Verizon trade in question

[Misterb]

I pre-ordered the Note 20 Ultra from Verizon. I had a Note 10+ that was fully paid for. Verizon offered me $500 trade in credit, which comes out to be about a $20 discount off my bill for 24 months.

Now I'm wondering what happens a year from now if I want to upgrade to the Note 21, and trade in my 20 Ultra. Will they still continue to give me the $20 off per month for the remaining year, plus another $20 or so off if I trade in my 20 Ultra (assuming I get the same $500 trade)?

Starting to wonder if I should just send my Note 10+ to Gazelle, and get $365 cash for it?

If I go that route, rather than send Verizon the old phone, are there any ramifications besides not getting the $20 off per month?

 

[tonydeluce111]

I pre-ordered the Note 20 Ultra from Verizon. I had a Note 10+ that was fully paid for. Verizon offered me $500 trade in credit, which comes out to be about a $20 discount off my bill for 24 months.

Now I'm wondering what happens a year from now if I want to upgrade to the Note 21, and trade in my 20 Ultra. Will they still continue to give me the $20 off per month for the remaining year, plus another $20 or so off if I trade in my 20 Ultra (assuming I get the same $500 trade)?

Starting to wonder if I should just send my Note 10+ to Gazelle, and get $365 cash for it?

If I go that route, rather than send Verizon the old phone, are there any ramifications besides not getting the $20 off per month?

If you pay cash to Google for yoked there is no contract extention. I got $550 for my note 9 plus $100 off on galaxy watch 3. Swapped SIMs and no activation fee on Verizon either.

 

[tonydeluce111]

If you pay cash to Google for yoked there is no contract extention. I got $550 for my note 9 plus $100 off on galaxy watch 3. Swapped SIMs and no activation fee on Verizon either.

yoked = unlocked...

 

[Misterb]

If you pay cash to Google for yoked there is no contract extention. I got $550 for my note 9 plus $100 off on galaxy watch 3. Swapped SIMs and no activation fee on Verizon either.

I'm not really following what you're saying. My 10+ is unlocked. The 20 Ultra is a Verizon phone

 

[tonydeluce111]

I'm not really following what you're saying. My 10+ is unlocked. The 20 Ultra is a Verizon phone

You can buy Note 20 Ultra unlocked directly from Samsung for $600 total if you trade in your note 10 plus (no contract). You can the SIM from your note 10 plus to avoid Verizon activation fee..

 

[jejb]

I pre-ordered the Note 20 Ultra from Verizon. I had a Note 10+ that was fully paid for. Verizon offered me $500 trade in credit, which comes out to be about a $20 discount off my bill for 24 months.

Now I'm wondering what happens a year from now if I want to upgrade to the Note 21, and trade in my 20 Ultra. Will they still continue to give me the $20 off per month for the remaining year, plus another $20 or so off if I trade in my 20 Ultra (assuming I get the same $500 trade)?

Starting to wonder if I should just send my Note 10+ to Gazelle, and get $365 cash for it?

If I go that route, rather than send Verizon the old phone, are there any ramifications besides not getting the $20 off per month?

My reading of the fine print on the $500 discount is that if you pay the phone off early or if the phone is not active on the account, the credits will stop. I was told by a rep when putting the order together that I could pay it off anytime. And I guess that's right, but she didn't bother to mention the credit stops if I do. That was the same deal when we got the wife's Pixel 2 XL from Verizon a couple of years ago, so no surprise this has the same wording.

I guess they are hoping that folks do upgrade before the entire amount is credited to their accounts. They gave me $500 for an old S7 Edge, so I'm sure they'd love to recoup some of that. I'm sure we'll stick it out though, like we did with the Pixel. Just don't feel the need to upgrade every year anymore. But it is a consideration for sure if you plan to upgrade in less that 2 years.

 

[trucksmoveamerica#AC]

If I were in your shoes, I wouldn't get rid of your note 10+. Use it as a back up and start the trade in process next year and then trade in the note 10+, use your note 20 as your backup and repeat. I wouldn't get rid of the note 10+ for $365. I personally would keep a backup on hand that you wouldn't mind going back to if you need to for some unforeseen reason. I had to use my note 10+ as a backup this year, it happens

 

[trucksmoveamerica#AC]

My reading of the fine print on the $500 discount is that if you pay the phone off early or if the phone is not active on the account, the credits will stop. I was told by a rep when putting the order together that I could pay it off anytime. And I guess that's right, but she didn't bother to mention the credit stops if I do. That was the same deal when we got the wife's Pixel 2 XL from Verizon a couple of years ago, so no surprise this has the same wording.

I guess they are hoping that folks do upgrade before the entire amount is credited to their accounts. They gave me $500 for an old S7 Edge, so I'm sure they'd love to recoup some of that. I'm sure we'll stick it out though, like we did with the Pixel. Just don't feel the need to upgrade every year anymore. But it is a consideration for sure if you plan to upgrade in less that 2 years.

