AT&T's Newest Next Plan Asks for 30% Downpayment
Jun 1, 2015, 11:31 AM by Eric M. Zeman
AT&T recently launched a new AT&T Next equipment installment plan that requires a 30% downpayment on the device at the time of purchase. After the downpayment, subscribers to this plan can finance the remainder of the device over 28 months; however, they will be eligible to upgrade after making just 12 payments. "We are introducing AT&T Next 12 with Down Payment, so even more customers will now be able to receive the benefits of AT&T Next, which offers great value when combined with a Mobile Share Value plan," said AT&T. Many of today's handsets cost between $500 and $650, which means the average 30% downpayment will range from $150 to $200. None of AT&T's other Next plans require a downpayment, but they do require good credit. It is likely this new option is being offered to those who might not have strong enough credit to qualify for a normal AT&T Next plan.
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Comments
Ok who's jumping on next??
Let's look at a typical two year contract. First and foremost, when you buy (as an example) the typical phone for 99¢, do you really think that it cost only a dollar to make? That is where the two year con...
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Convoluted 2+Year Contract
Or if you are like me, you get to upgrade twice per year without cost.
as noted it is for people withwithout the best credit and tmobile has down payments with non qualified credit.
It's literally what tmobile does and yet it's bad when at&t does it?
Hypocris...
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This, combined with the recent changes to Verizon's Edge program really seem to amount to a kind of backdoor contract.
