Verzion and/or Samsung really did not think through their trade in promotion for the new Galaxy Note 8, or maybe they did and that would make it worse. At this time after the calamitous Note 7 fires all of us using the Galaxy 7 Edge owe a balance of $462 to payoff our phone in order to upgrade back to the Galaxy Note platform we all loved. And Verizon is offering a $480 trade in value for that phone when you upgrade. Seems innocent enough and fair. However, you need to pay off your phone today and will be out $462 today while that $480 trade in value will take you 24 months to get back at $20 a month and only if you don't upgrade again before that 2 years is up. On top of that you won't even get the immediate value of $175 applied that their own regular trade in program offers. You don't get back on par with their regular trade in program for 9 months. While I think given the Note 7 disaster the $480 should be a first bill credit, you'd think a middle ground would at least be a credit for $187.70 on the first bill and then a bill credit for the remaining $292.30 for 23 months ($12.70/month).
I was excited and ready to put my pre-order in for the Note 8, but now that I saw the shell game Verizon and Samsun played on us. I'm out.