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Verizon Announces VZ Edge Upgrade Plan – No Contracts, Month-to-Month Phone Payments, Early Upgrades

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During the company’s Q2 earnings call this morning, Verizon CFO Fran “ShamWow”    confirmed that they will offer an upgrade package in the future called VZ Edge. At the time, he wouldn’t dive into specifics, but Verizon has now officially announced “Verizon Edge,” and provided the basics in terms of details. As you know, we first reported VZ Edge earlier in the week. This announcement matches up to our information. 

With VZ Edge, customers can purchase phones on month-to-month service plans, meaning they can get new phones without having to sign up for a contract. The payments of the phone will be spread out over a 24-month period, with the first month’s payment coming at the time of purchase.

In terms of upgrading early and often, VZ Edge allows you to upgrade after you have been in the plan for 6 months and have paid off 50% of the full retail cost of the phone. At that time, you can choose a new phone and start it all over again by trading in your current phone. Since you are spreading out the full cost of the phone, there is no big, upfront downpayment.

According to Verizon’s announcement, there is no finance charge or upgrade fee to participate in Edge. When Big Red announced a device payment plan a couple of months back, they included a $2 per month finance charge at the time, so at least they realize that the fee was nickel and diming customers and apparently removed it for Edge.

The new VZ Edge service goes live on August 25 to Share Everything plans. Yes, it says “Share Everything” specifically, so I’m not sure that those of you who still have unlimited data will be able to participate. We’ll find that out for sure.

Update:  Verizon has confirmed to us that VZ Edge is not available to customers on unlimited data plans.

Before you think about signing up for the service, you’ll want to read our take on it.

Via:  Verizon [2]

  • frshtesh

    my max data usage is 25Gb on my iphone!!!!!! I have no idea how im doing it. Maybe because i never use wifi. Im not jailbroken and dont tether. I just stream raio alot.

  • frshtesh

    the day verizon takes my unlimited data away…. Im gone! ill switch to sprint.

  • TheRobotCow

    Is Unlimited Data really “that” important?

    • Cory_S

      It use to be very important for me. When LTE was new I would use 10-15GB a month. Now the network is so bogged down I haven’t been past 2 in over a year.

    • Fresh360

      Yes, I average around 4Gb a month…My total plan is roughly $85.00 after taxes, fees, etc. If I had to go to a shared plan with 4GB that is $110 ($70 4GB, $40 access) before taxes, fees, etc. So I am looking at a bill close to $125/month and god forbid i went over that 4GB.
      *I watch a lot of HBO Go, Comcast, Pandora, Google All Access…No access to WiFi during the workday.

      • Michael Nash

        Shouldn’t you be, I don’t know, WORKING during the workday?

        • Fresh360

          Of course NOT that would be un-American lol

    • RoadsterHD1

      YES!!!!!!

    • LionStone

      Saving $100. in data fees for my usage is kind of important…so, yes it is :-)

    • Colin Wolfson

      Absolutely. Without unlimited data I’d be charged up the ass since I use about 5gb/month just on my phone… not to mention the occasional 10-15gb months.

  • coolsilver

    Yet Verizon just announced this: @Verizon: Verizon Reports Double-Digit Earnings Growth in 2Q 2013 [Release] See Here – vz.to/15p1O6I

  • paul_cus

    People with unlimited data shouldn’t want to be part of Edge anyways.

    • RoadsterHD1

      Why?

      • angelycam

        I would say because it states on the update that we’re not included if you want to keep your unlimited plan.

        Update: Verizon has confirmed to us that VZ Edge is not available to customers on unlimited data plans.

      • paul_cus

        You end up paying more money, overall.

  • SewWhat

    Does this mean the cost of the service plans will be coming down since they no longer have to subsidize the cost of the device?… or will they keep it the same to screw everyone over and give stockholders a higher dividend?

    • Omar Amer

      that’s the thing, they arent dropping the prices of plans, they are only attaching more numbers to your bill each month. at&t is doing the same thing. so you pay the same every month while also paying off your new “free” phone. sounds like every american’s dream is to give cell companies more money each month.

      • SewWhat

        That’s what i figured…. just more crooked accounting gimmicks to generate more profits so as they can recoup the losses they’ve incurred at the expense for the push to the LTE carrier that everyone keeps going on about. I’m personally beginning to be turned off by the entire endeavour and have SERIOUSLY considered doing away with my cell service. The super sad part.. the average “No Child Left Behind” consumer will think they’re getting a deal.

    • RoadsterHD1

      the ladder

  • coolsilver

    F U Verizon.

  • John Simonelli

    And Verizon won’t even take you out to dinner first, before screwing you.

  • TheRobotCow

    Spreading the payment over 24 months? Not bad

  • Rob Schoenfeld

    Believe me no carrier wants subsidized devices. They’d rather not have EFT’s and two year agreements. But in the current US climate people would rather pay 200 bucks and then alittle over time. Eventually Verizon and ATT will have to untether subsidies from their monthly plans. Just how and when VOLTE is still in it’s infancy. Maintianing CDMA and EVDO networks on top of building out a national LTE network doesn’t come cheap. Once the LTE networks mature as well as the smart phone industry wireless carrier prices will drop like an anvil.

    • Franklin Ramsey

      Doubtful, they won’t have incentive to drop prices at that point. We will all be used to paying the amount we already do, so why drop when people are already used to paying this price.

      • Rob Schoenfeld

        Excellent question. This is where free market and capitalization kicks in. Once the market matures to a point where there are no new customers these carriers will be forced to steal market share from each other. The only way to do that will be to compete on price. Hence prices go down dumb policies are removed, etc, etc. Just like what happened to long distance call charges in the 90’s. Granted we are several years away from this scenario and the wireless carriers will ride the gravy train all the way.

        • Franklin Ramsey

          Personally, I don’t think we will ever see this day come. With them introducing new standards (IE: CDMA, GSM, LTE, LTE-A, etc…) I think what they will start doing is phasing people off one standard, increasing the price to go to the new, faster standard, and once the next new thing comes around start charging more for it and start converting people to that new standard. With the long distance market in the 90s, there was only the one technology in place so the competition had to be on price. In this case, I think the competition will be on technology. I don’t think we will see the prices come down, much, if at all.

  • nobody72

    I wonder if we can keep our non-shared limited plans which are cheaper than shared plans but of course not unlimited.

  • Scott Martin

    for us unlimited folks, can we buy phones and activate them on vzw without re-uping the contract or losing unlimited data?

    • TheRobotCow

      Yea it should work. When i bought my Galaxy nexus at best buy i kept my unlimited data.

    • decidedtochangename

      Yes, as currently Verizon see’s the $20/month in subsidy money you aren’t using as compensation enough for the unlimited. But that could change in the future.

  • Doan

    Damn.

    You’re telling me to upgrade the phone on my unlimited data plan I must purchase from a third party, saving myself hundreds of dollars?

