NEW EDGE PROGRAM

[COOPTDM]

The new Edge program that came out today are not at all pleasing.

#1  payment options are not split back to 24 payments vice 20 payments as before. VW has been back and forth between 20 and 24 months since Edge came out

#2 you have to pay 75% of your phone off before you can edge up.  If I am going to pay 75% of the phone off, then give back to VW is a understatement.  Another part of Edge that has been back and forth since inception.  First started of paying of 50% of phone before edge, up, then 60%, now 75%, just to turn around and give your phone back....under these conditions, I want be edging up.

#3 Way too many changes to Edge...

[Core2]

I am waiting for the X-mas special that you can pay for the phone over 30 months and have to pay it off 98% to trade up.

[ynggrsshppr91]

Guess what? Everyone else changes their payment plan offers too! Maybe you should switch to them and see how you like paying finance fees too

[abdiziriel]

Actually I guess Verizon is trying to get rid of the Edge program. I mean. Only a person with short brain would enroll on this plan. Come on, 75% of you phone paid. In months that would be 18 months and give back the phone that you paid about $500 or more and get another phone that you will have to pay month to month. I rather wait 2 years (6 more months than edge) and upgrade and keep the phone I already have.

I am sorry for the people that falls into this. I would not call it a scam because it's all clear, but is all a steal of money.

[lewisr13]

abdiziriel wrote:

I am sorry for the people that falls into this. I would not call it a scam because it's all clear, but is all a steal of money.

Unless you're on the 10gb(maybe 8gb now) more everything plan and you get a $25 discount. If you get a discounted phone, you do not get the $25 discount. So essentially it's nearly a free phone every 2 years. Or after the 1st 2yrs you can keep your phone and get the month to month $25 credit.

[sprmankalel]

Exactly. I am on a plan higher than 10GB. I get a $25 discount monthly. My phone is $30/month. So I could pay $230 (including upgrade fee) and keep the phone for 2 years or pay $90 (18 x $5 extra per month). Or I could keep the phone for 24 months and pay $120. I still make out better. There is no need for me to get a new phone every year so I would rather pay the $120 over 2 years than $230 up front.

[#7]

What's weird is before Edge people complained they had to wait 24 months to upgrade not the 20 months they were used to before and here Edge gives you a chance to upgrade after 18 months which is 2 months earlier than the old 2 year contracts and somehow it's a bad deal? If Edge never existed and Verizon had allowed 2 year contracts to upgrade after 18 months these same people would be thinking that's the greatest thing in the world.

And for the record at&t's 24 month Next program has the same 18 month waiting period.

[sprmankalel]

People are mad because they have to pay for it. They want to get a phone for $200 but don't want to sign a 2 year agreement. If this is the case they should write to Apple and Samsung and tell them to lower the price of the device.

Here's what...when you don't want to pay full price for your device and you want VZW to subsidize it then you must sign the 2 year service agreement with VZW. If you don't want to sign a 2 year service agreement then you pay full price. It's the way it's always been except in the past you had to plunk down the full sell price of the device at once. At least now it is able to be spread out.

Oh. If you take care of your devices they will have a life cycle longer than the 2 years. I have an LG G3. It has a quad core processor. What does one need with so much power in a mobile phone for? I don't do anything that needs that much processing speed. I'm also getting a second battery from LG for free (LG had a promotion that I registered for) plus there are always ways to secure a new battery. In my previous post I outlined the financial benefit of Edge for me. After I finish the Edge agreement there is no need to for to upgrade unless my phone is shot. Time will only tell but I generally treat my device very carefully.

[#9]

I agree people want their $200 iPhone be able to put them on Edge so they can pay that off over 2 years get the $25 Edge discount and upgrade it every year without having to trade in the old phone. And if they are not allowed to do this they are being taken advantage of. Subsidies have done nothing but convince people that phones only cost $200. Somehow T-Mobile has been able to get away charging full price and no one bats an eye and if Verizon fully got rid of subsidies no doubt the townsfolk would come marching down the street with pitchforks and torches.

[Tidbits]

Actually everyone pays full price for the phone. Verizon admitted the fact their plan pricing has the subsidy bundled into it. Those off contract are actually paying for devices they don't own.

All T-Mobile did was be more transparent about it and unbundled the subsidy. By doing this they don't lose initial overhead.

[#11]

Yes I understand that. I'm referring to the typical 2 year contract person that likes to come here and complain a lot. These are the same people that thinking paying a $30 upgrade fee thus making their $650 iPhone $230 is being ripped off.

[Tidbits]

Ironically that $30 is how much I pay in tax for a $600 phone... Maybe Verizon makes people pay some of the tax upfront.