I did not know the phone had to remain on the line for the duration of the credits. I knew that was the case for starting a new line under a promo, but not for a trade in.

 

[danhartman26]

My understanding is that those credits end if you pay off the phone, so you would owe more to pay it off than your monthly payments minus the credits. I traded my Note 9 to Samsung for $550, plus got the $150 bonus for accessories; And financing through Samsung, I can pay it off any time with no penalty (or removed credits). I think this is the way to go; It's my first time buying directly from Samsung, but I think I'll be doing this in the future too.

I went with unlocked, and I haven't found anything that doesn't work on Verizon; Although I hear visual voicemail is an issue. I don't use it, so I can't speak on that. I did verify that WiFi calling works. And like I said, I haven't found anything else that does not work yet.

 

[ansa82]

I pre-ordered the Note 20 Ultra from Verizon. I had a Note 10+ that was fully paid for. Verizon offered me $500 trade in credit, which comes out to be about a $20 discount off my bill for 24 months.

Now I'm wondering what happens a year from now if I want to upgrade to the Note 21, and trade in my 20 Ultra. Will they still continue to give me the $20 off per month for the remaining year, plus another $20 or so off if I trade in my 20 Ultra (assuming I get the same $500 trade)?

Starting to wonder if I should just send my Note 10+ to Gazelle, and get $365 cash for it?

If I go that route, rather than send Verizon the old phone, are there any ramifications besides not getting the $20 off per month?

No if you payoff your device early you forfeit any $ left owed to you. I just went through this however I only paid off my last month on my note 9 so I lost $12.

 

[Mr Segundus]

Seems kinda shady to me. You should be able to continue to get those credits since you traded it in for that amount and you're out your device. Not sure why Verizon doesn't credit that money right away since the phone was paid off.

 

[trucksmoveamerica#AC]

Seems kinda shady to me. You should be able to continue to get those credits since you traded it in for that amount and you're out your device. Not sure why Verizon doesn't credit that money right away since the phone was paid off.

Because it's Verizon and it's their way to lock you into a contact that they advertise they don't have anymore.

 

[Misterb]

Seems kinda shady to me. You should be able to continue to get those credits since you traded it in for that amount and you're out your device. Not sure why Verizon doesn't credit that money right away since the phone was paid off.

I agree. That's awful, and it's probably buried in 5 pages of fine print you're expected to read at 2AM when doing a pre order.

Needless to say, they will not be getting my old phone. I'll keep it as backup or sell it somewhere else.

 

[RTD212]

I've learned years ago, don't buy anything from Verizon. But the phone from Samsung; better trade in and perks and no BS activation fee.

 

[Misterb]

I've learned years ago, don't buy anything from Verizon. But the phone from Samsung; better trade in and perks and no BS activation fee.

But if you ever want to add whatever remaining part owed to your monthly bill, that's easy to do with Verizon. With Samsung, you have to use their credit, which shows up as a revolving line of credit on your credit report, and that TD Bank they use is hokey. Their web site for making payments looks like it was designed in 1998, and doesn't work very well.

 

[Mike1117]

If you buy from Samsung and want to pay up front do they credit you for the trade in up front or do they give you a credit/cash back later? My company reimburses me for a new phone every other year and I want the benefit of the trade-in for me, not them.

 

[trucksmoveamerica#AC]

If you buy from Samsung and want to pay up front do they credit you for the trade in up front or do they give you a credit/cash back later? My company reimburses me for a new phone every other year and I want the benefit of the trade-in for me, not them.

They credit you up front. You have certain amount of time, think 15 days, to send in your trade. Your company will benefit from the trade in.

You would be better to sell the phone on swappa. I don't know what you have, but there was someone selling their note 10+ for $365 to some online place that buys phones. That option would be a quick sale. You probably get more on swappa, but will take longer and you have to deal with possible scams

 

[jejb]

I traded my Note 9 to Samsung for $550, plus got the $150 bonus for accessories; And financing through Samsung, I can pay it off any time with no penalty (or removed credits). I think this is the way to go; It's my first time buying directly from Samsung, but I think I'll be doing this in the future too.

That's a good deal if you're trading in a newer phone. But I wanted to keep my Note 9 as a backup, and Verizon was giving me $500 for an old S7E, so that ended up being the best way to go for me. I don't like dragging the payments out over 24 months. We're pay it off kind of folks. But really it's of no benefit financially to pay it off early since there is no interest.

 

[ansa82]

Seems kinda shady to me. You should be able to continue to get those credits since you traded it in for that amount and you're out your device. Not sure why Verizon doesn't credit that money right away since the phone was paid off.

It is shady but that's totally what they do. They don't advertise it either you've got to read the small print

 

[ansa82]

I did not know the phone had to remain on the line for the duration of the credits. I knew that was the case for starting a new line under a promo, but not for a trade in.

Yep that's the deal. I've had to keep all my phones 2 years with Verizon in order to get my trade in credits. I forfeited $12 getting this note 20 ultra since I upgraded 1 month early