    Damn.

    • pappy53

      If you buy new from a third party, how are you saving hundreds?

      • Doan

        By keeping unlimited data, and not paying ridiculous data overage fees for watching a few HD movies in a month.

  • Joshua Bailey

    “Update: Verizon has confirmed to us that VZ Edge is not available to customers on unlimited data plans.”

    That seals the move to T-Mobile deal. VZW scum. Lol.

  • aDROIDfreeworld

    wow. I’ll just stick with never upgrading again, thank you.

  • diesel

    This article doesn’t make any sense. How can you have said off half the phones value in 6 months? You would have to make payments for a full year before you would gatd 50 percent paid off thus you can only upgrade every year not every 6 months.

    • Scott Martin

      you can make additional payments. heck, you could pay off the phone at initial purchase. nothing says you have to take 24 months to pay off a phone..

  • Rdcamero1

    I wonder if the 12 month finance plan will be left in place for unlimited customers. I just use it to get the new phone until I sell the old one and pay it off to avoid the finance charges.

  • Geoff Johnson

    What a stupid plan. To upgrade every 6 months you’d have to pay $55-$60/mo MORE to get it 50% paid off to upgrade. Talk about ripping off customers.

  • DanWazz

    Verizon is making my decision to go to T-Mobile very easy.

  • Fiorta

    Dear Google,

    Please release your next Nexus with a Verizon “model” that I can buy on your play store.

    Signed,
    Everyone

    • vOc627

      Everyone,

      Verizon doesn’t play nice and often asks for unreasonable changes that ultimately hurt the consumer. Please find your preferred GSM carrier and liberate yourself.

      Signed,
      Google

      • Josh C

        GSM carriers suck. Rural coverage is a joke.

        • vOc627

          Sucks to live in the boonies?

          • Josh C

            Prefer not to be surrounded by 10,000 idiots per sqmi and pay $4/gal for gas.

          • vOc627

            $4 for gas?! If that’s the national average we’re well below (South Florida) but definitely have 10k plus worth of idiots.

          • Josh C

            I live in metro DC due to my job and can’t wait to get out. I do like the blanket coverage though. Gas is $3.89 in VA and $4.49 in DC.

      • aDROIDfreeworld

        I wish it was that simple…

    • Bionic

      hahahahahahaha, nope, million to one odds on that happening.

      • aDROIDfreeworld

        verizon only let the moto x come to fruition because of google/moto’s strong position in the industry now. We are lucky to get even that.

        • Bionic

          What if I told you that verizon has not yet signed off on the moto x

          • hkklife

            I would 110% believe it…and, honestly, I would not really care. Now, the 5″ 1080P 32Gb hero device coming in Oct, that would be a little more troubling if it did not come or was delayed in hitting VZW.

          • Bionic

            Yup, accoding to sarge, vzw has not yet signed off on it. Yes it has passed thru the FCC with their hardware but that means nothing.

          • Justen DeBowles

            I can believe that since the revival of the DROID line. They probably want to focus on those and not bother with something as good as the Moto X, lol

          • Justtyn Hutcheson

            Which is why CDMA sucks balls. If the FCC approves the device, it should be immediately usable on any network that has those frequencies and technologies.

          • aDROIDfreeworld

            It is built on a cell network thats been around since dinosaurs lol. I remember when ATT was CDMA – then they switched to GSM with the cingular change over. That was like 14-15 years ago?

            And big red has stuck with it amazingly enough.

          • Justtyn Hutcheson

            Eh, if it ain’t broke, makes us a ton of money, AND allows us unprecedented leverage over device makers….

          • sski66

            You seem very informed I would like to ask a question, I’m on Unlimited, my contract isn’t up till Jan, say if I buy a phone next week @ full retail price, I don’t loose my Unlimited, or my contract doesn’t get extended, basically everything stays the same, correct? Thanks in advance.

          • Justtyn Hutcheson

            That is correct. If you purchase your device for full-retail, either all at once or through their 1-year payment plan (NOT the Edge program, that is completely different and would end your unlimited), then your service will be completely unchanged.

            If your current device and the new device use the same SIM card, you can move it from one to the other and happily use your new device. If the SIM is not the same, you will need to go to a Verizon store or contact customer service, but getting a new SIM card should be free of charge either way.

            Hope that helps :-)

          • sski66

            Yes, first, thank you for your reply, I get to keep Unlimited & my contract is still done in Jan. As for the sim card, I have a GNEX & if i can remember correctly I never had to put one in, unless the rep in the store did it, i was under the impression the GNEX didn”t have one. I plan on buying the HTC ONE if it ever gets to Verizon, or maybe the Moto X. It’s just this GNEX of mine is on it”s last legs, & since i’m buying @ retail price now i know there’s no reason to wait, that is until the phone I’m waiting for comes out, Thank You Again.

          • Justtyn Hutcheson

            The rep in the store did it for you. It uses what is called a mircoSIM, which is what all current devices use on Verizon, so you should be just fine there. You can look here http://support.verizonwireless.com/clc/devices/knowledge_base.html?id=51313
            for instructions on how to remove the SIM card from your GNex, and the manual for your new device should have instructions in the box.

            As for the device, I’m in the same situation. My OG razr is finally showing its age (mostly battery life steadily dropping), so I’m eagerly awaiting the new Motorolas and the HTC One, as it is down to those.

          • sski66

            Jez, of course it has a sim, I don’t know what I was thinking, haha. Yeah I’m right there with you on battery life, if I know I’m going out for more then 5 or 6 hours & I’m not going to be near an outlet I bring my 3 batteries, [1] extended, [2] regular & pray they last, It’s that bad. I never did get a Razor, I kinda liked the way they looked & were built. I started with [smartphones] the OG, [ what a compact little tank], then my GNEX. I really like what I’m seeing as far as the ONE, I think I’ll like Blinkfeed, it seems like an easy way to stay up on things, plus I really like the build quality. I too will check out all the new Moto phones & see if I like them better then the ONE.

          • aDROIDfreeworld

            then why is it on their future rollout?

            Moto could make the position of no more moto phones ever again once the DROID contract is up, if they don’t take the X phone.

            Even though most folks fail to realize that moto even exists anymore, but that would still be a pretty big loss to VZW.

            They have the leverage – they should grow a pair and use it.

          • aDROIDfreeworld

            Being a OEM guy, I would go back to iPhone since stock android would have been completely eliminated from Verizon until the end of the world.

            I dont WANT to go back to an iPhone, as I am so invested in Google’s ecosystem….

            But I would if I had to.

            Now, seriously they havn’t signed off on it?

  • Zach Armstrong

    None of these plans seem good Just go with unlocked phones

  • chris125

    Of course. That was about only incentive for this was to keep unlimited. One more reason to switch once my contract is up in a few months. Verizon giving a big F U once again to your customers.

