12-15-2016 08:42 PM
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  1. dpham00's Avatar
    Verizon will sell the S7, Pixel and Z Droid for $10/mo. The price difference between full retail and $10/mo will be given back as a bill credit over 24 months. Bill credits will end when you payoff the device .
    11-12-2016 12:55 AM
  2. Mooncatt's Avatar
    Have a link? I'm curious about the fine print, because with the $300 trade in credit, the credits don't stop if the device is paid off early. As long as the trade in was approved and the line remains active, they give the $12.50/mo credit for 2 years.
    11-12-2016 07:32 AM
  3. dpham00's Avatar
    Have a link? I'm curious about the fine print, because with the $300 trade in credit, the credits don't stop if the device is paid off early. As long as the trade in was approved and the line remains active, they give the $12.50/mo credit for 2 years.
    this is what it says :

    Up to $672 device payment purchase required less up to $432 bill credit applied to the account over 24 months . Credit begins w/in 2-3 cycles and ends when balance paid . 0% apr. Line must be active for 24 months to get full credit.
    11-12-2016 09:21 AM
  4. Mooncatt's Avatar
    I guess "balance" needs to be defined. The balance of the credits (As eluded to with the 2 year line activation for full credit), or balance of the device payment credit. If I had to guess, I'm going with the former and that you could pay off early but keep getting credits for the full 2 years if it's still active.
    11-12-2016 10:01 AM
  5. pbike908's Avatar
    I guess I will have to wait until the promo is announced to see how it works. I am confused -- is Verizon is offering a $10 credit per month or is the payment for the phone only $10 per month? I find the latter hard to believe, unless it requires some sort of initial down payment.
    11-12-2016 02:55 PM
  6. dpham00's Avatar
    I guess I will have to wait until the promo is announced to see how it works. I am confused -- is Verizon is offering a $10 credit per month or is the payment for the phone only $10 per month? I find the latter hard to believe, unless it requires some sort of initial down payment.
    It's $10/mo payment, or $240 over 24 months. $240+$432=$672 which is full retail on the s7.
    11-12-2016 07:49 PM
  7. Ry's Avatar
    The new two-year contract.
    tribbleorlfl and Almeuit like this.
    11-12-2016 07:51 PM
  8. Mooncatt's Avatar
    The new two-year contract.
    Except when the phone is paid off, your bill goes down.
    11-12-2016 08:30 PM
  9. rage151's Avatar
    So, if the credit ends when the balance is paid, the phone can't be paid off early @ $240? A customer will only see the full $432 credit if they keep the phone for two years.
    11-12-2016 08:45 PM
  10. Jaycemiskel's Avatar
    Except when the phone is paid off, your bill goes down.
    Yeah but you'll likely lose the credits is my guess. I don't think they're gonna let you get a phone for 240 and pay it off just like that
    11-12-2016 08:51 PM
  11. Mooncatt's Avatar
    Yeah but you'll likely lose the credits is my guess. I don't think they're gonna let you get a phone for 240 and pay it off just like that
    Of course you'll lose the promotional credit, but you'll also no longer have a DPP period. Remember, you'll still have that $10/mo charge during that time.

    In the end it's mathematically no different than if they gave you the entire credit as one or two lump sums in your next bills while still charging the full DPP rate those two years.
    11-12-2016 09:55 PM
  12. 11B1P's Avatar
    11-12-2016 10:09 PM
  13. Jaycemiskel's Avatar
    DPP?
    Device payment plan.
    Of course you'll lose the promotional credit, but you'll also no longer have a DPP period. Remember, you'll still have that $10/mo charge during that time.

    In the end it's mathematically no different than if they gave you the entire credit as one or two lump sums in your next bills while still charging the full DPP rate those two years.
    True but you're essentially losing out on a couple of hundred. I see your point though.
    11B1P likes this.
    11-12-2016 10:25 PM
  14. dpham00's Avatar
    The new two-year contract.
    Device payment plan is officially called an installment contract and for Verizon lasts two years.
    11-12-2016 11:10 PM
  15. Mooncatt's Avatar
    Device payment plan.

    True but you're essentially losing out on a couple of hundred. I see your point though.
    Not sure I follow you. Where are you losing out on a couple hundred?
    11-12-2016 11:15 PM
  16. dpham00's Avatar
    Of course you'll lose the promotional credit, but you'll also no longer have a DPP period. Remember, you'll still have that $10/mo charge during that time.

