Trade in value disparity...

[cohoman]

I hate that they lock you into 3 years now on device installment agreements, credits notwithstanding. I've never had a phone more than 18 months. In fact, my S22 is 13 months in and I'm itching for a new device. If they still did 2 year payment agreements I'd get an S23.

I ordered the S23 using ATT's trade in deal for $1000 credit spread over 36 months. I figured the S23 costs $800 and after 24 months ATT would have credited me $667, so I would need to pay $133 at that point to upgrade to a S25. I usually upgrade every 24 months, so that isn't too bad. It also gives me the option of keeping my phone for the full 36 months if the future S25 isn't that great of an upgrade.

 

[trucksmoveamerica#AC]

I ordered the S23 using ATT's trade in deal for $1000 credit spread over 36 months. I figured the S23 costs $800 and after 24 months ATT would have credited me $667, so I would need to pay $133 at that point to upgrade to a S25. I usually upgrade every 24 months, so that isn't too bad. It also gives me the option of keeping my phone for the full 36 months if the future S25 isn't that great of an upgrade.

Your someone that does the numbers

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[Mr Segundus]

But they are giving you a premium over what any one else is giving you for that trade in. They are protecting themselves in keeping a customer for a certain amount of time, or recouping their cost if you leave early.

If they were giving the same amount as Samsung then there's an argument there.



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So? That's the agreed upon amount.

I can't believe you all are defending this BS. If I give them my device, I no longer have it and I expect to have the agreed-upon value for it.

 

[trucksmoveamerica#AC]

So? That's the agreed upon amount.

I can't believe you all are defending this BS. If I give them my device, I no longer have it and I expect to have the agreed-upon value for it.

You forget about the other agreed part of it, the monthly credits. It's basically a loan you don't have to pay back in lieu of staying a customer.

If it's not for you then it's not for you. Most people keep their phones 3 plus years, this lowers their cost of phone greatly.

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[o4liberty]

Tmobile is giving $1000 credits towards a new a23 which is great! If I trade in my ultra for the plus it's free only caveat is you need to convert your line to magenta max for $15 a month. This is bad for me I can cancel my tablet line and use my phone as its internet connection you get unlimited Hotspot with the max plan so I am thinking to pulling the trigger on this.


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[Serkle K]

So? That's the agreed upon amount.

I can't believe you all are defending this BS. If I give them my device, I no longer have it and I expect to have the agreed-upon value for it.

The alternative for the carriers would be to only give you the credit for the actual value of your device. So if they gave you $95 towards your $1200+ device, would you still do it, or find another place to do business?

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[BerryBubbles]

Tmobile is giving $1000 credits towards a new a23 which is great! If I trade in my ultra for the plus it's free only caveat is you need to convert your line to magenta max for $15 a month. This is bad for me I can cancel my tablet line and use my phone as its internet connection you get unlimited Hotspot with the max plan so I am thinking to pulling the trigger on this.


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That sounds like a workable solution to the increased cost of the higher plan. May I ask, how much the tablet line is?

 

[Talderon]

I explained this is great detail in another response, but essentially, with T-Mobile, if you keep the line active, whatever credits are going to the line, it will stay. The $1000 credit you get is $1000 - {trade-ion-value} / 24 mo = line credit.

In my case, normal financing the S23U would cost me $50/mo x 24 mo to pay off. I was given a paltry $161 for my trade in, subtract that from $1000 and I am left with $839 / 24mo = $34.96/mo in credit. Take the $50/mo - $34.96/mo and I am left with $15.04/mo x 24 mo balance left and that is what I pay for this device.

As long as the line stays active, regardless of what phone is on that line, the credit will remain. Line/account cancellation is how T-Mobile gets you in the end.

 

[trucksmoveamerica#AC]

I explained this is great detail in another response, but essentially, with T-Mobile, if you keep the line active, whatever credits are going to the line, it will stay. The $1000 credit you get is $1000 - {trade-ion-value} / 24 mo = line credit.

In my case, normal financing the S23U would cost me $50/mo x 24 mo to pay off. I was given a paltry $161 for my trade in, subtract that from $1000 and I am left with $839 / 24mo = $34.96/mo in credit. Take the $50/mo - $34.96/mo and I am left with $15.04/mo x 24 mo balance left and that is what I pay for this device.

As long as the line stays active, regardless of what phone is on that line, the credit will remain. Line/account cancellation is how T-Mobile gets you in the end.

Verizon works similar. I can have any phone on that line and still get the credits. The carrier credits either work for you or they don't work for your situation but it's no way a scam as long as you understand it. It's not a bad deal for most people, it is if you want to upgrade every year.

I think most people are understanding how it works but there's a lot of people who want to upgrade every year and think it's a bad deal for most people. You're getting a loan that you don't have to pay back for staying a customer for a set amount of time. You're not losing anything by doing this unless you break the contract and leave early then again there are usually penalties to break any contract. In this case if you break the contract and leave early you have to pay The remaining balance of the phone off it really is simple to understand it's either for you or not for you

For the majority of the people the carrier credits are a better deal as a they keep their phones three or four years or more

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[david61983]

The trade in values are an insult. I remember when you go from an S20 to S21 or Flip3 to Flip4 for $100.

 

[Talderon]

The trade in values are an insult. I remember when you go from an S20 to S21 or Flip3 to Flip4 for $100.