  • Daveydog

    Hold on, for a 600 plus tax device, and get a new one every 6 months, I’d pay perpetually 26-27 bucks a month? 320 a year?

  • Carl

    so glad I left Verizon last week. they are so money hungry it’s redic.

  • airplane
    • Josh C

      Wow. Good chart. Looks like t-mobile loses.

      • airplane

        Yeah looks like it. I didn’ pay much attention but I hope they didn’t miss out on some key element in calculation

    • jnt

      That $240 fee for T-Mobile also covers insurance if I remember right. So in some people’s cases, that fee shouldn’t be in the chart. Otherwise that’s a great look at the overall picture.

    • decidedtochangename

      Completely inaccurate as they aren’t accounting for the service cost.

      The whole point of TMo’s new pricing is you aren’t paying a subsidy every month any more in your service fee.

  • Dan Lopez

    Bunch of douchebags!

  • Chris Schmucker

    I feel bad for the everyday customers that are gonna get tricked into signing up for this.

    • Josh C

      Someone needs to start an ad campaign to discourage people signing up for these ripoffs.

      • Ian

        Show me the money.

  • Stephen

    is everyone ready for the inspirational vzw edge commercials that are going to be shoved down our throats?

  • TheWenger

    Paying twice ROCKS! Thanks Shamu.

    • ANGELYCAM

      lmao @Shamu!!!

  • skubadoo

    All of these upgrade plans from VZW, ATT, Tmo are all about ripping you a new arse and making it look like you are getting a better deal. Sure you can pay 50% full retail and then upgrade, but YOU WILL be required to trade in your 50% paid off phone for a new one and then start paying extra $$$ over installments, not to mention the phone subsidy you ALREADY PAY in your monthly bill. Considering their monthly price plans, after 6 months or so + your installment of paying 50% of your phone, you lose out completely when you can’t keep the phone..
    BUY FULL retail up front and sell it on swappa when you don’t want it anymore and put the $ towards another full retail.
    No reason to pay for your phone twice… there’s an article written over on the verge about this..

  • Josh C

    All these early upgrade options (from all carriers) are a waste of time. You are essentially renting the phone like a cable box or something. If you don’t want a contract or want to keep unlimited on Verizon, you might as well buy at full retail or used from Ebay and sell your old device to recoup some $. Seems a lot simpler.

    • Omar Amer

      it’s a good option if you have enough disposable income to go this route. these options are for people who do not have that disposable income to upgrade their phone on a whim. not everyone has a spare $400-$600 a month to get the latest and greatest.

      • Josh C

        I don’t have any disposable income and I would never go this route. If you have any sense and money management skills, you wouldn’t pay double for devices. CL and Swappa are your friend (buying and selling).

  • Tommy King

    Verizon will be more expensive till someone cheaper can match their offerings, The plan itself is a good step forward due to the fact that there is no contract and your not bound to a phone thats outdated 8 months after you get it. Yes your gonna pay double for the subsidy but its the cost of doing business with them. So until enough people start taking Tmo and sprint more seriously outside of early adopters and poor credit consumers then there will be no change in prices, the market will not correct itself until that happens.

  • Guest

    so if i “trade in” my phone foe a new one do they give me trade in credit?

  • Tyler Durden

    Love how everyone complains when something new is implemented. Never good enough for anybody. First world problems I guess.

    • KleenDroid

      We love new things.

      But if someone wants to pay full price for phones they should be able to keep their unlimited.

      If I were already being screwed on a share everything plan I would not also want to pay full price for phones.

      It would be a very nice option if it included those that are trying to keep their unlimited plans.

      • Tyler Durden

        Everything has to come to an end sometime.

        • KleenDroid

          Perhaps, but my unlimited data with Verizon will not end anytime soon.

          They recently told me they have no intentions of eliminating unlimited data if you don’t subsidize.

          Sounds good to me.

          • Franklin Ramsey

            And why would they, you potentially pay a jacked up price if you buy the phone at full cost from them, and you are paying a subsidized plan price without getting a subsidized phone. They make more money off you, unless you go over about 8gb a month.

          • KleenDroid

            You are absolutely correct. Why would they ever want to lose us.

            I never could understand those that say we will lose it anyway so why not go to the share plan.

            Bought new S4’s last month and my son and I went crazy. We did about 40 gig. But that was very unusual. Have not checked to see what we have done this month yet. Roms and backups are huge on the S4.

          • Franklin Ramsey

            Of course, on the flip side, once people start more streaming services and games increase in size, they will start to lose money to the unlimited plans and that will be the point they take them away. I actually did some research and the reason that T-Mobile throttles users at the points they do, is because that is where they would start to lose money if everyone were to average that amount of data. I’d assume Verizon’s numbers are probably similar from a cost standpoint, so since they cost more to the consumer I would assume their margin/data cut of would be slightly higher.

          • Stephen Cox

            I can live with paying full price every few years for the new hotness, and buying slightly used handsets for the rest of the family if it means keeping my $10/month unlimited data on all the lines.

          • KleenDroid

            Same here. I think the only ones that give it up are the ones that don’t have this plan.

    • https://twitter.com/#!/fitman88 Fitman88

      If they announced that they are removing the subsidy from the no-contract plans I don’t think you’d hear a single soul complaining.

      However, what they introduced does nothing but further disenfranchise their customers… we SHOULD be complaining!

    • Ian

      #firstclasstroll

    • rutgersjaffo

      Exactly. It’s always crying on here about every single thing they do. Everyone is an expert, everyone could do it better, everyone would offer unlimited data and brand new phones twice a week for free. GTFO, it’s a business, for crying out loud.

  • MotoRulz

    Everyone be careful… They will attempt to use the Jedi mind trick to convince us that this is a good idea.

  • Anthony Tyson

    Only paying double if you’re contract has expired people. If your contract isn’t up you’re still paying for the subsidy of your initial phone purchase that started the contract. Once your contract has expired then yes you would be paying double.

    • KleenDroid

      Which in a short amount of time would be everyone.

      Plus by paying full price for the phone is already paying double.

      • Anthony Tyson

        I’m glad you know when everyone’s contracts are up. Because nobody got a contract yesterday. Or the day before. Or the day before that. Or right now.. . Or now. .. Or now… And it’s not paying double paying full price if that’s what the phone costs.

        • KleenDroid

          You are not understanding.

          If you get a subsidized phone the cost difference is built into the monthly bill. But if you pay full price they don’t lower your bill to get rid of the built in subsidy.

          The only way you are not paying double is if you always only get a subsidized phone.

          Chill dude chill.

          • Tim

            so basically people who already pay full price for their new phones are paying double…so what is the difference…this just gives up people who cannot afford a new phone up front cost a way to spread it out over 24 months if so desired.

          • KleenDroid

            I agree. If you want a new phone it is certainly an option. And if you have to pay full price you might as well spread it out.

          • Time

            but I guess you lose your unlimited data this way…where as a full out purchase you wouldn’t?