    In the end it's mathematically no different than if they gave you the entire credit as one or two lump sums in your next bills while still charging the full DPP rate those two years.
    The point is that they are locking you in for two years. You can leave early but the loss of the bill credit is the deterrent instead of the etf for the service contract. It's really a genius move.
    tribbleorlfl likes this.
    11-12-2016 11:16 PM
  17. Jaycemiskel's Avatar
    Not sure I follow you. Where are you losing out on a couple hundred?
    The promotional credit is 432 over 2 years. Quit early and you lose out on that. That's a couple of hundred.

    So that would mean no upgrading that line either.
    11-12-2016 11:27 PM
  18. dpham00's Avatar
    Yeah but you'll likely lose the credits is my guess. I don't think they're gonna let you get a phone for 240 and pay it off just like that
    I got a few moto z play back in September for $408-$200 coupon - $300 trade in value for cracked screen g4 which i got cheap. Although that promotion is over. I paid those off as soon as the phone shipped. The terms at the time was different though. That only required me to keep service for three months, though it is on a line I use so it isn't an issue. I already received all the trade in credits from those phones.

    Last year black Friday they had 200 off smartphones plus 300 tiv, no term commitment when the deal started, but a three month commitment was added in the middle of the deal. This year they got even wiser and made it 24 month
    11-12-2016 11:34 PM
  19. Jaycemiskel's Avatar
    I got a few moto z play back in September for $408-$200 coupon - $300 trade in value for cracked screen g4 which i got cheap. Although that promotion is over. I paid those off as soon as the phone shipped. The terms at the time was different though. That only required me to keep service for three months, though it is on a line I use so it isn't an issue. I already received all the trade in credits from those phones.
    Yeah, I meant with the new terms. I've done similar things in the past. Guess Verizon is tired of us getting over lol.
    11-12-2016 11:38 PM
  20. Mooncatt's Avatar
    The promotional credit is 432 over 2 years. Quit early and you lose out on that. That's a couple of hundred.

    So that would mean no upgrading that line either.
    I see. I have no plans of leaving them, so it doesn't bother me much to get the monthly credit like this.
    11-13-2016 05:17 AM
  21. 11B1P's Avatar
    It's $10/mo payment, or $240 over 24 months. $240+$432=$672 which is full retail on the s7.
    Ok, I'm lost, sorry. I've been looking at buying an S7 for $425 outright. I'm not on contract. If I wait til Black Friday and go to Vzw and upgrade my line to the S7 for $10/mn for 24 mnths, that's $240. What is this other $432?

    I'm not planning on leaving Vzw, so does that factor into whether or not I buy an S7 outright or go thru Vzw for the $10/mn deal?
    11-13-2016 08:14 AM
  22. dpham00's Avatar
    Ok, I'm lost, sorry. I've been looking at buying an S7 for $425 outright. I'm not on contract. If I wait til Black Friday and go to Vzw and upgrade my line to the S7 for $10/mn for 24 mnths, that's $240. What is this other $432?

    I'm not planning on leaving Vzw, so does that factor into whether or not I buy an S7 outright or go thru Vzw for the $10/mn deal?
    You pay the full$28/mo or whatever and anything over$10/mo is credited back to you each month. So long as you stay with Verizon and do not pay off the phone early then you will get the phone for$240 after two years. If you pay it off early, any remaining credit is forfeited.
    11B1P likes this.
    11-13-2016 08:48 AM
  23. Mooncatt's Avatar
    If you pay it off early, any remaining credit is forfeited.
    This is the one part I'm questioning. I guess I'll have a better idea soon when I pay off my V20 which has the current $300 trade in offer. The Verizon rep I spoke to said once my trade in was inspected and approved to get the $300 trade in credit ($12.5/mo for 24 months), I could then pay off the phone but keep getting the credits if the line was still active the rest of the time. It was only forfeited if the line itself was cancelled.
    11-13-2016 09:24 AM
  24. Jaycemiskel's Avatar
    This is the one part I'm questioning. I guess I'll have a better idea soon when I pay off my V20 which has the current $300 trade in offer. The Verizon rep I spoke to said once my trade in was inspected and approved to get the $300 trade in credit ($12.5/mo for 24 months), I could then pay off the phone but keep getting the credits if the line was still active the rest of the time. It was only forfeited if the line itself was cancelled.
    This is different terms than the trade in from what I can tell. That's why I said you could lose out. I don't plan on leaving Verizon either, but there's no way I'll keep the same phone for 2 years. I barely make it 1 year lol. The only way you can upgrade to another device on DPP is if you've paid off your previous phone so I'd lose out in like 4 months.
    11-13-2016 09:32 AM
  25. 420lyfe's Avatar
    Anyone here wana maybe post a Link to this find? Or should we just go to Verizon website and find it ourselves...
    11-13-2016 10:07 AM
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