Wait. What? Verizon EDGE surprise

[torifile]

If you were not due for upgrade then they ask that you give them your smartphone in return for moving your upgrade date up and putting you into the EDGE program.

Have you been reading this thread? That did not happen to me. I got the One without needing to trade in my phone and I was most certainly not due for an upgrade. Nor were any of the other lines on my plan. It's possible that the rep screwed up (which was the reason for my post in the first place.) but it's not always the case that you must trade in your phone.

 

[erwaso]

Have you been reading this thread? That did not happen to me. I got the One without needing to trade in my phone and I was most certainly not due for an upgrade. Nor were any of the other lines on my plan. It's possible that the rep screwed up (which was the reason for my post in the first place.) but it's not always the case that you must trade in your phone.

This is gonna go on for pages lol

 

[torifile]

Just to bring this thing to a close, I got my bill for the month. My $25 credit is on there. So, I'm paying nothing for the phone on a monthly basis.

And, drum roll please!, there was no charge for not turning in my iPhone. Sweet.

Yes, deal of the century.

 

[ejcrossl]

Just to bring this thing to a close, I got my bill for the month. My $25 credit is on there. So, I'm paying nothing for the phone on a monthly basis.

And, drum roll please!, there was no charge for not turning in my iPhone. Sweet.

Yes, deal of the century.

Until they get you enrolled in Edge, they change the program (oh my, I can't believe it, they already did in June), and then they don't offer the subsidized phone program and you are stuck in a perpetual loop of financing phones at full price.
Verizon has a plan to screw you over.

 

[Rhyalus]

Well, now that this thread has been zapped with a defibrillator....

Once you pay of a phone on Edge, you do NOT need to go on. You can sign up for 2 years and get a subsidized phone, you can Edge again or you can buy a phone anywhere else and activate it.

I did not read the whole thread.

You only need to turn in a phone for Edge if a) you are coming from a 2 year plan and have not completed the cycle or b) you are coming from Edge and have not completely paid off the phone.

The other comments I saw are correct - at 6 GB you get a $10 credit and at 10 GB you get $25 per month credit.

R

 

[oditius]

I'm on AT&T, I do like the 4 lines for $160 with Unlimited text, talk and 10GB data. (Of course I only have 3 lines, so my charge is about $140, and 2 of them are dumbphones so I get to burn the whole 10GB by myself. LoL) But I bought my One used, so I get the $25 per line discount. My contract ends in November, but not worried, because I am not buying any discounted phone (Which would end the $25 per line discount)

 

[Ray Segars]

$600+tax, U WOT M8 thts to much, you should get obama care so you can get child insurance and buy a REAL PHONE. The new iphone is only 875+ tax and if you dont have it u might as well start cutting. Sell your family into slavery if you have to, i know i already did M8

 

[oditius]

$600+tax, U WOT M8 thts to much, you should get obama care so you can get child insurance and buy a REAL PHONE. The new iphone is only 875+ tax and if you dont have it u might as well start cutting. Sell your family into slavery if you have to, i know i already did M8

Not sure where you are going, but saying you should get a "real" phone is leading to a one vs another type discussion, which is not allowed here. And besides I wouldn't consider the icrap a real phone. Even a Windows Phone looks better. And android blows it out of the water. Had the icrap, almost fell asleep using it. LoL

Sent from my HTC One_M8 using Tapatalk

 

[BRnPA]

I'm new to this forum, primarily because I'm a hold-out in the smart phone arena, still using my Moto Razr (no kidding) from 2008. Still works awesome and only costs me about $22 a month. But, I'm seriously thinking about migrating over to an Android phone and have been picking the brains of the Verizon reps. The way I understand EDGE is that you pay full price for the phone, they discount the line fee while you're paying off the phone, and if you're on the 10 GB plan, the discount is $25.00 per month. Not a bad deal. But here's what I found out that they don't divulge unless you ask: The EDGE program is for 20 months, which means that you get the discount until the end of month 20. From month 21 to 24, you are no longer on the EDGE program and you will not get the discount unless you buy another new phone and become part of the EDGE nation again. Basically, you need to buy a phone every 20 months (or sooner) to bet the line discount. If you calculate the cost difference between the EDGE program at 20 months with the discount + 4 months without the discount versus a 24 month contract, the cost savings is a wash. Those extra 4 months paying full price brings you almost up to what a contract would have been. The bottom line is that Verizon is going to get your money no matter what and try to make it seem like you're getting a deal. All that being said, and since I'm new here, looking through all the plans, what method have you found to get the most from your money regarding smart phones? Are we stuck with Verizon, AT&T, T-Mobile and Sprint for decent (debatable) service versus a pay-as-you-go carrier like Boost, Virgin, Metro PCS, etc...? What can I do to get the benefits of a smart phone without having to bend over every month? Thanks.