          • Anthony Tyson

            Definitely a misunderstanding, my bad. Yes it’s total BS that it’s that way but that won’t be changing anytime soon.

  • Justtyn Hutcheson

    Soooo, this plan keeps the worst part of AT&T’s plan (no service discount), lets you upgrade every 6 months @ a total investment of 50% of device cost (which is at least more reasonable than 12 months @ 65% for AT&T), but is ONLY available to Share Everything plans.

    Fail. But then again, there’s still no impetus for them to compete on price until their subscriber numbers and/or number of contracts drops to a “mid-high risk” segment.

    • rutgersjaffo

      Yeah, how dare they ask me to, you know, pay for the device. You guys won’t be happy until they give you everything for free.

      • Cory_S

        The subsidy is already paying for devices.

  • Thomas

    As a household with 2 people who have individual plans grandfathered into unlimited data, will be monitoring this closely. If it tries to separate us from our unlimited data plans, then forget it.

    • hkklife

      Don’t worry, it is safe to assume that EVERYTHING VZW does from here on will be intended to separate us from our grandfathered unlimited plans.

      • KleenDroid

        Nothing they could offer would entice me to do that.

        Last month was very unusual and we used almost 40 gig of data. I can’t imagine what that would cost.

    • KleenDroid

      At least there is the 12 month plan which is already very nice.

    • Jake

      I’m in the same boat with big discounts to our plan because of where we’re employed. Eventually when the next network (5G?) comes out, they’ll force us out of the grandfathered unlimited plans, because you’ll need a 5G plan to use a 5G phone.

  • BRIM

    As a Verizon subscriber. I’m glad to see T-Mobile shaking up the big dog carriers.

  • MotoRulz

    Do they really think people will pay 50% of full retail, choose a new phone and start all over again? How the hell are they going to sell this as a good idea?

    • Franklin Ramsey

      Sadly, I am sure they will be able to get people to sign up for this.

    • decidedtochangename

      They will say “for a dollar a day you can have a new phone every 6 months or so” and people will not do the math nor read the 50% fine print.

  • Doan

    Month-to-month plans are off contract. Doesn’t that mean you are not paying the subsidy fee in your service plan rate?

    • JasonIvers

      No… month-to-month plans cost exactly the same as on-contract plans, which have the subsidy priced into them. I suppose you’re not paying a “subsidy fee” any more, you’re paying a “Verizon profit fee”.

      • decidedtochangename

        wonder if you still hose you with with upgrade fee on top of all that that they do with current renewal pricing.

    • Franklin Ramsey

      No, because you are paying the same price as those that are on contract. It would only make sense to give those off contract a cheaper price.

  • RK_Kamikaze

    Just means they start charging more for the phones.

  • mustbepbs

    Verizon announces anal rape

    No lube

    • TheWenger

      Alright, bite the pillow. I’m going in dry!

      • mustbepbs

        “Shh, it’ll be over soon. Just let it happen.”

        Verizon on their brand new VZ Edge program

  • Robert

    “As you know, we first reported VZ Edge earlier in the week” Would you like a cookie?

    • Bionic

      Go run your own website then, bunghole

  • Bionic

    “Tell me, how many lights you see?”

    “There are FOUR lights!!!!!”

    • socarwolverine

      I literally just watched that episode again a couple days ago. Nothing is more satisfying on the internet than getting what someone has referenced.

      • Bionic

        I just watched it an hour ago on TV.

    • EC8CH

      Top 5 TNG episodes

  • Stephen

    It’s a good step, but tmobile is still way more tempting, especially now that I know I get LTE in my town.

    • Bionic

      No, its not a good step. Unlimited users cant use these. Also, you pay for the phone twice and you are getting ripped a new butthole.

    • Butters619

      It’s not really a good step. Just like with the AT&T plan it is a MAJOR rip off. You are better off buying phones out of contract and selling your used phones.

      • Stephen

        i’m aware it’s still a ripoff. It’s a step in the right direction though. It’s not where it should be right now, and it probably won’t for a long time.

        • Bionic

          No, you can say that all you want, but it is NOT a step in the right direction.

          A step in the right direction would be showing that you care for your customers. This in no way is that. It is pulling wool over customers eyes.

          • Stephen

            ok

        • Butters619

          How is it a step in the right direction in any sense? Verizon offers you a new plans that is more expensive that just buying a phone out of contract in 12 months. They then make it super confusing so some people will definitely fall for it without doing the math.

          T-Mobile made a step in the right direction, although there are still cheaper ways to do it. Verizon did not. It’s all about confusing options and profit.

          • Justtyn Hutcheson

            Wow. I’m actually sorry that your hate is blinding you to the mathematical truth you are ignoring.

            Verizon is allowing you to pay full retail on a device over a period of your choosing with no contracts, additional fees, or other such tom-foolery. After 50% of the retail price is paid, you can turn it in and purchase a new device, thereby *guaranteeing* a device sale price of 50% of the device’s retail value, which may or may not be a good deal. If you want to try to sell the device for a higher amount, you can pay off the full retail price immediately, and take your chances.

            Now, please, explain to me how the above IS IN ANY WAY confusing, more expensive than buying phones for full retail outright, or not actually BETTER than T-Mobile’s JUMP! program, that not only limits its use, but also forces you to make additional monthly payments and a down payment every time you want to change devices, which are actual losses.

            NOTE: This discussion relates PURELY to the cost of devices. The cost of service is unrelated, as it is constant in both scenarios. Discussion of subsidies is also irrelevant, as such discounts require the signing of a 2-year agreement which has a value of $350-($10*# of completed months), which is equal to or greater than the value of the discount minus an estimated depreciation, which may or may not result in a net gain or loss depending on the device’s current market value.

          • Butters619

            Well since the cost of service is the same and unrelated like you said, then lets talk about hardware costs.

            I can buy a phone on contract for $200 and sell it at 12 months for $250 and buy a full retail phone for $650. Total cost: $600.

            While you go pay 50% of a $650 phone so $325, trade it in since you have to give it back, then have to pay for another full price phone at $650. Your total hardware cost for 2 phones in 2 years is $975.

          • Justtyn Hutcheson

            Actually, the total cost in your second example is $650, as you will have only paid $325 of the second device’s price at the end of the 2-year period. If you end your service at that time, you would pay the remainder of your device’s cost ($325), less its sale price (in your example $250), for a net loss of $125. That means that the service agreement you signed for the first example is worth a grand total of $5.21 /mo. Ya know, that is a loss I grant you, but a substantial loss? Not really, no.

          • Butters619

            You would have only paid $650 but you still don’t own that phone. The other $325 has to come from somewhere. You can’t just walk. It doesn’t magically disappear. In the first example you are done with hardware costs. The phone is paid. It’s yours. Pretending like “oh but you’ve only paid $X” when you only own half a phone is the way they spin it.

