Price guide for paying for an S6 Edge on Verizon #hedidthemath

[inkrededibles]

For anyone wondering, I did the math on the three options provided by Verizon in terms of paying for the S6 Edge. Here are my equations, where n is sales tax. If you want to find out the cost where you live, replace n with (1+your sales tax). So if your sales tax is 9%, n=1.09:

32 GB
Verizon Edge: (29.16)(24)n=
2 Yr Contract: 299.99+[699.99(n-1)]+(15*24)n=
Full Price: (699.99)n=

64GB
Verizon Edge: (33.33)(24)n=
2 Yr Contract: 399.99+[799.99(n-1)]+(15*24)n=
Full Price: (799.99)n=

128GB
Verizon Edge: (37.49)(24)n=
2 Yr Contract: 499.99+[899.99(n-1)]+(15*24)n=
Full Price: (899.99)n=

For example purposes, I calculated with a sales tax of 9%. At 9%:

32 GB
Verizon Edge: $735.83
2 Yr Contract: $755.39
Full Price: $762.99

64GB
Verizon Edge: $871.91
2 Yr Contract: $864.39
Full Price: $871.99

128GB
Verizon Edge: $980.74
2 Yr Contract: $973.39
Full Price: $980.99

This only the device, not the amount you'll be spending per month in terms of data and minutes. However, the 15 dollar discount you receive for being off-contract is included in the price difference when compared to the 2 Yr Contract. Also, I didn't include any other promotions as to keep this relevant for longer.

In conclusion, inflation makes the difference between Verizon Edge and 2 Yr Contract negligible, so if you're on the fence, choose whatever you're comfortable with. Inflation also makes it much cheaper for you to pay through Verizon Edge instead of paying everything up front. So unless you're getting a significant discount somehow through a different dealer or Amazon or something, don't purchase the phone with a single payment.

 

[Juliann826]

I believe this math has been done by so many people. I don't think those paying full price are doing so to save money, well in a way maybe. I purchase full price because I'm on a grandfathered in unlimited data plan. So it IS cheaper for me to buy phones full price, than purchase edge or 2 year plan with a data plan that covers how much data I use per month (10-20GB).

And yes, I know you can get unlimited with T-Mobile and other places, but it's either not truly unlimited, or it's a carrier that does not get good service where I live (Phoenix Suburbs).

 

[STEVESKI07]

And you save an additional $10/month on top of that if you're on an Edge plan with 10GB or more of data.