 

[floridahater]

I have an older droid RAZR M with the 2gb plan for the new single line price of 73 and change. My contact isn't up until next June. Might Edge be good for me?

Posted via the Android Central App

 

[oditius]

I have AT&T, but the next plan is similar. I get the discount and I haven't bought a new phone from AT&T in almost 2 years. I just buy used ones off eBay or swappa.com. If I get a discounted phone when my contact expires next month, I will lose the discount. But as long as I pay cash I get to keep the discount. I thought that Verizon works the same way? Surprised it doesn't, or maybe that tech or csr just doesn't know what he is talking about.

Sent from my Samsung S5 Active (SM-G870A) using Tapatalk via AT&T

 

[shizumie]

Ok, so hear is my question. The edge program apeals to me. So weather you think it is a good deal or not, is a moot subject. My question is this. My main line is off contract and has been for a few years, and i have unlimited data on it, (the reason i will not uprade) However i also have 4 more lines that share 10gb of data.
So my question is this, could i use one of the 4 lines (not my main line) to get a new phone with edge. And then when i get home swap the sim cards and put my phone on the other line, and the new phone on my line. So it would be on the same account, i would still pay the edge price, and in a year or so if i wanted to upgrade i would put that phone back on the edge line, and then edge up.
Or will they freak out if the line is not on the actual line it is attached to?
In the past i have alway's done this, used the upgrade of another line, and then swapped it to my line. I have done this without ever having the slightest bit of troubles. Just not sure about on edge.

Thank you

 

[JohnKobeck]

No I already asked this, The phone line that is on the Edge plan can NOT be swapped with another line even on the same account. Most likely they don't want people selling phones privately while on Edge which makes sense.

 

[Blake Cunningham]

Ok here goes....purchased samsung Galaxy s4 in January 2014 through Verizon on a 2 year contract. Phone recently cracked and does not work. I activated an old droid razr which is getting me by must won't make it another year. I can send ,y phone to Samsung to fix for $180. Or I can do early edge and get a new phone for free. Here is my plan...sign up for early edge and get a new Galaxy S4 with is $21 a month and receive a $25 a month credit since I have 10gb of data. I will turn in the droid razr since I am still under contract, then send my old phone to get repaired and sell online for a $100 profit or so. This sounds a too good to be true, will this work? Also, what happens to the $25 discount when the 24 months ends. Does the discount continue? Your thoughts are appreciated, thanks.

 

[JackHib]

I learned about Verizon Edge today. The wife wanted to upgrade to the samsung note 4 and the price for the device with a 2 year contract was $299.99 I looked at the edge plan and saw that I could get it for a monthly cost of $29.16 A month, After 24 months I would have paid $699.84 I asked the verizon sales lady if she thought I was stupid cause I would be paying full price for the phone. She said no you do not understand the plan when you go on the edge plan and you have 10 gig or more of data you get a 25 dollar credit for every line you have on edge. She said that $29.16 minus $25.00 was 4.16 a month times 24 months the total cost for the phone would be $99.84 spread out over 2 years. I can walk out the door with a new 700 dollar phone for only $4.16 added to my bill a month. I can live with that!! And to top that off she discovered a new data rate for my 10 gig a month which I was paying $90 a month for and put me on the new payment rate of $80 a month for the plan so I can upgrade both phones and save almost 2 bucks a month. Usually with cell carriers every time you make a change you pay more in this case I will end up with$1,400 in new phone and pay a little less than i was paying!