          • Justtyn Hutcheson

            You are correct, you wouldn’t own that phone. Assuming that you sold the second phone at the end of the two years, the total cost of the first example would be $400. At the end of the second example, you would turn it back in to Verizon, which would negate the $325 left on your device, and the cycle would start over.

            So, the cost differential is $250, or $10.42 /mo. That is still not the $375 you were originally claiming.

            They aren’t “spinning” anything. It is your choice to enter into a service agreement, and it is also your choice to purchase each device. They are giving you an option to get a new device now without having to outlay the massive instantaneous cost, and are also stating that they guarantee you can effectively sell your device back to them at 50% of retail cost after a certain period of 6 months but no more than twelve months.

            IF you want to be off contract, AND you want a new device, their payment plan is not bad at all. If you don’t care about having a contract, you hopefully wouldn’t be looking at the payment plan until at least 1 year into your contract anyway, at which point you can use the payment plan as a 0% interest loan rather than paying off the full balance immediately, which is a much better deal than paying outright (remember that if at any time you want to “own” your device, you can buyout the remainder of the balance against it immediately without any penalty).

          • Butters619

            You can’t just turn it back in to Verizon. You would have to continue with another phone/plan to do that. Again, you can’t just walk away without paying that $325. And saying “well continue this forever” is a lame way to ignore that you are being charged a lot more than you should

          • Justtyn Hutcheson

            Well, my apologies for making the assumption that we were talking about an indefinite cyclical theory so as to eliminate the effect of service cost. If you would like to discuss that as well, I’d be more than happy to do so.

            Devices purchased off-contract will cost more than devices purchased with an agreement. That makes complete sense. Every month that you intend to stay with Verizon, the advantage of getting a contract gets larger. If devices are the only differentiator, then signing an agreement is a complete no-brainer (as is taking advantage of the payment plan during the last 12 months of your contract to spread out the full retail price during that period).

            Of course, thinking back on it, I never should have gotten pulled into a discussion of subsidies versus full-price sales WITHOUT taking service plan cost into account, as at that point they do become relevant since by signing an agreement you incur an opportunity cost equal to the amount you could otherwise pay for service at another carrier over the amount of time you pay the higher price at Verizon.

            That is why all of these comparisons are so damned confusing. Depending on what you want to compare, only certain costs are relevant.

          • Butters619

            Running it forever doesn’t save you any money either. For the on contract plan you can do a $200 phone every other year and a $650 phone every other year and sell your year old phone for $250 (actually SGS3 at 14 months is still going for $300). Do that compared to Verizons plan for eternity and you still come out paying a lot more for this.

          • Justtyn Hutcheson

            I think I’m being trolled at this point, but okay, I’ll bite one more time.

            Not once. Not one.single.time have I ever claimed that you would pay less for your device using the payment plans. That would be completely asinine. One has a discount the other does not. It really doesn’t come down to anything other than that.

            What I was contending was that this program compared to the other programs was the best based purely on device cost over time. THAT IS ALL. You were the one who brought up a subsidy, at which point I simply pointed out a logical error. In order to do a true, apples-to-apples comparison, you have to include an evaluation of the value of NOT being in a service agreement with Verizon, and overall cost (service + device) rather than just device cost. That is a comparison which has been done to death, and results in Verizon being more costly whether you use the device payment plan or get a discounted device.

            Thank you, and good day sir.

          • Butters619

            You can keep going on and on about logic errors and trying to bend every single thing to try to fit your defense. But it’s simple. It’s easy. The Verizon program will cost significantly more than just buying phones in contract and outright. You can try to justify it however you want, but that doesn’t make you right. And it doesn’t make these a smart investment. Anybody who buys into these plans is an idiot, was tricked, or has too much money. Plain and simple. Go ahead and waste your money.

          • Justtyn Hutcheson

            I’m not defending anything!!! I simply pointed out that Verizon, for once, doesn’t have the absolute worst option.

            It is simple:

            If you use these plans you will pay more for your device, but you have the option of paying less for your service.

            If you sign an agreement, you will pay less for your device, but you will pay more for comparable service (excluding discounts/grandfathered plans/etc.) and that will lead to you paying more overall. There is no option, unless you wish to negate the savings that you received on your device, which is the entire point of accepting the agreement.

            That is all I have ever said.

            These programs are good IF AND ONLY IF you want a new device and DO NOT want to sign a contract for it. IF that is the case, Verizon is the best of the worst. It won’t save you anything, but it does give you the most flexibility.

            I honestly don’t know how to lay out my points any more plainly.

          • Butters619

            You don’t pay less for your service though if you opt for one of these plans. The service plans are the same cost whether you sign a contract or you get your phone on an Edge plan.

          • Justtyn Hutcheson

            Absolutely correct. You won’t pay less *on that carrier*. But you *could* pay less on a different carrier. Hence the agreement has an opportunity cost equal to the number of months you pay for the higher service charge times the difference between the plan cost you pay and the one you *could* have paid minus the difference in device cost. If you compare Verizon to T-Mobile with a GS4, the opportunity cost for a 2-yr contract is $510. So, a service contract is a case of a short-term gain ($350 off device) in exchange for a long-term opportunity cost ($510 over 2 years). Whether that cost is worth paying depends heavily upon the quality of their service in your area and the areas you frequently travel to, but on Verizon, no matter what, you will pay more for a comparable device and service combined compared to other carriers. Also on Verizon, if you simply can’t stand to be on a contract, you have the option of the Edge plan, which won’t likely save you any money versus buying all your devices outright, but likely won’t cost you anything extra either.

          • Butters619

            But why in the world would you sign up for an Edge plan if you planned on leaving for T-Mo? That doesn’t help your argument at all. Besides the fact that the phone wouldn’t work, you would have to pay off the Verizon hardware completely when you decided to switch. It’s not like you could get the hardware, jump ship, and continue paying for the Verizon hardware while getting cheaper service. As for no contract, you still have a hardware contract obligation and if you break your Verizon service you must pay the phone off in full. Sounds exactly like a contract to me. You can not maintain a hardware payment plan with Verizon service.

            It seems like you are just taking your argument in circles or trying really hard to troll. Either way, my original point still stands. You would be paying a lot more for nothing.

          • Justtyn Hutcheson

            AHA! That’s where the confusion lies.

            You are comparing the Edge plan to all possible scenarios, which makes the Edge program look like a gigantic waste because it is in 99.9999999% of cases. With Edge you pay full retail for your device and higher service costs.

            However, I am pointing out that IF, by choice of force, you MUST pay full-retail, and you MUST stay on Verizon, the Edge plan is better than paying full-retail outright because you gain a few options with zero loss. The rest of the device programs don’t even have that one single positive use case.

          • Butters619

            That would be the only time Edge is better. I will agree. If your only two options are buy the phone outright and sign up for Verizon service or do Edge and sign up for Verizon service, then sure the costs would be identical but with Edge you would spread out payments.

