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AT&T's Newest Next Plan Asks for 30% Downpayment

Article Comments  18  

Jun 1, 2015, 11:31 AM   by Eric M. Zeman   @zeman_e

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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arox413

Jun 2, 2015, 4:13 AM

Ok who's jumping on next??

It was only a matter of time before this became a requirement to some extent. Far too many mobile customers have no shot at Next, Edge, or whatever other name companies have for it due to bad credit. With all the major carriers trying to get away from the perceived "bad" 2 year contract deal all together, it's starting to hit their bottom line and they need more people on board. If you really crunch the numbers you aren't really saving all that much either way.
You couldn't be farther from the truth.

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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rwalford79

Jun 1, 2015, 11:38 AM

Convoluted 2+Year Contract

While not quite as bad as Verizon and its EDGE plan of a straight no upgrade possibility 2-year long phone financing... It still isn't as simple as T-Mobile, who offered $0 down and down payment plans in the same EIP financing option. While T-Mobile requires you to pay off the device if you wish to upgrade without JUMP, you have the option to get JUMP and upgrade anytime once 50% of the device cost is paid.

Or if you are like me, you get to upgrade twice per year without cost.
T-mobile actually does this exact same thing for those who dont have good credit, so i dont see how its not as simple
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You're still paying for it one way or another and tmobile.
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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It seems like, under the pretense of getting rid of contracts, carriers are just reintroducing contracts under a different name.

This, combined with the recent changes to Verizon's Edge program really seem to amount to a kind of backdoor contract.
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