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Verizon Announces Annual iPhone Upgrade Plan of Its Own

Sep 24, 2015, 6:27 PM by Eric M. Zeman

Verizon Wireless today announced a new plan for potential iPhone 6s and 6s Plus customers that will allow them to upgrade every year without incurring penalties or extra fees. With Verizon's new plan, customers may pick up an iPhone 6s or 6s Plus beginning Sept. 25 and make regularly monthly payments. After 12 months, such customers can turn the iPhone in and get a new iPhone while maintaining similar payments. Alternately, customers can make 24 monthly payments and own the device at the end of the 24th month. Verizon claims its deal is better than those of its competitors because customers have the potential to own the phone if they wish, rather than be forced to turn it in. Monthly payments for the 16GB iPhone 6s start at $27 per month and payments for the 16GB iPhone 6s Plus start at $31.50 per month. Last, Verizon is offering new customers $100 to switch, and new and existing customers up to $300 to trade in their old phone.

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undergroundgilligan

Sep 25, 2015, 12:27 PM

Sure, why not

I actually bit the bullet and did an edge on the 6s. I currently have a 6 and my contract was going to run out in Feb. I planned on staying no contract until the 7 arrive and buy one at full retail. Basically with the monthly credit with Verizon edge i end up paying $2.08 a month for an iphone 6s and get to trade it in every year. I can't complain too hard...$24.96 a year and I get a new phone.

Done deal.

erikpkp

Sep 24, 2015, 7:08 PM

Um...No

"Verizon claims its deal is better than those of its competitors because customers have the potential to own the phone if they wish, rather than be forced to turn it in."

Not even close to accurate.

SBacklin

I came across another part where VZW is touting that if you decide to keep it, you can, you just keep paying the normal monthly installments as usual instead of larger one-time balance payment to pay off the device like it is at the other carriers.

...

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