            Of course, if you were going to do that, you might as well sign a contract and just eat the ETF when you cancel.

          • Butters619

            Please trust me on this, the way Verizon is wording it makes it confusing. A bunch of people will fall for this since it sounds great, but it will end up costing you A LOT more. You can say you don’t believe my math all you want, but please don’t sign up for this.

      • Justtyn Hutcheson

        That’s EXACTLY what they are offering to let you do, just spreading the payments over time rather than full retail upfront. Any “ripoff” is a perceived (not ACTUAL) loss.

        Make no mistake, the discounts offered for agreements incur their own actual losses (monetarily measured in terms of ETF), and as such are, at best, break-even with paying full retail cost for the devices. So, you options are pay more for your device, or pay more for your service. There is a value proposition for each, and is unique to each individual’s situation.

        • Butters619

          No! You are essentially paying for the phone twice. The phone payment and the subsidy cost in the bill. If you do the math with the AT&T one, it would cost $524 more over the two years than it would to do a contract and buy a full retail phone at 12 months.

          What they want you to think is that you are spreading out the cost. What is really happening if you are paying for the phone twice for the “convenience” of switching at 12 months.

          It is an ACTUAL loss.

          • Justtyn Hutcheson

            Oi vey. Okay, let’s try to spell this out and show where the losses are incurred. I’ll use the GS4 as an example.

            You purchase the device today and sign a contract, and they give you a $350 discount on the price of the device, so it only costs you $250. WAIT THERE’S YOUR LOSS!!!!!!!!!! (the other $124 you quoted is a loss due to the natural depreciation of the device’s value)

            So, a service agreement is worth $350 in this situation. YOU get to decide if that short-term gain is worth GUARANTEEING that you will have at least a long-term loss of $1300 over the course of your contract.

          • Butters619

            TL;DR: You are paying a lot more money.

  • Bionic

    Rip off, LOL

  • Ian

    Lolz, would not surprise me at all that they would exclude grandfathered unlimited customers. #Dicks

  • Joe

    also, no cheaper rate plan, so you’re paying twice for the phone…

    • Jeremy Sheehan

      I hear you on that. Too bad for them. I’ll be checking TMO real soon for sure.

      • KleenDroid

        Yep, if T-Mobile had decent phone service it would be a no brainer.

        I look forward to the day when all the other carriers build their networks.

      • Big_EZ

        I’m staying until they kick me off of unlimited data. Then I’ll head over to T-Mobile

        • T4rd

          Same here. I finally just got LTE in my little po-dunk town this week (I think it was the last place in the state, hah). I’m sure it will be years before T-Mobile will have HSPA+ or LTE around me.

          • Cory_S

            Verizon’s LTE in Houston is so bad now it is only marginally faster than 3G until you get outside the city limits in less densely populated areas. So, LTE has little weight on my decision which is pretty sad.

          • Justtyn Hutcheson

            Luckily they are going to be deploying AWS LTE later this year, which should help that immensely.

          • Cory_S

            I haven’t researched that too much. I do wonder how it will be different in a few years when that spectrum gets just as crowded though.

          • T4rd

            Damn, that’s pretty bad. I’m still pulling 20+ Mb/s consistantly around my area, but it’s a relatively rural area.

          • zionlion02

            This, in the majority of SF as well. Not worth the 80 bucks a month.

        • Cory_S

          I have been trying to figure this out. I want to switch to T-Mobile, but they aren’t cheap enough to justify the coverage they have for me to “jump”.

          My two lines on unlimited data cost me 160/mo But, I can’t keep unlimited data if I renew the contract which leaves me with either paying retail (another 1300 dollars) or financing through them which is pretty much the same thing. So the price per month would go significantly up.

          So for a more apples to apples comparison lets say I ditched unlimited and got a 4GB Share Everything plan. My price per month would drop to 150. On T-Mobile It would be significantly less at 100 flat a month for their 2.5GB plan (per phone). Only, Verizons has a subsidy built in and T-Mobile doesn’t so I would need to add two phones like the GS4 to really compare head to head which brings it up to 140/mo. Verizon is 50 dollars more “down” but spread over 24 months it’s negligible.

          T-Mobiles coverage is bad enough I would need more than just a 10 dollar a month cut.

          • Justtyn Hutcheson

            If you have a family plan, you can add two lines with contracts and discounted devices. After the 15-day return period, you can either terminate the two lines for $350 each at an average savings of $50/line over full retail, or you can move a basic phone to the line to remove the data charges, and pay $10 /mo /line (total of $240 over 2 years/line) if you plan on sticking with them for the next 2 years anyway.

            If you are going to pay full retail regardless, I’d stick with Verizon. Their coverage and network strength is roughly proportional to the extra you pay for the service (you can’t take device cost into account at that point, since it is equivalent for both services for identical devices).

          • Cory_S

            Interesting idea to cut down device costs, I do wonder if taking advantage of that may have negative consequences in the future though when applying for service.

          • Justtyn Hutcheson

            They get their money, so they likely don’t care. If you constantly add lines and pay an ETF at their store, their net loss is usually at or close to $0 (remember that you have to pay for at least 15 days of service to keep the device). If you purchase it elsewhere, their net loss is usually < $0, as they didn't need to use any resources for the transactions.

          • Ian

            If you get a new line with a smartphone contract you have to keep data or pay the ETF. So paying $10/mo. = $240 doesn’t work.

          • Justtyn Hutcheson

            When you add a line, you add a continual service agreement on that line. You can add and remove additional services at any time with the rules of the agreement. You only need a data plan on a line that is servicing a smartphone. If you swap that line to a dumbphone, you are not required to keep data services on that line.

          • Ian

            Sure, but if you got a subsidized smartphone on the line, that line has to have data for the duration of the contract EVEN if you switch to a dumb phone.

          • Justtyn Hutcheson

            My understanding was that you only required data on a line that is currently active on a smartphone. Definitely need to clarify with Verizon then.

          • Dave Hernandez

            This is untrue. I’ve done this on VZW. You can remove the data plan once you switch to a dumb phone.

          • Big_EZ

            I wish my two lines on Verizon was that cheap. My two lines run about $210 with unlimited data, 1400 minutes, and 250 texts per line. Also you $150 for Verizon doesn’t include the $200-300 for a subsidized phone.

          • Cory_S

            I mentioned that at the end, but didn’t double it for two phones. The difference is 100 dollars vs T-Mobile, over 24 months thats 4 dollars per month. Looks like my plan is the same as yours. I forgot mine has an employee discount though, which makes my math much more personalized to me I guess.

          • verizonchris

            You only have to add one spare line to your family share plan if you want to keep unlimited data. Adding the line gets you one phone, and then you use an alternate upgrade from one of the existing lines to the spare line for the other phone. That leaves you with one upgrade to spare. You do not have to leave data on the spare line despite what others have said. As long as the line stays active, you will not pay an ETF. Put a basic phone on the spare line so that it is only $9.99/month.