I agree, the trade in values suck, but in total, after trade and credits, I am only paying $360 for my S23U, so I'm just going to roll with it.

 

[fuzzywuzzywazzafuzzy]

I ordered the S23 using ATT's trade in deal for $1000 credit spread over 36 months. I figured the S23 costs $800 and after 24 months ATT would have credited me $667, so I would need to pay $133 at that point to upgrade to a S25. I usually upgrade every 24 months, so that isn't too bad. It also gives me the option of keeping my phone for the full 36 months if the future S25 isn't that great of an upgrade.

Maybe I'm wrong, but I calculate $800/36 = 22.22/month credit. 22.22 x 24 = 533.33, so after 24 months if you paid it off you'd be paying 800-533 = $267 remaining balance. Not worth it, spending $267 on a 2-year-old phone.

 

[note-4]

That sucks, but I find it impossible they would value a note 10 plus at $1000. That's a huge amount for an old phone.

Here, in Canada, I preordered from Samsung website, and traded in my note 10 plus. Trade in value was $160 + $350 trade promotion, for a total of $510. I was extremely satisfied with that number and rushed to complete preorder. With few other discounts, I paid (in Canadian dollar) about $1100 plus tax for the 512 gb graphite s23 ultra. Also got free graphite buds2. I don't think I could have scored any better.

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[trucksmoveamerica#AC]

That sucks, but I find it impossible they would value a note 10 plus at $1000. That's a huge amount for an old phone.

Here, in Canada, I preordered from Samsung website, and traded in my note 10 plus. Trade in value was $160 + $350 trade promotion, for a total of $510. I was extremely satisfied with that number and rushed to complete preorder. With few other discounts, I paid (in Canadian dollar) about $1100 plus tax for the 512 gb graphite s23 ultra. Also got free graphite buds2. I don't think I could have scored any better.

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They don't value the note 10+ at $1,000. It's a promotional monthly credit. They give you more in lieu of you agreeing to stay 2 or 3 years. If you leave early you lose remaining credits. You either like this deal or hate it as it's been discussed at lengths already

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[trucksmoveamerica#AC]

Maybe I'm wrong, but I calculate $800/36 = 22.22/month credit. 22.22 x 24 = 533.33, so after 24 months if you paid it off you'd be paying 800-533 = $267 remaining balance. Not worth it, spending $267 on a 2-year-old phone.

Here's what I show

Phone is $1,200

24 monthly credits..$533.28
24 payments you made..$266.72
Total paid credits\payments..$800

You would still have a balance of $400

To pay off the $400 and what you paid over the 2 years of $266.72. You would have $666.72 total out of pocket

The trade in deal at pre-order on the S22U...

Phone cost..$1,200
Trade in value (S22U)..$500

Total cost due now...$700


So it appears your paying more with the payments over 2 years, you're not. If you pay off in 2 years you just kept your money in your account longer. Last I checked you have to get to around 18 months to break even. That ballpark.

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[cohoman]

Maybe I'm wrong, but I calculate $800/36 = 22.22/month credit. 22.22 x 24 = 533.33, so after 24 months if you paid it off you'd be paying 800-533 = $267 remaining balance. Not worth it, spending $267 on a 2-year-old phone.

The S23 phone cost $800, but ATT is giving me $1000 credit spread over 36 months. So, $1000/36 = $27.78. Then, $27.78 x 24 = $666.67. $800 - $666.67 = $133.33

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[Mike Dee]

The initial trade-in value for the iPhone 14 Pro Max when the phones first went up for preorder was $720. Now Samsung has upped it to $800. I may trade in my iPhone for the S23 Ultra now.

BTW, I hope people start suing Verizon and carriers because giving you your trade-in credits over a period of 24 or 36 months is ridiculous. If I give up my fully paid for phone now, I expect the trade in credits now, not spread out over 24 or 36 months. And Verizon told me that if I upgrade that phone within that time period, I lose the credits. So not only do they take my phone, they also screw me out of trade-in credits.

Such BS. This is why I only buy unlocked phones.

The trade in credits are part of the agreement so what exactly would anyone sue for?

 

[andee1517]

Unless something recently changed, you don't on T-mobile.

Back when the s9 line was released, we traded our old phones in at T-Mobile for a new s9+ and s9 & received monthly bill credits for each device. My husband didn't like the s9, so next year, when the s10 line came out, he paid off his s9 at T-Mobile. He then took his paid off s9 to Best Buy & traded it in on an unlocked s10+. We continued to get both sets of bill credits. As long as he kept his phone line, there was no problem. On top of it all, we have a really cheap plan.

Wow, that is something. If only T-Mobile service didn't absolutely s*** in my house and office (NYC!), would give consideration to switching.

 

[cckgz4]

Yeah these contracts are ridiculous.

I bought my note outright through Samsung, and I checked out with Affirm (I've done this with my last 3 phone purchases and it kills the hassle of having to worry about these leased plans) but they only gave me like 400 for my phone

 

[trucksmoveamerica#AC]

Yeah these contracts are ridiculous.

I bought my note outright through Samsung, and I checked out with Affirm (I've done this with my last 3 phone purchases and it kills the hassle of having to worry about these leased plans) but they only gave me like 400 for my phone

Different strokes for different folks. Do what works for you

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