[#13]

Sales tax on a $600 phone in my area would be $58.50

[Tidbits]

Terrible $30 or full retail tax Verizon should tell people lol instead

[#15]

yeah we also have to pay 7.75% sales tax on groceries. Any way with most phones even the $15 Edge discount saves or at least is the same as getting a 2 year contract. And if it's the same why not just get on Edge and have the ability to upgrade in 18 months instead of 24? Also if I was going to have to pay $252 on a $600 phone with a 2 year contract, why not take that $252 and put it on the down payment on an Edge plan? That would lower the Edge payment from $24.99 to $16.92 and I'd also reach the 75% in 15 months. The old edge plan the $10 discount was not advantageous with it being $15 it is.

Also what people don't get is upgrading after 12 months at 60% with a $10 discount is at best about $80 cheaper than upgrading at 12 months paying 75% and getting a $15 monthly discount. And that's if you're getting the most expensive iPhone which is $950

Below $450 the 12 mo / 75% / $15 discount is cheaper

Between $450-$650 12 mo / 60% /$10 discount is cheaper by at most $35. After 13 months it's about the same after 14 months or longer 75% / $15 discount is cheaper. So for the vast majority of people on 8 GB plans or lower the new Edge plans are in fact cheaper than the old ones. People on 10 GB or higher, yes upgrading before 15 months is more expensive, 15 months it's the same after 15 months it's cheaper.

[vzw_customer_support]

Tidbits, we want to be upfront about this. Click http://www.verizonwireless.com/support/faqs/Equipment/vz-edge.html for all the details regarding how you are billed for the Edge agreement for your device.

LasinaH_VZW
Follow us on Twitter @VZWSupport

[Shane3118]

  you can save a good amount of money via the Edge plan.

<< Comments edited to comply with Verizon Wireless Terms of Service >>

[B33]

HEy Tidbits.  if I get a Turbo I'll probably just do as have before I'll  S.B. it..

[abdiziriel]

I understand that you can save money on the phone in the long run. But, I am not a heavy user data. To get a $25 discount I would have to get the 10gb data plan. Then pay $30 for 24 months for the phone. Even when you get $25 discount every month, you are already adding on a data plan that I would not use. I don't even use 3gb a month and I have 3 lines. I would be paying more monthly and the phone will have to trade it in when I want to upgrade, If I stay on contract I pay de $230 but keep my old phone. Or even sell it and pay part of the cost of the new one.

My statement was that, the first terms Verizon put on the Edge program, able to upgrade at 50%, or even at 60% was reasonable. Now I don't see it that way.

[#20]

abdiziriel wrote:

I understand that you can save money on the phone in the long run. But, I am not a heavy user data. To get a $25 discount I would have to get the 10gb data plan. Then pay $30 for 24 months for the phone. Even when you get $25 discount every month, you are already adding on a data plan that I would not use. I don't even use 3gb a month and I have 3 lines. I would be paying more monthly and the phone will have to trade it in when I want to upgrade, If I stay on contract I pay de $230 but keep my old phone. Or even sell it and pay part of the cost of the new one.

My statement was that, the first terms Verizon put on the Edge program, able to upgrade at 50%, or even at 60% was reasonable. Now I don't see it that way.

You do realize you can get a $15 discount for any data plan under 10 GB. My math says for most it's cheaper. You're complaining about not beging to upgrade for 18 months on Edge yet you are willing to stay on a 2 year contract where you have to wait 24 months. That makes no sense. 18 months is MUCH sooner than 24. Also Verizon didn't have to let you upgrade early on Edge AT ALL. T-Mobile doesn't and at&t plans are the same as Verizon's.

$30 for 24 months? Which phone is $720?

Once again fun with math - Old Edge 60%/ 20 months/ $10 discount vs new Edge 75%/ 24 months /$15 on a  $600 phone on your 3 GB plan

wanting to upgrade after 12 months

old edge 12 X $30( monthly edge payment )=$360 - $120( 12 X $10 edge discount )total paid $240

new edge 12 X $25( monthly edge payment )=$300 plus $150 to reach 75%=$450 - $180( 12 X $15 edge discount )total paid $270

So yes you are paying a whopping $30 more on the newer plan if you wanted to upgrade at 12 months

Upgrade after 13 months

old edge 13 X $30( monthly edge payment )=$390 - $130( 13 X $10 edge discount )total paid $260

new edge 13 X $25( monthly edge payment )=$325 plus $120 to reach 75%=$450 - $195( 13 X $15 edge discount )total paid $255

New Edge $5 cheaper

Upgrade after 14 months

old edge 14 X $30( monthly edge payment )=$420 - $140( 14 X $10 edge discount )total paid $280

new edge 14 X $25( monthly edge payment )=$350 plus $100 to reach 75%=$450 - $210( 14 X $15 edge discount )total paid $240

New Edge $40 cheaper. And the savings get larger each month

[abdiziriel]

I understand your point and I know the maths. but you say there's not too much difference between upgrading in 18 months or 24 month. There is a difference, and the difference is that at 18 months you have to turn in your device to get a new one. at 24 month on contract you keep your device. So, still better Edge?

Again, I understand that it may be cheaper in terms of cost, but why not wait 6 more month for the 24 month contract and be able to keep the phone instead of upgrading at 18 month and give Verizon the equipment you paid for 18 months?