            You could cancel the spare line and pay the ETF if you want, but I would recommend keeping the spare line. If you want to upgrade and keep your unlimited data, you will need a line on the account without unlimited data to run the upgrade through. Plus, its’s a spare upgrade to use :)

          • Bigwavedave25

            I thought VZ put a stop to the transferring line keeping unlimited? Meaning if you transfer an upgrade from one line to another the “transfering” line has to renew it’s contract for the event to take place. At least that what VZ CS told me last week.

          • verizonchris

            The line that the upgrade comes from has its contract renewed. The line that the upgrade is transferred to is the line that would lose unlimited. If the line does not have unlimited, then no unlimited is lost. The unlimited on the line that the upgrade comes from stays intact.

          • Bigwavedave25

            If this truly is the case then I am sticking w/ my original plan to upgrade the wife’s phone with our newly set up basic $10 line [then swap phones back], then transfer my upgrade so I can get a new device.

            I swear the CS said new contract bye-bye unlimited on transferring line, not simply renewed. Hmm…

          • verizonchris

            I do it for customers on a daily basis with no issue. Is there a way to pm here? If you send me contact info, I would be more than happy to hook you up.

          • Bigwavedave25

            Thank you! Do you have a Rootzwiki account? I contribute there with the same screen name, you could PM me there. Or same with Xda, but I’m not on that site much anymore.

          • verizonchris

            just sent you a pm on rootzwiki….same name

          • droidrazredge

            I’m glad this option still exist. I’m in need of a new phone soon, but I’m holding out till the Moto X or something else from Motorola. I’m interested to know how this option will be used when VoLTE and eventually LTE-A comes into play. Hopefully this options still gives me a way to keep my unlimited.

          • steveliv

            Can you explain the process in more detail?

          • verizonchris

            PM me over on rootzwiki and I can explain it a little more…..same user name

          • JasonS

            Hello Verizonchris,

            I am a Verizon customer on unlimited and eligible for an upgrade. My wife’s account is tied to mine so that she could get a corporate discount. She is not eligible for an upgrade and we do not have a shared plan because I did not want to give up unlimited. She has 900 minutes and 2GB of data for her phone. I would like to purchase a new phone this summer (maybe the Moto X or the Droid Ultra Maxx, or whatever ridiculous name they chose) and keep unlimited. How do I go about doing that? I read your post about adding a line for $10, but I am not sure how that works and what I need to ask the Verizon Rep. to accomplish this. Also, how willing our the reps to do this? Are they all supposed to do it if asked or will I need to find one willing do it for me?

          • paulmike3

            Here’s what I did to keep unlimited data on 1 of my 2 lines:

            Starting point:

            Line1 – unlimited data – old device – eligible to upgrade now
            Line2 – unlimited data – old device – eligible to upgrade in 4 mos

            1.) Via the Verizon site, transfer the upgrade eligibility from Line1 to Line2.

            It now looks like this:

            Line1 – unlimited data – old device – eligible to upgrade in 4 mos
            Line2 – unlimited data – old device – eligible to upgrade now

            2.) Upgrade Line2 to a new device, activate the new device, and lose unlimited data on Line2.

            It now looks like this:

            Line1 – unlimited data – old device – eligible to upgrade in 4 mos
            Line2 – tiered data – new device – eligible to upgrade in 24 mos

            3.) Re-activate the old Line2 device on Line2. You now have a new device that’s not activated on any line, and your account looks like this:

            Line1 – unlimited data – old device – eligible to upgrade in 4 mos
            Line2 – tiered data – old device – eligible to upgrade in 24 mos
            + Extra new device

            4.) Activate the new device on Line1. No data package change is needed. You’ll now look like this:

            Line1 – unlimited data – new device – eligible to upgrade in 4 mos
            Line2 – tiered data – old device – eligible to upgrade in 24 mos

            5.) Via the Verizon site, transfer the upgrade eligibility between your devices. You’ll now look like this:

            Line1 – unlimited data – New device – eligible to upgrade in 24 mos
            Line2 – tiered data – old device – eligible to upgrade in 4 mos

            6.) In 4 months, you can upgrade Line2 to a new device, and you’ll look like this:

            Line1 – unlimited data – new device – eligible to upgrade in 20 mos
            Line2 – tiered data – new device – eligible to upgrade in 24 mos

            Hope this helps someone! I did this in Nov/Feb and it worked flawlessly!

          • JasonS

            Thank you, paulmike3. I might try that.

          • verizonchris

            Jason…..you have a willing rep right here lol. I am more than happy to assist you or anyone else on Droid Life. Send me a PM over on Rootzwiki and I can go into more detail. I don’t want to clog up the comments here. I’m using the same name over there. I’ve already had a few people get in touch with me.

          • JasonS

            Thank you. I sent you a PM on Rootzwiki. Please take a look at it when you have time.

        • Allen

          If the payments are spread over 24 months then wouldn’t it take 12 months to pay off 50% of the retail price? How then would you be able to upgrade every 6 months?

    • Butters619

      Verizon Board: “Brillant!”

    • Ian

      Average Joe, doesn’t understand that however. Time for those of us that do to leave Verizon, but buy some stock on the way out, they’re going to make $bank$.

    • Tyler Casilio

      How are you paying twice?? I can’t figure that out

      • Bionic

        read his explanation

        • Tyler Casilio

          Where is it?

          • Bionic

            did you read the article? He has a link at the bottom

          • Tyler Casilio

            Yes I read the article

          • Joe

            VZW has cost for “subsidizing” phones built into the rate plan you pay every month. with this new program, you’re paying for the phone separately from the plan. But, they’re not reducing the cost of your monthly bill to reflect that change. Therefore, you’re paying twice for the phone.

          • Justtyn Hutcheson

            You’re choosing not to take advantage of the opportunity to receive a discount IN EXCHANGE FOR the ability to change carriers without additional cost.

            Therefore, you are NOT paying twice for the phone. If anything, you are paying for the freedom to switch carriers at any time you want. No matter what, Verizon’s short-term gains are higher but their longer term risk is higher as well. This entire “paying twice” FUD is easily debunked by basic economic theory.

          • Joe

            Not on verizon. still need a contract for the Share Everything plan. so you’re still paying the ETF if you want to get out of that.

            So you’re paying double AND can’t switch.

          • Justtyn Hutcheson

            You can go month-to-month on Share Everything if you want to. Verizon would prefer you be on contract, but it is not required.

          • Cory_S

            Not really. You just replace the ETF with the device fee. The device fee would actually be far more the first several months, so the ETF may actually be higher.

          • Ian

            “Paying for the the freedom to switch”? Are you serious?