 

[helloimme]

Interesting. Here's my version of the scenario.

A couple of weeks ago I bought the Samsung Galaxy Note Edge on Verizon as an upgrade. It totaled just about $500 with the upgrade fee ($30) and taxes. The phone was defective, and ultimately it was returned. There's quite a story with that, involving several stores and speaking with the Executive Office, but that's not the point of this post so let's just say I returned the defective device and was returned to my pre-upgrade status of being eligible for an upgrade.

I went into a Verizon Wireless store two days ago, ready to purchase the Note Edge again as an upgrade. That would come to $500. My current service plan is about $100/mo for 4GB/mo of data. Over the course of two years, this would total $2900 (500 + 2400).

The sales rep then tried to sell me on the Edge plan. He was successful so far, as it was literally past closing time so I didn't have a lot of time to research this, but I did get the manager's assurance that if I rather go the upgrade route, I can do so without any fees within 14 days. The Edge plan...

1) It would increase my monthly fee by about $10 while increasing my data allowance to 10GB.
a) My new monthly fee would be $110.xx
b) My monthly data would increase to 10GB/mo
c) I would be charged $33.33/mo for the phone ($800 after 24 payments). I don't know where the TAX on this comes in, or if it's already built in to the 33.33/mo (ie, if the $800 retail price was including tax).
d) I would get $25/mo credit (which he says continues after the 24 months if I stay with this phone).

2) The net cost for the phone would be $33.33 minus $25 credit per month = $8.33/mo ($199.92 over 24 months).
a) That's much less than the $500 it cost me to buy it as an upgrade a couple of weeks ago.

3) Over the course of two years, the total would be $2640 (800 for the phone + 2640 for service)
a) That's much less than going the upgrade route, which came to 2900 (see above).

Assuming I keep this phone for 24 months or more, the phone would be mine and I would not have to trade it in to do another upgrade. If I wanted to upgrade then, I would start right over with the unsubsidized price of the new phone split into 24 monthly payments, and this current phone I just bought remains mine.



I kept wondering what the catch was, believing that no merchant or corporation would offer something for nothing. But in my scenario, I can't find a catch. It seems to be a better deal to go with the Edge plan, IF I keep this device for two years.

Where there might be a disadvantage is if I upgraded early. If I trade in the current phone after 18 months (after 75% of the retail price is paid off), I would lose the equity built in the phone, as I would have to trade in the phone and wouldn't be able to sell it on my own.
a) This reminds me of rental cars' pre-purchased gas option. If you pre-pay for a full tank of gas, you can bring the car back at any gas level. If you bring the car back nearly completely empty, you may come out ahead if the pre-pay cost for the gas was lower than what you could get on your own. In this case, you win. If you bring the car back relatively full, you do NOT get a prorated refund from the cost you pre-paid. In this case, you lose if the pre-paid total cost was more than it would have cost for you to top off the tank.



I signed up for the Edge plan, then went home and began pouring over the web to find articles or posts to help me figure out which move was correct...to just upgrade, or to join the Edge plan.

A lot of articles that talked about it being a WORSE deal for customers mentioned that the normal monthly service fee already has a phone subsidy fee built in. In other words, if the monthly service charge were $60, maybe up to $20 of that was charged to pay back the subsidy that may have been provided to the customer when the phone was purchased, while the remaining $40 is the true cost of the service. These articles argued that your monthly service charge already INCLUDES a charge for the phone (ie, the recoup for the subsidy on the phone purchase), and then the Edge plan charges you an ADDITIONAL cost of the phone split into 24 months, so you are paying for the phone TWICE. But the flaw in that argument is that whether you upgrade, or do the Edge plan, your monthly service charges are THE SAME anyway (which is actually LESS with the Edge plan if you factor in the monthly credit of $25, as it is in my case).

When you go the upgrade route, you pay the subsidized price (instead of retail price) of the phone, plus an upgrade fee. In my scenario above, going the upgrade route cost more after 24 months than the Edge plan route.

If there is something I'm missing that makes my assessment invalid or in error, please let me know. I can still switch back to the upgrade route within 14 days. I purchased this device on Fri; it's now Sun.