amount - change change would be about $5 month increase over 24 months using EDGE compared to 2yr $99 contract].

My guess is for most people the amount of increase or decrease will not a significant driving factor. Avoiding contract chains is important to many individuals. But a SWAG would be that more people are interested in the edge up early part.

1. If you paid 100% of the cost of a phone [total of 24 payments is with in pennies of full retail] on the EDGE plan, the phone is your property. You don't have to turn it in any time in the future.

2. If you don't pay the full cost ['edge up' early], you must trade in the phone as part of the requirements.

 

[Firedogee]

EDGE has a complex set of requirements. You have to set down and read all the requirements and match them to your situation. In some case people can save $$$; in others, they well spend more $$$. To determine if the plan makes financial sense for you, you have to do the math. The difference between contract price and the total of edge payments of the phone and the line credit amount influence your result. As a general rule the line credit amount is the major factor. The $25 credit on a line in most cases means a SMALL monthly savings per line with the credit. The $15 credit on a line means a SMALL increase on the line with the credit. [In our specific case - low line credit amount - change change would be about $5 month increase over 24 months using EDGE compared to 2yr $99 contract].

My guess is for most people the amount of increase or decrease will not a significant driving factor. Avoiding contract chains is important to many individuals. But a SWAG would be that more people are interested in the edge up early part.

1. If you paid 100% of the cost of a phone [total of 24 payments is with in pennies of full retail] on the EDGE plan, the phone is your property. You don't have to turn it in any time in the future.

2. If you don't pay the full cost ['edge up' early], you must trade in the phone as part of the requirements.

Great thoughts. I think what most people on EDGE are missing is that they are "renting" the phone as the previous poster above mentioned. This puts the EDGE customers in the same category as those who can't afford new furniture or big screen TV but just HAVE to keep up with the Jetsons. Thus the Rental company benefits with the rental fees, financing, excessive charges if product is damaged, and best of all (for the rental company) they retain ownership of the property and can choose to sell or rent to another party thus further enriching the returns on their capital investment...and exploding the effectiveness of their business model.

This business model is now so popular in wireless bc (wireless) subscribers have been brain washed to believe that wireless Contracts with heavily subsidized phone prices are more detrimental than renting /financing a phone which is a (rapidly) depreciating asset.

However, most Americans live way beyond their means so I guess it's the only option these people have. Thankfully the wireless carriers are more than happy to give American consumers exactly what they (the big corporations) want us to have. WIN-LOSE

Sent from Uranus

 

[sulla1965]

Your not renting the phone. You buy it full price and pay it off via monthly payments at 0% interest.