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Verizon Edge Upgrade Program Goes Live August 25

Article Comments  31  

Jul 18, 2013, 9:26 AM   by Eric M. Zeman   @phonescooper

Verizon Wireless today announced Edge, its response to T-Mobile's Jump! and AT&T Next. The program lets customers finance handsets over time, as well as upgrade to new handsets as often as once every six months. According to Verizon, Edge spreads the retail cost of a cell phone, smartphone, or tablet over a 24-month period. Customers pick a phone and need to sign up for a month-to-month service plan. The retail cost of the phone is divided by 24 and customers must pay the first installment at the time of purchase. Customers who want to upgrade to new hardware need to wait at least six months and need to pay off half the retail cost of the phone before upgrading to a new one. After the device is half paid, they can turn it in, choose a new device, and start all over again. For example, if a customer wants a Samsung Galaxy S4, they'll need to make a downpayment of $27 dollars ($649 divided by 24) and then add $27 to their monthly service plan. After six months, they'll have made $162 in payments. They'll need to pay an additional $162 to cover half the GS4's full retail price, and can then pick a new phone. According to Verizon, the new Edge program does not require a service contract, finance charges, or upgrade fees. Verizon Edge will be available to customers on Share Everything plans starting August 25th.

more info at Verizon Wireless »

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Comments

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This forum is closed.

mrcrout

Jul 18, 2013, 11:30 AM

Thanks Verizon

I was beating my brain on how I was going to get the Note 3 without a rebate available as I could not justify dropping the full price at once. This solves my issue Very Happy
Thanks for what you have to be on a share everything commie plan.
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yourvoiceofreason

Jul 18, 2013, 11:40 AM

Without lowering the plan price, you are being double charged for the handset. ..

Some are not understanding that the price plan has built into it the cost that allows vz (or att) to subsidize the handset costs..But if the phone isnt being subsidized, the plan should be cheaper (just like tmo's value plans are cheaper than its classic plans). So customers who take advantage of this program are really being double charged for the handsets, since the price plan cost remains the same.
The cell carriers don't want to be in the phone subsidy business. They would much rather the customer bring their phone or pay full cost for one so that they don't have to use the revenue from the plans to recoup the money from the phone subsidy. If ...
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Do you really think there in business to lose money?
The phone subsidy is based on you having the contract for 24 months. They have to be able to resell the phone after 6 months, they cant sell it for full price, so they have to cut their losses some...
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And....that other 1/4 of the retail price of the phone is essentially your "upgrade" fee for being able to get a new phone at the 6 month mark. Not exactly better than AT&T's plan. I agree, the service plan should decrease in price with this program.
I think a little bit too much is made of Edge. The only people that probably will use this program is phone addicts. whith that being said an addict will never pay the full payment for ONE phone using this program. they will trade it in at some point....
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ChrisSmith2002

Jul 19, 2013, 8:06 PM

What happens to current contract people?

If I am in a contract, would I have to cancel the contract and pay my ETF if I don't want to wait another 1 1/2 to get on the EDGE program?

Thanks
More than likely but why would you ever want to pay double for a phone anyways?
KOL4420

Jul 18, 2013, 10:49 AM

Impressive

I like the sound of this program over ATT's offer.
At&t's program isn't even an offer. It's a backwards-upgrade program that gives the customers nothing and makes them more money. This is a true response to the Jump program, which is still better than these two programs.
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Lol. The best response to any program buy a phone else where or wait until you qualify for a discount on another phone. Smile
LibtardExposer

Jul 19, 2013, 3:35 PM

Give me a break! Share everything customers......

Ok this is completely bs way to reward your long term customers once again (Not!!) Verizon needs to get off it's high horse and treat the customers who helped them achieve their status their due "Respect"... This whole share everything sounds like a bunch of crap at every avenue or road! Way to go big nazi brother Share everything or lose out sounds like nazish to me.....
johnhr2

Jul 18, 2013, 1:00 PM

Really? No one noticed?

Verizon's Edge is similar to AT&T's Next plan except for two things.

1) Instead of your monthly installments being spread over 20 months, Verizon's Edge requires they are spread over 24.

2) Verizon allows you to upgrade every six months, instead of a year but you still have to pay for half of the phone and RETURN IT back to Verizon.
Exactly. Verizon's program essentially has an "upgrade" fee, because at the 6 month mark you will have only paid for 1/4 of the device. So, if you don't want to shell out the additional 1/4 of the price, you will be able to upgrade around the same tim...
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Renaldo

Jul 19, 2013, 9:03 AM

Dont forget about trade in your old device

Trading your older device will help the cost even more, I am a firm believer in keeping my device secure in an Otterbox or another great case. so when its time to sell it, I can fetch and demand a higher price.
ATTDRONEV2.5

Jul 18, 2013, 4:58 PM

Interesting Naming convention we have here

Verizon Drags you to to Edge.

T-Mobile Pokes at you and Yells "Jump!"

ATT says,"Next!"

Laughing
 
 
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