            Its all about the hardware/subsidy. Similarly I have DirecTV and their fine print states that because the equipment I receive is significantly discounted they require a service agreement to basically ensure they can recoup their hardware costs, i.e. subsidy. I’m completely OK with this. I called DirecTV the other day because I know I’m almost out of contract and I wanted to check the date. The CSR informed me that I was indeed already out of contract and going month-to-month. She also insisted I get a $15 monthly reduction in my bill with no catch, no service extension, for “being a loyal customer”. Why the hell can’t VZW do this? Apparently DirecTV gets it, and trust me I was surprised.

          • Justtyn Hutcheson

            They were giving you a discount to prevent you from switching to a different service, which you could easily do if you so chose. The discount you receive is a smaller loss than you completely dropping their services.

            Verizon is not in such a position, as they have no true competitor to the size and strength of their network as a whole. In certain areas, T-Mobile certainly gives them a run for their money, but overall it is no contest. So, as a business, they have no reason to incentivize you staying on a month-to-month basis, only a reason to incentivize you to guarantee them profits and mitigate their risks via a service agreement.

          • Ian

            “No true competitor” is an opinion or even a perception. The same could be said for DirecTV.

          • rutgersjaffo

            ^ THIS. So many people on here like to hear themselves bitch and whine. Yeesh…

      • T4rd

        Unlike T-Mobile; Verizon is charging you the same rate as if you were on-contract, as in paying a subsidy on a discounted phone. Using this new “Edge” plan, you’re financing a phone and paying for it on top of the the normal contract plans.

        • Bionic

          this

          • Tyler Casilio

            Thanks Bionic and T4rd :)

        • Justtyn Hutcheson

          T-Mobile does not discount their plans when you own your device, they lowered their plan costs across the board. The cost of the plans were lowered because they could not compete at cost parity with other mobile operators (proven by their exceptionally high churn in the 3 years preceding the price drop).

          The explanation that the lower cost was entirely funded by the removal of subsidies is laughable. Unless subsidies account for 20% of a carrier’s operating losses, then it is absolutely not worth 20% of the carrier’s service charges. They ended subsidies because without a contract, phone subsidies are a huge risk to the operator (proven by US Cellular reinstating contracts for upgrades by long-time customers), as without an ETF they cannot recoup any of the losses incurred by discounting the device.

          • decidedtochangename

            They were cheaper before removing the forced subsody, so there’s that…

          • Cory_S

            I mostly agree with you on this one.

      • Josh C

        The rate plans are priced to include the remaining cost of the device. You pay $200 upon signing and have the remaining $400 built into their plan pricing.

    • Cory_S

      I don’t know how to respond to this. Before all the T-Mobile dropping contracts and interest free financing phones I was fully prepared to pay full retail for phones to keep unlimited data on Verizon. But now with all the changes, Verizon has actually made it easier to do exactly what I was planning on doing anyway…but I hate them for it because they are offering to rip me off instead of me handling it myself.

      • T4rd

        All they did was give you an option to finance the phone rather than pay for it all up front. If you were already planning on buying your phones off-contract in order to keep unlimited data, I’m not sure how this is a bad thing; that option still exists and now you have the option to finance it if need be.

        Is it a rip off? Of course, but as much as I hate to admit it, you’re kind of getting what you pay for. No other carrier has (LTE) coverage that compares to Verizon and if you’re still on unlimted data, that’s a beautiful thing. But if you live in an area with good T-Mobile coverage and rarely venture outside of it, then obviously this doesn’t appeal very much to you.

        • Cory_S

          You misunderstood me. I know logically my hatred at them doing this doesn’t make sense. It’s that they have the balls to do it that makes me mad. T-Mobile offers a device payment plan and they’re like yeh we can totally do that for you guys if you want it. So they did. Only, they didn’t drop the subsidy from the plan knowing most people didn’t even know it was baked in there.

          • T4rd

            Yeah, but coverage is king and people are stupid. With those two things, they will continue to violently rape their customers wallets and make record profits. It’s sad, but true.

          • rutgersjaffo

            Pray tell, how would you run the business if it were yours? Complain is not a synonym for solution. Just saying. I mean, no one says you have to have a smart phone with all the bells and whistles. You the consumer make that choice. Don’t want to be “violently raped” by mean old Verizon? Just get a cheap flip phone and use it to make calls and send and receive texts. Sure you can’t stream movies and waste a gazillion hours playing Angry Birds or whatever, but you’ll pay a lot less. And no raping. Again, you the consumer choose to avail yourself of their services. Don’t like their prices? Stop using their services. You’ll get by without a rooted phone and Rainbow Unicorn. Somehow.

          • T4rd

            I was speaking more to this new upgrade program about getting raped. I’m actually only paying $135/month (after taxes/fees) for two smart phones w/ unlimted everything and 1400 mins/month on the countries best carrier. I think that’s a good deal and I wouldn’t be saving much by switching to anyone else while retaining a similar plan and getting less coverage. I definitely feel I’m at least getting what I pay for. With these new plans/programs/fees they have; not so much.

            As long as I can stay on this plan, I’ll be happy. When/if Verizon forces me off of it, I will do as you say and drop them.

    • MatthewSimmons

      Sadly most people are dumb enough to think this is a good deal.

    • Tim

      but aren’t the people who pay full price for phones to avoid contract renewal basically paying twice for the phone because they are not getting a cheaper plan rate…correct?

      • Good_Point

        *mind blown*

      • Spaniard85

        Yep. Why haven’t we figured this out before now?

        • Tim

          I’m picking up some sarcasm…I was asking a question for clarity as I’m on the fence as what to do about losing my unlimited data or getting a new phone without having to pay 650 up front…and it seems to me that the people are getting upset only because doing it this way they would lose their unlimited data.

          • Spaniard85

            No no, sarcasm was not included in my comment. I was merely agreeing with, as I’d not really thought of it that way either until I read your post. It seems that many of us (you guys, I willingly gave up my unlimited a while back) are up for a tough choice here soon. Data, or lower cost of entry and no contract?

          • Tim

            ok…just checking. I really never looked at it that way either…I just basically paid my bill and never thought about paying this subsidized fee with it. I’m not up until Dec. so I have some time to wait until the big decision will have to be made.

          • Spaniard85

            Right right. I’m wondering if I’d be able to get my wife a new phone with this, but my line is the one that’ll be up for contract renewal next. I had to use her upgrade a few months ago to replace a fallen GNex. I’ll be badgering my VZW buddy (Assistant Store Manager) for details as soon as he gets them. :-P

          • steveliv

            You can always purchase from Best Buy and use their credit card to take advantage of one of their financing plans (18 month no interest, etc)

        • Smity

          I used this method when I bought my Thunderbolt phone a few years ago and again with the S4 a month ago.

      • Good_Point

        One more thought along those lines. So for every month you’re off contract and due for an upgrade, but don’t actually upgrade, you’re essentially giving the carriers free $$$.

        • Tim

          Very true…the carrier wins either way. Not much to do about it. I would also like to switch to T-mobile…but coverage is just non existent.

  • Zach B.

    Sigh… I was kinda of excited, too…